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Chinese spy ship Yuan Wang 5 on Tuesday docked at the Hambantota Port with Colombo relenting to the Chinese pressure amid necessity of China’s support for the IMF bailout package and bilateral financial requirement. While Lanka’s financial needs may have shaped its decision to allow vessel, the ship was allowed on the condition that it […]
China will seek preferential treatment on debt restructuring in Sri Lanka which will mostly cater to Beijing’s own self-interests and amid this Colombo must avoid these kinds of debt distress efforts at all costs, media reports said. China’s role in Sri Lanka’s debt restructuring efforts needs to be observed with utmost caution as the island […]
The Indian Government is closely monitoring the Chinese “spy ship” currently berthed in Sri Lanka, India’s Union Minister of State for External Affairs V Muraleedharan said. He also asserted that the Indian Government will act at the proper time to protect national security. Speaking to reporters in Tiruchy, Muraleedharan who said the Government of India […]
A one month amnesty period has been declared to deposit foreign currency in the hands of the public.The Centra Bank of Sri Lanka said that in order to attract foreign currency held with the public into the banking system, the Minister of Finance has issued an Order granting an amnesty period of one month effective […]
by Hiran H.Senewiratne Sri Lanka’s insurance penetration is less than two percent of the total population and there was enormous potential to grow this sector. However, motor insurance is doing well because every single vehicle owner has to obtain a vehicle insurance policy, newly appointed Chairman of Sri Lanka Insurance Corporation Ltd Ronald Perera, PC, […]
The Government of Austria recently donated an urgently required consignment of essential medicines worth LKR 4 million to the Government of Sri Lanka, according to the Ministry of Foreign Affairs.
[…]The post GTF Welcomes The Delisting Of Diaspora Entities & Calls For A Well-Targeted UNHRC Resolution On Sri Lanka appeared first on Colombo Telegraph.
The Global Tamil Forum (GTF) has welcomed the delisting of various Tamil diaspora organisations and individuals as an important step towards achieving improved ethnic relations and economic outcomes in Sri Lanka. However, the GTF said that it is disappointing that many Tamil and Muslim organisations and individuals are still on the updated list, gazetted on […]
[…]The post Country Has Fallen Due To The Socialist Thinking appeared first on Colombo Telegraph.
[…]The post Ranil’s Post-IMF Challenge appeared first on Colombo Telegraph.
[…]The post Is Sri Lanka Heading Towards The Myanmar Model Of Governance? appeared first on Colombo Telegraph.
ECONOMYNEXT – An International Monetary Fund mission will visit Sri Lanka from August 24 to 31 for talks on “financial reforms and policies” which would bring the country closer to a staff level agreement, the Washington based lender said.“The objective is to make progress towards reaching a staff-level agreement on a prospective IMF Extended Fund Facility (EFF) arrangement...
The Regional Director for Asia and the Pacific of the United Nations Development Cooperation Office (UNDCO) David Mclachlan-Karr, who is currently on an official visit to Sri Lanka, paid a courtesy call on Foreign Affairs Minister Ali Sabry on 17 August, 2022.
The Australian government will lift emergency aid to Sri Lanka to AU$ 75 million as the south Asian island grapples with an economic crisis that has triggered a new surge of people fleeing on boats for Australia.The post Australia kicks in extra $25 million emergency aid to Sri Lanka appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Market has risen in 14 sessions out of the last 16.
“Estimates should be taken and a court case should be filed, to find the people responsible."
[…]The post A Generational Shift To Face The Crisis In Sri Lanka appeared first on Colombo Telegraph.
The Asian Century will not happen if the two neighbours could not join hands, he said.
"We are seeing the pressure on the rupee easing as a result of exports growing and imports contracting."
Australia will provide an additional $25 million to help Sri Lanka meet urgent food and healthcare needs, as it confronts its worst economic crisis in 70 years. The announcement was made in a joint press statement issued by Australian Minister for International Development and the Pacific, Pat Conroy and Australian Foreign Minister Penny Wong. The […]
“During this challenging period, Australia stands with the people of Sri Lanka."
‘Inflation will not be as high as initially expected’ Inflation will not be as high as initially expected and there are signs of economy stabilising, Central Bank Governor Dr. Nandalal Weerasinghe says.Dr. Weerasinghe said that during the past few months a number of initiatives had been made to improve the economy and they were yielding […]
ByShamindra Ferdinando Sri Lanka hadn’t been able yet to convince Russia to resume Aeroflot flights and tourists from there to Sri Lanka suspended in the wake of the detention of SU 289 at the Bandaranaike International Airport (BIA) on the afternoon of June 02, authoritative sources said. Sri Lanka grappling with an unprecedented foreign exchange […]
by Dr. Gotabhaya Ranasinghe Sri Lanka is blessed with natural resources and scenic beauty. Famed for the hospitality of the friendly people, the country has a lot more to offer than just delicious food, comfortable lodgings, adventurous nature trails, and the green-blue seas.Sri Lanka is facing a grave financial crisis, of which the repercussions are […]
Stocks fell in the last two sessions on profit taking
A guidance peg for interbank transactions weakened by one cent to 360.97 rupees
Sri Lanka will ask Japan to invite the Indian Ocean island's main creditor nations, including China and India, to talks on bilateral debt restructuring, as it seeks a way out of its worst economic crisis in decades, its president said on Thursday.The post Sri Lanka to ask Japan to open talks on debt restructuring with key lenders appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - ...
A one month amnesty period has been declared to deposit foreign currency in the hands of the public. The Centra Bank of Sri Lanka said that in order to attract foreign currency held with the public into the banking system, the Minister of Finance has issued an Order granting an amnesty period of one month […]
Former Sri Lankan President Gotabaya Rajapaksa who fled the country last month amidst public protests calling for his resignation, is awaiting to obtain a US Green Card to return back to the United States and settle there with his wife and son.The post Gotabaya Rajapaksa applies for U.S. Green Card, looks to settle back in United States appeared first on ONLANKA News :. Sri Lanka Breaking News Upd...
Sri Lanka’s National Security demands greater attention than during the history of the country ever since independence, the Defence Secretary General Kamal Gunaratne said on Wednesday (August 17).The post National Security demands greater attention unlike ever in history – Defence Secretary appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.