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Sri Lanka’s economy shrank 7.8% in 2022 from the previous year, government data showed on Wednesday, as the country struggled with its worst financial crisis in more than seven decades.The post Sri Lanka’s Economy suffers worst contraction in 2022 appeared first on Sri Lanka News
- Sri Lanka’s economy shrinks 11.8% in second-worst performance (Category: Breaking News)
- Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says (Category: Breaking News)
- Sri Lanka’s economy returns to growth, led by agriculture (Category: Breaking News)
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
[…]The post Role Of Professionals In Achieving Our Economic Recovery appeared first on Colombo Telegraph.
- Economic Realities & Political Promises (Category: Breaking News)
- Middle class Sri Lankans forced to migrate due to proposed new income tax policy? (Category: Breaking News)
- Tentative Recovery Of The Economy Will Not Be Stalled By The Presidential Election: Response To ... (Category: Breaking News)
- PAYE Tax; Will There Be A Mass Exodus? (Category: Breaking News)
Sri Lanka needs institutional reforms in order to achieve long-term debt sustainability, said Steve Hanke, who played a key role in establishing new currency regimes in emerging markets like Argentina and Montenegro.The post Sri Lanka needs institutional changes for long-term debt sustainability, expert says appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka needs institutional changes for long-term debt sustainability, expert says (Category: Breaking News)
- Sri Lanka’s debt restructuring: China expected to inform its support to IMF today (Category: Breaking News)
- Fitch Ratings calls for political stability in Sri Lanka (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
In a major breakthrough, Sri Lanka has received a financial assurance letter from the Exim Bank of China and the letter of agreement has been sent to the International Monetary Fund (IMF). President Ranil Wickremesinghe told Parliament that he received the financial assurance letter from the Exim Bank of China last night and he and […]
- An Open Letter & Appeal To The IMF (Category: Breaking News)
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
- Government’s Letter of Intent for fresh IMF support under SBA (Category: Business)
- An Open Letter To Mr. President Ranil Wickremesinghe (Category: Breaking News)
[…]The post President Ranil Wickremesinghe’s Special Statement – Full Text appeared first on Colombo Telegraph.
- President Ranil Wickremesinghe Rescued & Stable Economy In Sri Lanka – An Inquiry (Category: Breaking News)
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- The Bleak Future For Sri Lanka : 75 Years After Independence (Category: Breaking News)
Hatch has joined forces with Draper Startup House to unveil Colombo’s first-ever co-living space. The space marks the first phase of Hatch’s strategic partnership with Draper Startup House, and was officially opened by Silicon Valley billionaire investor Tim Draper during his recent visit to Sri Lanka. Through this initiative, Hatch serves to encourage digital nomad […]
- Hatch Enters Partnership with Draper Startup House to Strengthen Sri Lanka’s Position as a Start... (Category: Breaking News)
- Hatch Opens Applications for AccelerateHer 2.0: An Accelerator Program for Budding Female Entrep... (Category: Breaking News)
- Hatch fund secures investment from Mountain Lion Ventures (Category: Breaking News)
- Hatch and Sarvodaya launch “GoviLab” AgriTech Accelerator as part of National Agriculture Transf... (Category: Breaking News)
[…]The post Sri Lanka’s Two Challenges: Economic Recovery & Political Devolution appeared first on Colombo Telegraph.
- Two Challenges: Economic Recovery & Political Devolution – IV (Category: Breaking News)
- How We Came To This Pass – Waiting On IMF (Category: Breaking News)
- Two Challenges: Economic Recovery, Political Devolution – II (Category: Breaking News)
- Two Challenges: Economic Recovery, Political Devolution – III (Category: Breaking News)
Samagi Jana Balawegaya (SJB) Patali Champika Ranawaka has written to the International Monetary Fund (IMF) office in Sri Lanka, questioning whether the recently introduced electricity tariffs and the fuel price hike is in accordance with the IMF criteria.
