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The Australian government will lift emergency aid to Sri Lanka to AU$75 million as the south Asian island grapples with an economic crisis that has triggered a new surge of people fleeing on boats for Australia.
Stocks fell in the last two sessions on profit taking
- 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)
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)
Sri Lanka will ask Japan to invite the Indian Ocean island's main creditor nations, including China and India, to talks on bilateral debt restructuring, as it seeks a way out of its worst economic crisis in decades, its president said on Thursday.The post Sri Lanka to ask Japan to open talks on debt restructuring with key lenders appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - ...
- Sri Lanka could wrap up debt restructure talks by Sept, president says (Category: Breaking News)
- Sri Lanka already started ‘low level’ talks with India, China on debt restructuring – President (Category: Breaking News)
- Sri Lanka president to hold debt talks on France visit – sources (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
The website also recorded a surge in search traffic from countries such as the UK, Australia, US, Canada and UAE.
- Woman immolates self in Grandpass (Category: Breaking News)
- Cash Chief (Category: Business)
- US warns its citizens of Monday's demos in Lanka (Category: Breaking News)
- Underworld was behind the recent Colombo museum heist (Category: Breaking News)
Sri Lanka will ask Japan to invite the Indian Ocean island s main creditor nations, including China and India, to talks on bilateral debt restructuring, as it seeks a way out of its worst economic crisis in decades, its president said on Thursday.
He said inflation may peak around September below 70 percent before showing a downward trend.
- Sri Lanka’s headline inflation may rise to 70% in coming months – Central Bank of Sri Lanka (Category: Breaking News)
- Sri Lanka inflation bigger threat to business than interest rates: CB Governor (Category: Breaking News)
- Curtailing inflation critical to avert Zimbabwe-like scenario – CBSL Governor (Category: Breaking News)
- CB Governor sees light at the end of the tunnel (Category: Breaking News)
Sri Lanka’s National Security demands greater attention than during the history of the country ever since independence, the Defence Secretary General Kamal Gunaratne said on Wednesday (August 17).The post National Security demands greater attention unlike ever in history – Defence Secretary appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- General Kamal Gunaratne re-appointed as Defence Secretary (Category: Breaking News)
- China donates Rs. 5 million to the National Cadet Corps (Category: Breaking News)
- Australian High Commissioner discusses strengthening border security with Sri Lankan Defence Sec... (Category: Breaking News)
- IGP Deshabandu Tennakoon meets Defence Secretary Kamal Gunaratne (Category: Breaking News)
There has been no request to restructure domestic debt
- Govt. still undecided about domestic debt restructuring methods (Category: Breaking News)
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- Sri Lanka’s domestic debt won’t be restructured – CBSL Governor (Category: Breaking News)
- Special cabinet meeting called to discuss domestic debt restructuring process (Category: Breaking News)
ECONOMYNEXT – Sri Lanka’s central bank said it was holding its policy rates at 15.50 percent, while data showed market interest rates are close to twice the rate and private credit and imports falling. Monetary Policy Review: No. 06 – August 2022The Central Bank of Sri Lanka maintains policy interest rates at their current levelsThe Monetary Board of the Central Bank of Sri Lanka...
- Central Bank of Sri Lanka maintains policy interest rates unchanged (Category: Breaking News)
- Sri Lanka policy rate unchanged as market rates rise, money printing warnings (Category: Breaking News)
- Sri Lanka expects inflation to slow, rates unchanged (Category: Breaking News)
- Central Bank expects economy to contract in second half of 2022 as well (Category: Breaking News)
Trade, Commerce and Food Security Minister Nalin Fernando has revealed that about 30,000 tonnes of rice, imported to meet the shortfall in the market, have been used as animal feed. The disclosure was made at the inaugural meet of the Food Security Committee, held at the Ministry yesterday (17). Among those present were Secretaries to […]
- Prices of rice likely to increase  Agri. Minister (Category: Breaking News)
- Villagers allege Vavuniya officials wasted 2,000 kilos of rice from TN (Category: Breaking News)
- SL to Export Rice (Category: Breaking News)
- Minister Siyambalapitiya wants Lankans to eat less wheat (Category: Breaking News)
…questions mysterious cancellation of Japanese-funded LRT project By Shamindra Ferdinando Ruling party rebel lawmaker Prof. Charitha Herath says that the cancellation of the Japanese funded USD 1.5 bn light rail transit (LRT) project remains a mystery. The SLPP National List MP told The Island yesterday (17) that his efforts, in his former capacity as Chairman […]
- Colombo not on Japanese PM’s agenda (Category: Breaking News)
- Herath questions significance of SLPP second convention (Category: Breaking News)
- The Order of the Rising Sun conferred on former Governor of Central Bank, Sri Lanka (Category: Breaking News)
- APC on 13A: SLPP rebels reject President’s latest endeavour, ask govt. to speak with one voice (Category: Breaking News)
Govt. briefs international community ahead of Geneva sessions The government has assured the Colombo-based diplomatic community that the restoration of the provisions in the 19th Amendment, by the enactment of the 21st Amendment, would strengthen parliamentary democracy, enhance oversight of the executive branches of government and ensure independence of key institutions. The government also said ...
