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The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity in the banking system. Such shortage of […]
- CBSL warns market players of stern action (Category: Breaking News)
- Sri Lanka central banks threatens stern action on victims after printing money (Category: Breaking News)
- CB: Indian rupee not ‘legal tender’ in SL (Category: Breaking News)
- Central Bank assures foreign exchange to import essential goods (Category: Breaking News)
Sri Lanka’s No. 1 Bank, Bank of Ceylon, marks its 83rd Anniversary today. The Bank will celebrate the occasion beginning with a multi-religious ceremony at the Bank’s Head Office with the participation of distinguished guests comprised of customers and well- wishers. The event will be held with the patronage of the Bank’s Chairman, Kanchana Ratwatte, […]
- BOC invites Sri Lankan expatriates and international investors to join “BOC My Sri Lanka” (Category: Breaking News)
- BOC open on 1 January (Category: Business)
- ‘Bank of Ceylon reiterates its leadership position with industry leading performance’ (Category: Breaking News)
- BOC to continue effective handling of finances and resource build-up (Category: Breaking News)
Non-oil imports collapsed 35.6 percent to 1,026 million US dollars.
- Exports up 7.0 percent (Category: Breaking News)
- Sri Lanka investment goods, non-foods import fall overtakes oil cost in April 2022 (Category: Breaking News)
- Sri Lanka imports fall in May as credit slows with rate hike (Category: Breaking News)
- Sri Lanka key current flows show surplus over imports for third month in August (Category: Breaking News)
[…]The post Proroguing The Parliament – A Political Subterfuge! appeared first on Colombo Telegraph.
- Nandasena Sri Lanka’s Jekyll And Hyde (Category: Breaking News)
- Nandasena Sri Lanka’s Jekyll And Hyde (Category: Breaking News)
- Nandasena Sri Lanka’s Jekyll And Hyde (Category: Breaking News)
- Nandasena Sri Lanka’s Jekyll And Hyde (Category: Breaking News)
We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake
- CBSL warns market players of stern action (Category: Breaking News)
- CBSL reiterates importance of ‘fair play’ by all stakeholders of economy in countering economic ... (Category: Breaking News)
- Sri Lanka exporters say committed to repatriating funds (Category: Breaking News)
- Sri Lanka CB takes on task finding dollars for food after open account ban (Category: Breaking News)
He has over 23 years of experience in the banking sector
- Slade new RACT chief (Category: Australia, Tasmania )
- Clayton Police Department Chairman Eldrin Bell Hit By Suspected Drunk Driver (Category: USA, Georgia)
- Broncos boss quits in protest of sacking (Category: Australia, Queensland)
- Henjak sacking: Broncos boss quits (Category: Australia, Queensland)
The remaining petrol reserves in Sri Lanka will likely be insufficient to meet normal needs, the World Food Programme (WFP) said. The Government has announced restrictions on fuel imports for the next 12 months as it faces a severe supply shortage. “Remaining petrol reserves will likely be insufficient to meet normal needs. The situation has […]
- WFP says 66 % Sri Lankans reduced number of meals eaten daily (Category: Breaking News)
- WFP to distribute ration packs to vulnerable households in Sri Lanka (Category: Breaking News)
- Three-wheel drivers block Galle Road in Dehiwala (Category: Breaking News)
- UN warns situation in Sri Lanka likely to worsen (Category: Breaking News)
Anthony Nihal Fonseka has been reappointed as a member of the Monetary Board of the Central Bank of Sri Lanka (CBSL) with effect from 27 July 2022 for a period of six years. Previously, he served on the Monetary Board from July, 2016 to May 2020 and from May 2022 to July 2022. He obtained […]
- Sri Lanka bribery net catches another local government official (Category: Breaking News)
- Power cuts for 16th & 17th July approved (Category: Breaking News)
- Nihal Fonseka re-appointed as Sri Lanka monetary board member for 6-years (Category: Breaking News)
- Sri Lanka universities considering admittance of 3,000 more students as redress to Z-score issue (Category: Breaking News)
The Central Bank of Sri Lanka (CBSL) has warned of stern action against market players who fail to fully comply with foreign exchange regulations. Issuing a statement, CBSL said that the bank and the Government have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor […]
- Central Bank assures foreign exchange to import essential goods (Category: Breaking News)
- CBSL reiterates importance of ‘fair play’ by all stakeholders of economy in countering economic ... (Category: Breaking News)
- Indian Rupee not a legal tender in Sri Lanka for domestic payments (Category: Breaking News)
- Sri Lanka further relaxes Foreign Exchange Regulations (Category: Breaking News)
SORA’s objective is to become a usable currency for both users on Earth as well as the Metaverse SORA platform currency is governed by a Parliamentary system that has multiple bodies with clear separation of powers, and where the members are chosen randomly from the SORA Citizen population. XOR transactions are fast and cheap, costing […]
- SriLankan Airlines poses questions on public concerns (Category: Breaking News)
- Civil Society Calls on Government to Enable Burials of COVID-19 Dead (Category: Breaking News)
