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[…]The post Only A Unified Approach Can Solve The Economic Crisis appeared first on Colombo Telegraph.
- People’s Preamble To IMF Technical Report (Category: Breaking News)
- If The Speaker Had Become The President, The Economic Crisis Might Have Been Eased By Now (Category: Breaking News)
- Entrepreneurs Argue Against Unpredictable Exchange Rate, Interest Rates & Tax Policy (Category: Breaking News)
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
Negotiations to secure the second tranche of funding from the International Monetary Fund (IMF) to Sri Lanka are progressing positively, Acting Finance Minister Shehan Semasinghe announced.The post Sri Lanka’s acting finance minister says positive progress in securing second IMF tranche appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Positive Progress in Securing Second IMF Tranche, Says Acting Finance Minister Shehan Semasinghe (Category: Breaking News)
- IMF team arrives in Sri Lanka to evaluate economic reforms (Category: Breaking News)
- Representatives of the International Monetary Fund express satisfaction with the implemented eco... (Category: Breaking News)
- Sri Lanka commences IMF-World Bank Spring Meetings with positive bilateral talks (Category: Breaking News)
The International Monetary Fund did not reach a staff-level agreement with Sri Lanka in its first review under a $2.9bn bailout package, due to a potential shortfall in government revenue generation, Al Jazeera has reported, quoting the lender. Speaking after a two-week visit to the country, IMF delegation head Peter Breuer on Wednesday said a […]
- IMF wants strong budget, narrower deficit from Sri Lanka (Category: Breaking News)
- Sri Lanka s tax revision helps correct tax revenue expenditure imbalance  IMF Mission (Category: Breaking News)
- 93 percent jump in tax collection in first half of this year (Category: Breaking News)
- IMF says increasing revenue of paramount importance for Sri Lanka; defends VAT hike (Category: Breaking News)
The International Monetary Fund (IMF) says despite early signs of stabilization, full economic recovery in Sri Lanka is not yet assured. Growth momentum remains subdued, with real GDP in the second quarter contracting by 3.1 percent on a year-on-year basis and high-frequency economic indicators continuing to provide mixed signals. Reserve accumulation has also slowed in […]
- IMF reaches crucial staff-level agreement with Sri Lanka following first review (Category: Breaking News)
- Haircut for holders of Sri Lanka’s international sovereign bonds (Category: Breaking News)
- US calls on Sri Lanka to conclude debt restructuring agreements (Category: Breaking News)
- IMF Executive Board approves US$ 337 million to Sri Lanka (Category: Breaking News)
Some members on the committee of Sri Lanka’s official creditors are pushing to reach a deal to restructure the nation’s debt without the participation of China, Bloomberg News reported on Wednesday citing people familiar with the matter. The members want the group of major creditors, including the US, Japan and India, to sign a memorandum […]
- China asked to share copies of letter on Sri Lanka debt restructuring (Category: Breaking News)
- Paris Club provides financing assurances to IMF on Sri Lanka (Category: Breaking News)
- China in close communication with Sri Lanka on debt restructuring (Category: Breaking News)
- Ceylon Chamber urges China to meet IMF requirements (Category: Breaking News)
The International Monetary Fund (IMF) mission team concluding its visit to Sri Lanka said that despite early signs of stabilization, full economic recovery is not yet assured.The post Despite signs of stabilization, full economic recovery not yet assured – IMF Mission appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka reaches IMF staff-level agreement on first review (Category: Breaking News)
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
- Sustained reforms critical for lasting recovery in Sri Lanka s economy  IMF (Category: Breaking News)
- IMF staff concludes visit to Sri Lanka saying debt agreements with creditors critical (Category: Breaking News)
By Shamindra Ferdinando Governor of the Central Bank Dr. Nandalal Weerasinghe yesterday (25) questioned the conduct of some MPs who sought to direct public anger at officials over the economic crisis. Alleging that such an attempt had been made last year in the wake of attacks on politicians’ properties, Dr. Weerasinghe said that problems couldn’t […]
- People benefitting from CBSL governor s decisions- Sabry defends Dr. Weerasinghe (Category: Breaking News)
- Economic situation will worsen if political stability is not established soon  CBSL chief (Category: Breaking News)
- Talks between IMF and Sri Lanka kick off (Category: Breaking News)
- Second DDO possible if targets of current one not achieved  CBSL governor (Category: Breaking News)
Over 200 corporate leaders attended the second Economic Forum sponsored by HSBC recently which was to discuss and share insights into the latest global trends and opportunities emerging for economic growth in Sri Lanka. Frederic Neumann, HSBC’s Chief Asia Economist and Co-Head of Global Research for HSBC Asia along with Aayushi Chaudhary, HSBC Economist for […]
- Belgian companies to invest in Lanka (Category: Breaking News)
- Finance Channel (Category: Business)
- HSBC and Sarvodaya partner to empower women entrepreneurs (Category: Breaking News)
- JICA eager to resume Japan-funded development projects in Sri Lanka - State Minister Semasinghe (Category: Breaking News)
[…]The post Target 2048 – Complex Economy System appeared first on Colombo Telegraph.