- Body blow to democracy (Category: Breaking News)
- Sajith: For whose benefit does govt. want to implement 13th Amendment fully? (Category: Breaking News)
- Ex- HRC Chairman warns against allowing one man show in governance if country to remain a democr... (Category: Breaking News)
- TISL condemns bid to revive lapsed LG bodies (Category: Breaking News)
By Hiran H.Senewiratne The entire government/ public sector ran on without accountability to their spending on various development projects, despite having a huge number of government servants, which runs into 1.5 million. That is why the country encounters a huge debt crisis that amounts to US $ 60 billion or Rs 70 trillion, Prof. Lakshman […]
- Tax payers look to tighten belts further or migrate as progressive taxes bite (Category: Breaking News)
- Corporate sector offers policymakers a blueprint for CPC reform (Category: Breaking News)
- Picture still blurry (Category: Breaking News)
- Economic Transformation Bill and Public Financial Management Bill presented to Parliament (Category: Breaking News)
Thursday 18th August 2022 Speculation is rife that former President Gotabaya Rajapaksa is planning to return to Sri Lanka. The question, however, is not whether he is coming, but what he is doing overseas. The anti-government protesters who engineered his ouster called upon him to ‘go home’; they did not ask him to flee the […]
- Dullas: Ranil making same mistakes as Gotabaya (Category: Breaking News)
- Gota to return on Saturday? (Category: Breaking News)
- President at beck and call of Rajapaksas – Sajith (Category: Breaking News)
- Kiriella alleges tax concessions granted to GR’s election funders (Category: Breaking News)
Coming on almost the eve of India’s 75th independence anniversary celebrations, the election of woman tribal leader Droupadi Murmu to the prestigious position of India’s President underscores afresh the country’s democratic credentials. While the historic Partitioning of India in 1947 drew attention to the endemic and destructive presence of identity politics in the Indian sub-continent, […]
- Identity issues intensify as polls fever grips South Asia (Category: Breaking News)
- Foreign policy implications for the South of Asia’s rise (Category: Breaking News)
- ‘The fascist threat’ and the South’s mounting travails (Category: Breaking News)
- Advisability of SL addressing India’s security concerns (Category: Breaking News)
By Dr Upul Wijayawardhana Scapegoat, according to the third book of the Torah and of the Old Testament – Leviticus, is the goat that was sent to the wilderness after the Jewish priest had symbolically laid all the sins of the people on it. It looks as if we had done the same to Gota, […]
- President hits out at politicians making promises without presenting any economic policies (Category: Breaking News)
- Survey claims Lankans deeply reject most politicians (Category: Breaking News)
- Heed people’s call for new political model (Category: Breaking News)
- Economic decisions cannot be taken by politicians  Namal (Category: Breaking News)
By Hiran H.Senewiratne The CSE turned negative yesterday due to profit- takings but during the last session the market showed some recovery on account of some stability in the macro- economic arena and on the political front in the country, stock market analysts said. Developments in favour of the market were: A UK trade arrangement […]
- Expolanka Holdings and Lanka IOC contribute to bulk of CSE turnover (Category: Breaking News)
- CSE upbeat on the election of Ranil Wickremesinghe to presidency (Category: Breaking News)
- Shares in mid-market slip; indices dip (Category: Breaking News)
- SG Holdings buys into Expolanka Holdings stocks, boosting net foreign inflow (Category: Breaking News)
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