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Sri Lanka and China discussed debt restructuring during diplomatic consultations held in in Beijing. Both countries concluded the 13th Round of Diplomatic consultations in Beijing. The consultations were led by Secretary, Foreign Affairs of Sri Lanka, Aruni Wijewardane and Vice Minister of Foreign Affairs of the People’s Republic of China, Sun Weidong. The two sides […]
The Planters Association of Ceylon has called for a meeting with all concerned stakeholders to discuss the wage issue. Issuing a statement, the Planters Association of Ceylon said that such a dialogue is crucial for reaching a solution that ensures the prosperity of the tea industry and the well-being of its workers. The association has […]
[…]The post Opportunities For System Change Open Up appeared first on Colombo Telegraph.
President Ranil Wickremesinghe emphasized that the future of Sri Lanka will be determined by the economic policies implemented over the next five years. The President delivered this statement while addressing the youth and business community in Mannar during his participation in the “Youth Conference” held Sunday (16). The President initially attended the Mannar District “Youth [...
Is it one last time for New Zealand’s golden generation in T20Is? They only have three players under 30 in their side. None of their senior batters have come to the fore in the tournament so far. Trent Boult, well, has been Trent Boult-ing, but he’s confirmed this will be his last T20 World Cup. […]
Sri Lanka s economy showed significant growth more than anticipated in the first quarter, marking a strong recovery from a severe foreign exchange crisis.
[…]The post Road To Bankruptcy: The Role Of Foreign Currency Flows & Economic Vulnerabilities In Sri Lanka appeared first on Colombo Telegraph.
Monday 17th June, 2024 The SLPP-UNP government is crowing about the release of the third tranche of the IMF loan, and has undertaken to fulfil some more bailout conditions such as the introduction of an imputed rental income tax. It has said the new tax will affect only the high-net-worth individuals, but the proof of […]
[…]The post AKD’s NPP Must Win, But Where Is His Agenda & Platform? appeared first on Colombo Telegraph.
By N Sathiya Moorthy First, Team Ranil had claimed that the incumbent would be a ‘national candidate’ in the presidential polls due by mid-October. Since then, President Ranil Wickremesinghe himself has declared that the polls will decide the country’s success or failure. According to him, if the people are satisfied with his government’s policies and programmes […]
[…]The post RW’s Economic Transformation Bill & NPP’s Systemic Transformation appeared first on Colombo Telegraph.
by Amal JAYASINGHE (AFP) When Sri Lanka’s economy crashed in 2022, people sought work abroad wherever they could find it — including ex-soldiers who joined forces fighting in Ukraine after Russia’s invasion. Now the veterans — some of whom swapped their life savings
nation was starting to recover, but the economy was “still vulnerable and the path […]
The leaders of Italy and Germany have strongly rejected ceasefire terms laid out by Vladimir Putin to stop the war in Ukraine, as scores of countries gathered at a two-day summit in Switzerland to discuss ending the conflict. Italy’s Prime Minister Giorgia Meloni called the Russian president’s plan “propaganda” which effectively suggested that Ukraine “must […]
Unbundling the Ceylon Electricity Board: by Rajan Philips There is no question – the Ceylon Electricity Board has grown into a public sector behemoth. It has become the Leviathan of Sri Lanka’s political economy. It sucks up government cash and owes an unpayable debt of about LKR600 billion
Convicted felon Trump says he prefers to be electrocuted rather than eaten by sharks by Vijaya Chandrasoma The news about the commemoration of the 80th anniversary of the D-Day invasion of the Normandy beaches by allied forces on June 6, 2044 was breaking as I was finishing my column last week. I was not able […]
[…]The post More Lawyers & Accountants Than Engineers To Unbundle The CEB appeared first on Colombo Telegraph.
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.
Canada are facing their toughest test of the T20 World Cup as India aim to go into the Super 8 stage with a clean sheet, but the fixture is at the mercy of the weather in Florida. Friday’s game between USA and Ireland was washed out at the venue, and there’s an 85% chance of […]
South Africa’s parliament has re-elected Cyril Ramaphosa as the country’s president following a landmark coalition deal between the governing African National Congress (ANC) and opposition parties. The new government of national unity combines Mr Ramaphosa’s ANC, the centre-right Democratic Alliance (DA) and smaller parties. In his victory speech, Mr Ramaphosa hailed the new coal...
President Ranil Wickremesinghe said on Thursday (13) that he had not deviated from the principles of the democratic socialist system of Sri Lanka, in his efforts to revive the economy. Delivering his keynote addressed at the inaugural session of the 45th “SAARCFINANCE” Governors
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 […]
President Ranil Wickremesinghe officially launched www.publiclearn.lk a new education platform aimed at transforming Sri Lanka’s learning landscape at the Chamber Hall of the Presidential Secretariat, on Thursday [13] Public Learn is a platform that guides users to free courses from the world’s top universities. . Emphasizing the importance of adapting to a knowledge-intensive society, the […...
Sri Lanka s economy is expected to expand by 2.2 percent in 2024, according to the World Bank s latest Global Economic Prospects report issued on Friday (14).
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.
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.
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...
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.
[…]The post Critique On IMF’s Second Review Under Extended Fund Facility appeared first on Colombo Telegraph.
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