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Sri Lanka said it held a productive meeting with its bilateral creditors, which include India and China, on Thursday as the country looks to restructure its debt and carve a path out of its worst financial crisis in decades.The post Sri Lanka holds debt restructuring talks with bilateral creditors appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- 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 creditor nations to meet despite uncertainty on China (Category: Breaking News)
- Sri Lanka postpones debt restructuring talks, hopes for IMF deal in December (Category: Breaking News)
Hundreds of people marched in Sri Lanka's largest city Colombo on Wednesday protesting against higher taxes, inflation and alleged state-led repression as the country struggles to emerge from its worst financial crisis in seven decades.The post Hundreds march in crisis-hit Sri Lanka protesting tax hikes, crackdowns appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News...
- Police fire tear gas at protestors in Maradana (Category: Breaking News)
- Sri Lanka could tip back to chaos if six-time Prime Minister voted President (Category: Breaking News)
- Sri Lanka’s government employees to protest demanding Rs. 20,000 salary hike (Category: Breaking News)
- Police secures court order to block NPP protest planned for today (Category: Breaking News)
Bangladesh has stated that it would be hopeful Sri Lanka could pay back the $200 million debt that it owes to the country by March 2023, said a news report published by BD News 24, an English and Bengali language news website of Bangladesh. The report said: Abdur Rouf Talukder, Governor of Bangladesh Bank, provided […]
- Sri Lanka pays off $200 million loan from Bangladesh with $4.5 million interest (Category: Breaking News)
- Sri Lanka returns another $100 million to Bangladesh (Category: Breaking News)
- Bangladesh extends time granted for Sri Lanka to pay USD 200m loan (Category: Breaking News)
- Sri Lanka given more time to repay Bangladesh’s $200 Million loan (Category: Breaking News)
Bangladesh is hopeful that Sri Lanka will repay the debt of $200 million that it owes to the country by March 2023.The post Bangladesh hopeful Sri Lanka will repay debt of $200 Million by March 2023 appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka given more time to repay Bangladesh’s $200 Million loan (Category: Breaking News)
- Bangladesh hopeful Sri Lanka will repay $200 million debt on time (Category: Breaking News)
- Bangladesh reminds SL of its loan (Category: Breaking News)
- Bangladesh expects Sri Lanka to repay $200 million by March 2023 (Category: Breaking News)
Bangladesh is hopeful that Sri Lanka will repay the debt of $200 million that it owes to the country by March 2023. Abdur Rouf Talukder, Governor of Bangladesh Bank, provided a positive outlook on the matter after a meeting with his Sri Lankan counterpart Nandalal Weerasinghe in the United States. The central bank chief travelled […]
- Bangladesh gives Sri Lanka more time to repay $200 million loan (Category: Breaking News)
- Bangladesh gives Sri Lanka 6 more months to repay $200m loan (Category: Breaking News)
- IMF reiterates prior actions Sri Lanka must take to approve funds (Category: Breaking News)
- Sri Lanka thrashes Bangladesh in second Test, wins series (Category: Breaking News)
China has put brakes on its ambitious Belt and Road Initiative (BRI) after it realised its finances are in a mess with nearly 60 per cent of foreign country loans piling up, as those countries are in financial distress and there is no question of repayment. The world’s financial experts believe China is learning a […]
- China keeps Pakistan, Sri Lanka waiting on loan deals (Category: Breaking News)
- Foreign Ministry ‘embarrassed’ by China’s dry relief package distribution (Category: Breaking News)
- China miffed with Tibetan leader’s testimony before Canadian parliament (Category: Breaking News)
- Bad news for Beijing: Colombo will not allow China to use Sri Lanka as base to threaten India (Category: Breaking News)
A key measure of Sri Lanka's consumer inflation surged to an annual record 69.8% in September, official data showed on Friday, highlighting the challenge for the central bank as the island reels under its worst financial crisis in seven decades.The post Sri Lanka’s key inflation rate surges to record, keeps central bank pressured appeared first on Sri Lanka News - Latest Breaking News in Sri...
