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[…]The post Is The Central Bank On Its Way To Technical Insolvency? appeared first on Colombo Telegraph.
- A Child’s Guide To Currency Board Systems: Has The Monetary Board Failed The Nation? (Category: Breaking News)
- Who Has Printed The Biggest Quantity Of Money? Lakshman, Cabraal Or Nandalal? (Category: Breaking News)
- Has The Economy Been Assassinated & If So, Who Were The Assassins? (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: The Performance Of Ceylon’s Currency Board (Category: Breaking News)
Millions of less affluent Sri Lankans working in the Middle East are sending money home to keep the economy afloat while the more educated who hold higher posts in developed countries keep money stashed elsewhere, Labour Minister Manusha Nanayakkara said in Parliament on Tuesday (April 25).The post Sri Lanka workers in Middle East sending money, while more educated do not – Minister appeared...
- Lankan workers in Middle East sending money, while more educated do not: Minister (Category: Breaking News)
- Foreign Remittance through Banks: First electric vehicle import permit handed over (Category: Breaking News)
- Sri Lanka’s foreign remittances up by 98.8% in February – Manusha (Category: Breaking News)
- Foreign Employment Minister says his staff didn’t ask for money promising foreign employment (Category: Breaking News)
By NESHELLA PERERA Millions of less affluent Sri Lankans works in the Middle East are sending money home to keep the economy afloat while the more educated who hold higher post in developed countries keep money stashed elsewhere, Labour Minister Manusha Nanayakkara said. “The most amount of foreign exchange generated for Sri Lanka comes from the […]
- Money printing drastically reduced in 2022 - CBSL governor (Category: Breaking News)
- Money-printing halted as a matter of policy  Cabinet Spokesman (Category: Breaking News)
- CBSL permanently revokes money changing permit of Prasanna Money Exchange (Category: Breaking News)
- CBSL warns of scams defrauding individuals through calls, SMSs, emails and social media (Category: Breaking News)
Sri Lanka's economy is expected to shrink by 2% in 2023, its central bank said in an annual report on Thursday, as the country struggled to emerge from its worst financial crisis in decades.The post Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
- Sri Lanka economy could shrink by -3.5% to -4%, president says (Category: Breaking News)
- Sajith claims VAT hike will shrink economy (Category: Breaking News)
- Sri Lanka economy to shrink over 8-pct in 2022, inflation may peak below 70-pct: CB chief (Category: Breaking News)
- Sri Lanka fixed wireless users shrink, broadband up (Category: Breaking News)
The Government is to consider restructuring Sri Lanka’s domestic debt, but a final decision is yet to be taken, President Ranil Wickremesinghe told Parliament today. He said that all aspects will be looked into when restructuring Sri Lanka’s domestic debt. “Some banks are saying they will not be able to face this. Then they must […]
- Sri Lanka Government hoping to restructure $17 billion foreign debts along with local debts (Category: Breaking News)
- Sri Lanka virtually let down by China in securing a $2.9 billion IMF loan in December (Category: Breaking News)
- President urges China to change tune on debt (Category: Breaking News)
- Fitch downgrades Sri Lanka’s long-term local-currency IDR to ‘CC’ (Category: Breaking News)
Sri Lanka is caught up in the China-Quad battle. The Indian participation in the ‘Quad’ project has further complicated matters for Sri Lanka. President Gotabaya Rajapaksa’s ouster, last July, following a US-backed protest campaign that overwhelmed the seemingly invincible administration, underlines the urgent need for a thorough examination of external interventions. By Shamindra Ferdinando The [...
- Deferred China ship visit takes place amidst diplomatic row (Category: Breaking News)
- Bid to locate Admiral Zheng’s sunken vessels runs into controversy (Category: Breaking News)
- SJB frowns on Chinese project at Colombo Port, seeks President’s observations (Category: Breaking News)
- Impact of foreign-funded projects on Parliament’s standing as sole sovereign and supreme body (Category: Breaking News)
Indian tourists visiting Sri Lanka will be able to pay for transactions in Indian Rupees (INR), the Governor of the Central Bank of Sri Lanka Nandalal Weerasinghe said. Delivering a special address in the Webinar on ‘Economic Scenario of Sri Lanka: Current Status and Way Ahead’, organized by Federation of Indian Chambers of Commerce and […]
- Using the Indian Rupee for economic transactions will have positive impact on the tourism and ho... (Category: Breaking News)
- Indian Rupee not a legal tender in Sri Lanka for domestic payments (Category: Breaking News)
- Indian Government allows Sri Lankans to hold $10,000 worth of rupee in cash (Category: Breaking News)
- RBI allows international trade settlement in Rupee (Category: Breaking News)
[…]The post The Magic 2048: What Is To Be Done To Make Ranilnomics A Reality? appeared first on Colombo Telegraph.