By Noah Berman A wave of darkness engulfed Pakistan on January 24 as its aging power grid strained to meet the country’s demand for electricity. The massive outage was the latest in a series of blackouts that have become a chronic symptom of Pakistan’s ailing and climate-vulnerable economy
- Pakistan: Imran Khan’s high-stakes election gamble (Category: Breaking News)
- Does The Proposed Contempt Of Court Bill Amount To 23rd Amendment To The Constitution? (Category: Breaking News)
- China’s space success linked with its larger political, diplomatic goals: Report (Category: Breaking News)
- Indian embassy in Kuwait organises beach cleaning drive, 500 volunteers take part (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe emphasised the importance of having a proper plan to strengthen the country’s economy, during a meeting with businessmen and lawyers in the Kandy district.The post Having Proper plan to strengthen Sri Lanka’s economy is important – President
- Initial steps taken through budget to strengthen economy under five-year plan – President (Category: Breaking News)
- Sri Lanka President says Let 2048 be the year of development for Sri Lanka (Category: Breaking News)
- Once the Parliament approves IMF agreement, the main points will be passed into law – Sri Lanka ... (Category: Breaking News)
- President calls Opposition Party Leaders for crucial meeting on IMF proposals (Category: Breaking News)
The economic and financial condition of Sri Lanka is very precarious at the moment. It has been facing the worst economic crisis since its independence in 1948. The Sri Lankan economy is going through a high rate of inflation, a shortage of essential commodities including fuel and medicines
- China holds key to Sri Lanka’s debt restructuring to ease economic crisis (Category: Breaking News)
- Sri Lanka president wants China to dramatically change stance on debt relief (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
- China pledges continued support for Sri Lanka’s debt sustainability (Category: Breaking News)
[…]The post Tax! Tax!! Tax!!! appeared first on Colombo Telegraph.
- Journey Through The Rotten Bridge For The Reforms Of Government Expenditure (Category: Breaking News)
- Interim Budget 2022: Transformation Of The Economic Direction Of The Country (Category: Breaking News)
- Elections & Economic Recovery (Category: Breaking News)
- Why The Sri Lankan Rupee Is Appreciating (Category: Breaking News)
Sri Lanka has the potential to establish the green economy, specially by way of renewable energy, said President Ranil Wickremesinghe addressing a High-Level event on Strategies and Actions to Accelerate Sri Lanka’s Transition to a Green Growth Pathway.The post Sri Lanka has initiated an action
- Opportune moment for investing in Sri Lanka’s renewable energy sector has arrived – President (Category: Breaking News)
- SL has initiated an action plan to ensure a Green Economy by 2050 - President (Category: Breaking News)
- Sri Lanka President address at the UNGA highlighting Sri Lanka’s journey to rebuild trust and gl... (Category: Breaking News)
- GGGI and Sri Lanka sign host country agreement (Category: Breaking News)
[…]The post A Reflection: 75 Years Of Independence Lacked By The People Of Sri Lanka appeared first on Colombo Telegraph.
- 40 Years After The Anti-Tamil Pogrom Of July 1983: Root Causes Remain Unaddressed (Category: Breaking News)
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- Unitary Constitution For Sri Lanka Would Be Purposeless (Category: Breaking News)
- From B-C Pact To Ranil’s New Somersault (Category: Breaking News)
[…]The post Seventy Five Years Of Independence Or Curse appeared first on Colombo Telegraph.
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- The Malicious “Shafi Frame Up”: Will 2023 See The Guilty Being Punished? (Category: Breaking News)
- Privatisation Of Public Assets Under Neoliberal Corporate Capitalism: Modern Evil (Category: Breaking News)
- Overview Of Covid-19, Infodemics & Development Of Vaccine (Category: Breaking News)
[…]The post Do What You Like Vs Like What You (Have To) Do! appeared first on Colombo Telegraph.
- The Malicious “Shafi Frame Up”: Will 2023 See The Guilty Being Punished? (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- The Past Is Never Dead (Category: Breaking News)
- The Past Is Never Dead (Category: Breaking News)
Pakistan is gripped by a major economic crisis, with the rupee plummeting, inflation soaring and energy in short supply as IMF officials visit to discuss a vital cash injection.The post ‘We’ll end up like Sri Lanka’: Pakistan stares at economic collapse as IMF visits appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka needs laser-like focus on IMF programme implementation: Dr. Indrajit Coomaraswamy (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- Sri Lanka, Russia continue talks on loan for Russian oil products (Category: Breaking News)
- Jaishankar conveys India’s commitment to increase investment flows to Sri Lanka to hasten econom... (Category: Breaking News)
Sri Lanka's Central Bank Governor Dr. Nandalal Weerasinghe said regardless of the future elections, he wants to see a continuation of the economic reform path the country has embarked on, as it is the only way to come out of the current crisis.The post Sri Lanka’s Central Bank insists on staying on reform path regardless of election outcome appeared first on Sri Lanka News - Latest Breaking ...
