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The credibility of the Narendra Modi government’s neighbourhood first policy is evident as India is now planning to supply thousands of metric tons of onion to Sri Lanka after supplying vast quantities of essential commodities to Maldives under the pro-China Mohammed Muizzu regime. It is understood that besides this, India on April 3 allowed a […]
- Ballot boxes for Maldives’ polls to be placed in Sri Lanka (Category: Breaking News)
- Nepal batsman Airee smashes six sixes in an over (Category: Breaking News)
- Holy water from India to Sri Lanka for consecration ceremony (Category: Breaking News)
- Scotland thrashed by Sri Lanka in T20 World Cup qualifier (Category: Breaking News)
Sri Lanka and a group of its creditors are in final negotiations to suspend debt repayments until 2028, Nikkei has learned, as country creditors including Japan seek to prevent China’s influence from expanding in the debt-ridden island. “Negotiations [with the creditor nations] have concluded. We are hoping that it [a detailed announcement] will take place […]
- China in close communication with Sri Lanka on debt restructuring (Category: Breaking News)
- Japan, India and France launch Sri Lanka debt re-structuring talks (Category: Breaking News)
- US calls on China to play formal role in Sri Lanka’s debt restructuring (Category: Breaking News)
- China wants fair burden-sharing when restructuring Sri Lanka’s debt (Category: Breaking News)
NikkeiAsia reports that Sri Lanka and a consortium of its creditors are currently in the final stages of negotiations to postpone debt repayments until 2028.The post Sri Lanka’s debt repayments to be suspended until 2028 – NikkeiAsia Reports appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s debt repayments to be suspended until 2028 (Category: Breaking News)
- Sri Lanka s debt repayments to be suspended until 2028 (Category: Breaking News)
- China confirms two-year debt moratorium offer for Sri Lanka (Category: Breaking News)
- Sri Lanka to make $2.6 billion in loan repayments in first half of year (Category: Breaking News)
LOLC Finance PLC, Sri Lanka’s premier Non-Banking Financial Institution (NBFI), has once again set a remarkable milestone in the digital finance landscape by clinching an outstanding five gold awards at the prestigious Lankapay Technnovation Awards 2024. This exceptional achievement fortifies LOLC Finance’s utmost expertise and innovation in the realm of digital financing, further emphasizing its ...
- DFCC Wins 1st Gold Award at LankaPay Technovation Awards for Commitment to Financial Inclusion (Category: Breaking News)
- ADB names ComBank its ‘Leading Partner Bank’ in Sri Lanka for 3rd year (Category: Breaking News)
- ICC Sri Lanka celebrates the Most Admired Companies of 2022 (Category: Breaking News)
- MCA Six a Side Tournament at Galle International Stadium (Category: Breaking News)
ECONOMYNEXT –At least 10 Sri Lanka’s Members of Parliament (MPs) elected in the 2020 general elections are not anymore the legislature, either due to death or resignation or legal issues, official data showed. With the latest death of ruling Sri Lanka Podujana Peramuna (SLPP) legislator K H Nandasena (69 years) on Thursday (04), Parliament has […]
- SJB MPs tell Speaker they received death threats (Category: Breaking News)
- Udaya, Wimal deny having met MR (Category: Breaking News)
- Talks underway with dissident SLPPers: Chief Opp. Whip (Category: Breaking News)
- SJB’s dilemma (Category: Breaking News)
Sri Lanka anticipates the third tranche of the International Monetary Fund (IMF) extended fund facility by June, according to State Minister of Finance Shehan Semasinghe. However, the country must first obtain consensus from the country’s creditors on restructuring its debt. “We anticipate the third tranche by June. That’s the standard procedure. After a review, there’s […]
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
- IMF ready to assist Lanka in bondholder talks amid debt restructuring challenges (Category: Breaking News)
- Debt restructuring strategy out in April (Category: Breaking News)
- Sri Lanka nears IMF deal on funding while debt talks proceed - report (Category: Breaking News)
by Rex Clementine This year marks the 25th anniversary of the appointment of the first ever Cricket Interim Committee. Ironically, the man who was chosen to Chair that committee, although a keen follower of the game, had little experience in its administration. Rienzie T. Wijetilleke is his name. Orders to appoint Wijetilleke, then the Chairman […]
- US$ 187,000 heist at SLC angers Foreign Minister (Category: Breaking News)
- Ousted SLC Chief fights back, obtains two-week suspension of interim committee (Category: Breaking News)
- Cricket board sacked; Interim Committee appointed (Category: Breaking News)
- India to host 2025 Women’s World Cup (Category: Breaking News)
Takeo Konishi, the Director General of South Asia Department of the Asian Development Bank (ADB) has called on Sri Lanka s Minister of Power Energy Kanchana Wijesekera.
