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Sri Lanka has paid off the entirety of USD $200 million loan from Bangladesh, taken through a currency exchange agreement two years ago to survive the severe dollar shortage. In the last instalment, Sri Lanka paid about $50 million and $4.5 million in interest on the loan on Thursday night, a senior official of Bangladesh […]
- Bangladesh says Sri Lanka paid back another $100m (Category: Breaking News)
- Bangladesh did not expect Sri Lanka to pay back the loan so fast (Category: Breaking News)
- Bangladesh gives Sri Lanka more time to repay $200 million loan (Category: Breaking News)
- Zelenskyy says Ukraine has delivered grain to Sri Lanka (Category: Breaking News)
The Chinese spy ship ‘Shi Yan 6’ has entered the Malacca strait, bound for Colombo, amid confusion over whether Sri Lanka has granted access for the spy vessel to dock at Colombo. According to reports last month, the Sri Lankan Defence Ministry has granted Shi Yan 6 access to dock at Colombo port. However, the Sri Lankan […]
- Sri Lanka approves request to dock Chinese Research / Survey Vessel Shi Yan 6 (Category: Breaking News)
- Chinese research vessel ‘Shi Yan 6’ to dock in Colombo today (Category: Breaking News)
- Chinese research vessel permitted to make port call in Sri Lanka in Nov. (Category: Breaking News)
- Sri Lanka grants Chinese vessel 48 hours to conduct marine research (Category: Breaking News)
[…]The post System Change Happening In Wrong Direction appeared first on Colombo Telegraph.
- Overstressing The Proposed Truth & Reconciliation Commission (Category: Breaking News)
- From Demand For Systems Change To Systems Break (Category: Breaking News)
- Time For Truth Come Out (Category: Breaking News)
- The Missing Ingredients To Come Out Of The Economic Rut (Category: Breaking News)
Sri Lanka's key inflation rate eased to 4% in August from 6.3% a month ago, the statistics department said on Thursday, marking continued stabilisation for the crisis-ridden economy.The post Sri Lanka’s key inflation rate eases to 4% in August appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka’s key inflation rate surges to record, keeps central bank pressured (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 35.3% in April (Category: Breaking News)
H.J.M Seneviratne, 63, slices through yellowed paddy stems dried out by a drought that has destroyed over 95% of his crop and is threatening crisis-hit Sri Lanka's summer rice harvest.The post Drought dents Sri Lanka’s economic hopes, farmers’ livelihood appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Paddy farmers’ problems (Category: Business)
- Sri Lanka may halt rice imports to maintain farmgate paddy prices: Minister (Category: Breaking News)
- Bumper paddy harvest and the consumer (Category: Business)
- Substituting Rice For Malt (Category: Breaking News)
Sri Lanka’s largest bilateral creditor, China, has assured the island nation its help in effectively addressing the debt challenges as it has to finalise the external and domestic debt restructuring of a whopping USD 41 billion by September before the IMF’s first review. The International Monetary Fund (IMF) is set to conduct its first review […]
- Sri Lanka’s debt restructuring likely to be complete by September – IMF (Category: Breaking News)
- China only observer in Sri Lanka’s debt restructuring platform (Category: Breaking News)
- Sri Lanka expects major debt restructuring deals as IMF to review bailout - report (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
[…]The post Debterioration Of Nations Social Security & Protection appeared first on Colombo Telegraph.
- Covid-19 Vaccination: Who Gets, When And How? (Category: Breaking News)
- Covid-19 Vaccination: Who Gets, When And How? (Category: Breaking News)
- Failing Banks, French Turmoil & Sri Lanka’s Contraction & Confusion (Category: Breaking News)
- Sri Lanka’s Economic Crisis: Social Security In A Stake (Category: Breaking News)
The IMF will conduct the first review of the $2.9 billion bailout to Sri Lanka from September 11-19, state minister of finance Ranjith Siyambalapitiya said on Saturday and declared that the country has successfully fulfilled the nine conditions set by the global lender.The post IMF to conduct bailout review for Sri Lanka in September appeared first on ONLANKA - Sri Lanka Latest Breaking News and T...
