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Projections indicate a deviation of inflation from the target, primarily due to amendments to the Value Added Tax (VAT) introduced in January 2024, before it retraces towards the target from around end 2024, the Central Bank of Sri Lanka said. The Central Bank of Sri Lanka released the Monetary Policy Report – February 2024 in […]
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
- CBSL’s decision to raise policy rates in line with IMF expectations (Category: Breaking News)
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
- ‘SL’s inflation reduced to single digit levels in 2023 along with restoration of price stability’ (Category: Breaking News)
Sri Lanka's economy is expected to keep growing in 2024 and gradually reach its potential over the medium term, according to the Central Bank's latest report on monetary policy.The post Central Bank of Sri Lanka says annual economic growth expected to turn positive in 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s official reserve assets up by 9.6% in April 2024 (Category: Breaking News)
- Central Bank of Sri Lanka maintains Policy Rates to support Economic Recovery (Category: Breaking News)
- Sri Lanka Central Bank further reduces policy rates (Category: Breaking News)
- Sri Lanka’s Central Bank holds policy interest rates at current levels (Category: Breaking News)
Sri Lanka s annual economic growth is expected to remain positive in 2024 and gradually reach its potential over the medium term, the Central Bank said in its latest monetary policy report.
Sri Lanka s spike in inflation is expected to be short-lived and will return to the targeted 5% in the medium term, a monetary policy report released by the central bank said on Thursday as the island nation s economy stabilises from a crippling financial crisis.
[…]The post Middle East War & Radical Islam appeared first on Colombo Telegraph.
- Netanyahu’s Madness (Category: Breaking News)
- Between Pax Americana & Eretz Israel Palestine Withers (Category: Breaking News)
- Israeli Right To Defend & Palestinian Right To Be Free (Category: Breaking News)
- Condoning Israeli Aggression & Condemning Palestinian Resistance (Category: Breaking News)
160 recipients of ‘RemitPlus’ remittances to win Rs 25,000 each from February to April Cash rewards totaling Rs 4 million are to be showered on Commercial Bank’s remittance customers in an early countdown to the Sinhala and Tamil New Year and Ramadan. Over eight weeks commencing February and ending on 9th April, Sri Lanka’s benchmark […]
- Commercial Bank to shower gifts on remittance customers this Avurudu (Category: Business)
- Migrant workers remittances record sharp increase in May (Category: Breaking News)
- Workers remittances in August reaches USD 325.4 mn (Category: Breaking News)
- People’s Bank Vaasi Kotiyai Awards Gold Sovereigns for 25 winners (Category: Breaking News)
[…]The post Restrictions Of Civic Space Is Unacceptable appeared first on Colombo Telegraph.
- Preparing For Free & Fair Elections (Category: Breaking News)
- Truth & Reconciliation Need To Be Manifested In Deeds On The Ground (Category: Breaking News)
- Second Aragalaya In The Making (Category: Breaking News)
- System Change Plus Politician Change Through Elections (Category: Breaking News)
Dr. Elias Joseph Jeyarajah, represented the Global Tamil Forum (GTF) at the recent launch of district level workshops for ‘National Conversation’ based on the Himalaya Declaration. The first inter-religious coordination committee promoting conversations on the merits of the Himalaya Declaration was held in Kurunegala on February 09. In spite of opposition from various quarters, particularly [̷...
- Canadian HC says he didn’t endorse or declare Ottawa’s support for Himalayan Declaration (Category: Breaking News)
- Ranil holds talks with GTF which Gota banned (Category: Breaking News)
- Acting Canadian HC summoned over sanctions on ex-Presidents, others (Category: Breaking News)
- Sri Lanka caught up in Canadian Indo-Pacific Strategy (Category: Breaking News)
Indian Prime Minister Narendra Modi and Sri Lanka’s President Ranil Wickremesinghe, witnessed the virtual launch of the Unified Payments Interface (UPI) connectivity between India and Sri Lanka. The President’s office said that in a ground-breaking move aimed at enhancing the convenience and security of digital payments for Indian tourists in Sri Lanka, a virtual launch […]
- India’s Unified Payment Interface (UPI) service launched in Sri Lanka (Category: Breaking News)
- India’s UPI to be launched in Sri Lanka, Mauritius on Monday (Category: Breaking News)
- India’s PhonePe UPI launched in Sri Lanka (Category: Breaking News)
- Modi to launch Unified Payment Interface services in Sri Lanka (Category: Breaking News)
India’s Unified Payment Interface (UPI) service was launched today (February 12) in Sri Lanka in collaboration with LankaPay.The post India’s Unified Payment Interface (UPI) service launched in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- India’s UPI to be launched in Sri Lanka, Mauritius on Monday (Category: Breaking News)
- Modi, Ranil, Pravind to witness launch of UPI (Category: Breaking News)
- India’s PhonePe UPI launched in Sri Lanka (Category: Breaking News)
- India s UPI to be launched in Sri Lanka, Mauritius on Monday (Category: Breaking News)
The Philippines, under President Ferdinand Marcos Jr., has approved a major military upgrade including its first submarine, aiming to bolster its maritime defenses in the disputed South China Sea, according to a report published in South China Morning Post on February 01. This shift towards external defense reflects growing tensions with China, which recently claimed […]
- Ignoring China’s Ultimatum, Philippines To Hold Drills With Australia, Japan & US In Disputed So... (Category: Breaking News)
- China faces international criticism after its vessel fired water cannon on Philippine boats (Category: Breaking News)
- China warns citizens ahead of Manila protest on Friday (Category: Business)
- China taking positions to deny Philippines access to key sea areas (Category: Breaking News)
[…]The post Without A Code Of Ethics & Principles Of morality, No Meaning In Social Market Economy appeared first on Colombo Telegraph.
- Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off (Category: Breaking News)
- Target 2048 – Economic Democracy Principles Should Be Followed To The Letter (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)
Sri Lankan President Ranil Wickremesinghe, addressing concerns about China’s increased presence in the Indian Ocean region, said the island nation would not allow anything that would jeopardize India’s security.The post Sri Lanka will not allow anything harmful to India’s security – President Ranil appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Fearing political pressure, Sri Lanka president wants to avoid trade integrations with India (Category: Breaking News)
- Sri Lankan president calls Aukus a ‘mistake’, rejects fears over China (Category: Breaking News)
- Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil (Category: Breaking News)
- RW: Final settlement with Tamils in a few months (Category: Breaking News)
Rex Clementine at Pallekele Sri Lankan cricket has been ahead of times compared to some of our Asian neighbours over the years. In our formative years, Gamini Dissanayake was convinced that the team needed a foreign coach and quite a few of them were hired including Sir Garry Sobers to help the team in early […]
- Protect local coaches (Category: Breaking News)
- Hashan Tillakaratne appointed Bangladesh women’s head coach (Category: Breaking News)
- Excitement high as World Cup approaches (Category: Breaking News)
- Just how did Sri Lanka win a series in South Africa? (Category: Breaking News)
By Saman Indrajith Opposition and SJB leader Sajith Premadasa speaking in Parliament yesterday lambasted the government for not taking action to ensure education rights of hundreds of students who had applied for interest free loans to enter two private universities. Premadasa said that the students who had applied for interest free loans to study at […]
- Weerawansa urges President to fast-track interest-free university student loan scheme (Category: Breaking News)
- More Students Missing College Loan Payments (Category: USA, Georgia)
- FUTA accused of engaging in ‘terrorism, ‘pursuing destructive strategy (Category: Breaking News)
- China writes off interest-free loans given to Zimbabwe (Category: Breaking News)
President Ranil Wickremesinghe said in Parliamenty yesterday he was aware that Value Added Tax (VAT) was a burden on the public. He said it would be possible to reduce VAT with the passage of time. Delivering the government policy statement at the commencement of the new session of Parliament, the President said: “The prior scarcity […]
- “We may contest elections separately but let us collaborate in nation-building endeavors” – Pres... (Category: Breaking News)
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- President ready to exempt school supplies, health equipment, medicine, etc., from VAT (Category: Breaking News)
- Govt will increase benefits for people as revenue buffers strengthen, says President (Category: Breaking News)
Urges unity over deep political divisions for effective crisis management Says ‘intricate’ foreign debt restructuring will take up to six months Invites Opposition to confer with institutions that foster international financial stability by Sanath Nanayakkare As government revenue increases, measures will be taken to increase benefits for the people accordingly, President Ranil Wickremesinghe said...
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- JVP moves SC to prevent possible losses to EPF, ETF (Category: Breaking News)
- Debt restructuring strategy out in April (Category: Breaking News)
- A high-wire act (Category: Breaking News)
Inaugurating the 5th session of the 9th Parliament of Sri Lanka President Ranil Wickremesinghe called upon all lawmakers to collaborate in nation building even though they would be contesting elections separately. “From ancient times to the present day, our world has encountered a myriad of crises, spanning nations and personal lives alike. While some crises […]
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- Economy improving, VAT can be reduced – RW (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
A special Monetary Policy Board (MPB) Meeting is due to be held today (07 Feb.), the Central Bank of Sri Lanka (CBSL) stated.