Mr. Rajith Keerthi Tennakoon, President Director General of Community Affairs, stated that between President Ranil Wickremesinghe’s assumption of office and February 2024, the Government of Sri Lanka has settled a total of US$ 1909.7 million in foreign debt and interest payments.The post Sri Lanka settles $1.9 Billion in Foreign Debt and Interest Payments: Official Statement appeared first on ONLA...
- Sri Lanka Government allocates nearly Rs. 200 Billion for Economic Relief amidst Crisis (Category: Breaking News)
- Government settles US$ 1,909.7 million foreign debt and interest – Rajith Keerthi Thennakoon (Category: Breaking News)
- Foreign Debt Restructuring: Too Late & Too Short To Get Out Of The Debt Trap (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
Sri Lanka’s economy is projected to see moderate growth of 2.2% in 2024, showing signs of stabilization, following the severe economic downturn of 2022. But, the country still faces elevated poverty levels, income inequality, and labor market concerns, says the World Bank’s latest bi-annual update. The Sri Lanka Development Update, Bridge to Recovery, highlights that […]
- Sri Lanka s economy shows signs of stabilization, but poverty to remain elevated  World Bank (Category: Breaking News)
- More than a quarter of Lankans living in poverty – World Bank (Category: Breaking News)
- WB predicts Lanka’s poverty will increase to 28% in 2023 from 25% recorded last year (Category: Breaking News)
- Understanding Poverty: A complex, multidimensional challenge (Category: Breaking News)
According to sources familiar with the matter, Bloomberg reports that global investors and officials from Sri Lanka are expected to convene for a second round of discussions with the aim of restructuring $12 billion in defaulted global bonds later this month.The post Global investors and Sri Lanka officials set for second round of Bond Restructuring talks appeared first on ONLANKA - Sri Lanka Late...
- Sri Lanka, bondholders plan fresh round of debt talks this month - reports (Category: Breaking News)
- Sri Lanka to start restructuring talks with investors next week, Bloomberg News reports (Category: Breaking News)
- Sri Lanka to start talks to restructure bonds next week (Category: Breaking News)
- Sri Lanka postpones debt restructuring talks, hopes for IMF deal in December (Category: Breaking News)
Recognising DFCC Bank’s exceptional efforts to further financial inclusion through digital innovation, the bank was honoured with the Gold Award for Financial Institution of the Year for Financial Inclusion – Category C, at the recently concluded LankaPay Technovation Awards. In addition to this prestigious accolade, DFCC Bank also received the Merit Award for Best Common […]
- Mercantile Investments wins Gold for 12th consecutive year (Category: Business)
- Ashanthi Wins Big (Category: Breaking News)
- Prime Wins Gold in Land and Property Sector at TAGS Awards 2022 (Category: Breaking News)
- He Who Dares Wins (Category: Breaking News)
Sri Lanka has dismissed the statements coming out of India on “reclaiming” Katchatheevu island, stressing that such claims have “no ground”. The country’s Minister of Fisheries, Douglas Devananda, while dismissing the claims said: “It is not unusual to hear the noises of claims and counterclaims about Katchatheevu island during the election season in India.” His...
- Former Indian Finance Minister defends decision to give Katchatheevu to Sri Lanka (Category: Breaking News)
- India to ask Sri Lanka to allow fishing near Katchatheevu (Category: Breaking News)
- Congress warns BJP putting Tamils in Sri Lanka at risk (Category: Breaking News)
- Modi lashes out at Congress for giving away Katchatheevu to Sri Lanka (Category: Breaking News)
The Central Bank of Sri Lanka (CBSL) has announced that Sri Lanka’s official reserve assets increased by 9.5% in March 2024.The post Sri Lanka’s official reserve assets increase by 9.5% in March appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s official reserve assets up by 23.2% in December 2023 (Category: Breaking News)
- Sri Lanka’s official reserve assets up by 9.6% in April 2024 (Category: Breaking News)
- Sri Lanka s official reserve assets increase in Sep 2022 (Category: Breaking News)
- Sri Lanka s official reserve assets increase in Nov 2022 (Category: Breaking News)
Rajith Keerthy Tennakoon Director General of Community Affairs at the President’s Office delivering a special media statement today (05) stated that between the assumption of office by President Ranil Wickremesinghe and February 2024, the Government of Sri Lanka has settled a total of US$ 1909.7 million in foreign debt and interest payments. He also highlighted […]
- Sri Lanka settles $1.9 Billion in Foreign Debt and Interest Payments: Official Statement (Category: Breaking News)
- Boom in bank borrowings to bridge Budget deficit (Category: Business)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
- Govt. should not deviate from agenda of national needs in discussions to find solutions to crise... (Category: Breaking News)
The Central Bank of Sri Lanka (CBSL) says Sri Lanka s official reserve assets have recorded an increase of 9.5% in the month of March 2024.