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Rising food prices drive Sri Lanka inflation up to 4.2% in December (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 4% in August (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 54.2% in January (Category: Breaking News)
[…]The post How We Came To This Pass – The Aragalaya Challenge appeared first on Colombo Telegraph.
- How We Came To This Pass – On The “Non-Rule Of Law System” (Category: Breaking News)
- How We Came To This Pass: A Quest For Scapegoats (Category: Breaking News)
- How We Came To This Pass – Waiting On IMF (Category: Breaking News)
- Anniversary Angst (Category: Breaking News)
= Ban on imported cosmetic products hampers industry = Marked decrease in consumers patronising salons = Developing Sri Lanka as a wedding-hub ‘fading away’ = Urges President to help protect the self-reliant industry By Sanath Nanayakkare Ninety percent of salons across Sri Lanka are at the risk of closure unless the temporary ban on imported […]
- RF Asia International revolutionises the cosmetic industry (Category: Business)
- FCCISL promotes India Salon Pro and Beauty Market in Mumbai (Category: Business)
- Taliban are outlawing women s beauty salons in Afghanistan (Category: Breaking News)
- Beauty salons to be inspected from today (Category: Breaking News)
The country has lost several hundred thousand jobs to Covid-19. The impact of the agrochemical ban on agriculture, the mismanagement of the exchange rate, a highly accommodative monetary policy, and the use of foreign exchange reserves for debt repayment thwarted the country’s ability
- Sri Lanka will be secured if India is secured - Gopal Baglay (Category: Breaking News)
- India hoping for early solution for Sri Lankan crisis through democratic means (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- U.S. announces additional $5.75 Mn in response to Sri Lanka s economic crisis (Category: Breaking News)
Crisis-hit Sri Lanka will begin on Friday the tricky task of debt renegotiation with a raft of private and bilateral creditors, including China, India and Japan, to restructure and repay nearly $30 billion that it owes.The post Sri Lanka set to begin talks to restructure debt of $30 Billion appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka could wrap up debt restructure talks by Sept, president says (Category: Breaking News)
- Analysis: China paves Sri Lanka’s way to IMF funds, but debt talks remain uncertain (Category: Breaking News)
- Sri Lanka central bank chief says sovereign lenders yet to outline debt talks plans (Category: Breaking News)
(PTI) The Sri Lankan government will virtually brief all its external creditors, on September 23, on the deal agreed with the International Monetary Fund (IMF) for the economic recovery and the next steps in the debt restructuring process. On September 1, the IMF reached a staff-level agreement to support Sri Lanka’s economic policies with a 48-month arrangement […]
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
- Sri Lanka resumes bailout discussions with IMF (Category: Breaking News)
- Sri Lanka confident of meeting conditions for IMF funding soon (Category: Breaking News)
- Sri Lanka on China-IMF agenda (Category: Breaking News)
Financial advisory group Lazard (LAZ.N) has started talks with India, China and Japan on restructuring Sri Lanka's debt, a spokesman for the Sri Lanka government said on Tuesday, as the crisis-hit island nation seeks an International Monetary Fund (IMF) bailout.The post Lazard in talks with China, India, Japan on Sri Lanka debt appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka -...
- Lazard initiates talks with India, China Japan on restructuring Sri Lanka debt (Category: Breaking News)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Japan to organize Sri Lanka creditors’ meeting by year-end – report (Category: Breaking News)
- Sri Lanka already started ‘low level’ talks with India, China on debt restructuring – President (Category: Breaking News)
An online crowdfunding platform titled ‘Rebuild Sri Lanka’ launched by the United Nations Development Programme (UNDP) is now live providing the opportunity for global citizens to contribute to alleviating the impacts of the crisis in the island nation, the UNDP said.The facility can be accessed at www.undp.org/srilanka/donate. Sri Lanka is undergoing its worst economic crisis […]
- ÂRebuild Sri LankaÂ- UNDP-led crowdfunding platform launched (Category: Breaking News)
- UNDP launches ‘Rebuild Sri Lanka’ crowdfunding platform (Category: Breaking News)
- UNDP appeals for assistance to help rebuild Sri Lanka (Category: Breaking News)
- Government and UNDP map out SDG investment for private sector to support recovery (Category: Breaking News)
Interested parties can contribute to two ailing sectors: healthcare and food.
