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by Jayampathy Molligoda Inflation is too high in Sri Lanka; people are finding it unbearable. How can we control the inflation from further slipping? Singapore experience and structure of our CBSL: Singapore has the Monetary Authority Singapore (‘MAS’) as their Central Bank, where in Sri Lanka, we have the Central Bank of Sri Lanka (which […]
- ‘SL’s inflation reduced to single digit levels in 2023 along with restoration of price stability’ (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- Inflation – Public Enemy Number One (Category: Breaking News)
- CBSL to maintain ‘dovish monetary policy in view of economic stabilization’ (Category: Breaking News)
by Sanath Nanayakkare As the 3rd and 4th quarters of the Year 2022 are also likely to gravitate towards a tough time, the Bank of Ceylon needs to continue to focus on efficient handling of its resources and finances, BOC Chairman Kanchana Ratwatte said yesterday. He made these remarks when the Bank marked its 83rd […]
- Bank of Ceylon celebrates 83rd Anniversary steering strongly and steadily (Category: Breaking News)
- Fitch maintains Merchant Credit on RWE (Category: Business)
- Fitch maintains Ceylease on “Rating Watch Evolving” (Category: Breaking News)
- Fitch maintains Ceylease Financial Services on Rating Watch Evolving (Category: Business)
The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity in the banking system. Such shortage of […]
- CBSL warns market players of stern action (Category: Breaking News)
- Sri Lanka central banks threatens stern action on victims after printing money (Category: Breaking News)
- CB: Indian rupee not ‘legal tender’ in SL (Category: Breaking News)
- Central Bank assures foreign exchange to import essential goods (Category: Breaking News)
We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake
- CBSL warns market players of stern action (Category: Breaking News)
- CBSL reiterates importance of ‘fair play’ by all stakeholders of economy in countering economic ... (Category: Breaking News)
- Sri Lanka exporters say committed to repatriating funds (Category: Breaking News)
- Sri Lanka CB takes on task finding dollars for food after open account ban (Category: Breaking News)
[…]The post Presidential Dilemma: Find Fuel Or Face Protests appeared first on Colombo Telegraph.
- Ranil-Rajapaksa Dilemmas: Push Back On Basil Or Risk Leaving Like Gota (Category: Breaking News)
- Ranil-Gota Twosome: One Gone, The Other Is Acting Up (Category: Breaking News)
- Good Bye Ranil; “Welcome” President Dulles Alahapperuma (Category: Breaking News)
- Whose Saviour Is Ranil? And Who Is Being Clever – Ranil Or Gota? (Category: Breaking News)
The Central Bank of Sri Lanka (CBSL) has warned of stern action against market players who fail to fully comply with foreign exchange regulations. Issuing a statement, CBSL said that the bank and the Government have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor […]
- Central Bank assures foreign exchange to import essential goods (Category: Breaking News)
- CBSL reiterates importance of ‘fair play’ by all stakeholders of economy in countering economic ... (Category: Breaking News)
- Indian Rupee not a legal tender in Sri Lanka for domestic payments (Category: Breaking News)
- Sri Lanka further relaxes Foreign Exchange Regulations (Category: Breaking News)
Hambantota in southern Sri Lanka housed ousted President Gotabaya Rajapaksa following the recent crisis, until he was forced to flee the country entirely. That continues a trend of the city, and especially its strategic deep-sea port, being in the news for all the wrong reasons. In 2017, when Sri Lanka found itself struggling to make […]
- Over 400 respond (Category: Breaking News)
- IFC to provide $400 million to banks in Sri Lanka (Category: Breaking News)
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- IPO To Raise Rs. 400 mn (Category: Breaking News)
[…]The post An Open Letter & Appeal To The IMF appeared first on Colombo Telegraph.