A treasure trove of leaked documents from a Chinese state-linked hacking group, namely I-Soon, has signalled the alarming activities of Beijing’s intelligence and military groups in attempting large-scale, systematic cyber intrusions against foreign governments, companies and infrastructure. GitHub leak on 16 Feb 2024 has provided a first-of-its-kind look at the internal operations of this Shangha...
- Cyber attacks grow increasingly “reckless”: US official says (Category: Business)
- DHS, DoD, NIH, State Department reportedly hit by Russian hackers (Category: USA, New York)
- DHS, DoD, NIH, State Department reportedly hit by Russian hackers (Category: USA, New York)
- DHS, DoD, NIH, State Department reportedly hit by Russian hackers (Category: USA, New York)
The number of scams in Singapore hit a record high in 2023, Home Minister K Shanmugam said, adding that the country saw a rise of 18 percent in duping cases against migrants, many of whom are from India and Sri Lanka.The post 500 maids in Singapore duped in 2023 are from India, Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (Category: Breaking News)
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Sajith demands tough action against those targeting Lankans with pyramid scams (Category: Breaking News)
- Massive Corruption Scams Rock The Land Of The Mahatma (Category: Breaking News)
Enhancing customer experience and convenience with Digital Banking Services Union Bank launched its first Digital Zone at the Bank’s Head Office located in Colombo 03 providing customers with 24/7 Smart Banking. As part of the Bank’s digital transformation strategy and extending convenient and seamless banking services the Bank will roll-out digital zones in several strategic […]
- Union Bank Expands 24/7 Smart Banking with New Digital Zones (Category: Breaking News)
- Union Bank Opens Newest Digital Zone in Rajagiriya (Category: Breaking News)
- LinearSix Celebrates Seven Years of Transforming Financial Services by unveiling cutting-edge fi... (Category: Breaking News)
- DFCC Wins 1st Gold Award at LankaPay Technovation Awards for Commitment to Financial Inclusion (Category: Breaking News)
[…]The post Brahmins Demand A Debate On Debt appeared first on Colombo Telegraph.
- Cockiness; What Price? (Category: Breaking News)
- Ballad Of A Sad Trumpet (Category: Breaking News)
- A Painted Ship In A Painted Ocean (Category: Breaking News)
- Fleas Dream Of Buying A New Dog (Category: Breaking News)
[…]The post Katchatheevu Crisis – Seal The Deal Mr. Modi appeared first on Colombo Telegraph.
- India to ask Sri Lanka to allow fishing near Katchatheevu (Category: Breaking News)
- Rise Of Ultranationalism & Elections, Tamil Nationalism & Resurrection Of LTTE Ideology In Sri L... (Category: Breaking News)
- Champika Ranawaka’s Transformative Message: Lessons For National Unity & Global Politics (Category: Breaking News)
- Sri Lanka says ‘no ground’ for Indian request to return Katchatheevu (Category: Breaking News)
By Saman Indrajith Around 75,000 Sri Lankans have left for overseas jobs during the first three months of 2024, the Sri Lanka Bureau of Foreign Employment (SLBFE) says.SLBFE said yesterday (04) that 74,499 Sri Lankan workers had left for foreign employment, and 46 percent of them were women. There has been a slight drop in […]
- USD 474.6 million received from expat SL workers in December (Category: Breaking News)
- Remittances from expat workers rise (Category: Breaking News)
- More than 200,000 Lankans have left for overseas employment so far this year (Category: Breaking News)
- Expat SL workers send more money (Category: Breaking News)
By Lynn Ockersz ‘Sri Lankans are very good at writing plans but nothing very positive has resulted from these efforts over the years. Nevertheless, the country needs a new system of planning and an essential requirement for this is a sound institutional framework coupled with good governance, chairman of the Gamani Corea Foundation (GCF) and […]
- CB Chief takes swipe at politicos, urges public to be mindful of whom they elect (Category: Breaking News)
- CMA Sri Lanka COVID 19 SME Development Conference: Celebrating UN – Micro, Small and Medium-Size... (Category: Breaking News)
- On being prepared: Sri Lankan experience (Category: Breaking News)
- Dr. P.B. to speak on Positioning Sri Lanka to be the Rising Star in Asia (Category: Breaking News)
Sampath Bank PLC, a leading private bank in Sri Lanka, is pleased to announce the appointment of Keith Modder as an Independent, Non-Executive Director, effective April 2, 2024. Modder brings with him over three decades of invaluable experience in global business leadership, spanning the United States, Europe, the Middle East, and the Asia Pacific regions. […]
- Sampath Bank beats HNB to win Badminton doubles grand slam (Category: Business)
- Bank Changes (Category: Business)
- Concessionary loan scheme for SMEs (Category: Breaking News)
- HNB General Insurance partners with SampathCards to make insurance easy with 0% interest payment... (Category: Breaking News)
Minister of Transport, Highways and Mass Media, Dr. Bandula Gunawardena, has stressed that any alteration, even as small as one-tenth, to the on-going government program spearheaded by President Ranil Wickremesinghe could pose a significant threat to the stability of the country once more. Despite numerous reports indicating an increase in poverty among the country’s most vulnerable, the minister ...