- UNDP launches ‘Rebuild Sri Lanka’ crowdfunding platform (Category: Breaking News)
- Helping Hand (Category: Business)
- Rebuild Effort (Category: Business)
- ÂRebuild Sri LankaÂ- UNDP-led crowdfunding platform launched (Category: Breaking News)
The country is yet to see the impacts of economic crisis easing.
- Rescue Deal (Category: Business)
- Sri Lanka Devalues Rupee, Plans Tax Cuts to Support Growth (Category: Breaking News)
- Current phase of global recovery and implications for Sri Lanka (Category: Breaking News)
- Budget is vital for development (Category: Breaking News)
Sri Lanka's president is set to slash expenditure when he presents an interim budget on Tuesday to see the crisis-ridden country through the rest of the year, amid discussions with the International Monetary Fund on a bailout package.The post Sri Lanka’s president to cut spending in interim budget appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- President not informed about appointment of Interim Committee for Sri Lanka Cricket (Category: Breaking News)
- Sri Lanka President says Presidential, Parliamentary Elections will be held in 2024 (Category: Breaking News)
- Interim Budget 2022 passed in Parliament (Category: Breaking News)
- 2023 Budget aimed at long-term, stable economic growth to be presented to Parliament tomorrow (Category: Breaking News)
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 - ...
- Sri Lanka could wrap up debt restructure talks by Sept, president says (Category: Breaking News)
- Sri Lanka already started ‘low level’ talks with India, China on debt restructuring – President (Category: Breaking News)
- Sri Lanka president to hold debt talks on France visit – sources (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
[…]The post JR & Expert Advice: Failing To Implement Goh Keng Swee Report Of 1980 appeared first on Colombo Telegraph.
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
- Sri Lanka’s tragedy and the lost wisdom of D S Senanayake on money printing (Category: Breaking News)
- A Child’s Guide To Currency Boards: Why Did Ceylon Give Up The Currency Board, While Singapore D... (Category: Breaking News)
- Sri Lanka President revises budget amid inflationary blow off (Category: Breaking News)
The 25th Annual General Meeting of the Sri Lanka – Singapore Business Council (SLSBC) of The Ceylon Chamber of Commerce was held on 27th July, 2022 via Zoom. The SLSBC was inaugurated in 1997 under the aegis of the Ceylon Chamber of Commerce with the objective of promoting trade, investments, tourism and services between Sri […]
- “Sri Lanka has enormous growth potential”: Robyn Mudie (Category: Business)
- Sri Lanka-Vietnam Business Council holds first AGM (Category: Business)
- Cabinet nod for selecting consultants to sell Insurance Corporation, Litro, etc. (Category: Breaking News)
- Sri Lanka – Australia – New Zealand Business Council holds 16th AGM (Category: Business)
[…]The post The Aragalaya & Morality appeared first on Colombo Telegraph.
- Why I Don’t Support The Aragalaya (Category: Breaking News)
- Ranil-Gota Twosome: One Gone, The Other Is Acting Up (Category: Breaking News)
- Futility Of Transforming A Nation Built Over A Political Cesspit (Category: Breaking News)
- Saying No To Authoritarian Governance (Category: Breaking News)
[…]The post Protest Movement Can Rebound Unless Government Legitimacy Is Restored appeared first on Colombo Telegraph.
- Legitimate Demands Of Protestors Need To Me Met (Category: Breaking News)
- Representative Democracy Is To Heed The Voice Of The People (Category: Breaking News)
- President Needs To Implement Pledges Before Elections (Category: Breaking News)
- Criminalising Public Protest Will Only Delay The Inevitable (Category: Breaking News)
by Jehan Perera The government appears to have secured political stability in the short term. So far President Ranil Wickremesinghe’s efforts to restore stability appear to be working. Political stability is necessary for decisions to be made and kept. It is a necessary element for international support to come in. One of the IMF’s conditions […]
- Political engagement with Aragayala necessary (Category: Breaking News)
- SL hopes for productive talks at IMF WB spring meetings (Category: Breaking News)
- Deeds now matter more than promises for the future (Category: Breaking News)
- True reconciliation requires including all in the state’s care, concern and protection (Category: Breaking News)
[…]The post 600 Articles Over 11 Years: What Did They Tell The Reading Public & Policymakers? appeared first on Colombo Telegraph.
