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Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe’s office said yesterday (March 20) on the eve of a desperately needed US $ 2.9 billion International Monetary Fund (IMF) bailout.The post Sri Lanka seeks 10-year debt moratorium appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Paris Club proposing a 10-year moratorium on Sri Lanka’s debt – Report (Category: Breaking News)
- Sri Lanka bondholders ready for debt restructuring talks with authorities (Category: Breaking News)
- Sri Lanka to secure likely 6-year moratorium on debt owed to India, Paris Club (Category: Breaking News)
- Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package (Category: Breaking News)
Significant human rights abuses were recorded in Sri Lanka in 2022, the US State Department said in its annual Country Reports on Human Rights Practices released by US Secretary of State Antony J. Blinken. The 2022 Country Reports on Human Rights Practices noted there were reports that members of the security forces, primarily police, committed […]
- Blinken speaks to Ranil on economic and political challenges (Category: Breaking News)
- Hundreds of Indians attend Katchatheevu festival (Category: Breaking News)
- Antony Blinken to have talks with Sri Lanka’s Foreign Minister (Category: Breaking News)
- Canadian PM remembers Tamil victims of Sri Lanka’s war (Category: Breaking News)
[…]The post ‘Contemporary Issues In Socio-Economic Development’: A Timely Publication By Kelaniya University appeared first on Colombo Telegraph.
- Sriyani Hulugalle’s ‘Shadows Of Hantana’: A Romantic Experience For Readers (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- Child’s Guide To UK’s Trade Concessions To Developing Countries (Category: Breaking News)
- Crisis-Hit Sri Lanka Economy (Category: Breaking News)
Unit 3 of the Norochcholai Coal Power Plant is inoperative due to a breakdown, Power and Energy Minister Kanchana Wijesekera said.The post Unit 3 of Norochcholai Power Plant inoperative due to Breakdown – Minister assures no Power Cuts appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Unit 3 of Norochcholai power plant suffers breakdown (Category: Breaking News)
- Unit 2 of Norochcholai power plant suffers breakdown (Category: Breaking News)
- Unit 2 of Norochcholai power plant out of order while Kelanitissa power plant shut down for 6 we... (Category: Breaking News)
- Unit 3 of Norochcholai power plant reconnected to national grid (Category: Breaking News)
India says under its ‘Neighbourhood First’ policy it has always come forward to help debt-ridden Sri Lanka, and in the latest instance New Delhi has distributed rations in Kalmunai. Taking to Twitter, the High Commission of India in Colombo said, “Support by @IndiainSL to needy sections continues!! Glimpses of ration distribution in Kalmunai.” The cash-strapped […]
- Government to unveil domestic debt restructuring strategy this week (Category: Breaking News)
- IMF chief and Ranil discuss restructuring Sri Lanka’s debt (Category: Breaking News)
- US Treasury Secretary speaks to Ranil on IMF deal (Category: Breaking News)
- Haircut for holders of Sri Lanka’s international sovereign bonds (Category: Breaking News)
Sri Lanka’s economy shrank 7.8% in 2022 from the previous year, government data showed on Wednesday, as the country struggled with its worst financial crisis in more than seven decades.The post Sri Lanka’s Economy suffers worst contraction in 2022 appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s economy shrinks 11.8% in second-worst performance (Category: Breaking News)
- Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says (Category: Breaking News)
- Sri Lanka’s economy returns to growth, led by agriculture (Category: Breaking News)
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
During a discussion with the representatives of the Sinopec Group held at the Presidential Secretariat on Monday (13), President Ranil Wickremesinghe said that the government has taken a principled decision to expand the distribution of fuel which is expected to commence shortly. The representatives from the Sinopec Group confirmed their readiness to invest in the […]
China’s Sinopec has offered to fully finance the construction of a refinery in Hambantota, the President’s Media Division said. During a discussion with representatives of the Sinopec Group held at the Presidential Secretariat this morning (13), President Ranil Wickremesinghe said that the Government has taken a principled decision to expand the distribution of fuel which […]
- China’s Sinopec to enter Sri Lanka retail fuel market (Category: Breaking News)
- Sri Lanka Government decided to expand fuel distribution (Category: Breaking News)
- Sinopec to operate 200 filling stations in Sri Lanka (Category: Breaking News)
- IMF chief and Ranil discuss restructuring Sri Lanka’s debt (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe said that the government has taken a principled decision to expand the distribution of fuel which is expected to commence shortly.The post Sri Lanka Government decided to expand fuel distribution appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka President issues gazette declaring several services as essential services (Category: Breaking News)
- Sri Lanka President declares power, fuel, & health essential services (Category: Breaking News)
- Meeting between SLFP and President Ranil Wickremesinghe on forming all-party Government (Category: Breaking News)
- Electricity and Fuel supply declared as essential services in Sri Lanka (Category: Breaking News)
[…]The post Role Of Professionals In Achieving Our Economic Recovery appeared first on Colombo Telegraph.