- An Open Letter To Mr. President Ranil Wickremesinghe (Category: Breaking News)
- An Open Letter To The President & The Judiciary (Category: Breaking News)
- An Open Letter To President & Judiciary – A Response (Category: Breaking News)
- Target 2048 – Economic Democracy Principles Should Be Followed To The Letter (Category: Breaking News)
The government defaulted an interest payment of 78 million US dollar of a sovereign bond on May 19
- Cross Asian (Category: Business)
- S&P downgrades two Sri Lanka sovereign bonds to ‘D’ (Category: Breaking News)
- Sri Lanka sovereign rating at SD but ISBs downgraded to ‘D’ by S&P (Category: Breaking News)
- Reserve Investment (Category: Business)
[…]The post 9th July Revolution Ousted Rajapaksa Dynasty; So, Let It Imprimatur appeared first on Colombo Telegraph.
- BASL; Altruistic Union That Does Not Stand For Its Members’ Sake But For The People (Category: Breaking News)
- A Janus Moment (Category: Breaking News)
- Is The IMF Mad To Give Loans To A Murderous Government? (Category: Breaking News)
- Dawn At Galle Face: Which Tomorrow? (Category: Breaking News)
[…]The post Good Bye Ranil; “Welcome” President Dulles Alahapperuma appeared first on Colombo Telegraph.
- Abolishing The Presidency – Two Cunning Foxes Plan The Unexpected! (Category: Breaking News)
- Dammika Perera Antics – Only Oligarch In Sri Lanka! (Category: Breaking News)
- Aragalaya: People’s Response To Rajapaksa-Made Crisis (Category: Breaking News)
- Ranil-Rajapaksa Dilemmas: Push Back On Basil Or Risk Leaving Like Gota (Category: Breaking News)
India has surpassed China to become the top lender to Sri Lanka, as the former came to the rescue when Sri Lanka started experiencing some acute shortage of foreign currency from the beginning of the year which reached a breaking point in March causing a complete collapse of the country’s economy.The post India eclipses China to become top lender to debt-laden Sri Lanka appeared first on ONLANKA N...
- China’s EXIM bank offers Sri Lanka debt extension – report (Category: Breaking News)
- Sri Lanka gives China deal details, keeping IMF aid on track (Category: Breaking News)
- India plans no more funding for Sri Lanka as IMF talks progress (Category: Breaking News)
- Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package (Category: Breaking News)
[…]The post The Destiny Of China’s Colony Of Sri Lanka appeared first on Colombo Telegraph.
- Sri Lanka’s Past Is Prologue For China (Category: Breaking News)
- Postponing Elections & Inviting The Dragon: Sri Lankan President’s China Tilt (Category: Breaking News)
- Why Should The United States Care About Sri Lanka’s Predicament? (Category: Breaking News)
- Modi’s Civilizational Twist To Indo-Lanka Relations (Category: Breaking News)
Says economy could contract 7-pct in 2022
- Sri Lanka’s total debt burden Rs 21.6 trillion by March 2022 (Category: Breaking News)
- Once the Parliament approves IMF agreement, the main points will be passed into law – Sri Lanka ... (Category: Breaking News)
- Prez vows to reform loss-making state enterprises, implement new tax regime (Category: Breaking News)
- Sri Lanka receives financial assurance letter from China (Category: Breaking News)
Sri Lanka’s total debt burden increased to Rs 21.6 trillion by March 2022, Prime Minister Ranil Wickremesinghe told Parliament today. He said that Sri Lanka needs to pay $3.4 billion between June and December this year, $5.8 billion in 2023, $4.9 billion in 2024, $6.2 billion in 2025, $4.0 billion in 2026 and $4.3 billion […]
- Sri Lanka Prime Minister’s full statement on IMF negotiations (Category: Breaking News)
- Sri Lanka receives financial assurance letter from China (Category: Breaking News)
- President seeks opposition support to implement IMF deal (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
Prime Minister Ranil Wickremesinghe informed Parliament today that Sri Lanka was facing the threat of hitting rock bottom. He also said that going to the International Monetary Fund (IMF) is the only option Sri Lanka has to resolve the economic crisis. The Prime Minister said that the aim of the Government is to hold discussions […]
- Sri Lanka to reach IMF staff level agreement, debt restructuring framework by end July: PM (Category: Breaking News)
- Having Proper plan to strengthen Sri Lanka’s economy is important – President (Category: Breaking News)
- Sri Lanka President says Let 2048 be the year of development for Sri Lanka (Category: Breaking News)
- Sri Lanka PM wants opposition to call off boycott to proceed with 21A (Category: Breaking News)
Talks will continue over the next few days with an IMF delegation already in the island nation, he said.
