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Washington (District of Columbia, United States) The International Monetary Fund released $336 million as part of a bailout loan instalment for Sri Lanka despite delays in the crucial restructuring of its foreign debt, including to China, the Washington-based lender said Wednesday. The South Asian nation was starting to recover, but the economy was “still vulnerable and the path […]
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- Debt restructuring strategy out in April (Category: Breaking News)
- Cancel Sri Lanka s debt, global economists tell creditors (Category: Breaking News)
- Sri Lanka s debt repayments to be suspended until 2028 (Category: Breaking News)
La.Perfumerie.lk, a distinguished name in Sri Lanka’s fragrance industry recently celebrated its third anniversary, commemorating this milestone with the launch of three exquisite new fragrances in their signature ACE perfume range. This event marked a significant journey of innovation, dedication, and a commitment to making luxury scents accessible to all. Founded in October 2019, La.Perfum...
- Movenpick Colombo rebranded as NH Collection Colombo (Category: Breaking News)
- Sinopec Unveiled its First Renovated Filling Station with a New Image & New Facilities (Category: Breaking News)
- Sri Lanka’s Mathews admits ‘we let country down’ at T20 World Cup (Category: Breaking News)
- Retired top Police investigators extend support to NPP (Category: Breaking News)
Egg on the face or the Emperor’s new clothes? Pick what you will. Both the president and his government has made a song and dance about a Rs. 1,700 daily wage for plantation workers with President Ranil Wickremesinghe announcing it on May Day at a Ceylon Workers Congress (CWC) rally at Kotagala. Shortly thereafter Labour […]
- Thondaman alleges PA is in the grip of chartered accountants (Category: Breaking News)
- Rs. 1,700 minimum wage for estate workers: Govt. claims win in first round (Category: Breaking News)
- Govt prepared to confront legal action from companies over estate workers wage hike - Jeevan (Category: Breaking News)
- Minister Jeevan warns plantation companies (Category: Breaking News)
Star Sri Lanka allrounder Angelo Mathews admitted Saturday that “we’ve let the entire nation down” as the former champions suffered a first round exit at the T20 World Cup. Sri Lanka, the champions in 2014, play their final Group D game on Sunday against the Netherlands after losing to Bangladesh and South Africa. Their only […]
- MCC backs umpires in Mathews ‘time-out’ furore (Category: Breaking News)
- US envoy meets Sri Lankan diaspora in Staten Island (Category: Breaking News)
- Chinese Navy hospital ship to visit Sri Lanka (Category: Breaking News)
- Elon Musk thanks Ranil for greenlight to launch Starlink (Category: Breaking News)
[…]The post Israel Is Fast Becoming A Pariah Nation In World Politics appeared first on Colombo Telegraph.
- Palestinians, The Terrorists & Israelis, The Victims (Category: Breaking News)
- Hamas Onslaught, Israeli Revenge & The Return Of Diplomacy (Category: Breaking News)
- On Whose Side Is God? (Category: Breaking News)
- People Called On To Play Direct Role To Sustain Democracy (Category: Breaking News)
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.
