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The Central Bank of Sri Lanka (CBSL) has warned of stern action against market players who fail to fully comply with foreign exchange regulations. Issuing a statement, CBSL said that the bank and the Government have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor […]
- Central Bank assures foreign exchange to import essential goods (Category: Breaking News)
- CBSL reiterates importance of ‘fair play’ by all stakeholders of economy in countering economic ... (Category: Breaking News)
- Indian Rupee not a legal tender in Sri Lanka for domestic payments (Category: Breaking News)
- Sri Lanka further relaxes Foreign Exchange Regulations (Category: Breaking News)
By Shiran Ranasinghe and Sanath Nanayakkara The Ceylon Petroleum Corporation (CPC) has still not paid for a ship carrying 40,000 tonnes of diesel that had arrived in Colombo Port on 16 July 16. The CPC has to pay 52 million dollars to the Dubai based Coral Energy before unloading the diesel. Moreover, the CPC also […]
- Kanchana admits consumers charged Rs. 50 per litre of fuel to settle USD 700 mn Indian loan (Category: Breaking News)
- SJB unionist: IOC and Sinopec benefit from special levy on fuel to recover CPC losses (Category: Breaking News)
- CPC urges public not to believe rumours of fuel shortages (Category: Breaking News)
- Low quality crude has resulted in 22% drop in diesel production (Category: Breaking News)
Until an adequate macroeconomic policy framework is in place, the World Bank does not plan to offer new financing to Sri Lanka, it was announced yesterday.Issuing a statement, the World Bank said that a macroeconomic policy framework requires deep structural reforms that focus on economic stabilisation, and also on addressing the root structural causes that […]
- Rising Risk (Category: Business)
- ICT Boost (Category: Business)
- SME Credit (Category: Business)
- Helping Hand (Category: Business)
Food prices up 90 percent over 12 months
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
Until an adequate macroeconomic policy framework is in place, the World Bank does not plan to offer new financing to Sri Lanka, the World Bank said today. The World Bank said the macroeconomic policy framework requires deep structural reforms that focus on economic stabilization, and also on addressing the root structural causes that created this […]
- No annual bonus for CEB employees this year (Category: Breaking News)
- World Bank approves $700 million in financing support for Sri Lanka (Category: Breaking News)
- New Foreign Minister promises to deliver (Category: Breaking News)
- PUCSL Chairman claims fuel price can be reduced further (Category: Breaking News)
The World Bank Group says it is deeply concerned about the dire economic situation and its impact on the people of Sri LankaThe post No new financing to Sri Lanka until macroeconomic policy framework is ready – World Bank appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- No new financing for Sri Lanka without macroeconomic policy framework – World Bank (Category: Breaking News)
- World Bank releases additional USD 250 million for Sri Lanka to sustain economic reforms (Category: Breaking News)
- No new financing for Sri Lanka without macroeconomic policy framework - WB (Category: Breaking News)
- World Bank suspends financing to Sri Lanka (Category: Breaking News)
Sovereign default together with increasing economic challenges poses significant downside risks to DFCC's profitability
- Sri Lanka’s Bank of Ceylon downgraded to RD (Category: Breaking News)
- Sri Lanka’s NDB downgraded to ‘A(lka)’ amid soft-peg collapse (Category: Breaking News)
- Fitch affirms rating on 15 Sri Lankan Banks – Removes Watch Negative (Category: Breaking News)
- Sri Lanka Singer Finance downgraded, four on rating watch: Fitch (Category: Breaking News)
[…]The post ‘Ranil Resign!’: Awaken Aragalaya 3.0 appeared first on Colombo Telegraph.
- How To Stop Ranil’s Constitutional Coup & Counter-Revolution (Category: Breaking News)
- May Day Thoughts: Political Economy Of The Ranil-SLPP-SLFP-UNP-SJB Convergence (Category: Breaking News)
- Ranil-Rajapaksa Rearguard Must Meet Its Political Nandikadal Today! (Category: Breaking News)
- Recognize The Real Ranil Regime: Aragalaya 3.0 & Recipe For Resistance (Category: Breaking News)
US top buyer
- Exports up 7.0 percent (Category: Breaking News)
- Sri Lanka imports fall in May as credit slows with rate hike (Category: Breaking News)
- Trade deficit expands due to increased imports (Category: Breaking News)
- Sri Lanka investment goods, non-foods import fall overtakes oil cost in April 2022 (Category: Breaking News)
Has government securities
- Fitch revises NDB’s outlook to negative but affirms AA rating (Category: Business)
- NDB’s bottom line tops Rs. 1 b in 1H (Category: Business)
- Sri Lanka DFCC Bank rating watch negative kept in soft-peg collapse: Fitch (Category: Breaking News)
- NDB’s PAT Up 115% (Category: Breaking News)
Developments in Sri Lanka underline the risk of destabilising social and labour unrest throughout Asia-Pacific because of rising living costs impacting the region, S&P Global Market Intelligence said. Countries with similarly weak economic fundamentals and/ or poor economic policies have reduced resilience to external shocks, such as the COVID-19 pandemic, the Russia-Ukraine conflict, high oil...