- Target 2048 – Develop A Knowledge-Based Innovative Economy (Category: Breaking News)
- Bastiat Reborn In Sri Lanka: Will His Philosophy Be Accepted By Sri Lankans? (Category: Breaking News)
- Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off (Category: Breaking News)
- The Covid-19 Crisis & Innovation: Why Intellectual Property Rights Matter (Category: Breaking News)
Acting Finance Minister Ranjith Siyambalapitiya during a press conference held today (21) at the Presidential Media Center, focusing on the theme of ‘Collective Path to a Stable Country’ said that over the past year, the government successfully increased the country’s foreign reserves from 1.8 billion dollars to 3.8 billion dollars. He added that in August […]
- Vietnam rises strongly from Covid, keeps inflation down as 77 national day celebrated (Category: Breaking News)
- Sri Lanka could get US$6.0bn from India, talks with Japan: Coomaraswamy (Category: Breaking News)
- Increase in workers’ remittances (Category: Breaking News)
- Remittances from expat workers rise (Category: Breaking News)
Recognises Bank for highest number of transactions in country’s trade and supply chain finance domain between 1 July 2022 and 30 June 2023 The Commercial Bank of Ceylon has once again been declared the Asian Development Bank’s (ADB’s) ‘Leading Partner Bank’ in Sri Lanka for trade and finance transactions, in a significant reaffirmation of the […]
- Sri Lanka Treasury bill yields edge lower, peg steady (Category: Breaking News)
- Standard Chartered Sri Lanka clinches ADB’s prestigious Trade Finance Deal of the Year 2020 Award (Category: Breaking News)
- Sri Lanka guidance peg edges T-bond yield edge down (Category: Breaking News)
- Sri Lanka Treasuries yield flat, peg steady (Category: Breaking News)
[…]The post IMF & Global Debt Crises appeared first on Colombo Telegraph.
- Paris Summit To Push For Global Debt Reforms & What Sri Lanka Could Bring To The Table (Category: Breaking News)
- Glocalization Without Financialization (Category: Breaking News)
- China’s Economy – Nothing Is Going Right! (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
Former State Minister Dr. Nalaka Godahewa, MP yesterday pointed out that a careful look at the Central Bank’s 2023 data revealed that the much-touted promise to build a thriving export-oriented economy under the current government was only a pipedream. Addressing the media at the Nidahasa office
- Dr. Godahewa asks can individuals responsible for unprecedented economic crisis be architects of... (Category: Breaking News)
- Sectoral Oversight Committee exposes CEB costing trick to make huge profits (Category: Breaking News)
- Initial consensus among MPs on recovery plan (Category: Breaking News)
- Estimated Rs 1,400 bn, from VAT in 2024 (Category: Breaking News)
[…]The post The Apologetic Custodian Of The EPF Is Also A Victim appeared first on Colombo Telegraph.
- The Misunderstood Taxation Of EPF & Other Superannuation Funds (Category: Breaking News)
- Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards (Category: Breaking News)
- Mr. President, Dawn Of The New Year Is The Time For Reflection & To Redress Citizens Grievances ... (Category: Breaking News)
- Central Bank informs EPF members: “decided to opt for” DDO (Category: Breaking News)
[…]The post Politics Of Easter Investigation In A Wriggling Economy appeared first on Colombo Telegraph.