- IMF Facility? Is It Sufficient To Deliver Prosperity To Sri Lankans? (Category: Breaking News)
- My View Completes 13 Years: Still Batting & Not-Out Yet (Category: Breaking News)
- A Child’s Guide To Acute Macro Imbalances: Ignore It At Your Own Peril (Category: Breaking News)
- A Child’s Guide To Acute Macro Imbalances: Ignore It At Your Own Peril (Category: Breaking News)
Sri Lanka will restart bailout talks with the International Monetary Fund (IMF) in August, its new president said on Wednesday, while calling on lawmakers to form an all-party government to resolve a crippling economic crisis.The post Sri Lanka to restart IMF bailout talks, president calls for unity Government appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri L...
- IMF bailout package has unlocked new path to create better future for youth and uplift the count... (Category: Breaking News)
- Sri Lanka to start next round of talks with creditors in April (Category: Breaking News)
- Sri Lanka President says it’s not right time for Rajapaksa to return after fleeing country, WSJ ... (Category: Breaking News)
- Sri Lanka has made good progress in negotiations with IMF – CBSL chief (Category: Breaking News)
[…]The post Poor Governance: Lack Of Policies To Overcome The Crises appeared first on Colombo Telegraph.
- The Current System & Unlawful Actions (Category: Breaking News)
- Options For Interim Govt. To Overcome The Crisis (Category: Breaking News)
- Aragalaya: Manufactured Economic Crisis & Peoples’ Suffering (Category: Breaking News)
- President Must Resign Now! (Category: Breaking News)
We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake
- CBSL warns market players of stern action (Category: Breaking News)
- CBSL reiterates importance of ‘fair play’ by all stakeholders of economy in countering economic ... (Category: Breaking News)
- Sri Lanka exporters say committed to repatriating funds (Category: Breaking News)
- Sri Lanka CB takes on task finding dollars for food after open account ban (Category: Breaking News)
By Easwaran Rutnam Sri Lanka must reach an agreement with its creditors before the International Monitoring Fund (IMF) can step in and provide financial assistance, the IMF said. Responding to questions during a Twitter Space discussion last evening, IMF Chief Economist Pierre-Olivier Gourinchas said that the IMF is concerned about the situation in Sri Lanka. […]
- IMF notes Sri Lanka still in talks with official bilateral creditors (Category: Breaking News)
- IMF waiting for Sri Lanka to do the needful (Category: Breaking News)
- UN says Sri Lanka’s misery a warning to the world (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
Hambantota in southern Sri Lanka housed ousted President Gotabaya Rajapaksa following the recent crisis, until he was forced to flee the country entirely. That continues a trend of the city, and especially its strategic deep-sea port, being in the news for all the wrong reasons. In 2017, when Sri Lanka found itself struggling to make […]
- Over 400 respond (Category: Breaking News)
- IFC to provide $400 million to banks in Sri Lanka (Category: Breaking News)
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- IPO To Raise Rs. 400 mn (Category: Breaking News)
By Anjana Pasricha NEW DELHI — In Colombo, Sri Lanka’s capital, a sprawling port city showcased as a financial hub to rival Dubai is being set up on 269 hectares of land dredged from the sea. It is the latest of the huge Chinese-funded infrastructure projects in the island country that include a port and […]
- Perils of Chinese Investment in Sri Lanka (Category: Breaking News)
- Chinese state-owned firm to build major Sri Lanka port complex (Category: Breaking News)
- Sri Lana PM laments unilateral termination of Japan, India-funded projects (Category: Breaking News)
- Sri Lanka should prevent Chinese vessel from reaching Hambantota port (Category: Breaking News)
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