- Economic Realities & Political Promises (Category: Breaking News)
- Tentative Recovery Of The Economy Will Not Be Stalled By The Presidential Election: Response To ... (Category: Breaking News)
- Middle class Sri Lankans forced to migrate due to proposed new income tax policy? (Category: Breaking News)
- PAYE Tax; Will There Be A Mass Exodus? (Category: Breaking News)
ECONOMYNEXT –Sri Lanka has recorded a significant reduction in fuel demand over the year from January 2022 to January 2023, with consumption of auto diesel and petrol dropping as much as 50 and 30 percent respectively, Power & Energy Minister Kanchana Wijesekara said. The minister tweeted Friday March 10 that retail and industrial fuel sales […]
- Fuel quota to be increased again next month (Category: Breaking News)
- Minister Kanchana urges public not to queue up for fuel (Category: Breaking News)
- Minister indicates reduction in fuel prices in April (Category: Breaking News)
- Energy Minister reveals new guidelines for fuel transportation (Category: Breaking News)
Sri Lanka needs institutional reforms in order to achieve long-term debt sustainability, said Steve Hanke, who played a key role in establishing new currency regimes in emerging markets like Argentina and Montenegro.The post Sri Lanka needs institutional changes for long-term debt sustainability, expert says appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka needs institutional changes for long-term debt sustainability, expert says (Category: Breaking News)
- Sri Lanka’s debt restructuring: China expected to inform its support to IMF today (Category: Breaking News)
- Fitch Ratings calls for political stability in Sri Lanka (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
India had helped Sri Lanka more than any other country, especially, Sri Lanka’s Foreign Minister Ali Sabry said during Raisina Dialogue ‘Ideas Pod.’ While the Indian government took some bold decisions to help Sri Lanka face its economic crisis, even the Indian public came forward to support Sri Lanka, the country’s foreign minister said in […]
- Minister Sabry praises India for being first country to support Lanka’s debt restructuring (Category: Breaking News)
- Sabry denies China caused SL debt crisis (Category: Breaking News)
- ‘War crimes’: Not only individuals but also entire fighting divisions ‘blacklisted’ – Foreign Mi... (Category: Breaking News)
- Sri Lanka hopeful China will provide debt restructuring assurances - Sabry (Category: Breaking News)
China's pledge to support Sri Lanka's debt reorganization, a major step for the island nation in securing an IMF lifeline, provides little clarity on how negotiations will unfold or whether this could herald progress for other heavily indebted nations.The post Analysis: China paves Sri Lanka’s way to IMF funds, but debt talks remain uncertain appeared first on Sri Lanka News - Latest Breakin...
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- Sri Lanka’s creditors hold 1st meeting, with China as observer (Category: Breaking News)
The weekly top-up day of The National Fuel Pass (NFP) quota will be changed to Tuesdays instead of Sundays effective from today (March 08), Power and Energy Minister Kanchana Wijesekera said today.The post National Fuel Pass Quota to be topped up every Tuesday midnight appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Fuel quota to be increased from Tuesday (Category: Breaking News)
- Sri Lanka to discontinue QR code based National Fuel Pass from today (September 01) (Category: Breaking News)
- Sri Lanka started issuing fuel only for National Fuel Pass holders from today (August 1) (Category: Breaking News)
- National Fuel Pass to be introduced today in Sri Lanka (Category: Breaking News)
The National Fuel Pass (NFP) will be topped up at midnight every Tuesday effective from today (March 08), Minister of Power Energy Kanchana Wijesekera says.