- World Bank boosts Sri Lanka economic forecasts after inflation progress (Category: Breaking News)
- Sri Lanka shows signs of recovery but must maintain reform momentum: ADB (Category: Breaking News)
- Timely, credible structural reforms vital for Sri Lanka to reset its course: World Bank (Category: Breaking News)
- Sri Lanka balances polls and crisis recovery in 2024 budget deliberations (Category: Breaking News)
A high level delegation headed by the State Minister of Foreign Affairs Tharaka Balasuriya is scheduled to visit Russia to arrange for the repatriation of Sri Lankan ex-military personnel deployed in Russia for military purposes and the related discussions will be held on June 26 and 27, said Minister of Foreign Affairs, President’s Counsel Ali […]
- Government appoints delegation to check on Sri Lankans embroiled in Russia-Ukraine conflict – St... (Category: Breaking News)
- A special discussion will be held in Russia on June 26-27 to facilitate the return of Sri Lankan... (Category: Breaking News)
- Sri Lanka External Affairs Minister to visit Russia and Kazakhstan (Category: Breaking News)
- GL to visit Russia and Kazakhstan (Category: Breaking News)
Chair of the Sectoral Oversight Committee on National Security retired Vice Admiral Sarath Weerasekera has said an external mechanism is in place to prepare the ground for a war crimes probe against the Sri Lankan military and those who provided political leadership for the country’s war on terror. Addressing the last SOC held in the Parliamentary complex, […]
- Govt. urged to seek UK position on Naseby disclosure (Category: Breaking News)
- ‘Genocide’: Dire warning issued over Canadian move, Sabry asked to move resolution in parliament (Category: Breaking News)
- Amnesty International head to join M’vaikkal commemoration (Category: Breaking News)
- Sarath draws RW’s attention to humiliation of military officers (Category: Breaking News)
The International Monetary Fund (IMF) says that there has been sufficient progress for Sri Lanka’s Debt Restructuring process to move forward. Joining the IMF press briefing on Sri Lanka’s second review of EFF programme held virtually yesterday morning (14), IMF Senior Mission Chief for Sri Lanka Peter Breuer stated that the IMF fully respect the democratic […]
- Serious consequences of failing to implement IMF programme (Category: Breaking News)
- President now expects IMF bailout next month (Category: Breaking News)
- Delays in governance and transparency reforms in Lanka’s IMF bailout programme, says Verité Rese... (Category: Breaking News)
- IMF working with a government without a mandate – Handunnetti (Category: Breaking News)
Arrangements are being made by the Faculty of Social Sciences and Languages of the Sabaragumawa University to hold its second International Conference on Social Sciences and Languages (ICSSL) on the 18th and 19th of December 2024. A press release said that the conference will feature a wide range of presentations on multidisciplinary research activities in the fields of social sciences […]
- Issues and Challenges of Humanities and Social Sciences Education in Sri Lanka (Category: Breaking News)
- Pastoral Literature Translation workshop cum conference in Bangkok (Category: Breaking News)
- Discussion on rethinking civil society’ today (Category: Business)
- Pera PGIA Annual Congress (Category: Breaking News)
The UN World Food Programme has welcomed Saudi Arabia’s donation of 300 tonnes of dates for vulnerable children in Sri Lanka.Provided through Saudi Arabia’s aid agency KSrelief, the dates will be given to primary grade children enrolled in the country’s national school meal program. The contribution was acknowledged at a signing event on Tuesday between […]
- UN welcomes Saudi date donation for Sri Lanka kids (Category: Breaking News)
- Sri Lankans among the highest-paid foreign employees in Saudi Arabia (Category: Breaking News)
- Special notice on commencement of second phase of third school term (Category: Breaking News)
- Saudi Arabia and Sri Lanka agree to strengthen cooperation in several sectors (Category: Breaking News)
Groundbreaking solar-powered battery swapping stations recognized for their impact on sustainable urban mobility and economic development in Sri Lanka The U.S. Embassy announced on Friday that Sri Lanka’s USAID-funded Sri Lanka Energy Project (SLEP) has received top honours at the 2024 annual conference for the Society for International Development, the premier U.S. event for international [̷...
- Sling Hope (Category: Business)
- Sling King (Category: Business)
- Well-orchestrated drama to sling mud at Sri Lanka (Category: Breaking News)
- USAID to establish battery-operated swapping stations for E-bikes (Category: Breaking News)
Sri Lanka’s HC in the UK Rohitha Bogollagama has sought an opportunity to engage in further discussions on the UK models of devolution with the Ministry of Justice and the Scottish government representatives.The Foreign Ministry revealed this in a press release issued on Wednesday (12) regarding a team led by HC Bogollagama with the UK […]
- Bogollagama assumes duties as new SL High Commissioner-designate to UK (Category: Breaking News)
- Bogollagama meets British MP of Lankan descent (Category: Breaking News)
- Rohitha Bogollagama appointed Sri Lanka s High Commissioner to UK (Category: Breaking News)