- Sri Lanka records slight drop in inflation (Category: Breaking News)
- WFP says 6.26 million people in Sri Lanka are food insecure (Category: Breaking News)
- Sri Lanka’s July consumer inflation more than halves to 4.6% (Category: Breaking News)
- China confirms two-year debt moratorium offered to Sri Lanka (Category: Breaking News)
Chevron had imported lubricants on credit and had been hit as the rupee collapsed
- 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)
British Politics and Ours Both Sri Lanka and the UK have experienced an unprecedented political upheaval of late. It is interesting that both leaders agreed to resign within a day of each other. Everybody else saw the ‘the end is nigh’ sign for quite a while. They didn’t or didn’t want to see it until […]
- Laksiri, Issadeen win open men’s and women’s titles (Category: Breaking News)
- Sri Lanka set to play ten Tests next year (Category: Breaking News)
- Lochana, Warangana clinch singles titles (Category: Breaking News)
- Mihiran, Malshani adjudged best boxers at Nationals (Category: Breaking News)
By By Eng. Parakrma Jayasinghe Bio Energy Association of Sri Lanka The much-awaited outcome of the interim President is now over. Will this result in some measure of hope for the beleaguered public of reversing the downward slide of the economy and the resultant crisis on the very livelihood of most strata of the society? […]
- Litro Gas denies claims on salary structure (Category: Breaking News)
- Independence Day Event at USA Embassy (Category: Breaking News)
- Pune Gas expands operations into Sri Lanka (Category: Breaking News)
- Price of Laugfs gas increased with distribution to resume (Category: Breaking News)
The successful formation of a government under the new President Ranil Wickremesinghe is an important precondition for resolving Sri Lanka’s debt defaultThe post Fitch Ratings calls for political stability in Sri Lanka appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- Fitch Ratings warns of risks from political instability in Sri Lanka (Category: Breaking News)
- Sri Lanka faces uphill battle in meeting 2024 budget targets: Fitch (Category: Breaking News)
- Fitch downgrades Sri Lanka’s local currency debt rating to ‘CC’ (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘C’ (Category: Breaking News)
New govt dominated by Rajapaksa linked party
- Fitch Ratings calls for political stability in Sri Lanka (Category: Breaking News)
- Fitch Ratings warns of risks from political instability in Sri Lanka (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘CC’ (Category: Breaking News)
- S&P downgrades two Sri Lanka sovereign bonds to ‘D’ (Category: Breaking News)
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the Washington-based fund.The post IMF says Sri Lanka needs to talk with China about debt restructuring appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- China tells IMF willing to take constructive part in debt talks (Category: Breaking News)
- Sri Lanka’s debt restructuring: China expected to inform its support to IMF today (Category: Breaking News)
- China gives assurances to the IMF that it will support Sri Lanka’s debt restructuring (Category: Breaking News)
- India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
By Easwaran Rutnam Sri Lanka must reach an agreement with its creditors before the International Monitoring Fund (IMF) can step in and provide financial assistance, the IMF said. Responding to questions during a Twitter Space discussion last evening, IMF Chief Economist Pierre-Olivier Gourinchas said that the IMF is concerned about the situation in Sri Lanka. […]
- IMF notes Sri Lanka still in talks with official bilateral creditors (Category: Breaking News)
- IMF waiting for Sri Lanka to do the needful (Category: Breaking News)
- UN says Sri Lanka’s misery a warning to the world (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
Bangladesh has formally requested for a USD 4.5 bn loan from Washington-based multilateral lender International Monetary Fund (IMF) to tackle the ongoing financial crisis in the country, the country’s media reported.Bangladesh has asked for the loan from the IMF in view of rapidly declining foreign exchange (Forex) reserves, Dhaka Tribune reported. In a letter to […]
- Bangladesh seeks $4.5 billion IMF loan as deficit widens (Category: Breaking News)
- Sri Lanka given more time to repay Bangladesh s $200m loan (Category: Breaking News)
- Sri Lanka pays back $50 million to Bangladesh (Category: Breaking News)
- Sri Lanka repays entire $200mn loan from Bangladesh (Category: Breaking News)
Net finance income up, inflation boosts revenue
- Khazanah invests in Sri Lanka's largest listed firm (Category: Breaking News)
- Colombo Stock Exchange makes gains on Thursday (Category: Breaking News)
- Development as the key to stability (Category: Breaking News)
- Sri Lanka bourse performs Asia's best in 2010 (Category: Breaking News)
Hambantota in southern Sri Lanka housed ousted President Gotabaya Rajapaksa following the recent crisis, until he was forced to flee the country entirely. That continues a trend of the city, and especially its strategic deep-sea port, being in the news for all the wrong reasons. In 2017, when Sri Lanka found itself struggling to make […]
