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Wickremesinghe is budgeting in a sea of monetary instability
- Sri Lanka tax revenues grow 29-pct up to May amid inflation (Category: Breaking News)
- Sri Lanka’s tragedy and the lost wisdom of D S Senanayake on money printing (Category: Breaking News)
- Sri Lanka banks cut foreign borrowings, see more deposit dollarization (Category: Breaking News)
- Sri Lanka plans to cut deficit to 6.8-pct of GDP in 2023 (Category: Breaking News)
Wednesday 31st August, 2022 Trade unions in the power and energy sectors are up in arms against a government move to restructure the Ceylon Electricity Board (CEB) and the Ceylon Petroleum Corporation (CPC). They would have the public believe that the blame for the staggering losses the two institutions have been incurring should be laid […]
- Corporate sector offers policymakers a blueprint for CPC reform (Category: Breaking News)
- Armed soldiers forcing CPC employees to act against their will – Unions (Category: Breaking News)
- Remedy worse than malady? (Category: Breaking News)
- Govt.’s strong-arm tactics bound to fail, say petroleum unions (Category: Breaking News)
"If there is no flour, we simply cannot produce,” said Jayawardena.
- Sri Lanka’s bakers call for price controls on wheat flour after hurting egg farmers (Category: Breaking News)
- It’s a matter of ‘two quid of betel’-Wimal (Category: Breaking News)
- Sri Lanka’s bakers, candy makers urge govt. to impose price controls; allow imports (Category: Breaking News)
- Sri Lanka: Acute shortage for wheat flour in Colombo due to price hike (Category: Breaking News)
He said the new mechanism, upon its completion, will also ensure that transparent laws and systems are in place.
- Ensure integrity of nominations to Constitutional Council: Sri Lanka Bar Association (Category: Breaking News)
- Putin congratulates Sri Lanka president; looks to foster bilateral cooperation (Category: Breaking News)
- Political stability will help Sri Lanka turn a corner, president tells WSJ (Category: Breaking News)
- Sri Lanka’s gazetted 22nd amendment bill is a diluted version of itself: CPA (Category: Breaking News)
Sri Lanka is facing a looming food shortage after ban on fertilizer import
- Refugee Support (Category: Business)
- Food Deal (Category: Business)
- Food Acquisition (Category: Business)
- Food Oppression (Category: Business)
The UK no longer advises against all but essential travel to Sri Lanka
- Normal Status (Category: Business)
- Travel Show (Category: Business)
- UK revises travel advisory on Lanka (Category: Breaking News)
- Travel Destination (Category: Business)
A team from the International Monetary Fund (IMF) will meet Sri Lanka's president on Wednesday for talks to finalise a bailout package, including restructuring debt of about $29 billion, amid the nation's worst financial crisis in more than seven decades.The post IMF team to holds talks with crisis-hit Sri Lanka on debt restructuring appeared first on ONLANKA News :. Sri Lanka Breaking News Update...
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- Crisis-hit Sri Lanka strikes staff-level pact with IMF on loan – sources (Category: Breaking News)
Workers who appeared for the test will also be given the opportunity to appear in another field next year.
- Government land policy is fair- Keheliya (Category: Breaking News)
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
The grant was given in response to a request by Sri Lanka’s government.
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
The manufacturing PMI declined to 41.4 from 44.1
- Cooling Effect (Category: Business)
- SC experts say BMW hiring could lower jobless rate (Category: USA, South Carolina)
- Canada's GDP rises 0.3% in August (Category: Canada, Ontario)
- Agreement to be signed to set up a canned fish factory in Sri Lanka (Category: Breaking News)
[…]The post JR & Expert Advice: Failing To Implement Goh Keng Swee Report Of 1980 appeared first on Colombo Telegraph.
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
- Sri Lanka’s tragedy and the lost wisdom of D S Senanayake on money printing (Category: Breaking News)
- A Child’s Guide To Currency Boards: Why Did Ceylon Give Up The Currency Board, While Singapore D... (Category: Breaking News)
- Sri Lanka President revises budget amid inflationary blow off (Category: Breaking News)
[…]The post Did Bankruptcy Of Sinhala Language Help Push The Country Off The Cliff appeared first on Colombo Telegraph.
- Clifford ‘Cliff’ Lee Gagnon (Category: USA, Indiana)
- Clifford ‘Cliff’ Lee Gagnon (Category: USA, Indiana)
- Lasantha Wickrematunge’s Assassination: Empty Promises Of Accountability (Category: Breaking News)
- Manslaughter By Proxy (Category: Breaking News)
[…]The post Protest Movement Can Rebound Unless Government Legitimacy Is Restored appeared first on Colombo Telegraph.