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF staff to visit Sri Lanka in September for first programme review (Category: Breaking News)
- IMF begins second review of Sri Lanka’s bailout package today (Category: Breaking News)
- IMF team in Colombo this week for first review of Extended Fund Facility (Category: Breaking News)
Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the country's central bank, Nandalal Weerasinghe, said at a LSEG FX Community Event on Monday.The post Sri Lanka central bank chief: monetary policy transmission still incomplete appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka signals pause after four rate cuts as IMF loan awaited (Category: Breaking News)
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
- Sri Lanka’s Central Bank Chief says Money printing has drastically reduced in 2022 (Category: Breaking News)
By N Sathiya Moorthy If someone thought that President Ranil Wickremesinghe was funny about it, he was not. If anything, it sounded more Quixotic than possibly predecessor Gotabaya Rajapaksa’s misadventure with ‘organic farming’. According to reports, at an official meeting the other day, Wickremesinghe asked Health Ministry officials to devise a strategy to seek compensation […]
- GMOA Presents Proposal to President addressing Healthcare Challenges and Brain Drain (Category: Breaking News)
- Indian tourists visiting Sri Lanka can pay in INR (Category: Breaking News)
- Catholic priest claims key information shared with CID (Category: Breaking News)
- Ranil assures to protect rights of children and elderly (Category: Breaking News)
Cassandra in her Friday Cry-s has often noted with deep gratitude that nature has been benevolent to suffering, down and almost out Sri Lanka. Forest fires due to intemperate temperature in usually cool climes; sudden floods due to torrential rains; erupting volcanoes and earthquakes have all assiduously avoided troubling poor little Sri Lanka struggling against […]
- ADB to provide Rs 10 billion for local paddy cultivators to buy MoP this Maha (Category: Breaking News)
- Arrogance of power (Category: Breaking News)
- The drought, Mahaveli waters and the farmer (Category: Business)
- Reservoirs run dry with no rains, country heading for electricity crisis (Category: Breaking News)
At first glance, life in Sri Lanka's financial capital Colombo looks deceptively normal.The post Is the worst over for Sri Lanka’s economic crisis? appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- USAID Administrator Samantha Power arrives in Sri Lanka (Category: Breaking News)
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka hit by record brain drain, but some stay to rebuild (Category: Breaking News)
By Dr. C. S. Weeraratna (csweera@sltnet.lk) Poverty is a condition characterized by severe deprivation of basic human needs, such as food, shelter, safe drinking water, sanitation facilities, health, and education. Various criteria are used to measure poverty. The most commonly used is based on incomes. A person is considered poor if his or her income level […]
- Urban poverty triples in Lanka (Category: Breaking News)
- Pro-poor growth and Economic growth in Sri Lanka - A critical analysis (Category: Breaking News)
- Deteriorating rural economy, and food security (Category: Breaking News)
- Overcoming Food Insecurity (Category: Breaking News)
[…]The post The Misunderstood Taxation Of EPF & Other Superannuation Funds appeared first on Colombo Telegraph.
- The Apologetic Custodian Of The EPF Is Also A Victim (Category: Breaking News)
- Economy 2024: More Challenging Than The Two Previous Years (Category: Breaking News)
- EPF asked to pay 30% tax unless it participates in domestic debt restructuring process (Category: Breaking News)
- Central Bank informs EPF members: “decided to opt for” DDO (Category: Breaking News)
Udeni Kaluthantri, a 54-year-old port worker, became an overnight sensation last year for reasons that had nothing to do with his job. Days after protesters stormed the presidential palace in the Sri Lankan capital Colombo, a video surfaced of Mr Kaluthantri lounging on a bed draped with the presidential flag. Pictures of young men jumping […]
- Brazil’s President vows to punish rioters who stormed Congress (Category: Breaking News)
- Mass arrests in Brazil as President condemns ‘terrorist’ riots (Category: Breaking News)
- Pakistan’s Supreme Court rules Imran Khan arrest was illegal (Category: Breaking News)
- A divided Japan bids farewell to its slain ex-PM (Category: Breaking News)
Sri Lanka is set to start bartering tea to Iran next month in lieu of $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit country tries to lift sales to a key market and protect its forex reserves.The post Sri Lanka set to start tea-for-oil barter with Iran next month appeared first on ONLANKA - Latest Breaking News updates on Sri Lanka.