- Over 400 respond (Category: Breaking News)
- IFC to provide $400 million to banks in Sri Lanka (Category: Breaking News)
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- IPO To Raise Rs. 400 mn (Category: Breaking News)
The sailors were expected to return on a vessel gifted to Sri Lanka by the US
- Somaliland (Category: Business)
- USA fears loss of Sri Lanka: Sri Lanka should become Switzerland of Indian Ocean (Category: Breaking News)
- Risky Voyage (Category: Business)
- Sri Lankan sailors of the hijacked Saudi ship to return to the country (Category: Breaking News)
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state’s government seeks a financing loan from the Washington-based fund. “China is a big creditor, and Sri Lanka has to engage proactively with it on a debt restructuring,” Krishna Srinivasan, director of the […]
- Rights group seeks arrest of Gotabaya Rajapaksa in Singapore (Category: Breaking News)
- Paris Club to give Sri Lanka financing assurances (Category: Breaking News)
- Bill to trim president’s powers likely to become law within weeks (Category: Breaking News)
- Sri Lanka to announce debt restructuring strategy in April (Category: Breaking News)
The Supreme Court has extended an overseas travel ban on former Prime Minister Mahinda Rajapaksa and former Finance Minister Basil Rajapaksa. The travel ban has been extended till 2nd August. A motion had been filed in the Supreme Court seeking an overseas travel ban on Mahinda Rajapaksa, Basil Rajapaksa and former Governor of the Central […]
- Overseas travel ban on Mahinda and Basil extended (Category: Breaking News)
- Travel ban on Mahinda and Basil extended (Category: Breaking News)
- Travel ban issued on Mahinda and Basil (Category: Breaking News)
- Overseas travel ban on Mahinda and Basil lifted (Category: Breaking News)
Global un-employment set to rise
- Sri Lanka inflation hits 54.6-pct in June 2022 after money printing (Category: Breaking News)
- Sri Lanka, world suffers terribly from Fed’s accidental discovery: Bellwether (Category: Breaking News)
- Fed hikes rates 75bp as Powell Bubble pushes up food prices hurting the poor (Category: Breaking News)
- Hong Kong, GCC pegs, Vietnam hike rates after Fed as Sri Lanka eyes flexible policy (Category: Breaking News)
‘Pohottuwa party can’t take cover behind new Prez’ By Shamindra Ferdinando Top Samagi Jana Balavegaya (SJB) spokesperson Mujibur Rahuman MP yesterday (26) said that the Cabinet-of-Ministers owed an explanation regarding Power and Energy Minister Kanchana Wijesekera’s latest declaration that fuel imports would be restricted in the next 12 months. Minister Wijesekera has asse...
- Suppression of dissent won’t help reach consensus on all-party govt. – SJB (Category: Breaking News)
- SJB asks Mahinda why he protects Ranil if SLPP plans to go it alone at next election (Category: Breaking News)
- Talks underway with dissident SLPPers: Chief Opp. Whip (Category: Breaking News)
- SJB alleges CPC declined to answer RTI queries to protect crooks (Category: Breaking News)
By Sanath Nanayakkare There is still possibility for Sri Lanka to arrive at a staff level agreement with the International Monetary Fund (IMF) by August 2022 to qualify for an extended fund facility, but the new government will need to demonstrate its ability to implement the required policies within an agreed upon time frame.” the […]
- Central Bank eyeing USD 8 -10 billion currency reserves in 3-4 years (Category: Breaking News)
- Diesel shipment that arrived in Colombo on 16 July still not paid for want of dollars (Category: Breaking News)
- USD 2.9bn IMF loan facility: Govt. confident of completing process early next year (Category: Breaking News)
- Asian Century will not happen if China and India could not join hands – Jaishankar (Category: Breaking News)
[…]The post Impunity In Times Of Uncertainty appeared first on Colombo Telegraph.
- Kapila Jayasekera: Killer-In-Chief In Both ACF & Five Students Cases (Category: Breaking News)
- Ranil Wickremesinghe’s Democratic Credentials? A Test, A Challenge! (Category: Breaking News)
- Commission Of Inquiry: Testify At Your Own Peril (Category: Breaking News)
- The ACF Commission: To Exorcise Ghosts Of Truth That Continued To Haunt Regardless (Category: Breaking News)
Investors are waiting for some positive news to enter market.
- Fuel prices increased (Category: Breaking News)
- Peliyagoda fish market complex inaugurated (Category: Breaking News)
- Coconut prices down (Category: Breaking News)
- Sri Lanka sells Rs81bn in Treasuries, yields steady (Category: Breaking News)
By Maldives Voice In the past four months, Sri Lanka has left no stones unturned trying to combat the ongoing economic crisis that still prevails in the nation. Most of which, the credit duly goes to the Rajapaksa political dynasty that has stayed to overrule Lanka for more than half a century. July 9th 2022, […]
- Oil Pipeline Places Over 400 Families Under Threat (Category: Breaking News)
- Video: HIRU THANIWELA EP 400 (Category: Video)
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- Over 400 respond (Category: Breaking News)
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