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[…]The post There’s No Statute Of Limitations On Crimes Against Humanity appeared first on Colombo Telegraph.
By Easwaran Rutnam China’s offer to Sri Lanka of a two-year moratorium on its debt is not sufficient to clear the path for the International Monetary Fund (IMF) to approve a funding program, diplomatic sources told Daily Mirror. Sources said that the IMF requires more assurances from China in order to secure IMF board approval […]
[…]The post Continuing With Tight Monetary Policy: Is The Central Bank Making A Mistake? appeared first on Colombo Telegraph.
[…]The post Big Fishes In Little Ponds: The Government’s & Civil Society’s Rightward Tilt appeared first on Colombo Telegraph.
Islamabad [Pakistan], January 13 (ANI): Prices of pulses in Pakistan are going up due to the non-clearance of imported shipments at the port amid delay in the approval of relevant documents by banks, Pakistan-based Dawn newspaper reported. Rauf Ibrahim, the chairman of Karachi Wholesalers Grocers Association (KWGA) said traders on Thursday, held a protest outside […]
Sri Lanka has been able to save US$ 2,500 million from the very first day the imports were restricted until today, Finance State Minister Ranjith Siyambalapitiya said.The post Sri Lanka saved over US$ 2,500 Million from import restrictions – State Minister appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Pakistan is seeking $1.1bn from the fund, part of its $6bn bailout package, to avoid default.The Pakistani rupee has dived to a historic low against the United States dollar after an exchange cap was lifted as the cash-strapped country seeks to unlock a vital bailout from the IMF. The Washington-based lender has yet to approve […]
By PRIYAN DE SILVA Executive Director of the Centre for Policy Alternatives (CPA) and co-convener of the Centre for Monitoring Election Violence (CMEV) Dr. Paikiasothy Saravanamuttu has warned that the March 9 LG polls (if held) may turn violent as political parties are fighting for their survival as the results of the election may be […]
[…]The post 75 Years – What Have They Done? It Is A Paradise Misplaced appeared first on Colombo Telegraph.
International Monetary Fund (IMF) Executive Director Dr. Krishnamurthy Subramanian has said the political will displayed by the Sri Lankan leadership to speed up reforms and implement difficult tax increases in order to revive the economy is highly appreciable, according to a statement issued by Prime Minister Dinesh Gunawardena’s Office yesterday (26) Dr Subramanian, who called […]
Friday 27th January, 2023 A group of Central Bank (CB) employees, on Wednesday, joined other professionals in protesting against the recently-introduced steep tax hikes. As part of the ongoing Black Protest Week campaign conducted by a collective of professional associations, those workers put up black flags and stood up to the police, who tried to disrupt […]
BBC reported that Rebel police officers rioted in Haiti’s capital Port-au-Prince on Thursday following the killing of more than a dozen colleagues by criminal gangs. The rioting officers blame the government for not taking action. More than 100 demonstrators blocked streets, burned tyres, broke security cameras and damaged vehicles. Local media said several officers broke […]
Rebel police officers rioted in Haiti’s capital Port-au-Prince on Thursday following the killing of more than a dozen colleagues by criminal gangs. The rioting officers blame the government for not taking action. More than 100 demonstrators blocked streets, burned tyres, broke security cameras and damaged vehicles. Local media said several officers broke through the gates […]
Ukraine could boycott the 2024 Paris Olympics if Russian and Belarusian athletes are allowed to compete, says the country’s sports minister. The International Olympic Committee said on Wednesday it would “explore a pathway” for athletes from the two countries to take part as neutrals. The UK Government has condemned the plan as a “world away from […]
Sri Lanka is confident of reaching a deal with all its international creditors and securing financial support from the International Monetary Fund (IMF). State Minister of Finance Shehan Semasinghe said that the public have placed their trust on support from the IMF as it would create a foundation in finding solutions for the economic crisis […]
State Minister of Finance Ranjith Siyambalapitiya has stated that he is hopeful that Sri Lanka will receive the first tranche of the Extended Fund Facility (EFF) due from the International Monetary Fund (IMF) soon, following a discussion with an IMF delegation.
