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Market hopes an all-party government under new president could ease political crisis.
The market hopes some stability after parliament elects a new president on July 20
[…]The post Ranil’s Election To Pave The Way For Gota’s Return appeared first on Colombo Telegraph.
As the Sri Lankan political crisis continues to rage, China has not made any comments and this has made it evident that the ouster of the Rajapaksa family from power is set to have long-term implications for the Chinese, media reports said. In more than half a century for which the Rajapaksas held public offices […]
Central bank gets ACU dollar to peg and also force purchase dollars through a surrender rule to prevent a float
Broadly the same opinion across the South, North and East
The people should be allowed to express their opinion with regard to the political future of the country at the earliest possible opportunity, the Central Bank Executive Officers Union (CBEOU) said in a press release. The release:’ The primary demand of the people’s movement held on July 9, 2022 was to compel the then President […]
[…]The post The Lost Revolution appeared first on Colombo Telegraph.
Protesters have said they are now being targeted by the government under Wickremesinghe.
[…]The post 9th July Revolution Ousted Rajapaksa Dynasty; So, Let It Imprimatur appeared first on Colombo Telegraph.
[…]The post Good Bye Ranil; “Welcome” President Dulles Alahapperuma appeared first on Colombo Telegraph.
[…]The post Unelected & Unconstitutional MP Becoming The President? appeared first on Colombo Telegraph.
Some confidence returns to the market after President Gotabaya Rajapaksa resigned.
A criminal investigation has been launched into allegations that three Gota Go Gama (GGG) activists had received large sums of money in their bank accounts. According to reports, the Criminal Investigations Department (CID) launched the investigation after the three activists allegedly received funds into their local bank accounts from overseas. The three activists, including a […]
ECONOMYNEXT – Sri Lanka’s Bond and Treasury bill yield continued to edge lower with stronger demand dealers said with holders of bonds who bought at high yields continuing to hold on to them, dealers said.A bond maturing on 01.06.25 was quoted at 26.30/27.25 down from 27.00/28.00 percent from last week’s close.A bond maturing on 15.07.29 was quoted at 28.00/30 down from 28.00/29.00 per...
Sri Lanka has not reached any initial agreement with the IMF on debt relief, and its largest creditors - the Asian Development Bank (ADB) and the World Bank - are urged to come up with a package that would speed up its debt restructuring process, Sri Lanka’s Ambassador to China Palitha Kohona told the Global Times in an exclusive interview.The post Sri Lanka’s Ambassador to China urges ADB a...
India has surpassed China to become the top lender to Sri Lanka, as the former came to the rescue when Sri Lanka started experiencing some acute shortage of foreign currency from the beginning of the year which reached a breaking point in March causing a complete collapse of the country’s economy.The post India eclipses China to become top lender to debt-laden Sri Lanka appeared first on ONLANKA N...
Sri Lanka has not reached any initial agreement with the IMF on debt relief, and its largest creditors -the Asian Development Bank (ADB) and the World Bank - are urged to come up with a package that would speed up its debt restructuring process, Sri Lanka s Ambassador to China Palitha Kohona told the Global Times in an exclusive interview.
Many banks NOPs negative in worst soft-peg
Quick election may be needed
International Monetary Fund (IMF) Managing Director Kristalina Georgieva says the economic crisis in Sri Lanka is a warning sign to the rest of the world.Speaking to G20 Finance Ministers and Central Bank Governors in Indonesia, Georgieva said that the global economic outlook has darkened significantly, and uncertainty is exceptionally high. “Downside risks about which the […]
[…]The post Sri Lanka’s New Government: Be Warned Of The Empty Treasury & Negative Foreign Reserves appeared first on Colombo Telegraph.
[…]The post Obligations Of 225 MPs & The Party Leaders To The People Of Sri Lanka appeared first on Colombo Telegraph.
COLOMBO (News 1st); IMF Managing Director Kristalina Georgieva said that countries with high debt levels and limited policy space will face additional strains. “Look no further than Sri Lanka as a warning sign,” she said at the hybrid meeting of the G20 Finance Ministers and Central Bank Governors. She said that emerging and developing countries […]Sri Lanka is a warning sign : I...
COLOMBO (News 1st); Speaking to The Wall Street Journal, Governer of the Central Bank Dr. Nandalal Weerasinghe said that Sri Lanka’s economy is likely to contract more than 6% in 2022. The CBSL Governer Nandalal Weerasinghe said that in 2022, the contraction will be much higher than 6% as political instability has affected the discussions […]SL economy likely to contract more than 6%: ...
Inflation is expected to hit 70 per cent by the end of the year and experts warn SMEs will be the worst hit