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Sinopec Energy Lanka, a Beijing-based leading international petroleum company, has officially commenced its business operations in Sri Lanka by starting fuel supply at its first filling station in Sri Lanka established in Mattegoda, Colombo from yesterday (August 30).The post Sinopec officially begins operations in Sri Lanka with Rs. 3 discount offer appeared first on ONLANKA - Sri Lanka Latest Br...
- Sinopec officially begins fuel operations in Sri Lanka with discount offer (Category: Breaking News)
- Sinopec Lanka announces retail fuel prices for Sri Lanka (Category: Breaking News)
- Sinopec officially launches operations in Sri Lanka (Category: Breaking News)
- First Sinopec fuel cargo commence discharging (Category: Breaking News)
People’s Bank today announced the results for its six months ended June 30, 2023 reporting total consolidated operating income and pre-tax profit amounting to LKR 48.2 billion and LKR 9.4 billion, respectively (1H -2022: LKR 80.7 billion and LKR 15.2 billion). Due to higher interest costs; stemming from the high interest rate environment which prevailed […]
- ‘People’s Bank continues to demonstrate resilience despite extraordinarily limiting circumstances’ (Category: Breaking News)
- ‘People’s Bank continues to maintain steadfast performance’ (Category: Breaking News)
- People’s Bank reports consolidated profit after tax of LKR 4.6 billion (Category: Breaking News)
- Seylan Bank PAT surges 79% to LKR 4.49Bn for nine months of 2023 (Category: Breaking News)
By Shamindra Ferdinando Justice Minister Dr. Wijeyadasa Rajapakse, PC, declared in Parliament that the winners of LPL (Lanka Premier League) 2023 B-Love Kandy had been sponsored by an enterprise that was banned in the country. The statement was made in Parliament on 24th August. The one-time President of the Bar Association found fault with SLC […]
- In terms of RTI Act House releases names of MPs who voted for new law (Category: Breaking News)
- All praise for Lanka’s saviours! (Category: Breaking News)
- Prez should explain why he scrapped time-tested exchange controls – NFF (Category: Breaking News)
- Impact of foreign-funded projects on Parliament’s standing as sole sovereign and supreme body (Category: Breaking News)
Beijing [China], August 19 (ANI): Raising concerns regarding the financial crisis triggered by the downturn in China’s real estate market, Chinese investment firm Zhongrong Trust , which managed USD 87 billion worth of funds for corporate clients and wealthy individuals as of the end of 2022, had failed to pay the interest and principal on […]
- HSBC China fund JV to expand, internationalisation in focus (Category: Business)
- China to keep investing in euro zone debt – China c.bank gov. (Category: Business)
- Taiwan CB says hot money returning to markets (Category: Business)
- Ceybank Unit Trust pays Rs. 346 m as tax free dividend (Category: Business)
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)
Stating that multiple challenges confront the G20 grouping, External Affairs Minister S Jaishankar said that India adopted an unconventional approach to its Presidency, making it much more connected with people. A major highlight of the second day of the Think20 (T20) Summit in Mysuru on Tuesday was a virtual address by Jaishankar, followed by a […]
- Crisis in multilateralism affecting developing nations most: PM at G20 meet (Category: Breaking News)
- India hosts Iran’s deputy FM to push Eurasian link (Category: Breaking News)
- Many debt ridden countries, relying on India’s assistance (Category: Breaking News)
- Jaishankar Calls on Belgium PM; Discusses Growing Bilateral Cooperation on Trade, Technology (Category: Breaking News)
[…]The post The Economy & Politics: A Reality Check appeared first on Colombo Telegraph.
