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President Ranil Wickremesinghe yesterday (19) announced the establishment of a new development bank to provide financial support to industrialists in Sri Lanka. This initiative will offer industrialists the opportunity to obtain loans at low interest rates, the President declared. The President also revealed plans to set up an Economic Commission to oversee these activities. A […]
President Ranil Wickremesinghe has expressed hope to reach an agreement with creditor nations in the next few weeks, it wasContinue ReadingThe post Sri Lanka hopeful of agreement with creditor nations in next few weeks appeared first on Newswire.
…interest payments alone increased by USD 2.8 bn; foreign debt USD 100 bn By Shamindra Ferdinando Declaring that the economy had further deteriorated under President Ranil Wickremesinghe’s watch since July 2022, dissident SLPP parliamentarian Prof. G. L. Peiris said that the government
[…]The post Road To Bankruptcy: The Role Of Foreign Currency Flows & Economic Vulnerabilities In Sri Lanka appeared first on Colombo Telegraph.
[…]The post AKD’s NPP Must Win, But Where Is His Agenda & Platform? appeared first on Colombo Telegraph.
nation was starting to recover, but the economy was “still vulnerable and the path […]
The World Bank has updated its economic outlook for Sri Lanka, forecasting a modest expansion of 2.2% in 2024.The post World Bank upgrades Sri Lanka’s 2024 growth forecast to 2.2% amid tourism rebound appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
The International Monetary Fund (IMF) announced the completion of the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing Sri Lanka to draw SDR 254 million (about US$ 336 million).The post IMF approves $336 million for Sri Lanka after second review appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
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[…]The post President RW Emphasizes He Has Not Deviated From The Principles Of The Democratic Socialist System appeared first on Colombo Telegraph.
The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR 254 million (about US$336 million). This brings the total IMF financial support disbursed so far to SDR 762 million (about US$1 billion). The Executive Board also concluded the […]
The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, with Sri Lanka allowing the authorities to draw about US$336 million. This brings the total IMF financial support disbursed so far to SDR 762 million (about US$1 billion). The Executive Board also concluded the […]
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[…]The post Proposed Enactment Of The Economic Transformation Bill appeared first on Colombo Telegraph.
[…]The post Plan For Transforming The Economy: Lacking Democratic Policy Governance, Will It Be Another Failure? appeared first on Colombo Telegraph.
In an inspired strategic move to rejuvenate foreign investment in the real estate sector, the Sri Lankan Department of Immigration and Emigration has reintroduced the “Investor Visa” program. This revamped initiative, aimed specifically at non-Sri Lankans interested in purchasing condominium units, is set to go live online on June 1st, 2024. The announcement followed a […]
During the “Advancing Energy Transition” round table discussion at the Hilton Colombo on Wednesday (29) morning, President Ranil Wickremesinghe emphasized the need for a comprehensive plan to exploit renewable energy and explore future trends in green hydrogen in Sri Lanka. The event, held in collaboration with the World Bank, the Ministry of Power and Energy, […]
Sri Lanka is studying South Australia’s energy transition policy, which looks at net-zero emissions by 2050. President Ranil Wickremesinghe said that Sri Lanka needs to decide if it requires energy transition legislation. “Some countries have energy transition legislation. We have also looked at that. We have looked at some areas such as South Australia. It […]
[…]The post Quo Vadis? – Feeding The 225; Don’t Wait For The State; Let’s Act On Our Own appeared first on Colombo Telegraph.
The Central Bank of Sri Lanka has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) at their current levels of 8.50 per cent and 9.50 per cent, respectively. The Monetary Policy Board of the Central Bank of Sri Lanka arrived at this decision after carefully assessing the […]
The United National Party (UNP), led by President Ranil Wickremesinghe, has proposed a referendum to extend the terms of both the Sri Lankan President and Parliament by two years.The post UNP proposes referendum to Extend Presidential and Parliamentary terms by two years appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) at 8.50 percent and the Standing Lending Facility Rate (SLFR) at 9.50 percent.The post Central Bank of Sri Lanka maintains Policy Rates to support Economic Recovery appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
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Sri Lanka's consumer price inflation rose to 2.7% in April from 2.5% in March, according to official data released on Tuesday, as reported by Reuters.The post Sri Lanka’s April inflation climbs to 2.7%, up from March’s 2.5% appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
emerge, the Sri Lankan economy is expected to achieve moderate growth in 2024, […]
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