- The economic crisis can only be solved through the implementation of a comprehensive, long-term ... (Category: Breaking News)
- Sri Lanka to strengthen the poverty alleviation program, extend benefits to more families (Category: Breaking News)
- Targets for 2024 are 2.2million tourists and US$ 4billion in revenue – Minister of Tourism (Category: Breaking News)
- .Economic growth rate to be increased to 8 percent (Category: Breaking News)
In the midst of rising tensions between Islamabad and Kabul, the Defense Minister of Pakistan has issued a stern warning to the Taliban government in Afghanistan. Khwaja Asif, in an interview with Voice of America on March 20, hinted at the possibility of Pakistan blocking the trade corridor that facilitates goods flow between Afghanistan and […]
- Understanding Pakistan’s Struggle with Terrorism (Category: Breaking News)
- Pakistan Reaps What It Sowed (Category: Breaking News)
- What’s the Endgame for Afghanistan and Pakistan? (Category: Breaking News)
- India part of meeting on Kabul: ‘Military facilities of others in country unacceptable’ (Category: Breaking News)
Sri Lanka’s Cabinet of Ministers has given approval for amending the existing Prevention of Domestic Violence Act and presenting a new bill to Parliament in this regard.The post Sri Lanka set to introduce New Bill combatting Domestic Violence appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka: Prevention of Domestic Violence Act (Category: Breaking News)
- Govt. to put forward new Bill to combat domestic violence (Category: Breaking News)
- New Bill to Combat Domestic Violence – State Minister of Women and Children’s Affairs Geetha Kum... (Category: Breaking News)
- Prevention of Domestic Violence Act No. 34 of 2005 to be revoked and replaced by new act (Category: Breaking News)
Money, exchange rates, and money printing are crucial components of a nation’s monetary policy framework, wielding significant influence over economic and financial stability. This intricate relationship between these fundamental factors directly affects financial and economic dynamics. I am going to examine the nexus between these factors, clarifying their roles in the financial system and ...
- Inflation – Public Enemy Number One (Category: Breaking News)
- Central Bank expects economy to contract in second half of 2022 as well (Category: Breaking News)
- Steve Hanke on currency boards and flawed pegs amid Sri Lanka meltdown (Category: Breaking News)
- Sri Lanka policy rate unchanged as market rates rise, money printing warnings (Category: Breaking News)
Sri Lanka’s economy is projected to see moderate growth of 2.2% in 2024, showing signs of stabilization, following the severe economic downturn of 2022. But, the country still faces elevated poverty levels, income inequality, and labor market concerns, says the World Bank’s latest bi-annual update.The post Sri Lanka’s economy shows signs of stabilization, but poverty to remain elevated ̵...
- Sri Lanka s economy shows signs of stabilization, but poverty to remain elevated  World Bank (Category: Breaking News)
- Sri Lanka’s economy shows signs of stabilization, but poverty to remain elevated (Category: Breaking News)
- World Bank says Sri Lanka still faces elevated poverty levels (Category: Breaking News)
- Despite signs of stabilization, full economic recovery not yet assured – IMF Mission (Category: Breaking News)
Sri Lanka s economy is projected to see moderate growth of 2.2% in 2024, showing signs of stabilization, following the severe economic downturn of 2022. But, the country still faces elevated poverty levels, income inequality, and labor market concerns, says the World Bank s latest bi-annual update.
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