- Economy, Easter Phoenix & Politics (Category: Breaking News)
- Diaspora Tamils & 13A (Category: Breaking News)
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- RW’s Political Dilemma (Category: Breaking News)
[…]The post System Change Happening In Wrong Direction appeared first on Colombo Telegraph.
- Overstressing The Proposed Truth & Reconciliation Commission (Category: Breaking News)
- From Demand For Systems Change To Systems Break (Category: Breaking News)
- Time For Truth Come Out (Category: Breaking News)
- The Missing Ingredients To Come Out Of The Economic Rut (Category: Breaking News)
International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Sunday called on the G20 members to lead by example and deliver on the promises of $100 billion per year for climate finance supported by strengthening the Multilateral Development Banks. Speaking at the conclusion of the G20 Leaders’ Summit in New Delhi on Sunday, the IMF […]
- SL a warning sign to world:IMF Chief (Category: Breaking News)
- India greatly sensitive to needs of Lanka – PM Modi (Category: Breaking News)
- IMF says changes to G20 Common Framework required for debt restructuring (Category: Breaking News)
- IMF flags debt restructuring hurdles for distressed economies (Category: Breaking News)
By HIMAL KOTELAWALA ECONOMYNEXT – If Sri Lanka allows elections to distract from the path of recovery, stabilization and growth, the country will be hit by a fresh crisis far worse than any before, former central bank governor Indrajit Coomaraswamy said. Speaking at a forum organized by Cal, a Colombo-based investment banking group, Coomaraswamy said […]
- SL economy on right track: Ex-CBSL Chief (Category: Breaking News)
- Weerawansa says President has no mandate to sell strategic assets (Category: Breaking News)
- Lanka crisis would deepen if creditors disagree, IMF says amid China concerns (Category: Breaking News)
- GL accuses govt. of encouraging chaos to prevent peaceful Presidential election next year (Category: Breaking News)
[…]The post Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-Sonic’? appeared first on Colombo Telegraph.
- The Easter Attacks & A Game Of Thrones: The Master Mind, A Cover Up Investigation & AI (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century (Category: Breaking News)
Sri Lanka expects to forge major deals in its debt restructuring this month as the International Monetary Fund conducts the first review of its $3 billion loan program.The post Sri Lanka Expects Major Debt Restructuring Deals as IMF to Review Bailout appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF wants Sri Lanka to implement deals with official creditors (Category: Breaking News)
- Sri Lanka expects major debt restructuring deals as IMF to review bailout - report (Category: Breaking News)
- China keeps Pakistan, Sri Lanka waiting on loan deals (Category: Breaking News)
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
Sri Lanka's key inflation rate eased to 4% in August from 6.3% a month ago, the statistics department said on Thursday, marking continued stabilisation for the crisis-ridden economy.The post Sri Lanka’s key inflation rate eases to 4% in August appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka’s key inflation rate surges to record, keeps central bank pressured (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 35.3% in April (Category: Breaking News)
MANILA, PHILIPPINES (29 May 2023) —The Asian Development Bank (ADB) approved a $350 million special policy-based loan to provide budget support to Sri Lanka for economic stabilization. The program is part of a broader package of financial assistance anchored by the International Monetary Fund’s Extended Fund Facility for the country, which aims to stabilize the […]
- ADB approves USD 100 million loan to support SMEs in Sri Lanka (Category: Breaking News)
- ADB chief commends Sri Lanka s efforts, pledges further support (Category: Breaking News)
- ADB approves USD 350 million loan for Sri Lanka s economic stabilization (Category: Breaking News)
- ADB assures more support but not debt cancellation (Category: Breaking News)
By Shamindra Ferdinando Justice Minister Dr. Wijeyadasa Rajapakse, PC, declared in Parliament that the winners of LPL (Lanka Premier League) 2023 B-Love Kandy had been sponsored by an enterprise that was banned in the country. The statement was made in Parliament on 24th August. The one-time President of the Bar Association found fault with SLC […]
- In terms of RTI Act House releases names of MPs who voted for new law (Category: Breaking News)
- All praise for Lanka’s saviours! (Category: Breaking News)