Japan has noted the need for creditors to help crisis-hit Sri Lanka. Japan’s top finance diplomat, Masato Kanda said that crisis-hit Sri Lanka was a key issue when it came to helping countries in debt but he was not sure when creditors aiming to extend it loans would meet. He said that middle-income countries have […]
China’s Export-Import Bank of China (EXIM) has provided Sri Lanka with a debt extension, China’s Foreign Ministry said, confirming a Reuters report earlier this week. EXIM offered Sri Lanka a two-year moratorium on its debt and said it would support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according […]
Japanese Vice Finance Minister for International Affairs, Masato Kanda, has assured that Japan is closely coordinating with international organizations, such as the Paris Club and the International Monetary Fund (IMF) to ensure the participation of non-Paris Club members in Sri Lanka s debt restructuring plan.
Former State Minister Nalaka Godahewa and two others, the accused in a case filed against the alleged misappropriation of state funds were acquitted and released by the Colombo High Court today (January 26).The post Nalaka Godahewa acquitted and released from fund misappropriation case appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Debt-ridden Sri Lanka on Wednesday (January 25) thanked India for issuing the necessary guarantees sought by the IMF that would help Colombo to unlock the USD 2.9 billion bailout package.The post Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
While implementing complex programmes such as the International Monetary Fund (IMF), difficult decisions related to it should be implemented regardless of who is in power, Central Bank Governor Dr. Nandalal Weerasinghe said on Wednesday (January 25).The post IMF process should continue whoever is in power – Central Bank Governor appeared first on Sri Lanka News - Latest Breaking News in Sri ...
The top of Nelum Kuluna (Lotus Tower) stands 350 above sea level in the heart of Colombo City, as the air navigators of old would say, sticking out like a ’sore thumb’. It has to be lit up in accordance with the Aircraft Obstacle Lighting recommendations contained in Annex 14 of the International Civil Aviation […]
Economics primarily drive politics and this principle applies to Sri Lanka’s relations with almost the entirety of the world’s regions. The fact that economic interdependence is compelling this country to break new ground in its ties with the Middle East bears this out fully. Over the decades, Sri Lanka has prioritized the need to sustain […]
Pivithuru Hela Urumaya (PHU) leader Udaya Gammanpila, MP yesterday (25) proposed that both public and private sector workers be paid on a weekly basis. The former Power and Energy Minister claimed that it would help both the cash-strapped government and private sector to cope up with the continuing economic crisis. The Colombo District lawmaker said […]
By Hiran H. Senewiratne The Central Bank did not contract the economy by hiking interest rates, but prevented a further contraction and possible hyper- inflation by stabilizing the external sector with high rates, Central Bank Governor Dr. Nandalal Weerasinghe said. “The Central Bank by tightening monetary policy, minimized the damage that was going to happen […]
By Sanath Nanayakkare Governor of the Central Bank Dr. Nandalal Weerasinghe said yesterday that the CBSL was not in any way connected to the matter of holding local government elections. Dr. Weerasinghe said so responding to a question from journalists as to how the Central Bank viewed the possibility of holding the local government elections […]
[…]The post Jaisankarkku Jey (Victory For Jaiashankar) appeared first on Colombo Telegraph.
The International Monetary Fund (IMF) has instructed the Sri Lankan government to tax all those who draw a salary or a monthly income of over Rs. 45,000 but this proposal has not been accepted by the government, Minister Bandula Gunawardana said yesterday (January 24).The post IMF tells Sri Lanka Government to tax all those who earn above Rs. 45,000 per month appeared first on Sri Lanka News - Lat...
India says cooperation and working together would be very important for Sri Lanka and India. The Indian High Commissioner to Sri Lanka Gopal Baglay said that cooperation and working together would be very important for Sri Lanka and India on the journey that lies ahead for them to celebrate the centenary of independence in 2047 […]