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The Supreme Court has reserved the order on issuing notice to the Ceylon Electricity Board (CEB) and other relevant parties over the contempt case filed by the Human Rights Commission of Sri Lanka (HRCSL) accusing them of contempt by violating an order issued by commission to refrain from imposing power cuts during..
Sri Lanka has the potential to establish the green economy, specially by way of renewable energy, said President Ranil Wickremesinghe addressing a High-Level event on Strategies and Actions to Accelerate Sri Lanka’s Transition to a Green Growth Pathway.The post Sri Lanka has initiated an action plan to ensure a Green Economy by 2050 – President appeared first on Sri Lanka News - Latest Break...
[…]The post Economy, 13th Amendment & System Change appeared first on Colombo Telegraph.
[…]The post The Central Bank Rejected U.S. Billionaire’s Bitcoin Pitch appeared first on Colombo Telegraph.
Sri Lanka is expected to repay Bangladesh a $200 million loan by September this year, Bangladesh Foreign Minister AK Abdul Momen said. Abdul Momen told reporters that Sri Lanka is gradually recovering from an economic crisis. “Sri Lanka is gradually doing better. They are recovering slowly. We have given them time till September (to repay […]
[…]The post Bankrupt Sri Lanka Celebrated Independence, But Now It Is Back To Hard Economic Realities appeared first on Colombo Telegraph.
[…]The post 75 Years Of Independence: A Tale Of Two Compacts & Two Economies appeared first on Colombo Telegraph.
Rather than jabbing fingers at China’s close cooperation with Sri Lanka, the US might as well show some sincerity and actually do something to help Sri Lanka weather through the current difficulties, Chinese Foreign Ministry Spokesperson Mao Ning said in her Regular Press Conference on Thursday (02). She said this in response to a question […]
By Hiran H. Senewiratne CSE trading activities were positive from the beginning yesterday and shares rosé to register their highest close in more than three and a half months. Of particular importance was the news that Paris Club members had expressed their willingness to provide financial assurances on Sri Lanka’s debt restructuring effort. This had […]
Bank of Ceylon, bringing forth its innate commitment towards Sri Lanka, introduces “BOC My Sri Lanka” Foreign Currency Fixed Deposit account that offers attractive incentives to the account holder while encouraging them to enhance the country’s foreign currency position. The immediate purpose of this initiative is to facilitate the collaborative effort of enhancing the country’s [̷...
China’s government on Friday confirmed it is offering Sri Lanka a two-year moratorium on loan repayments as the Indian Ocean island nation struggles to restructure $51 billion in foreign debt that pushed it into a financial crisis.The post China confirms two-year debt moratorium offer for Sri Lanka appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
China today (Feb. 03) confirmed that its Export-Import Bank is offering Sri Lanka a two-year moratorium on loan repayments.
Sri Lanka’s international bondholders group was prepared to engage with the island nation’s authorities in debt restructuring talks consistent with the parameters of the IMF Programme, their legal adviser, White & Case LLP, said.The post Sri Lanka bondholders ready for debt restructuring talks with authorities appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News...
Chinese Foreign Ministry Spokesperson Mao Ning has replied to comments made by Under Secretary of State for Political Affairs of the United States, Victoria Nuland.The post China responds to Victoria Nuland’s comment on Debt Relief to Sri Lanka appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Review Of Dr W.A Wijewardena’s Book ‘A Child’s Guide To Ranilnomics, Cryptos & Currency Boards’ appeared first on Colombo Telegraph.
[…]The post Sri Lanka: Surviving The 75th Year Of Independence appeared first on Colombo Telegraph.
[…]The post Seventy Five Years Of Independence Or Curse appeared first on Colombo Telegraph.
By Sanath Nanayakkare Small and medium exporters want the Central Bank (CBSL) to give them greater leeway on converting advance payments, they receive from their foreign clients, for confirmed export orders, into rupees. “Under the existing export repatriation guidelines, we are required to convert such advance payments, into Sri Lanka rupees, within a time frame […]
Pakistan is gripped by a major economic crisis, with the rupee plummeting, inflation soaring and energy in short supply as IMF officials visit to discuss a vital cash injection.The post ‘We’ll end up like Sri Lanka’: Pakistan stares at economic collapse as IMF visits appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.