- IMF process should continue whoever is in power – Central Bank Governor (Category: Breaking News)
- Sri Lanka will have to go for another DDO strategy if targets of current plan not achieved – CBS... (Category: Breaking News)
- Sri Lanka must implement budget proposals to avoid return to crisis (Category: Breaking News)
- Sri Lanka’s Central Bank Governor explains debt restructuring process (Category: Breaking News)
Sri Lanka was found to be more corrupt in 2022 than it was in the year 2021, according to the 2022 Corruption Perceptions Index (CPI). The 2022 Corruption Perceptions Index (CPI) released by Transparency International saw Sri Lanka’s rankings drop by 1 point in 2022 from the year 2021. The CPI has ranked Sri Lanka […]
- Sri Lanka drops further in corruption perceptions index (Category: Breaking News)
- Forbes Asia recognises Sandra Wanduragala Founder Selyn (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
- UNDP appeals for assistance to help rebuild Sri Lanka (Category: Breaking News)
India and Sri Lanka have been able to address the impact of a Chinese surveillance vessel’s visit to Hambantota port last year and Colombo is looking to New Delhi to help drive economic recovery through investments in key sectors such as energy, Sri Lankan envoy Milinda Moragoda said.The post Jaishankar’s visit reset bilateral relations, says Sri Lankan envoy appeared first on Sri Lanka News...
- Sri Lanka-India cooperation will heavily focus on connectivity, investment - Envoy (Category: Breaking News)
- HC Moragoda meets India s Petroleum Minister for bilateral energy cooperation (Category: Breaking News)
- India steps up internationalisation of INR for Sri Lanka s economic recovery (Category: Breaking News)
- Sri Lanka, India to sign power grid linking pact within two months – envoy (Category: Breaking News)
[…]The post President Needs To Implement Pledges Before Elections appeared first on Colombo Telegraph.
- Preparing For Free & Fair Elections (Category: Breaking News)
- A Coalition Of Power To Stay In Power Is Not What Country Needs (Category: Breaking News)
- President Needs Trust To Succeed In Problem Solving (Category: Breaking News)
- Calibrating The Time & Mode Of Elections (Category: Breaking News)
Wednesday 18th January, 2023 The SLPP-UNP government has proved its rivals’ claim that it has failed. Its grandees never miss an opportunity to boast that their efforts to tackle the economic crisis have shown signs of reaching fruition soon. But Cabinet Spokesman and Minister Bandula Gunawardena has revealed the truth. Announcing some Cabinet decisions, at […]
- CMLS calls for talks with trade unions (Category: Breaking News)
- Economic Transformation Bill and Public Financial Management Bill presented to Parliament (Category: Breaking News)
- Opposition to appoint alternative committee (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
President Ranil Wickremesinghe has said that India’s response to cash-strapped Sri Lanka’s request for debt restructuring is expected by the end of this month. Sri Lanka, which is trying to secure a USD 2.9 billion bridge loan from the International Monetary Fund (IMF), has been trying to to get financial assurances from its major creditors […]
- IMF says G20 Common Framework delivering for Sri Lanka (Category: Breaking News)
- Exim Bank of China and Sri Lanka discuss debt issue (Category: Breaking News)
- Interim-budget which meets IMF expectations presented to Parliament (Category: Breaking News)
- Indian Foreign Minister to arrive in Sri Lanka next week (Category: Breaking News)
Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign firms to scout for energy resources and bring in vital investments to the crisis-hit country, a top official told Reuters on Thursday.The post Sri Lanka finalises oil exploration rules, earmarks 900 offshore blocks appeared first on Sri Lanka News - Latest Breaking News in Sri L...