- Legitimate Demands Of Protestors Need To Me Met (Category: Breaking News)
- Representative Democracy Is To Heed The Voice Of The People (Category: Breaking News)
- President Needs To Implement Pledges Before Elections (Category: Breaking News)
- Criminalising Public Protest Will Only Delay The Inevitable (Category: Breaking News)
by Jehan Perera The government appears to have secured political stability in the short term. So far President Ranil Wickremesinghe’s efforts to restore stability appear to be working. Political stability is necessary for decisions to be made and kept. It is a necessary element for international support to come in. One of the IMF’s conditions […]
- Political engagement with Aragayala necessary (Category: Breaking News)
- SL hopes for productive talks at IMF WB spring meetings (Category: Breaking News)
- Deeds now matter more than promises for the future (Category: Breaking News)
- True reconciliation requires including all in the state’s care, concern and protection (Category: Breaking News)
The Asia Council’s Forum for Economic Cooperation comprising regional leaders from the continent has urged Japan and South Korea to help Sri Lanka tide over the ongoing economic crisis. The island nation of 22 million people is facing an unprecedented economic meltdown with inflation in July hitting a record 60.8% and the country still facing […]
- SLTDA offers temporary registration for homeowners in Kandy (Category: Breaking News)
- New Zealand assures Sri Lanka continuous assistance (Category: Breaking News)
- Afghanistan stun Sri Lanka in Asia Cup opener (Category: Breaking News)
- UNDP Regional Director for Asia-Pacific in Sri Lanka for talks (Category: Breaking News)
Calls for unity in a country torn apart by nationalism and monetary instability
- Selected imports to be restricted to balance payments for fuel (Category: Breaking News)
- Sri Lanka president, PM, opposition leader support proposed UN-monitored reforms: Victor Ivan (Category: Breaking News)
- President seeks opposition support to implement IMF deal (Category: Breaking News)
- PM warns Sri Lanka facing threat of hitting rock bottom (Category: Breaking News)
by Jayampathy Molligoda Inflation is too high in Sri Lanka; people are finding it unbearable. How can we control the inflation from further slipping? Singapore experience and structure of our CBSL: Singapore has the Monetary Authority Singapore (‘MAS’) as their Central Bank, where in Sri Lanka, we have the Central Bank of Sri Lanka (which […]
- ‘SL’s inflation reduced to single digit levels in 2023 along with restoration of price stability’ (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- Inflation – Public Enemy Number One (Category: Breaking News)
- CBSL to maintain ‘dovish monetary policy in view of economic stabilization’ (Category: Breaking News)
[…]The post Ranil’s Biggest Woe: What To Do When Fiscal & Monetary Policies Have Failed & Are Still Falling? appeared first on Colombo Telegraph.
- A Child’s Guide To Demand Of 182 Academics For Cancelling Sri Lanka’s Foreign Debt (Category: Breaking News)
- IMF Facility? Is It Sufficient To Deliver Prosperity To Sri Lankans? (Category: Breaking News)
- New Central Banking Bill: Positive But Gaps Need To Be Filled (Category: Breaking News)
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
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)
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)
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)
[…]The post Presidential Dilemma: Find Fuel Or Face Protests appeared first on Colombo Telegraph.
- Ranil-Rajapaksa Dilemmas: Push Back On Basil Or Risk Leaving Like Gota (Category: Breaking News)
- Ranil-Gota Twosome: One Gone, The Other Is Acting Up (Category: Breaking News)
- Good Bye Ranil; “Welcome” President Dulles Alahapperuma (Category: Breaking News)
- Whose Saviour Is Ranil? And Who Is Being Clever – Ranil Or Gota? (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)
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)
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)
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 post An Open Letter & Appeal To The IMF appeared first on Colombo Telegraph.
- An Open Letter To Mr. President Ranil Wickremesinghe (Category: Breaking News)
- An Open Letter To The President & The Judiciary (Category: Breaking News)
- An Open Letter To President & Judiciary – A Response (Category: Breaking News)
- Target 2048 – Economic Democracy Principles Should Be Followed To The Letter (Category: Breaking News)
The government defaulted an interest payment of 78 million US dollar of a sovereign bond on May 19
- Cross Asian (Category: Business)
- S&P downgrades two Sri Lanka sovereign bonds to ‘D’ (Category: Breaking News)
- Sri Lanka sovereign rating at SD but ISBs downgraded to ‘D’ by S&P (Category: Breaking News)
- Reserve Investment (Category: Business)
Sri Lanka is struggling to find dollars to import fuel
- Twice rejected petrol released to the market in Sri Lanka (Category: Breaking News)
- Sri Lanka raises fuel prices by 7.5 percent (Category: Breaking News)
- Sri Lanka Petroleum Corporation calls for tenders to import fuel for six months (Category: Breaking News)
- Cabinet nod to allow specific sectors of economy to import fuel individually (Category: Breaking News)
Indian billion dollar credit line also works Undiyal fashion
- Sri Lanka removes ban on open account food imports (Category: Breaking News)
- Sri Lanka central bank deep in debt, dollar shortages at ‘guidance’ rate : Wijewardena (Category: Breaking News)
- Sri Lanka rates elevated amid failed float and DDR fears (Category: Breaking News)
- Sri Lanka CB takes on task finding dollars for food after open account ban (Category: Breaking News)
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