The International Monetary Fund (IMF) on Tuesday said Sri Lanka had secured financing assurances from all its major bilateral creditors, paving the way for the IMF board to consider approval of a long-awaited $2.9 billion four-year bailout.The post IMF board poised to approve $2.9 billion Sri Lanka bailout appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- IMF Executive Board considers Sri Lanka’s loan facility for approval today (March 20) (Category: Breaking News)
- IMF not expected to discuss Sri Lanka before year-end – sources (Category: Breaking News)
- IMF board poised to approve USD 2.9 Bn Sri Lanka bailout on March 20 (Category: Breaking News)
- IMF insists on creditor assurances to unlock $2.9 Billion Sri Lanka bailout (Category: Breaking News)
In a major breakthrough, Sri Lanka has received a financial assurance letter from the Exim Bank of China and the letter of agreement has been sent to the International Monetary Fund (IMF). President Ranil Wickremesinghe told Parliament that he received the financial assurance letter from the Exim Bank of China last night and he and […]
- An Open Letter & Appeal To The IMF (Category: Breaking News)
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
- Government’s Letter of Intent for fresh IMF support under SBA (Category: Business)
- An Open Letter To Mr. President Ranil Wickremesinghe (Category: Breaking News)
[…]The post President Ranil Wickremesinghe’s Special Statement – Full Text appeared first on Colombo Telegraph.
- President Ranil Wickremesinghe Rescued & Stable Economy In Sri Lanka – An Inquiry (Category: Breaking News)
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- The Bleak Future For Sri Lanka : 75 Years After Independence (Category: Breaking News)
The world’s largest passenger airline, an Airbus A-380, made a rare landing in Sri Lanka today. The Airbus A-380 Emirates flight, flying from Auckland, New Zealand to Dubai, landed at the Bandaranaike International Airport (BIA) this morning for refueling. Airport officials were at hand to greet the plane as it arrived at the BIA. Passengers […]
- First group of post-pandemic Chinese tourists arrive in Sri Lanka (Category: Breaking News)
- Russia’s largest charter airline arrives in Sri Lanka (Category: Breaking News)
- Flights between Jaffna and Chennai resume (Category: Breaking News)
- Cinnamon Lakeside Colombo’s ColomBar moves to newly refurbished location (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe has announced that a foundation is presently being established to advance Sri Lanka’s economy to a global level over the next five years by implementing green economic policies.The post Sri Lanka President emphasizes the need for an urgent transition to a green economy appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Government committed to building a digitized modern Sri Lanka (Category: Breaking News)
- Sri Lanka President focuses on green hydrogen projects, water management systems and renewable e... (Category: Breaking News)
- Ronnie de Mel passes away (Category: Breaking News)
- Continue engaging with Sri Lanka’s official bilateral, private sector creditors – World Bank Chi... (Category: Breaking News)
Half of families in Sri Lanka are forced to reduce the amount they feed their children, according to a survey by Save the Children, as the country’s economic downturn spirals further into a full-blown hunger crisis nearly a year after the government defaulted on its debt.The government and international community must act now to prevent […]
- Sri Lanka: One in three families see changes in children’s mental health amid economic crisis (Category: Breaking News)
- Joint food security assessment by govt., FAO, WFP next month (Category: Breaking News)
- Half of families reducing children s food intake as Sri Lanka slips further into hunger crisis Â... (Category: Breaking News)
- Navigating challenges of escalating vegetable prices in Sri Lanka: (Category: Breaking News)
By Y P Prakash Sri Lanka is a nation that has been plagued by political instability in recent years. The country has faced several political and economic crises, and there are concerns that it may plunge back into turmoil in early 2023. The postponement of the local government elections scheduled for early 2023 has raised […]
- Resisting Elections Will Worsen Dissent (Category: Breaking News)
- Electionsand economy (Category: Breaking News)
- Electionsand economy (Category: Breaking News)
- Postponing elections won’t stop need for system change (Category: Breaking News)
Waste management causes issues Hydropower was Sri Lanka’s primary energy source when it gained independence from the British. The first ever hydropower project, Laxapana, was commissioned in 1950 and is described as an innovative design by Engineer D.J. Wimalasurendra. Since then, there have been several hydropower projects initiated in Sri Lanka. Under the Mahaweli multipurpose […]
- Chinese-built coal power plant and associated technical and environmental issues (Category: Breaking News)
- The faulty Chinese giant Norochcholai causes enormous financial losses to cash-strapped Sri Lanka. (Category: Breaking News)
- Chinese engineers in Sri Lanka for urgent maintenance of Norochcholai (Category: Breaking News)
- CEB: Making losses or deliberate blunders? (Category: Business)
Wednesday 1st March, 2023 Sri Lanka finds itself in the same predicament as a gang rape victim being forcibly kept in the custody of her rapists. Those who are responsible for stealing public funds, mismanaging the economy and bankrupting it continue to be in power. Worse, while living high on the hog at the expense […]
- Vroom mania – II (Category: Breaking News)
- Neutralise this threat to democracy (Category: Breaking News)
- Parliament tells SLC bigwigs to go home (Category: Breaking News)
- When will they ever learn? (Category: Breaking News)
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