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The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity in the banking system. Such shortage of […]
Sri Lanka’s No. 1 Bank, Bank of Ceylon, marks its 83rd Anniversary today. The Bank will celebrate the occasion beginning with a multi-religious ceremony at the Bank’s Head Office with the participation of distinguished guests comprised of customers and well- wishers. The event will be held with the patronage of the Bank’s Chairman, Kanchana Ratwatte, […]
“Tyrannical governments and illegitimate leaders throughout history have led their societies to destruction” The Federation of University Teachers (FUTA) says that the Wickremasinghe-Rajapaksa government lacks any legitimacy and it should stop taking cover behind the Constitution.In a statement condemning what it termed as “repression of aragalaya activists by the current regime&...
The new Sri Lankan Government is looking to enhance ties with Russia. The Ambassador of the Russian Federation to Sri Lanka Yury Materiy called on the newly appointed Minister of Foreign Affairs Ali Sabry at the Foreign Ministry. Congratulating Minister Sabry on his appointment, Ambassador Materiy handed over a message of felicitation from the Russian Foreign […]
The Ambassador of the Russian Federation to Sri Lanka Yury Materiy has called on the newly appointed Minister of Foreign Affairs Ali Sabry at the Foreign Ministry.
Sri Lanka's new president Ranil Wickremesinghe has formally invited MPs to join an all-party unity government to revive the bankrupt economy by undertaking painful reforms, his office said Sunday.The post Sri Lanka president seeks unity government to save economy appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Non-oil imports collapsed 35.6 percent to 1,026 million US dollars.
[…]The post Economy, Emergency & Aragalaya appeared first on Colombo Telegraph.
[…]The post Proroguing The Parliament – A Political Subterfuge! appeared first on Colombo Telegraph.
[…]The post 26.6 Million Of Sri Lankan Taxpayers’ Money Spent On Former Prime Minister Mahinda Rajapaksa’s Trip To Italy appeared first on Colombo Telegraph.
We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake
He has over 23 years of experience in the banking sector
Sri Lanka’s president said Saturday that an agreement with the International Monetary Fund to help pull the bankrupt nation out of its economic crisis has been pushed back to September because of unrest over the past weeks.The post Sri Lanka leader says IMF agreement pushed back after unrest appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
The remaining petrol reserves in Sri Lanka will likely be insufficient to meet normal needs, the World Food Programme (WFP) said. The Government has announced restrictions on fuel imports for the next 12 months as it faces a severe supply shortage. “Remaining petrol reserves will likely be insufficient to meet normal needs. The situation has […]
Anthony Nihal Fonseka has been reappointed as a member of the Monetary Board of the Central Bank of Sri Lanka (CBSL) with effect from 27 July 2022 for a period of six years. Previously, he served on the Monetary Board from July, 2016 to May 2020 and from May 2022 to July 2022. He obtained […]
[…]The post The Aragalaya & Human Rights In Geneva This September appeared first on Colombo Telegraph.
Sri Lanka's rupee fell sharply in the June quarter
In Sri Lanka, which is battling a crushing economic crisis, is now facing another predicament with its women, most of them who have lost their jobs in the textile sector, now forced to become sex workers to earn a livelihood, the ANI reported.The post Makeshift brothels crop up in Sri Lanka as economic hardship pushes women into prostitution appeared first on ONLANKA News :. Sri Lanka Breaking New...
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 […]
SORA’s objective is to become a usable currency for both users on Earth as well as the Metaverse SORA platform currency is governed by a Parliamentary system that has multiple bodies with clear separation of powers, and where the members are chosen randomly from the SORA Citizen population. XOR transactions are fast and cheap, costing […]
Selective default rating and forex shortages makes it impossible to issue guarantees
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 […]
Chinese financial institutions have reached out to Sri Lanka and had shown full readiness to find a way to handle the matured Chinese loans and help Sri Lanka to overcome the difficulties, Chinese Foreign Ministry Spokesperson Zhao Lijian said during his Regular Press Conference in Beijing. Lijian made this statement in response to a question […]
China on Thursday defended its massive infrastructure ventures and investments in crisis-hit Sri Lanka and said that they have Âboosted its economic development, amid criticism from the US of Beijing s unproductive projects and opaque loan deals among the reasons for the country s bankruptcy.
The U.S. Ambassador to Sri Lanka, Julie J. Chung met Sri Lanka’s Minister of Foreign Affairs Ali Sabry today (July 29) for a discussion.The post U.S. Ambassador Julie Chung meets Sri Lankan Foreign Minister Ali Sabry appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
China said on Friday it hoped "relevant parties" would refrain from interfering with its legitimate maritime activities after New Delhi voiced concern over a Chinese military ship's planned visit to a port in India's southern neighbor Sri Lanka.The post China defends military ship visit to Sri Lanka appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Sovereign default together with increasing economic challenges poses significant downside risks to DFCC's profitability
Has government securities
India, which is trying to expand its influence in crisis-hit Sri Lanka after China made deep inroads there, said on Thursday it was aware of reports about the planned visit of a Chinese vessel to a Sri Lankan port built with money from Beijing.The post India says it will protect its interests as Chinese boat heads to Sri Lanka appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Lat...
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...