- Child’s Guide To Ranilnomics: Need Is Going For IMF Plus (Category: Breaking News)
- Economy 2024: More Challenging Than The Two Previous Years (Category: Breaking News)
- Can Sri Lanka Drive Itself From Bankruptcy To Prosperity In 2023? (Category: Breaking News)
- Global Technological Developments & How Sri Lanka Should Reframe Its Growth Strategies (Category: Breaking News)
[…]The post IMF, ATA & RW’s Consolidation appeared first on Colombo Telegraph.
- Anti-Terrorism Act To Prevent System Change (Category: Breaking News)
- A führer In The Making (Category: Breaking News)
- RW, IMF & The Economy (Category: Breaking News)
- RW’s Political Dilemma (Category: Breaking News)
[…]The post The Easter Attacks & A Game Of Thrones: The Master Mind, A Cover Up Investigation & AI appeared first on Colombo Telegraph.
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
- A French Spring Amid IMF Mission Creep: Ranil Tangoes In Paris As Macron Pivots To BRICS (Category: Breaking News)
[…]The post Is State Owned Temasek A Useful Concept For Sri Lanka? appeared first on Colombo Telegraph.
- Planning For A Year Of Elections (Category: Breaking News)
- Waiting For Godot: Can Some Developing Nations Unite & Transform The Planet? (Category: Breaking News)
- What I Wish To See In The NPP (Category: Breaking News)
- The Partnership Between NPP & JVP Must Be Emboldened (Category: Breaking News)
Sri Lanka's National Consumer Price Index (NCPI) (LKNCPI=ECI) eased to 49.2% year-on-year in March, after a 53.6% rise in February, the statistics department said on Friday.The post Sri Lanka consumer inflation dips to 49.2% year-on-year in March appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s consumer inflation eases in May 2023 (Category: Breaking News)
- Sri Lanka’s inflation eases to 2.5% in March 2024 (Category: Breaking News)
- Sri Lanka’s consumer inflation dips to 33.6% in April (Category: Breaking News)
- Food inflation in Sri Lanka drops to 47.6% in March (Category: Breaking News)
Friday 21st April, 2023 Parliament is going to debate the government’s agreement with the IMF, which has approved USD 3 billion for Sri Lanka under the Extended Fund Facility Arrangement. The debate is scheduled to take place from 26 to 28 April, we are told. Public finance is the province of Parliament, which should scrutinise the […]
- Power of Parliament subjugated to IMF dictates – JVP (Category: Breaking News)
- Speaker’s criticism of govt., hailed by Opposition (Category: Breaking News)
- SJB demands entire agreement with IMF, refuses to take part in vote (Category: Breaking News)
- President to make fresh clarion call for all-party national government (Category: Breaking News)
Economists sharply cut Sri Lanka’s growth outlook through this year as curbs on imports and still-limited reserves persist even as the International Monetary Fund releases bailout loans and authorities work toward debt restructuring efforts.The post Sri Lanka GDP outlook slashed as economy struggles to recover – report appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ON...
- Sri Lanka unexpectedly cuts rates by 250 bps as inflation eases (Category: Breaking News)
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
- Japanese giant Mitsubishi Corporation to wind up operations in Sri Lanka (Category: Breaking News)
- Economist Amal Sanderatne falls to death from apartment complex in Colombo (Category: Breaking News)
Economists sharply cut Sri Lanka s growth outlook through this year as curbs on imports and still-limited reserves persist even as the International Monetary Fund releases bailout loans and authorities work toward debt restructuring efforts.