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- RW’s Remote-Control Economy (Category: Breaking News)
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- Why The Shock Over IMF’s Diagnostic Report? (Category: Breaking News)
KARACHI: Pakistan’s total debt and liabilities rose by 29 percent to Rs77.1 trillion in the fiscal year that ended on June 30, the central bank said on Wednesday, as the government borrowed heavily to finance its spending requirements. At the end of the last fiscal year, the country’s debt and liabilities, including domestic and foreign, […]
- Pakistan’s debt, liabilities soar to Rs 56.21 trillion in FY23 (Category: Breaking News)
- As economic situation looks gloomy in Pakistan, IMF advises strict measures (Category: Breaking News)
- Despite squeezing people, govt projects record high deficit (Category: Breaking News)
- Boom in bank borrowings to bridge Budget deficit (Category: Business)
With the provision of additional $2 billion time deposits from the Kingdom of Saudi Arabia (KSA) and $508 million as a guaranteed loan from China for Pakistan Air Force to inject “Dragon” multirole fighter aircraft Pakistan’s total foreign loans jumped up to $2.8 billion during the first month (July 2023) of the current fiscal year. […]
- IMF sees “challenging” outlook for Pakistan (Category: Business)
- Foreign powers want Pakistan to default like Sri Lanka – Pakistan Finance Minister (Category: Breaking News)
- Exchange rate standoff as IMF visits SL (Category: Business)
- Pakistan: Over USD 13 billion debt incurred in 10 months (Category: Breaking News)
Islamabad [Pakistan], August 17 (ANI): Pakistan’s total debt and liabilities have risen by 29 per cent to Rs 56.21 trillion in the fiscal year that ended on June 30, the country’s central bank said on Wednesday. This comes as the government borrowed heavily to finance its spending requirements, as per Dawn. Pakistan’s debt and liabilities […]
- Sri Lankan Government’s total debt by end November 2011 stands at Rs. 5.15 trillion (Category: Breaking News)
- Domestic Debt Restructuring: Another Time Bomb Clicking Down? (Category: Breaking News)
- Evil Is Not Mere Money Printing, But Unbridled Government Expenditure (Category: Breaking News)
- Sri Lanka’s government debt rises to Rs. 5,902 billion (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe has announced the swift implementation of a comprehensive plan to elevate the Arugam Bay tourist zone into a highly desirable destination for both local and international tourists, with the potential to generate substantial revenue.The post Sri Lanka President reveals strategic roadmap to transform ‘Arugam Bay’ into a high-income tourist destina...
- Ella Tourism Zone will be developed under a grand plan – President (Category: Breaking News)
- Sri Lanka President emphasizes progress in tourism sector, ready to provide required facilities (Category: Breaking News)
- President reveals plans to elevate Arugam Bay into high-income tourist hub (Category: Breaking News)
- Sri Lanka President visits Tangalle and Galle to assess revival of tourism in South Coast (Category: Breaking News)
By J. Edward Moreno Tremors in China’s real estate market are shaking the country’s economy, as well as the world, which has come to rely on China as a reliable engine of growth. Major developers are faltering as they face huge losses, struggle with mountains of debt and miss payments to lenders. A long-running building boom […]
- Protest in China’s Henan underscore risks bank faces as real estate sector continues to struggle (Category: Breaking News)
- China delays key economic data releases amid Communist party congress (Category: Breaking News)
- China’s economy is in trouble. Here’s what’s gone wrong (Category: Breaking News)
- Ditched by Communist Party, Chinese billionaire loses 93 per cent of his fortune (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part V appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
The demand for imports in Sri Lanka continues to remain subdued, although a significant share of import restrictions has already been relaxed, the Central Bank of Sri Lanka said. The Central Bank said that the tight financial conditions was the cause for the subdued demand for imports in Sri Lanka. “Although a significant share of […]
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
- Central Bank of Sri Lanka decides to maintain policy rates (Category: Breaking News)
- Central Bank decides to continue with tight monetary policy (Category: Breaking News)
- CBSL’s decision to raise policy rates in line with IMF expectations (Category: Breaking News)
Agriculture Minister Mahinda Amaraweera has assured that the country has ample stocks of rice that can sustain the upcoming Maha cultivation season.
