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Sri Lanka’s largest bilateral creditor, China, has assured the island nation its help in effectively addressing the debt challenges as it has to finalise the external and domestic debt restructuring of a whopping USD 41 billion by September before the IMF’s first review. The International Monetary Fund (IMF) is set to conduct its first review […]
- Sri Lanka’s debt restructuring likely to be complete by September – IMF (Category: Breaking News)
- China only observer in Sri Lanka’s debt restructuring platform (Category: Breaking News)
- Sri Lanka expects major debt restructuring deals as IMF to review bailout - report (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
Chinese oil major Sinopec expects to start operations in Sri Lanka on Sept. 20 and will be allowed to sell fuel for less than the maximum retail price set by the government, Sri Lanka's power minister said on Tuesday.The post Sri Lanka says China’s Sinopec to start operations September 20
- China s Sinopec to start operations in Sri Lanka in Sept. (Category: Breaking News)
- China’s Sinopec to enter Sri Lanka retail fuel market (Category: Breaking News)
- Sinopec issues clarification on fuel station project in Sri Lanka (Category: Breaking News)
- Sinopec officially begins operations in Sri Lanka with Rs. 3 discount offer (Category: Breaking News)
The IMF will conduct the first review of the $2.9 billion bailout to Sri Lanka from September 11-19, state minister of finance Ranjith Siyambalapitiya said on Saturday and declared that the country has successfully fulfilled the nine conditions set by the global lender.The post IMF to conduct bailout review for Sri Lanka in September appeared first on ONLANKA - Sri Lanka Latest Breaking News and T...
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF staff to visit Sri Lanka in September for first programme review (Category: Breaking News)
- IMF begins second review of Sri Lanka’s bailout package today (Category: Breaking News)
- IMF team in Colombo this week for first review of Extended Fund Facility (Category: Breaking News)
SJB MP Eran Wickramaratne says the importation of inferior medicine by way of emergency procurement and non-functioning medical, surgical and other test equipment in hospitals have ruined the public health sector. Addressing the Media at the Office of the Leader of Opposition on Sunday (6Aug2023), Wickramaratne said that this pathetic situation in the health sector […]
- SJB: State audit vindicates no-faith motion against Keheliya, remedial measures urgently required (Category: Breaking News)
- Health sector strike to resume on 01 Feb. (Category: Breaking News)
- 72 health sector unions to resume strike from Tuesday (Category: Breaking News)
- Ousting govt. only way to solve country’s problems – Women for Rights (Category: Breaking News)
By Shamindra Ferdinando The Convenor of ‘Samagi Joint Trade Union Alliance’ Ananda Palitha yesterday (06) alleged that the bankrupt country was being exploited to the hilt by the powers that be and external powers. The one-time director of the Ceylon Petroleum Corporation (CPC) said that the Wickremesinghe-Rajapaksa government increased diesel and petrol prices on 30th […]
- SJB unionist: IOC and Sinopec benefit from special levy on fuel to recover CPC losses (Category: Breaking News)
- SJB TU accuses CPC, LIOC and Sinopec of making unconscionable profits (Category: Breaking News)
- Govt. increased fuel prices to please Sinopec – Trade unionist (Category: Breaking News)
- VAT on fuel already subjected to several taxes unfair – SJB trade union wing (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
- 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? – Part VI (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
[…]The post To Be Realistic, There Are Only Two Options appeared first on Colombo Telegraph.
- The Partnership Between NPP & JVP Must Be Emboldened (Category: Breaking News)
- Ranil’s Economic Strategy: Will His Prioritisation Of Targets Misfire? (Category: Breaking News)
- Is State Owned Temasek A Useful Concept For Sri Lanka? (Category: Breaking News)
- Unbundling The CEB II: Ranil & The Politics Of Reforming SOEs (Category: Breaking News)
The second fuel cargo of Sinopec, China s leading international petroleum company, is scheduled to reach Sri Lanka today (Aug 02).