- SL to offer tenders for oil exploration in 5 blocks: Premajayantha (Category: Breaking News)
- Sri Lanka finalises regulations for offshore oil gas exploration investments (Category: Breaking News)
- Tenders for Oil Exploration (Category: Breaking News)
- Sri Lanka to broaden offshore oil search (Category: Breaking News)
By Dr. C. S. Weeraratna ([email protected]) Sri Lanka is facing an unprecedented crisis mainly due to economic mismanagement and corruption in the various development sectors. During the last few weeks, at various discussions related to the country’s economy, the need to take effective action
- Reducing Trade Deficit (Category: Breaking News)
- Ailing rubber sector? (Category: Breaking News)
- Achieving food security:Integrated plan necessary (Category: Breaking News)
- Sector report (Category: Business)
Sri Lanka is yet to receive financial assurances from its bi-lateral creditors, State Minister of Finance Shehan Semasinghe said. As a result, he said Sri Lanka has not yet been able to secure approval for a bailout package from the International Monetary Fund (IMF) Executive Board. “But we are confident of securing the approvals. However […]
- IMF wants Sri Lanka to provide more relief to the poor (Category: Breaking News)
- Shehan to lead Sri Lankan delegation for IMF and World Bank meetings (Category: Breaking News)
- Sri Lanka expects first review by IMF to be successful (Category: Breaking News)
- Sri Lanka confident of reaching Staff Level deal with IMF (Category: Breaking News)
Why did former President Sirisena vacate the Paget Road residence, having made it part of his ‘deal’ with the UNP? A three-judge bench of the Supreme Court, comprising Justices Priyantha Jayawardena, Gamini Amarasekara, and Kumuduni Wickremasinghe, having examined the arguments put forward by both the petitioner and respondent parties, issued an interim order on March […]
- Sirisena’s castle in the air (Category: Breaking News)
- SC quashes Cabinet decision granting Paget Road residence to Maithripala (Category: Breaking News)
- Proroguing The Parliament – A Political Subterfuge! (Category: Breaking News)
- Sirisena, SLFP enmeshed in Easter Sunday fallout (Category: Breaking News)
Sri Lanka will restart negotiations on trade pacts with India, China and Thailand after a four-hear hiatus, an official said on Thursday, as the crisis-hit country races to seal deals to help it rebuild its economy.The post Sri Lanka to restart trade deal talks with India, China and Thailand – official appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka, India to sign power grid linking pact within two months – envoy (Category: Breaking News)
- Sri Lanka to fast-track trade pact with Thailand amid crisis (Category: Breaking News)
- Sri Lanka to restart trade deal talks with India, China and Thailand - official (Category: Breaking News)
- India expected to send ‘positive’ message on debt during Jaishankar’s visit to Sri Lanka (Category: Breaking News)
‘Petroleum, water services, too, should be under electricity regulator’ By Shamindra Ferdinando The Convenor of the combined trade union front, in fuel, ports and power sectors of the Samagi Jana Balavegaya (SJB), Ananda Palitha, yesterday (04) alleged that consumers had been deprived of the benefit of the continuing drop in world crude oil prices as […]
- Govt. flayed for jacking up fuel prices despite Rs 120 bn profit since last Sept. (Category: Breaking News)
- SJB unionist: IOC and Sinopec benefit from special levy on fuel to recover CPC losses (Category: Breaking News)
- VAT on fuel already subjected to several taxes unfair – SJB trade union wing (Category: Breaking News)
- Union blames loss-making state ventures on governments using them as job banks (Category: Breaking News)
Significant progress has been made at present in relation to the interaction with Sri Lanka’s creditors, the Central Bank of Sri Lanka said today. The bank said that it expects a crucial deal with the International Monetary Fund (IMF) to materialize in early 2023. Announcing its monetary and fiscal policies for 2023, the Central Bank […]
- Sri Lanka seeks assistance from the World Bank (Category: Breaking News)
- UN assures assistance to Sri Lanka to address economic challenges (Category: Breaking News)
- France in talks with creditors on Sri Lanka issue (Category: Breaking News)
- New Foreign Minister promises to deliver (Category: Breaking News)
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