[…]The post Naked King & The Crumbling State: Seven Decades Of Fake Saviours appeared first on Colombo Telegraph.
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- Machiavellians Tend To Be Demonic: Stuck Between A Rock & A Hard Place (Category: Breaking News)
- True Meritocracy Not The Sham Of All Party Mediocracy (Category: Breaking News)
- Corruption & Psychopathic Tendencies: Pet Dogs, Incompetency & Beds To The Foray (Category: Breaking News)
By The Coca-Cola Company, Managing Director – Sri Lanka & the Maldives, Pankaj Sinha Coca-Cola, with its 62-year presence in Sri Lanka, has remained committed to supporting this beautiful country through its challenges. As someone who has made Sri Lanka his home since 2019, and seen the country grapple with natural disasters, acts of terrorism, and […]
- Coca-Cola’s Christmas Spirit – Your Festive Sip Comes with Gifts! (Category: Breaking News)
- Coca-Cola appoints Kaushali Kusumapala as Country Director for Sri Lanka and Maldives (Category: Breaking News)
- Coca-Cola’s free tumbler with every 1.5L and 2L Coke or Sprite PET bottle (Category: Breaking News)
- Coca-Cola and the art of embracing local flavors: A journey through Sri Lankan cuisine (Category: Breaking News)
International Chamber of Commerce Sri Lanka (ICC Sri Lanka) hosted its third annual Arbitration Conference on August 3rd, 2023, at the Galadari Hotel in Colombo. The International Chamber of Commerce (ICC Paris) is celebrating 100 years of the ICC International Court of Arbitration this year. Since the inception of the ICC Court in 1923, they […]
- Chair of the International Chamber of Commerce arrives in Sri Lanka (Category: Breaking News)
- Maria Fernanda Garza, Chair of the International Chamber of Commerce (ICC), to Visit Sri Lanka (Category: Breaking News)
- Sri Lanka notes importance of IHL in post-conflict situations (Category: Breaking News)
- ICC Sri Lanka Celebrates the Most Admired Companies of 2022 (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
[…]The post Change Flight From Stability With Stagnancy appeared first on Colombo Telegraph.
- Resisting Elections Will Worsen Dissent (Category: Breaking News)
- Supreme Court Shows Democratic Route To Government (Category: Breaking News)
- Preparing The Ground For Early Elections (Category: Breaking News)
- New Mandates Before New Amendments (Category: Breaking News)
Sri Lanka’s consumer inflation rate more than halved to 4.6% year-on-year in July, helped by falling food prices, the statistics department said on Monday.The post Sri Lanka’s July consumer inflation more than halves to 4.6% appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s inflation climbed to 60.8% in July – CCPI (Category: Breaking News)
- Sri Lanka’s inflation increases to 66.7% in July (Category: Breaking News)
- Inflation in Sri Lanka drops to single-digit levels in July (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 4% in August (Category: Breaking News)
Sri Lanka has finally started paying back the $200 million it took from Bangladesh in a currency swap agreement in August 2021, more than a year and a half later than the original agreed date. On August 17, Sri Lanka sent $50 million to Bangladesh, which is the first instalment of the payment, according to Md Mezbaul […]
- Bangladesh says Sri Lanka paid back another $100m (Category: Breaking News)
- Bangladesh gives Sri Lanka more time to repay $200 million loan (Category: Breaking News)
- Sri Lanka pays off $200m loan from Bangladesh with $4.5m interest (Category: Breaking News)
- Bangladesh gives Sri Lanka 6 more months to repay $200m loan (Category: Breaking News)
By Jehan Perera The situation in the country, particularly with regard to the economy and politics, can be described as stable but stagnant. The economy is stable in that it has not experienced further collapse in comparison to the kind witnessed last year when international bankruptcy was admitted. But the economy still continues to contract, […]
- Electionsand economy (Category: Breaking News)
- Electionsand economy (Category: Breaking News)
- Supreme court nudges govt., to democracy (Category: Breaking News)
- Electoral process also an essential service (Category: Breaking News)