- UK, Sri Lanka to review foreign and security policies in ‘strategic’ dialogue tomorrow (Category: Breaking News)
The Colombo Stock Exchange’s (CSE) implementation of the shortened settlement cycle for equity trades has been executed seamlessly with the first settlement under the T+ 2 cycle taking place on 12th June 2024, marking a significant milestone in Sri Lankan Capital Market operations. Investors have experienced swift payment processing, receiving their funds within two days […]
- Unrelenting (Category: Technology)
- SEC chairman calls for positive mindset, better housekeeping and collaborative synergies (Category: Breaking News)
- Cycle, walking lanes for bridge (Category: Australia, Tasmania )
- Linn Duchaill (Category: Technology)
A tournament of firsts has an addition: this is the first time South Africa and Nepal will meet on the international circuit. And they do so from opposite ends of the group’s points table. South Africa advanced to the Super Eight after the Nepal-Sri Lanka washout, but would have likely made it there anyway. They […]
- Nepal fall short by one run as Shamsi leads South Africa into Super Eight with spotless record (Category: Breaking News)
- Nepal smash records with fastest century and fifty in men’s T20Is (Category: Breaking News)
- Netherlands vs Nepal – the one match neither team can afford to lose (Category: Breaking News)
- Mathews on Sri Lanka’s exit: ‘We’ve let the entire nation down’ (Category: Breaking News)
The U.S. Ambassador in Colombo, Julie Chung, says that the United States welcomes the International Monetary Fund’s (IMF) approval of Sri Lanka’s second review of the Extended Fund Facility (EFF) programme.The post United States encourages Sri Lanka to stay committed to reforms appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Victoria Nuland arrives in Sri Lanka (Category: Breaking News)
- Julie Chung slams Wimal Weerawansa’s book saying ‘that should be labelled fiction’ (Category: Breaking News)
- Local Government Elections are critical for Sri Lanka – Julie Chung (Category: Breaking News)
- U.S. Ambassador Julie Chung meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
The US Ambassador in Colombo Julie Chung says that the United States welcomes the International Monetary Fund s (IMF) approval of Sri Lanka s second review of the Extended Fund Facility (EFF) programme.
The International Monetary Fund (IMF) states that sufficient progress has been made for Sri Lanka's debt restructuring process to move forward.The post IMF reports progress in Sri Lanka’s debt restructuring amid economic vulnerabilities appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- IMF hints no room for any new govt. to wriggle out of agreed reforms after polls (Category: Breaking News)
- Sri Lanka to receive first tranche of IMF funds in two days (Category: Breaking News)
- IMF Staff concludes visit to Sri Lanka and issued official statement (Category: Breaking News)
- IMF says Sri Lanka must reach timely restructuring deals with creditors (Category: Breaking News)
The International Monetary Fund (IMF) announced today (June 14) that Sri Lankan authorities have formulated an initial roadmap to relax restrictions on motor vehicle imports by 2025.The post IMF reports Sri Lanka’s roadmap to relax motor vehicle import restrictions by 2025 appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Sri Lanka to lift restrictions on vehicle imports by 2025 (Category: Breaking News)
- Vehicle import ban: traders want to be consulted in decision-making (Category: Breaking News)
- Sri Lanka to relax Import restrictions on 328 more items from tonight (Category: Breaking News)
- Sri Lanka to relax import restrictions imposed on vehicles used for public transport (Category: Breaking News)
On June 10, the Sri Lanka Foundation Institute hosted a significant seminar titled, "Is There Another Way? Debt Restructuring, IMF and the Future of Sri Lanka"The post Is There Another Way? Debt Restructuring, IMF and Future of Sri Lanka appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Cancel Sri Lanka’s debt, global economists tell creditors (Category: Breaking News)
- China tells IMF willing to take constructive part in debt talks (Category: Breaking News)
- Sri Lanka President highlighted challenges faced in debt restructuring process to U.S. Treasury ... (Category: Breaking News)
- India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
SriLankan Airline CEO Richard Nuttall said that the government is on its way to privatize several state-owned enterprises as part of the International Monetary Fund (IMF) program and one of those is the flag carrier of the island nation.The post Privatization of SriLankan Airlines Part of IMF Program, Says CEO appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANK...
- Proposed privatisation of SriLankan in line with IMF remedy – CEO (Category: Breaking News)
- Privatisation of SriLankan Airlines is part of IMF program, says CEO (Category: Breaking News)
- SriLankan CEO believes ‘worst is over’, expects $50 Million profit next year (Category: Breaking News)
- Sri Lanka airline boss says ‘don’t be a CEO during Covid’ (Category: Breaking News)
The International Monetary Fund (IMF) announced the completion of the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing Sri Lanka to draw SDR 254 million (about US$ 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.