- Prez should explain why he scrapped time-tested exchange controls – NFF (Category: Breaking News)
- Impact of foreign-funded projects on Parliament’s standing as sole sovereign and supreme body (Category: Breaking News)
Beijing [China], August 19 (ANI): Raising concerns regarding the financial crisis triggered by the downturn in China’s real estate market, Chinese investment firm Zhongrong Trust , which managed USD 87 billion worth of funds for corporate clients and wealthy individuals as of the end of 2022, had failed to pay the interest and principal on […]
- HSBC China fund JV to expand, internationalisation in focus (Category: Business)
- China to keep investing in euro zone debt – China c.bank gov. (Category: Business)
- Taiwan CB says hot money returning to markets (Category: Business)
- Ceybank Unit Trust pays Rs. 346 m as tax free dividend (Category: Business)
by Laura He China has long been the engine of global growth. But in recent weeks, its economic slowdown has alarmed international leaders and investors who are no longer counting on it to be a bulwark against weakness elsewhere. In fact, for the first time in decades, the world’s second economy
- China sets lowest GDP growth target in decades as Beijing tightens its belt (Category: Breaking News)
- Thousands of ethnic minority Muslims defy Chinese authorities in defense of mosque (Category: Breaking News)
- China was the ghost at the US-India feast (Category: Breaking News)
- Donald Trump pleads not guilty following arrest (Category: Breaking News)
H.J.M Seneviratne, 63, slices through yellowed paddy stems dried out by a drought that has destroyed over 95% of his crop and is threatening crisis-hit Sri Lanka's summer rice harvest.The post Drought dents Sri Lanka’s economic hopes, farmers’ livelihood appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Paddy farmers’ problems (Category: Business)
- Sri Lanka may halt rice imports to maintain farmgate paddy prices: Minister (Category: Breaking News)
- Bumper paddy harvest and the consumer (Category: Business)
- Substituting Rice For Malt (Category: Breaking News)
[…]The post The Economy & Politics: A Reality Check appeared first on Colombo Telegraph.
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- RW’s Remote-Control Economy (Category: Breaking News)
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- Why The Shock Over IMF’s Diagnostic Report? (Category: Breaking News)
KARACHI: Pakistan’s total debt and liabilities rose by 29 percent to Rs77.1 trillion in the fiscal year that ended on June 30, the central bank said on Wednesday, as the government borrowed heavily to finance its spending requirements. At the end of the last fiscal year, the country’s debt and liabilities, including domestic and foreign, […]
- Pakistan’s debt, liabilities soar to Rs 56.21 trillion in FY23 (Category: Breaking News)
- As economic situation looks gloomy in Pakistan, IMF advises strict measures (Category: Breaking News)
- Despite squeezing people, govt projects record high deficit (Category: Breaking News)
- Boom in bank borrowings to bridge Budget deficit (Category: Business)
Sri Lanka is under pressure to show it is serious about eradicating corruption, as the bankrupt South Asian nation prepares for the first review of its International Monetary Fund bailout package in September.The post Sri Lanka’s looming IMF review spotlights anti-corruption drive appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Lack of personnel and resources affecting work of Sri Lanka's Bribery Commission (Category: Breaking News)
- Bribery Commission in Sri Lanka rejects appeals made against court verdicts (Category: Breaking News)
- Sri Lanka Bribery Commission seeks legal advice for minister`s complaint against local council C... (Category: Breaking News)
- Sri Lanka`s now defunct Commission to Investigate Allegations of Bribery and Corruption receives... (Category: Breaking News)
By J. Edward Moreno Tremors in China’s real estate market are shaking the country’s economy, as well as the world, which has come to rely on China as a reliable engine of growth. Major developers are faltering as they face huge losses, struggle with mountains of debt and miss payments to lenders
- Protest in China’s Henan underscore risks bank faces as real estate sector continues to struggle (Category: Breaking News)
- China delays key economic data releases amid Communist party congress (Category: Breaking News)
- China’s economy is in trouble. Here’s what’s gone wrong (Category: Breaking News)
- Ditched by Communist Party, Chinese billionaire loses 93 per cent of his fortune (Category: Breaking News)
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