- Sri Lanka settles US$ 20 million Iranian oil debt with tea (Category: Breaking News)
- Sri Lanka set to start tea-for-oil barter with Iran next month (Category: Breaking News)
- Lankan, Iranian officials discuss how to boost SL tea exports (Category: Breaking News)
- Iran to double tea imports from SL (Category: Breaking News)
[…]The post Wickremesinghe Safeguards The Rajapaksas; Mega Business Safeguards Wickremesinghe? appeared first on Colombo Telegraph.
- Calm Before The Storm! Aragalaya -’22 Has Rested Enough!!! (Category: Breaking News)
- Multiple Choice Or A Binary Option? (Category: Breaking News)
- Ranil Vs. AKD: Who Will Blink First? (Category: Breaking News)
- A Government Without The Wickremesinghes & Rajapaksas (Category: Breaking News)
By Prabhat Patnaik After Sri Lanka and Pakistan, Bangladesh has become the third country in our neighbourhood to become afflicted by a serious economic crisis. It has asked for a $4.5 billion loan from the IMF, apart from $1 billion from the World Bank and $2.5-3 billion from multilateral agencies and donor nations. Though the […]
- A stitch in time saves nine - Facing the short-term economic challenges (Category: Business)
- Achieving economic goals amidst global challenges (Category: Business)
- After Lanka and Pakistan, now Bangladesh lines up before IMF for bailout (Category: Breaking News)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
A highly appreciative skill of the Pakistani administration is their extensive theatricals which can deceive the most intelligent of men. Lengthy speeches in the parliament are converted into minutes packed with wise counsel. After collecting enough praises and spewing venom on the opposition, they end up ultimately doing what they would do anyway — putting […]
- Pakistan’s election chaos casts shadow on next IMF deal (Category: Breaking News)
- IMF promises Pakistan ‘immediate’ release of $1.1bn loan after key meet (Category: Breaking News)
- Pakistan, IMF reach staff-level deal to release $1.1bn from bailout package (Category: Breaking News)
- Target Tool (Category: Business)
[…]The post The Food Crisis In Sri Lanka: Why We Must Act Now! appeared first on Colombo Telegraph.
- Japan provides $ 4.6 Million through FAO to boost paddy production in Sri Lanka (Category: Breaking News)
- Japan provides $ 4.6 million through FAO to boost paddy production in Sri Lanka (Category: Breaking News)
- Drought dents Sri Lanka’s economic hopes, farmers’ livelihood (Category: Breaking News)
- EU and FAO launch initiative to improve paddy farming in Sri Lanka (Category: Breaking News)
By N Sathiya Moorthy How come a ‘poor’ in Asia is also among the ‘miserable’ in the world? But it is possible, as two economic surveys of nations have shown, coming as they do almost simultaneously. A certain Hanke’s Annual Misery Index (HAMI) 2022 has ranked Sri Lanka as the 11th […]
- Pulling out the woollens when it is winter elsewhere, still (Category: Breaking News)
- Paris Club proposes 10-year moratorium for Sri Lanka (Category: Breaking News)
- Türkiye says tensions between great power rivalries affected Sri Lanka (Category: Breaking News)
- India surpasses China as largest lender for Sri Lanka (Category: Breaking News)
[…]The post Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century appeared first on Colombo Telegraph.
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpo... (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
[…]The post Inflation, Interest Rate & Imperialism appeared first on Colombo Telegraph.