- IMF Executive Board approves another US$336 million for Sri Lanka (Category: Breaking News)
- IMF and Sri Lankan Authorities Reach Staff-Level Agreement on Economic Policies (Category: Breaking News)
- IMF reaches staff-level agreement on first review of Sri Lanka’s Extended Fund Facility arrangem... (Category: Breaking News)
- Despite signs of stabilization, full economic recovery not yet assured – IMF Mission (Category: Breaking News)
[…]The post Critique On IMF’s Second Review Under Extended Fund Facility appeared first on Colombo Telegraph.
- Entrepreneurs Argue Against Unpredictable Exchange Rate, Interest Rates & Tax Policy (Category: Breaking News)
- From Socialism To Success: Sweden’s Economic Evolution (Category: Breaking News)
- Only A Unified Approach Can Solve The Economic Crisis (Category: Breaking News)
- 600 Articles Over 11 Years: What Did They Tell The Reading Public & Policymakers? (Category: Breaking News)
The former Sri Lankan Permanent Representative to the United Nations in Geneva, Dr. Dayan Jayatilleka says that Sri Lanka could have struck a better deal with the International Monetary Fund (IMF), if the island nation went to the international lender as a bipartite team consisting of both government and opposition parties.
The International Monetary Fund (IMF) says that there is sufficient progress for Sri Lanka s Debt Restructuring process to move forward.
Govt.: ‘Is Opposition resorting to act of terrorism to ruin economy?’ State Minister of Finance Shehan Semasinghe, yesterday, asked the Opposition not to disseminate false information, which was fraught with the danger of disrupting the economic recovery process, which had received a boost from the release by the IMF of another USD 336 million under its […]
- Economic Czar (Category: Business)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
SriLankan Airlines CEO Richard Nuttall has declared that the Wickremesinghe-Rajapaksa government intends to privatise several state-owned enterprises, including SriLankan as part of the International Monetary Fund (IMF) programme. Asian News International quoted Nuttall as having said on Wednesday (13): “The government is trying to privatise a number of state-owned enterprises as a part of t...
- Privatisation of SriLankan Airlines is part of IMF program, says CEO (Category: Breaking News)
- Union: UL will be stripped of profitable units to ensure no takers for national carrier (Category: Breaking News)
- SriLankan CEO believes worst is over , expects $50 mn profit next year (Category: Breaking News)
- Privatization of SriLankan Airlines Part of IMF Program, Says CEO (Category: Breaking News)
The Colombo High Court yesterday (13) temporarily lifted the overseas travel ban imposed on the Chairman of Perpetual Treasuries Limited (PTL) Geoffrey Aloysius.The travel ban was imposed consequent to the disclosure of the PTL’s involvement in Treasury bond scams in 2015 and 2016. This order was issued when the relevant case was taken up before […]
- Overseas travel ban on Perpetual Treasuries Chairman temporarily lifted (Category: Breaking News)
- Biden acts to reverse immigration restrictions, open up new pathways to citizenship (Category: USA, Minnesota)
- Biden acts to reverse immigration restrictions, open up new pathways to citizenship (Category: USA, Minnesota)
- Biden acts to reverse immigration restrictions, open up new pathways to citizenship (Category: USA, Minnesota)
Rex Clementine in Miami Life came to a standstill here in Miami on Wednesday due to torrential rain and subsequent flood and the Sri Lankan team was left stranded in their hotel in Fort Lauderdale. After the team was knocked out of the ICC T-20 World Cup with the game against Nepal washed out, Sri […]
- IMF final review discussion with President today (Category: Breaking News)
- Police team off to Dubai to bring back SL criminals (Category: Breaking News)
- Sri Lanka team departs for ICC T20 World Cup (Category: Breaking News)
- Chamari named captain of ICC Women s T20I Team of the Year (Category: Breaking News)
A ten-Day Yoga Mahotsav celebrating the 10th International Day of Yoga (IDY) was launched yesterday (13) at Colombo National Museum. The event was celebrated under this year’s IDY theme ‘Yoga for Women Empowerment’ with over 200 students participating from different schools in Colombo. Yoga Mahotsav 2024 is being organised by Swami Vivekananda Cultural Centre (SVCC), […]
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