China’s Sinopec, a leading international petroleum company, had imported its first consignment of fuel to be distributed in the local market, Power and Energy Minister Kanchana Wijesekara said yesterday (01). The Minister said in his Twitter that its second shipment would arrive today (03
A top Sri Lankan athlete who set national records in the pole vault has been working as a housemaid in Dubai to help support her family at home. For the last year Sachini Perera, 24, has put her athletics dreams on hold when Sri Lanka’s currency crisis and soaring medical bills made it difficult for […]
- Sri Lanka s Vaulting Queen works as Dubai housemaid to support family at home (Category: Breaking News)
- Daughter of Sri Lankan immigrants wins Australia’s biggest literary prize (Category: Breaking News)
- UN Resident Coordinator and Ranil discuss human rights (Category: Breaking News)
- Thai King makes donation to rehabilitate elephant mistreated in Sri Lanka (Category: Breaking News)
India and Sri Lanka said on Friday that they had agreed to improve economic ties by increasing cooperation in renewable energy and studying the feasibility of building an oil pipeline and a land bridge between the two countries.The post India, Sri Lanka agree to boost ties through energy, power and port projects appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka and India reach agreements on Renewable Energy, Animal Husbandry, and more (Category: Breaking News)
- Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India (Category: Breaking News)
- Indian Prime Minister urges Sri Lankan President to ensure “life of dignity and respect” for Tam... (Category: Breaking News)
- HC Moragoda pushing for land connectivity with India (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe arrives in New Delhi on Thursday on a two-day visit hoping to strengthen economic ties between the South Asian countries.The post Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka trying to reduce overall debt by $17 Billion, president says (Category: Breaking News)
- India seeks ‘positive transformation’ in bilateral ties during Sri Lanka President’s upcoming vi... (Category: Breaking News)
- Sri Lanka and India reach agreements on Renewable Energy, Animal Husbandry, and more (Category: Breaking News)
- Sri Lanka could wrap up debt restructure talks by Sept, president says (Category: Breaking News)
At first glance, life in Sri Lanka's financial capital Colombo looks deceptively normal.The post Is the worst over for Sri Lanka’s economic crisis? appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- USAID Administrator Samantha Power arrives in Sri Lanka (Category: Breaking News)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka hit by record brain drain, but some stay to rebuild (Category: Breaking News)
Sri Lanka born international economist Dr. Howard Nicholas of Erasmus University, Netherlands has categorically stated that Sri Lanka must not adopt the IMF recommendations on monetary policy for it has no rational basis and evidence of success anywhere in the world. Coming from a Western based economist that provides a lot of food for thought […]
- SL lagging behind other countries due to lack of national digital policy- NC sub-committee (Category: Breaking News)
- Relevance of Non-alignment or ‘dynamic neutrality’ to SL’s foreign policy (Category: Breaking News)
- SL economy, IMF claims, and reality (Category: Breaking News)
- Decline of middle class bodes ill for nation (Category: Breaking News)
State Minister of Technology, Kanaka Herath, announced the introduction of the DIGIECON 2030 program, aimed at accelerating Sri Lanka’s economy towards an inclusive digital ecosystem through the utilization of advanced technology-based solutions. The program includes a comprehensive digital master plan, a regulatory policy framework, and a series of annual events that will demonstrate the governme...
