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No one should forget past hardships due to shortages of medicines, fuel, and fertilizers.- Says the President at the annualContinue ReadingThe post “No one should forget past hardships due to shortages of medicines, fuel & fertilizers” appeared first on Newswire.
China says it is ready ready to continue to work with relevant countries and international financial institutions to support Sri Lanka’s debt sustainability. Speaking to reporters at the weekly media briefing, Foreign Ministry Spokesperson Lin Jian said that China has been providing assistance to Sri Lanka’s socioeconomic development to the best of its capability. “We stand ready […]
President Ranil Wickremesinghe yesterday (19) announced the establishment of a new development bank to provide financial support to industrialists in Sri Lanka. This initiative will offer industrialists the opportunity to obtain loans at low interest rates, the President declared. The President also revealed plans to set up an Economic Commission to oversee these activities. A […]
By P.K.Balachandran Colombo, June 8: Western democracies see the results of the Indian parliamentary elections as a victory of democracy over authoritarianism. Canada and the US have officially conveyed to the Modi government their hope that it will respect democratic norms and human rights. In its write-up, The Economist expressed confidence that the “shock election result will […...
Julie Kozack, Director of the International Monetary Fund’s (IMF) Communications Department, has praised the Sri Lankan Government for its commendable achievements in economic policy and program implementation. Kozack noted the robust overall implementation of the IMF program by Sri Lanka. The IMF staff and Sri Lankan authorities have reached a staff-level agreement on economic policies,…The...
An International University is to be established at the Port City of Colombo, to drive regional education demand for undergraduateContinue ReadingThe post Port City International University to offer degrees in several fields appeared first on Newswire.
President Ranil Wickremesinghe has expressed hope to reach an agreement with creditor nations in the next few weeks, it wasContinue ReadingThe post Sri Lanka hopeful of agreement with creditor nations in next few weeks appeared first on Newswire.
Fulfilling the regional demand for undergraduate and postgraduate degree programmes in Engineering, Information Technology, Business Studies/Management, Finance, Marketing, and Medicine, Port City Colombo aims to contribute positively towards the reversal of ‘brain drain’ and reduction of the current skills gap in the local employment market, a Port City Colombo press release said. The release add...
…interest payments alone increased by USD 2.8 bn; foreign debt USD 100 bn By Shamindra Ferdinando Declaring that the economy had further deteriorated under President Ranil Wickremesinghe’s watch since July 2022, dissident SLPP parliamentarian Prof. G. L. Peiris said that the government
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.
[…]The post Road To Bankruptcy: The Role Of Foreign Currency Flows & Economic Vulnerabilities In Sri Lanka appeared first on Colombo Telegraph.
[…]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.
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 […]
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 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 […]
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 […]
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
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...
[…]The post President RW Emphasizes He Has Not Deviated From The Principles Of The Democratic Socialist System appeared first on Colombo Telegraph.
The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR 254 million (about US$336 million). This brings the total IMF financial support disbursed so far to SDR 762 million (about US$1 billion). The Executive Board also concluded the […]