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John Keells CG Auto (Pvt) Ltd (JKCG Auto), the joint venture between John Keells Holdings PLC (JKH), Sri Lanka’s largest conglomerate listed on the Colombo Stock Exchange and CG Global headquartered in Dubai, partnered with the Asia Exhibition & Convention (Pvt) Ltd. to announce BYD as the Title Sponsor for the highly anticipated EV Motor […]
- It is time to support EV freedom (Category: USA, Arkansas)
- Turkey Moves to Counter Rising Tide of Chinese EV Imports (Category: Breaking News)
- Sri Lankan ambassador to Viet Nam in warm discussion with leading Southeast Asian EV manufacturer (Category: Breaking News)
- INDIA@76: EV Sector to Generate 5 Million Jobs (Category: Breaking News)
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 […]
- Sri Lanka calls on BRICS to ensure rules based order (Category: Breaking News)
- Kazakhstan invites Sri Lankan President to undertake an official visit (Category: Breaking News)
- Sri Lanka to continue to stand by ‘one China policy’ (Category: Breaking News)
- Sri Lanka to hold Foreign Office Consultations with Kazakhstan (Category: Breaking News)
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 […]
- No final decision on Rs. 1700 daily wage (Category: Breaking News)
- Planters’ Association boos politico’s abuse, disruption on estates (Category: Business)
- Thondaman alleges PA is in the grip of chartered accountants (Category: Breaking News)
- Planters’ Association strongly opposes arbitrary wage hike (Category: Breaking News)
[…]The post Opportunities For System Change Open Up appeared first on Colombo Telegraph.
- Preparing For Free & Fair Elections (Category: Breaking News)
- Representative Democracy Is To Heed The Voice Of The People (Category: Breaking News)
- Awaiting The Supreme Court’s Guidance On Elections (Category: Breaking News)
- Reconciliation Also Needs Accountability To Be Viable (Category: Breaking News)
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 [...
- Future of Sri Lanka will be determined by the economic policies implemented over the next five y... (Category: Breaking News)
- President: Pre-feasibility study on bridge between SL and India completed (Category: Breaking News)
- Sri Lanka s future will be determined by economic policies of next 5 years - President (Category: Breaking News)
- President to intensify focus on national unity, youth aspirations (Category: Breaking News)
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.
- Unraveling The Root Causes Of Sri Lanka’s Foreign Currency Crisis (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
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 […]
- Report to be soon out on those who slip through the tax net (Category: Breaking News)
- Govt: Rental income tax will affect only high-wealth individuals (Category: Breaking News)
- Sri Lanka s tax revision helps correct tax revenue expenditure imbalance  IMF Mission (Category: Breaking News)
- 93 percent jump in tax collection in first half of this year (Category: Breaking News)
[…]The post AKD’s NPP Must Win, But Where Is His Agenda & Platform? appeared first on Colombo Telegraph.
- A Letter To Anura Kumara Dissanayake – Spell Out Your Agenda (Category: Breaking News)
- The Curse Of JRJ Constitution Continues (Category: Breaking News)
- Lessons From America (Category: Breaking News)
- On Arrival Visa Fiasco – What A Shame On Our Nation (Category: Breaking News)
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 […]
- Sri Lanka records slight drop in inflation (Category: Breaking News)
- Sri Lanka’s July consumer inflation more than halves to 4.6% (Category: Breaking News)
- WFP says 6.26 million people in Sri Lanka are food insecure (Category: Breaking News)
- Sri Lanka crisis raises alarm about further unrest in APAC region (Category: Breaking News)
[…]The post RW’s Economic Transformation Bill & NPP’s Systemic Transformation appeared first on Colombo Telegraph.