- Civil Society Calls on Government to Enable Burials of COVID-19 Dead (Category: Breaking News)
- President Wickremesinghe, The Current Pohottuwa Government & The Way Forward – A Call From Citiz... (Category: Breaking News)
By Shiran Ranasinghe and Sanath Nanayakkara The Ceylon Petroleum Corporation (CPC) has still not paid for a ship carrying 40,000 tonnes of diesel that had arrived in Colombo Port on 16 July 16. The CPC has to pay 52 million dollars to the Dubai based Coral Energy before unloading the diesel. Moreover, the CPC also […]
- Kanchana admits consumers charged Rs. 50 per litre of fuel to settle USD 700 mn Indian loan (Category: Breaking News)
- SJB unionist: IOC and Sinopec benefit from special levy on fuel to recover CPC losses (Category: Breaking News)
- CPC urges public not to believe rumours of fuel shortages (Category: Breaking News)
- Low quality crude has resulted in 22% drop in diesel production (Category: Breaking News)
Sovereign default together with increasing economic challenges poses significant downside risks to DFCC's profitability
- Sri Lanka’s Bank of Ceylon downgraded to RD (Category: Breaking News)
- Sri Lanka’s NDB downgraded to ‘A(lka)’ amid soft-peg collapse (Category: Breaking News)
- Fitch affirms rating on 15 Sri Lankan Banks – Removes Watch Negative (Category: Breaking News)
- Sri Lanka Singer Finance downgraded, four on rating watch: Fitch (Category: Breaking News)
Has government securities
- Fitch revises NDB’s outlook to negative but affirms AA rating (Category: Business)
- NDB’s bottom line tops Rs. 1 b in 1H (Category: Business)
- Sri Lanka DFCC Bank rating watch negative kept in soft-peg collapse: Fitch (Category: Breaking News)
- NDB’s PAT Up 115% (Category: Breaking News)
Developments in Sri Lanka underline the risk of destabilising social and labour unrest throughout Asia-Pacific because of rising living costs impacting the region, S&P Global Market Intelligence said. Countries with similarly weak economic fundamentals and/ or poor economic policies have reduced resilience to external shocks, such as the COVID-19 pandemic, the Russia-Ukraine conflict, high oil...
- Sri Lanka records slight drop in inflation (Category: Breaking News)
- WFP says 6.26 million people in Sri Lanka are food insecure (Category: Breaking News)
- Sri Lanka’s July consumer inflation more than halves to 4.6% (Category: Breaking News)
- China confirms two-year debt moratorium offered to Sri Lanka (Category: Breaking News)
Chevron had imported lubricants on credit and had been hit as the rupee collapsed
- Sri Lanka’s NTB profits down 12-pct in March quarter (Category: Breaking News)
- Sri Lanka’s People’s Leasing net down 37-pct in March (Category: Breaking News)
- Sri Lanka’s Haycarb March net up on forex gains (Category: Breaking News)
- Sri Lanka sells Rs80bn in mostly 3-month bills, down 18bp (Category: Breaking News)
British Politics and Ours Both Sri Lanka and the UK have experienced an unprecedented political upheaval of late. It is interesting that both leaders agreed to resign within a day of each other. Everybody else saw the ‘the end is nigh’ sign for quite a while. They didn’t or didn’t want to see it until […]
- Laksiri, Issadeen win open men’s and women’s titles (Category: Breaking News)
- Sri Lanka set to play ten Tests next year (Category: Breaking News)
- Lochana, Warangana clinch singles titles (Category: Breaking News)
- Mihiran, Malshani adjudged best boxers at Nationals (Category: Breaking News)
By By Eng. Parakrma Jayasinghe Bio Energy Association of Sri Lanka The much-awaited outcome of the interim President is now over. Will this result in some measure of hope for the beleaguered public of reversing the downward slide of the economy and the resultant crisis on the very livelihood of most strata of the society? […]
- Litro Gas denies claims on salary structure (Category: Breaking News)
- Independence Day Event at USA Embassy (Category: Breaking News)
- Pune Gas expands operations into Sri Lanka (Category: Breaking News)
- Price of Laugfs gas increased with distribution to resume (Category: Breaking News)
The successful formation of a government under the new President Ranil Wickremesinghe is an important precondition for resolving Sri Lanka’s debt defaultThe post Fitch Ratings calls for political stability in Sri Lanka appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- Fitch Ratings warns of risks from political instability in Sri Lanka (Category: Breaking News)
- Sri Lanka faces uphill battle in meeting 2024 budget targets: Fitch (Category: Breaking News)
- Fitch downgrades Sri Lanka’s local currency debt rating to ‘CC’ (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘C’ (Category: Breaking News)
A default on local-currency debt could erode local banks’ capital positions
- Sri Lanka should not create a banking crisis in trying to reach debt sustainability: Eran (Category: Breaking News)
- Sri Lanka debt advisors looking at local debt: President (Category: Breaking News)
- Sri Lanka’s stance is to restructure only foreign debt: Governor Weerasinghe (Category: Breaking News)
- Sri Lanka Treasuries auction fails over re-structuring fears (Category: Breaking News)
New govt dominated by Rajapaksa linked party
- Fitch Ratings calls for political stability in Sri Lanka (Category: Breaking News)