…and move to license poaching in northern waters The Sectoral Committee on International Relations should examine the highly contentious proposal to regulate Indian poaching in Sri Lankan waters. Talks are continuing on the setting up of a licensing system to address a long standing problem. The intensity of poaching has only increased since the conclusion […]
- Devananda warns against endangering lives of encroaching Indian fishers (Category: Breaking News)
- Navy apprehends poaching fishers in spite of TN protests (Category: Breaking News)
- Poaching Indian fishers turn violent, attack Navy personnel in SL waters (Category: Breaking News)
- Modi bottom trawling Tamil Nadu votes (Category: Breaking News)
[…]The post Four Popular Fallacies Relating To Central Banking appeared first on Colombo Telegraph.
- Central Bank Independence: Issue To The Fore Again, But Will The Government Have Foresight To Do... (Category: Breaking News)
- Who Has Printed The Biggest Quantity Of Money? Lakshman, Cabraal Or Nandalal? (Category: Breaking News)
- RW’s Tax Hike Welcome But Much More To Be Done To Come Out Of The Crisis (Category: Breaking News)
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
[…]The post Taxes, Swiss Bank Accounts & The Chinese Cafe appeared first on Colombo Telegraph.
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- Playing The Fiddle While The Country Burns! (Category: Breaking News)
- Ranil’s Economic Strategy: Will His Prioritisation Of Targets Misfire? (Category: Breaking News)
- Ranil’s Budget Crisis & Ibn Khaldun (Category: Breaking News)
While the days of good news are going on for India, the latest good news is that our country’s currency, the rupee, is gradually making its place and influence among countries of the world. Seeing the increasing role of India in international trade, the countries of the world are coming forward to do financial transactions […]
- Expect India-Russia bilateral trade to reach $50 billion, says Russian Minister (Category: Breaking News)
- Sri Lanka wants to start rupee trade with India (Category: Breaking News)
- Threats To The Hegemony Of The US Dollar (Category: Breaking News)
- Ambitious Digital Rupee (Category: Breaking News)
By Easwaran Rutnam China has called on commercial and multilateral creditors to take part in Sri Lanka’s debt restructuring based on fair burden-sharing. Responding to a question posed at a regular press briefing, Chinese Foreign Ministry Spokesperson Wang Wenbin said that the Export-Import Bank of China, as the official bilateral creditor, has stated clearly in its […]
- China in close communication with Sri Lanka on debt restructuring (Category: Breaking News)
- China assures will not harm Sri Lanka’s interests (Category: Breaking News)
- Sri Lanka says China survey ship can dock in its port (Category: Breaking News)
- China says Exim Bank and Sri Lanka reached preliminary debt deal (Category: Breaking News)
Sri Lanka expects China to support its effort to restructure debts and help it begin repaying its obligations, according to the nation’s central bank governor.The post China will support Sri Lanka’s debt rework, says CBSL governor appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s debt restructuring: China expected to inform its support to IMF today (Category: Breaking News)
- China tells IMF willing to take constructive part in debt talks (Category: Breaking News)
- Sri Lanka to announce debt restructuring strategy in April – Central Bank Governor (Category: Breaking News)
- China’s EXIM bank offers Sri Lanka debt extension – report (Category: Breaking News)
Japan, India and France are scheduled to hold a press briefing on Thursday (13 April) to announce the launch of the debt restructuring negotiation process on Sri Lanka.The post Japan, India and France to announce Sri Lanka’s debt restructuring negotiation process appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Japan, India and France to announce launch of Sri Lanka s debt restructuring negotiations (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
- China assures commitment towards Sri Lanka’s debt restructuring process (Category: Breaking News)
- India seeks close coordination between Sri Lanka and all creditors (Category: Breaking News)
Sri Lanka’s sovereign lenders have yet to inform the government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the central bank governor told Reuters in an interview on Tuesday.The post Sri Lanka central bank chief says sovereign lenders yet to outline debt talks plans appeared first on Sr...