Monday 21st August, 2023 Much is being talked about ‘pyramids’ and ‘islands’, of all things, these days. Another pyramid scheme has reportedly collapsed, and those who have lost their money are letting out howls of protests via social media. The Central Bank, from time to time, issues severe warnings to the public about such frauds, […]
- Blight of black money (Category: Breaking News)
- Choosing poison (Category: Breaking News)
- Aiyo, Aragalaya! (Category: Breaking News)
- Guns in closets (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe highlighted that the tourism industry stands as the paramount sector capable of swiftly advancing the country’s economic objectives.The post Sri Lanka President emphasizes progress in tourism sector, ready to provide required facilities appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- India continues to top number of visitors to Sri Lanka (Category: Breaking News)
- President moots ‘Greater Yala’ concept to boost tourism (Category: Breaking News)
- Two million tourists and a revenue of US $ 06 billion expected in 2024 – Minister of State for T... (Category: Breaking News)
- Sri Lanka to target 5 million tourist arrivals a year (Category: Breaking News)
President Ranil Wickremesinghe has mooted the ‘Greater Yala’ concept which will promote Yala and areas around it. Speaking after inaugurating the Hilton Yala Resort, the President said that Yala must be promoted as a unified tourist destination by incorporating nearby areas. “Why are you going to call these places Udawalawe, Kumana and all? These are […]
- India continues to top number of visitors to Sri Lanka (Category: Breaking News)
- Sri Lanka to target 5 million tourist arrivals a year (Category: Breaking News)
- Singapore’s Prime Minister keen to deepen ties with Sri Lanka (Category: Breaking News)
- IMF MD and Ranil review progress on restructuring Sri Lanka’s debt (Category: Breaking News)
Government authorities must consult vehicle importers when making decisions on relaxing an ongoing import ban, President of the Vehicle Importers’ Association Indika Sampath Merinchige said. Welcoming a recent announcement by the government that it will scrap an import ban on several types of commercial vehicles, Merinchige told reporters on Monday August 14 that the authorities […]
- Restrictions on vehicle imports to be relaxed by next year  Semasinghe (Category: Breaking News)
- Govt still lukewarm in allowing vehicle imports wary of balance of trade (Category: Breaking News)
- Vehicle import restrictions to be lifted only after thorough analysis - state minister (Category: Breaking News)
- More vehicles for MPs (Category: Breaking News)
[…]The post Bold Buddhists & Progressive Tamils Must Interface: A Second Trump Term Poses Intrinsic Dangers Everywhere appeared first on Colombo Telegraph.
- Is Trump Likely To Be The Next American President? (Category: Breaking News)
- Trump Checks-Out Of His Job (Category: Breaking News)
- Trump Checks-Out Of His Job (Category: Breaking News)
- Trump Checks-Out Of His Job (Category: Breaking News)
Property giant Evergrande has filed for bankruptcy protection in the US as the real estate crisis in China deepens. It will allow the heavily-indebted company to protect its assets in the US as it works on a multi-billion dollar deal with creditors. Evergrande defaulted on its huge debts in 2021, which sent shock-waves through global […]
- China’s debt outlook downgraded as economy slows (Category: Breaking News)
- Thousands arrested in Sri Lanka’s week-long anti-drug operation (Category: Breaking News)
- Beijing subway crash leaves 102 with broken bones (Category: Breaking News)
- Russian court bans ‘LGBT movement’ (Category: Breaking News)
[…]The post Is Sri Lanka Ready For The Climate Conference? appeared first on Colombo Telegraph.
- Forget The politicians & Their Bureaucrats, This Is Why We The Public, Need To Understand Climat... (Category: Breaking News)
- An Oxygen Economy (Category: Breaking News)
- The Urgent & Critical Issues Related To Climate Change (Category: Breaking News)
- Forget The politicians & Their Bureaucrats, This Is Why We The Public, Need To Understand Climat... (Category: Breaking News)
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