- Fitch Ratings warns of risks from political instability in Sri Lanka (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘CC’ (Category: Breaking News)
- S&P downgrades two Sri Lanka sovereign bonds to ‘D’ (Category: Breaking News)
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the Washington-based fund.The post IMF says Sri Lanka needs to talk with China about debt restructuring appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- China tells IMF willing to take constructive part in debt talks (Category: Breaking News)
- Sri Lanka’s debt restructuring: China expected to inform its support to IMF today (Category: Breaking News)
- China gives assurances to the IMF that it will support Sri Lanka’s debt restructuring (Category: Breaking News)
- India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
By Easwaran Rutnam Sri Lanka must reach an agreement with its creditors before the International Monitoring Fund (IMF) can step in and provide financial assistance, the IMF said. Responding to questions during a Twitter Space discussion last evening, IMF Chief Economist Pierre-Olivier Gourinchas said that the IMF is concerned about the situation in Sri Lanka. […]
- IMF notes Sri Lanka still in talks with official bilateral creditors (Category: Breaking News)
- IMF waiting for Sri Lanka to do the needful (Category: Breaking News)
- UN says Sri Lanka’s misery a warning to the world (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
The Foreign Ministry announces with deep sorrow the passing away of Mr. Moragodage Christopher Walter Pinto, famously known as Mr. Chris Pinto, on 21 July, 2022, in the Hague, Netherlands. Mr. Pinto was the first Legal Advisor of the Ministry of Foreign Affairs who established the Legal Division of the Ministry in 1967. Mr. Pinto […]
- Foreign experts to assist SL's bid to expand continental shelf (Category: Breaking News)
- Sri Lanka to claim for extension of continental shelf Margin (Category: Breaking News)
- Govt. eyes criminal asset recovery law by April under IMF program (Category: Breaking News)
- UN experts say Sri Lanka s counter-terrorism bill fails to heed their recommendations (Category: Breaking News)
Bangladesh has formally requested for a USD 4.5 bn loan from Washington-based multilateral lender International Monetary Fund (IMF) to tackle the ongoing financial crisis in the country, the country’s media reported.Bangladesh has asked for the loan from the IMF in view of rapidly declining foreign exchange (Forex) reserves, Dhaka Tribune reported. In a letter to […]
- Bangladesh seeks $4.5 billion IMF loan as deficit widens (Category: Breaking News)
- Sri Lanka given more time to repay Bangladesh s $200m loan (Category: Breaking News)
- Sri Lanka pays back $50 million to Bangladesh (Category: Breaking News)
- Sri Lanka repays entire $200mn loan from Bangladesh (Category: Breaking News)
Net finance income up, inflation boosts revenue
- Khazanah invests in Sri Lanka's largest listed firm (Category: Breaking News)
- Colombo Stock Exchange makes gains on Thursday (Category: Breaking News)
- Development as the key to stability (Category: Breaking News)
- Sri Lanka bourse performs Asia's best in 2010 (Category: Breaking News)
Hambantota in southern Sri Lanka housed ousted President Gotabaya Rajapaksa following the recent crisis, until he was forced to flee the country entirely. That continues a trend of the city, and especially its strategic deep-sea port, being in the news for all the wrong reasons. In 2017, when Sri Lanka found itself struggling to make […]
- Over 400 respond (Category: Breaking News)
- IFC to provide $400 million to banks in Sri Lanka (Category: Breaking News)
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- IPO To Raise Rs. 400 mn (Category: Breaking News)
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state’s government seeks a financing loan from the Washington-based fund. “China is a big creditor, and Sri Lanka has to engage proactively with it on a debt restructuring,” Krishna Srinivasan, director of the […]
- Rights group seeks arrest of Gotabaya Rajapaksa in Singapore (Category: Breaking News)
- Paris Club to give Sri Lanka financing assurances (Category: Breaking News)
- Bill to trim president’s powers likely to become law within weeks (Category: Breaking News)
- Sri Lanka to announce debt restructuring strategy in April (Category: Breaking News)
ASPI gained 5.89 points at 1130 hours
National carrier SriLankan Airlines yesterday (July 26) said it paid the interest in full on its US$ 175 million bond due in 2024 using company funds.The post SriLankan Airlines says paid interest on US$ 175 million bond after sovereign debt default appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- Sri Lanka’s airline posts US $ 525 million annual loss (Category: Breaking News)
- Sri Lanka to pay interest on state-owned airline’s loan after sovereign debt default (Category: Breaking News)
- SriLankan Airlines debt to be cut before sale by spinning off units (Category: Breaking News)
- Sri Lankan Airlines loses Rs248bn in four months after soft-peg collapse (Category: Breaking News)
Employee benefit raised as the rupee falls and inflation goes up
- Fund Firm (Category: Business)
- Private Equity (Category: Business)
- Ray appointed to Lanka Ventures Board of Directors (Category: Business)
- Ray appointed to Asian Alliance Insurance Board (Category: Business)
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