Sri Lanka President Ranil Wickremesinghe while presenting his Policy Statement in Parliament today (February 07), says the government was planning to reduce the tax burden as economic reforms continue to stabilize the economy.The post Sri Lanka President Ranil delivers Government’s policy statement in Parliament appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- “We may contest elections separately but let us collaborate in nation-building endeavors” – Pres... (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
- Economy improving, VAT can be reduced – RW (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
As the Maldives approaches a critical juncture in its economic trajectory, the decisions made by President Mohamed Muizzu are coming under intense scrutiny. The nation, composed of around 550,000 people stands at a crossroads, grappling with economic challenges exacerbated by a series of decisions that have raised eyebrows and sparked concerns. The recent reports indicating […]
- Maldives is now a Pawn in China’s Strategic Game (Category: Breaking News)
- Maldives In Murky Waters: Chinese Debt Challenges For Economic Stability (Category: Breaking News)
- China and India’s Engagement with the Maldives: “Rich Imperialism” vs “Poor Imperialism” (Category: Breaking News)
- New Maldives president promises to expel foreign military personnel (Category: Breaking News)
Sri Lanka expects to attract about US$5 billion in foreign funds in the next two years once it is able to finalise the restructuring of its overseas debt, the country’s foreign minister said on Monday (February 5).The post Sri Lanka eyes US$5 billion in foreign funds after debt restructure appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka set to begin talks to restructure debt of $30 Billion (Category: Breaking News)
- Sri Lanka to start restructuring talks with investors next week, Bloomberg News reports (Category: Breaking News)
- Sri Lanka announces $10 billion local bond swap deal ahead of IMF visit (Category: Breaking News)
- Sri Lanka looks at debt relief through nature conservation – report (Category: Breaking News)
[…]The post Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 appeared first on Colombo Telegraph.
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (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 The Bleak Future For Sri Lanka : 75 Years After Independence appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- System Change Happening In Wrong Direction (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
ECONOMYNEXT – Sri Lanka has signed an agreement with Washington-based World Bank to borrow 150 million US dollars to strengthen a deposit insurance scheme, the island’s Finance Ministry said. The funds will come from the low-interest International Development Association window to which Sr Lanka re-qualified after its sovereign default. The project will strengthened the “financial […]
- Insurance Plan (Category: Business)
- Deposit Protection (Category: Business)
- Central Bank of Sri Lanka launches a deposit insurance scheme, reduces loan loss provision (Category: Breaking News)
- Approved finance companies (Category: Business)
[…]The post Independent Of What & Whom? appeared first on Colombo Telegraph.
- ‘Endangering National Security’ – A Trojan Horse To Erode Human Rights! (Category: Breaking News)
- Collusive Behavior Undermines Citizen Rights: Emerging Pseudo-Goebbels (Category: Breaking News)
- Sinhala Colonisation Of Ancient Tamil Hindu Sites & The Importance Of Muslim, Christian, Hindu U... (Category: Breaking News)
- Anura’s Visit To India, Its Signs & Importance (Category: Breaking News)
The Sri Lankan government says it has made arrangements to borrow USD 150 million from the International Development Association (IDA) of the World Bank Group to finance the implementation of Financial Sector Safety Net Strengthening Project.
EXCLUSIVE Threaten to push IMF to block next tranche Litigation by bond holders not ruled out Govt. assures will expedite communications Sri Lanka keen on win-win solution By Easwaran Rutnam Private creditors have threatened to do all it can to persuade the International Monetary Fund (IMF) to hold back the next tranche of funding […]
- IMF Executive Board to decide on Sri Lanka’s EFF on March 20 (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
- IMF waiting for Sri Lanka to do the needful (Category: Breaking News)
- IMF wants Sri Lanka to reach deal with creditors (Category: Breaking News)
Secretary to the Treasury and Finance Ministry Mahinda Siriwardana has said that even if Sri Lanka achieves the goal of zero corruption, tax revenue will still have to be increased to bridge the budget deficit and lessen the country’s debt burden. Referring to the Supreme Court ruling pertaining to economic management delivered on Nov 14, […]
- EPF asked to pay 30% tax unless it participates in domestic debt restructuring process (Category: Breaking News)
- CB Governor outlines importance of DDR to protect banks and save overall economy (Category: Breaking News)
- IMF team gives prognosis for Lanka at conclusion of nearly two-week visit (Category: Breaking News)
- Govt. retains two foreign firms to restructure ISBs (Category: Breaking News)
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