- Crisis-ridden Lanka’s brain drain hits ICT sector’s workforce; requires 100,000 more – official (Category: Breaking News)
- Media Ministry Secretary set to earn a good commission (Category: Breaking News)
- The National Digital Economic Strategy for Sri Lanka – 2030 to be implemented (Category: Breaking News)
- Basil gets contract to convert Rupavahini systems to digital (Category: Breaking News)
ECONOMYNEXT –Jet fuel in Sri Lanka is expensive and the government should consider capping the mark-up of state-run Ceylon Petroleum Corporation to reduce costs, according to Philip Goh, Regional Vice President for Asia Pacific of the International Air Transport Association said. “Airlines
- Sri Lanka selects new suppliers for fuel (Category: Breaking News)
- Aviation Fuel (Category: Business)
- Sri Lanka to open ground handling, catering, jet fuel supply at airports to private sector (Category: Breaking News)
- Part of port land up for sale (Category: Breaking News)
China s leading international petroleum company, Sinopec will commence its operations in the country today (July 15) as an importer, distributor and retail operator for petroleum products, according to State Minister Dilum Amunugama.
[…]The post Towards A False Dawn appeared first on Colombo Telegraph.
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- A führer In The Making (Category: Breaking News)
- RW, IMF & The Economy (Category: Breaking News)
- Political Buddhism & Corruption: The Unholy Twins (Category: Breaking News)
Sri Lanka is likely to discuss energy, power and port projects during a presidential visit to New Delhi next week, the Foreign Minister said, as India tries to push forward stalled initiatives with its crisis-hit neighbour. India’s support was critical for Sri Lanka last year after it almost ran out of dollars and sank into […]
- China’s industrial profits tumble, deepening economic gloom (Category: Breaking News)
- Bill to trim president’s powers likely to become law within weeks (Category: Breaking News)
- India’s offer to privatise rocket has 20 potential bidders (Category: Breaking News)
- China’s security drive hits embassy activities, LGBT events, some diplomats say (Category: Breaking News)
Sri Lanka is likely to discuss energy, power and port projects during a presidential visit to New Delhi next week, the foreign minister said on Monday, as India tries to push forward stalled initiatives with its crisis-hit neighbour.The post Sri Lanka to focus on energy, port projects with India during presidential visit appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka to focus on energy, port projects with India during presidential visit (Category: Breaking News)
- India and Sri Lanka discuss ways to improve energy connections (Category: Breaking News)
- Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India (Category: Breaking News)
- Sri Lanka grants Adani Green Energy provisional approvals for wind projects (Category: Breaking News)
Udeni Kaluthantri, a 54-year-old port worker, became an overnight sensation last year for reasons that had nothing to do with his job. Days after protesters stormed the presidential palace in the Sri Lankan capital Colombo, a video surfaced of Mr Kaluthantri lounging on a bed draped with the presidential flag. Pictures of young men jumping […]
- Brazil’s President vows to punish rioters who stormed Congress (Category: Breaking News)
- Mass arrests in Brazil as President condemns ‘terrorist’ riots (Category: Breaking News)
- Pakistan’s Supreme Court rules Imran Khan arrest was illegal (Category: Breaking News)
- A divided Japan bids farewell to its slain ex-PM (Category: Breaking News)
When the five days long stretch of holidays ended last week and the Colombo bourse reopened for trading on Tuesday, the market surged 6.71 percent (633.69 points up) on the broad All Share Price Index (ASPI) while the Standard and Poor SL 20 index covering the 20 largest and more liquid companies quoted on the […]
- Manning Market closed until further notice (Category: Breaking News)
- Stock market ends on a positive note (Category: Breaking News)
- Stock market closed for the day as S P SL20 falls (Category: Breaking News)
- Man killed in shooting incident at Manning Market (Category: Breaking News)
By Amal JAYASINGHE The snaking queues for food and fuel that crisscrossed Sri Lanka last year have given way to a different kind of line — people scrambling for travel documents to flee their bankrupt island. “What we see as normalcy is a mirage,” customer care executive Gayan
- Prez offers to convert N’Eliya Post Office into a hotel (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