- Sri Lanka’s sovereign lenders yet to outline debt talks plans (Category: Breaking News)
- Sri Lanka gives China deal details, keeping IMF aid on track (Category: Breaking News)
- No more second chances to stabilize country s economy- CBSL governor (Category: Breaking News)
- Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy (Category: Breaking News)
Bill titled ‘Central Bank of Sri Lanka’: By Shamindra Ferdinando Speaker Mahinda Yapa Abeywardena made the following announcement immediately after the opening of Parliament on April 04, 2023. The Speaker declared: “I wish to make an announcement in respect of the Bill titled ‘Central Bank of Sri Lanka.’ The court has determined that none of […]
- Parliament urged to incorporate amendments into Central Bank Bill in keeping with promise to SC (Category: Breaking News)
- CBSL Bill passes muster with SC (Category: Breaking News)
- SC refers FR case on Revival Bill to CJ (Category: Business)
- SC commences hearing petitions challenging proposed 22 A (Category: Breaking News)
Sri Lanka’s sovereign lenders have yet to inform the Government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the Central Bank Governor told Reuters in an interview on Tuesday. The island nation aims to formally engage […]
- Sri Lanka to present debt restructuring, IMF bailout plans to creditors (Category: Breaking News)
- Japan seeks to organise Sri Lanka creditors’ meeting on debt crisis (Category: Breaking News)
- Japan, India and France launch Sri Lanka debt re-structuring talks (Category: Breaking News)
- IMF still awaiting adequate assurances on Sri Lanka (Category: Breaking News)
Sri Lanka has requested foreign countries to review their travel advisories to reflect the stability in the country which would further encourage tourist influx. Minister of Foreign Affairs Ali Sabry convened a briefing on current developments in Sri Lanka for the Colombo-based diplomatic corps. Minister of State of Foreign Affairs Tharaka Balasuriya, Chief of Staff […]
- Maldives Foreign Minister to visit Sri Lanka for joint commission talks (Category: Breaking News)
- Kazakhstan invites Sri Lankan President to undertake an official visit (Category: Breaking News)
- Sri Lanka looks to enhance ties with Russia (Category: Breaking News)
- Singapore offers assistance to upgrade immigration system in Sri Lanka (Category: Breaking News)
[…]The post The Role Of National Defence In A Crisis-Ridden Economy appeared first on Colombo Telegraph.
- Evil Is Not Mere Money Printing, But Unbridled Government Expenditure (Category: Breaking News)
- Citizens Should Be Aware Of The Burden Of Total Government Expenditure (Category: Breaking News)
- Crisis-Hit Sri Lanka Economy (Category: Breaking News)
- Bankrupt Sri Lanka Celebrated Independence, But Now It Is Back To Hard Economic Realities (Category: Breaking News)
To tackle the enormous economic challenge that Sri Lanka is facing, everyone must come together to support the recovery and promote stable and inclusive growth, says the International Monetary Fund (IMF) Senior Mission Chief for Sri Lanka Peter Breuer.The post Everyone must come together to support Sri Lanka’s recovery and inclusive growth – IMF appeared first on Sri Lanka News - Lates...
- Everyone must come together to support Sri Lanka s recovery and inclusive growth  IMF (Category: Breaking News)
- IMF reaches staff-level agreement with Sri Lanka on second review (Category: Breaking News)
- Despite signs of stabilization, full economic recovery not yet assured – IMF Mission (Category: Breaking News)
- IMF and Sri Lanka reaches Staff-Level Agreement for US$ 2.9 Billion Programme (Category: Breaking News)
ECONOMYNEXT –The country’s remittances through official channels rose to 568 million US dollars in March 2023, up 78 percent from a year earlier, as unofficial premiums declined with the central bank applying the brakes on money printing. Sri Lanka’s monthly remittances coming through official channels ranged around 500 to 600 million US dollars a month, […]
- Sri Lanka official remittances down 33-pct in May (Category: Breaking News)
- Lankan workers in Middle East sending money, while more educated do not: Minister (Category: Breaking News)
- Sri Lanka remittances slightly up in September 2022 (Category: Breaking News)
- Sri Lanka remittances down 42-pct in June 2022 in non-credible peg (Category: Breaking News)
Zambia [Africa], March 21 (ANI): Zambia is facing an unsustainable debt burden, and debt servicing is leaving little room for capital formation, especially funds needed for infrastructure development, reported Africa Daily Digital. While the country is struggling to take up World Bank-suggested reforms such as restoring fiscal and long-term debt sustainability, increasing farmers’ productivity and...
- Top Chinese diplomat meets Zimbabwe President, hopes to make inroads in Africa (Category: Breaking News)
- China holds key to Sri Lanka’s debt restructuring to ease economic crisis (Category: Breaking News)
- Debt Trap Lessons (Category: Breaking News)
- China’s Role in the Development Puzzle of Africa (Category: Breaking News)
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