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Foreign flows into Sri Lanka stocks turned into net inflow on Wednesday
President Wickremesinghe through interim budget expects 2.5 million tourists in 2023.
[…]The post Failed Economy: Bribery & Corruption To Maintain Power appeared first on Colombo Telegraph.
Wickremesinghe is budgeting in a sea of monetary instability
Market up for the first time in six straight sessions
Sri Lankan President Ranil Wickremesinghe has started presenting the Interim Budget Speech 2022 at 01:03 PM today (August 30).The post Sri Lanka’s Interim Budget Speech 2022 appeared first on ONLANKA News - Latest Breaking News in Sri Lanka - Sri Lanka News.
Sri Lanka stocks gained to four month high early this month on political stability hope
Opposition Leader Sajith Premadasa made a revelation regarding a deal in which Sri Lanka is set to spend 1.5 Billion USD, exceeding the market value for 4.5 million metric tonnes of coal.The post Sri Lanka’s Opposition Leader questions Government’s coal deal appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
By N Sathiya Moorthy After a steep, 75-per cent hike in power-tariffs, the government has now announced increased charges for water and drainage charges. Though brought down after a steeper increase at the peak of fuel-shortage, the transport fares too are not going to be the same even as much as they had become in […]
[…]The post War On China? – VI: India & The US: Forward Policy & The Brzezinskian Project appeared first on Colombo Telegraph.
By Easwaran Rutnam Several foreign companies have made offers to import and sell fuel in Sri Lanka. Minister of Power and Energy Kanchana Wijesekera said that 24 company’s from the UAE, Saudi Arabia, USA, China, India, Russia, UK, Malaysia, Norway and the Philippines have submitted proposals for the Expression of Interest (EOI) to engage in […]
Industry experts say 70% of government construction projects are on hold now.
There will be selling ahead of the interim budget on August 30
The government also banned rackets although eliminating rackets may be a tough nut to crack
The United Kingdom (UK) has relaxed the travel advice on Sri Lanka. The UK Foreign and Commonwealth Office said that the UK no longer advises against all but essential travel to Sri Lanka. The updated travel advice notes that Sri Lanka is experiencing a severe economic crisis which has led to shortages of basic necessities including […]
"This is a positive step and I am positive that the winter tourism season will perform well."
The Norwegian Ministry of Foreign Affairs has cancelled the travel advisory which advised against all travel to Sri Lanka that is not strictly necessary.The post Norway lifts travel advisory against Sri Lanka, but urges citizens to follow developments appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
The UK no longer advises against all but essential travel to Sri Lanka
ASPI lost 183 points
The main All Share Price Index (ASPI) fell 0.66%
Sri Lanka is urging China to dramatically change its stance on debt relief, President Ranil Wickremesinghe told Nikkei Asia in an exclusive interview, conceding that reaching a deal will be no simple task. The appeal to China, the bankrupt Indian Ocean nation’s largest bilateral lender, has emerged as a formidable challenge to Wickremesinghe, who is […]
Sri Lanka is urging China to dramatically change its stance on debt relief, President Ranil Wickremesinghe told Nikkei Asia in an exclusive interview, conceding that reaching a deal will be no simple task.The post Sri Lanka urges China to change tune on debt appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
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 has the fifth highest food price inflation in the world, according to the latest World Bank Food Security assessment. Sri Lanka is only behind Lebanon, Zimbabwe, Venezuela and Turkey, according to the World Bank. The Food Security Update states that there is high food inflation in almost all low and middle-income countries. Sri […]
Lithium batteries remain on the banned list
The energy and plantation sector is gaining pace again
Sri Lanka ranked 5th among the 10 countries with the highest food price inflation in the latest World Bank assessment.The post Sri Lanka among top 5 countries with highest food price inflation – World Bank appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Sri Lanka is among the top 10 countries with the highest food price inflation. The latest World Bank assessment places Sri Lanka at number 5 among countries hardest hit by food price inflation. Lebanon is leading the list followed by Zimbabwe, Venezuela and Turkey. Iran, Argentina, Suriname, Ethiopia, and Moldova and behind Sri Lanka. The […]
India has given Sri Lanka import credit lines and also deferred payments under the Asian Clearing Union
Market sees foreign inflows