- Mo Farah says his final 26.2-mile race will ‘be emotional’ (Category: Breaking News)
- Covid-19: Public not keen to receive booster jab – Doc (Category: Breaking News)
The man charged with clawing Sri Lanka out of bankruptcy says he had warned about economic calamity years before it hit and was pressed into retirement for his troubles.The post ‘No second chance’ to save Sri Lanka, central banker warns appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- CBSL Governor refuses to resign over pay hike issue (Category: Breaking News)
- CBSL chief s special statement on domestic debt restructuring process (Category: Breaking News)
- Sri Lanka’s Central Bank Governor asks critics to provide alternatives (Category: Breaking News)
- Sri Lanka faces shutdown without stable govt- CBSL governor warns (Category: Breaking News)
A year after angry Sri Lankans stormed the president's residence and forced his ouster during a meltdown of the economy, the island's streets are calm, there are no serpentine queues at fuel stations and hours-long power cuts have ended.The post Analysis: A year later, Sri Lanka’s tentative
- Sri Lanka cabinet approves new electricity tariff without saying what it is (Category: Breaking News)
- Japan to support Sri Lanka’s debt restructuring negotiations (Category: Breaking News)
- IMF team in Colombo this week for first review of Extended Fund Facility (Category: Breaking News)
- Sri Lanka sees forex reserves exceeding $4 billion after fresh funding (Category: Breaking News)
CP Chairman DEW G says lawmakers here should be aware of what is going on in the world. The Parliament cannot turn a blind eye to global developments, the former MP said, pointing out that the ongoing Ukrainian crisis underscored the need for greater understanding of international affairs as the rapid developments taking place with […]
- DEW alleges US must have approved removal of Galle Face protesters (Category: Breaking News)
- SJB alleges Prez under SLPP pressure to give up power to dissolve Parliament (Category: Breaking News)
- DEW disappointed over disruption of COPE; AG acting in terms of Standing Orders (Category: Breaking News)
- SC ruling on economic crisis: Parliament also responsible, says Foreign Minister (Category: Breaking News)
Chinese Ambassador to Sri Lanka Qi Zhenhong says that many nations in the world, including China and Sri Lanka, are still suffering under the yoke of neo-colonialism and hegemonism. Speaking during a visit to the Muthiyangana Raja Maha Viharaya, AmbassadorQi said China firmly upholds international fair play and justice, advocates the practice of true multilateralism, takes […]
- Flights between China and Sri Lanka to be increased (Category: Breaking News)
- Sri Lanka s priority is to attract investments instead of further borrowings President tells ... (Category: Breaking News)
- Sri Lanka s priority is to attract investments instead of further borrowings President tells ... (Category: Breaking News)
- Sri Lanka s priority is to attract investments instead of further borrowings President tells ... (Category: Breaking News)
[…]The post The March Towards ‘Akhand Bharat’ appeared first on Colombo Telegraph.
- Sri Lanka Is Still In Deep Trouble, With Or Without Ranil (Category: Breaking News)
- Who Were The Early Sri Lankans? (Category: Breaking News)
- Destination Delhi: Roving President’s Next Port Of Call (Category: Breaking News)
- To Be Or Not To Be (A US Military Base) (Category: Breaking News)
Sri Lankan tea prices that had been piping hot have cooled off as production in the world’s fourth-largest tea grower begins to recover.The post Sri Lanka tea prices dip 40% from record high on production rebound appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Prices of cup of plain tea and milk tea reduced (Category: Breaking News)
- Sri Lanka tea industry to fully recover next year, says minister (Category: Breaking News)
- Leaf Trend (Category: Business)
- Crop Condition (Category: Business)
It is important that Sri Lanka restructures its debt and relaxes the restrictions imposed on imports by the end of this year, Sri Lankan High Commissioner to India, Milinda Moragoda told News First in an interview on Thursday night. Sri Lanka has suspended its external debt repayments and the import of many goods, which are against […]
- EC: Prez poll can’t be put off (Category: Breaking News)
- OPA panel discussion: The Role of Domestic Aviation in Sri Lanka Tourism (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- UK, US pressure Lanka to repeal PTA (Category: Breaking News)
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