- RW, IMF & The Economy (Category: Breaking News)
- Politics Behind A Politician’s Gold (Category: Breaking News)
- Modi-Wickremesinghe Tamil Drama (Category: Breaking News)
- Aragalaya’s Unfinished Business (Category: Breaking News)
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
- Russia promises end to recruitment of SL military personnel (Category: Breaking News)
- Dayasiri urges Parliament to appoint committee to probe Lankans fighting in Ukraine-Russia war (Category: Breaking News)
- SL urges tri-forces members not to become mercenaries in Russia or Ukraine (Category: Breaking News)
- Sri Lanka to repatriate nationals trafficked into Russia-Ukraine war (Category: Breaking News)
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)
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
- The Petroleum Bill – its quiet passage and disquieting politics (Category: Breaking News)
- More Lawyers & Accountants Than Engineers To Unbundle The CEB (Category: Breaking News)
- Sumanthiran launches blistering attack on Supreme Court (Category: Breaking News)
- Devolution under 13A (Category: Breaking News)
[…]The post More Lawyers & Accountants Than Engineers To Unbundle The CEB appeared first on Colombo Telegraph.
- How many Lawyers, Accountants does the Minister need to change an electric bulb? (Category: Breaking News)
- Electing A New Parliament & Ending The Old Presidency (Category: Breaking News)
- A Tale Of Two Addendums & Ekwa Negitimu Miscarriage (Category: Breaking News)
- Election Year Road Map For Constitutional Reforms (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)
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
- Kamala Harris' VP win is huge for HBCUs, Tougaloo president says (Category: USA, Mississippi)
- Shribman: Gorman, summoned to participate, is celebrated (Category: USA, Massachusetts)
- Shribman: Gorman, summoned to participate, is celebrated (Category: USA, Massachusetts)
- Shribman: Gorman, summoned to participate, is celebrated (Category: USA, Massachusetts)
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)
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 […...
- EV powersports startup Volcon announces pricing for Stag and Beast side-by-sides - Roadshow (Category: Technology)
- EV powersports startup Volcon announces pricing for Stag and Beast side-by-sides - Roadshow (Category: Technology)
- EV powersports startup Volcon announces pricing for Stag and Beast side-by-sides - Roadshow (Category: Technology)
- EV powersports startup Volcon announces pricing for Stag and Beast side-by-sides - Roadshow (Category: Technology)
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.
- 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)
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.
- Road To Bankruptcy: The Role Of Foreign Currency Flows & Economic Vulnerabilities In Sri Lanka (Category: Breaking News)
- 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)
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
- 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 post President RW Emphasizes He Has Not Deviated From The Principles Of The Democratic Socialist System appeared first on Colombo Telegraph.
- Crisis-hit Sri Lanka’s interim budget aims ambitious revenue, debt cut targets (Category: Breaking News)
- Despite signs of stabilization, full economic recovery not yet assured – IMF Mission (Category: Breaking News)
- India ready to restructure its Colombo debt: What about others? (Category: Breaking News)
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
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$1 billion). The Executive Board also concluded the […]
- IMF Executive Board approves US$ 337 million to Sri Lanka (Category: Breaking News)
- Government’s Letter of Intent for fresh IMF support under SBA (Category: Business)
- IMF approves $336 million for Sri Lanka after second review (Category: Breaking News)
- IMF Executive Board approves another US$336 million for Sri Lanka (Category: Breaking News)
Ambassador comments on 2024 prez poll Russian Ambassador Levan Dzhagaryan said that regardless of the outcome of the presidential election later this year in Sri Lanka, the Russian Federation expected the new government to continue with what he called independent neutral foreign policy and preserve the continuity in friendly relations with Russia. Declaring that Russia […]
- Sri Lanka should decide if it wants nuclear cooperation with Russia - Envoy (Category: Breaking News)
- Russian envoy perplexed by omission of Sri Lankans fighting for Ukraine (Category: Breaking News)
- Russian Ambassador calls on new Foreign Minister (Category: Breaking News)
- Sri Lanka in talks with Russia to build nuclear power plant (Category: Breaking News)
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