- IMF Forecasts & Systemic Crisis (Category: Breaking News)
- RW’s National Policy & National Council (Category: Breaking News)
- Politics Of Easter Investigation In A Wriggling Economy (Category: Breaking News)
- Political Buddhism & Corruption: The Unholy Twins (Category: Breaking News)
Sri Lanka expects to host 1.55 million visitors and earn 2.7 billion Sri Lankan rupees ($8.4 million) in much-needed tourism revenue this year, as it maps a road to the recovery of its tourism sector amid its worst economic crisis in decades.The post Sri Lanka expects cash infusion from 1.5 million tourists in 2023 for crisis-hit economy appeared first on Sri Lanka Breaking News and Top Headlines ...
- Sri Lanka looks to adventure travel to attract ‘quality’ tourists and help rebuild economy (Category: Breaking News)
- Indian cruise ship to launch operations to Sri Lanka (Category: Breaking News)
- Analysis: A year later, Sri Lanka’s tentative economic recovery eludes the poor (Category: Breaking News)
- Tourist arrivals in Sri Lanka cross 200,000 in December (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe addressed the United National Party (UNP) May Day celebrations held at the Sugathadasa Indoor Stadium in Colombo yesterday (May 01) through video technology.The post Sri Lanka President says Let 2048 be the year of development for Sri Lanka appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
- Let us collectively join hands to make 2048 the year of development in Sri Lanka – President (Category: Breaking News)
- President to intensify focus on national unity, youth aspirations (Category: Breaking News)
- Elections will be held in accordance with the Constitution, Presidential poll in 2024 – President (Category: Breaking News)
[…]The post Is The Central Bank On Its Way To Technical Insolvency? appeared first on Colombo Telegraph.
- A Child’s Guide To Currency Board Systems: Has The Monetary Board Failed The Nation? (Category: Breaking News)
- Who Has Printed The Biggest Quantity Of Money? Lakshman, Cabraal Or Nandalal? (Category: Breaking News)
- Has The Economy Been Assassinated & If So, Who Were The Assassins? (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: The Performance Of Ceylon’s Currency Board (Category: Breaking News)
By Shamindra Ferdinando SLPP MP Prof. G. L. Peiris has found fault with the International Monetary Fund (IMF) for not paying sufficient attention to waste, corruption and economic mismanagement under the Rajapaksa-Wickremesinghe administration. The former External Affairs Minister emphasised the responsibility on the part of the lending agency to address these issues, particularly against the [...
- GL: Suspension of IMF bailout highlights failure to meet anticipated revenue targets (Category: Breaking News)
- GL: Constitutional constraints prevent President from holding snap presidential election (Category: Breaking News)
- Now, Opposition wants Finance Secy. hauled up before Privileges Committee (Category: Breaking News)
- GL: Cost of living intolerable, street protests inevitable (Category: Breaking News)
Sri Lanka's National Consumer Price Index (NCPI) (LKNCPI=ECI) eased to 49.2% year-on-year in March, after a 53.6% rise in February, the statistics department said on Friday.The post Sri Lanka consumer inflation dips to 49.2% year-on-year in March appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s consumer inflation eases in May 2023 (Category: Breaking News)
- Sri Lanka’s inflation eases to 2.5% in March 2024 (Category: Breaking News)
- Sri Lanka’s consumer inflation dips to 33.6% in April (Category: Breaking News)
- Food inflation in Sri Lanka drops to 47.6% in March (Category: Breaking News)
A shortage of a cash bundle worth Rs 5 million was discovered in a vault of the Central Bank of Sri Lanka (CBSL) on 11 April, during the currency operations.
Sri Lanka’s sovereign lenders have yet to inform the government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the central bank governor told Reuters in an interview on Tuesday.The post Sri Lanka central bank chief says sovereign lenders yet to outline debt talks plans appeared first on Sr...
- Sri Lanka’s sovereign lenders yet to outline debt talks plans (Category: Breaking News)
- Sri Lanka gives China deal details, keeping IMF aid on track (Category: Breaking News)
- No more second chances to stabilize country s economy- CBSL governor (Category: Breaking News)
- Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy (Category: Breaking News)
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