- Sri Lanka constitutional reforms won’t be in effect till next parliament: opposition leader (Category: Breaking News)
- Sri Lanka justice minister calls for opposition support for his 21st amendment (Category: Breaking News)
- Sri Lanka PM must present fiscal consolidation plan, go for SOE reform: opposition MP (Category: Breaking News)
- Sri Lanka must not overlook Russia in favour of IMF, says MP Weerawansa (Category: Breaking News)
[…]The post Sri Lankan Economy Heading Towards A Dangerous Phase appeared first on Colombo Telegraph.
- Lanka-Arab Relations (Category: Breaking News)
- The President, IMF & System Change (Category: Breaking News)
- What Next For Aragalaya? (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
Protests beginning to father pace as petrol, diesel shortages threaten to bring the country to a standstill
- Sri Lanka won’t face hunger crisis, economic situation will get worse before it gets better: new... (Category: Breaking News)
- Sri Lanka president meets top commonwealth official, diaspora group amid opposition criticism (Category: Breaking News)
- Sri Lanka to reach IMF staff level agreement, debt restructuring framework by end July: PM (Category: Breaking News)
- Canada eases travel advisory to Sri Lanka from ‘orange’ to ‘yellow’ risk level (Category: Breaking News)
Passenger transport, goods transport hit
- Sri Lanka bunker firms cleared to import industrial fuel: Minister (Category: Breaking News)
- Sri Lanka to operate one-third of private buses from June 06 (Category: Breaking News)
- Sri Lanka bus operators want tariff hike to account for central bank actions (Category: Breaking News)
- Sri Lanka sees backlash against market pricing of expensive, polluting diesel (Category: Breaking News)
Currency crisis has triggered forex shortages
[…]The post A Country In Peril While The Executive Experiments appeared first on Colombo Telegraph.
- Paradise Bankrupt On Golden Republic Anniversary (Category: Breaking News)
- Could A ‘National Government’ Resolve The Crisis? (Category: Breaking News)
- The Impact Of Socio-Political Culture On The Growth Momentum; An Analysis Of Government Policy (Category: Breaking News)
- The Impact Of Socio-Political Culture On The Growth Momentum; An Analysis Of Government Policy (Category: Breaking News)
"China and the United States could work together to help Sri Lanka (to) overcome current difficulties (sp)."
- Sri Lanka, China sign agreements to enhance bilateral cooperation (Category: Breaking News)
- China urges Sri Lanka to release detained fishermen (Category: Breaking News)
- Million dollar scam: 482 Chinese arrested (Category: Breaking News)
- China encourages more tourists - Govt (Category: Breaking News)
Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed Prime Minister said. Prime Minister Ranil Wickremesinghe said he would first look to other sources, but would be open to buying
- Finland Prime Minister ousted, conservatives win tight vote (Category: Breaking News)
- Sri Lanka crisis raises alarm about further unrest in APAC region (Category: Breaking News)
- Japan to organize Sri Lanka creditors’ meeting over debt crisis (Category: Breaking News)
- Sri Lanka former leftist leader blames IMF for Russia’s invasion of Ukraine (Category: Breaking News)
Customers are sending questionaries to exporters on a daily basis inquiring about the country's situation.
- Exporters Forum back in Sri Lanka (Category: Breaking News)
- No negative impact over GSP+ loss (Category: Breaking News)
- DHL partners HSBC Colombo Fashion Week for third consecutive year (Category: Business)
- TradeCard joins forces with Sri Lanka Design Festival (Category: Business)
The United Nations team in Sri Lanka and non-governmental organisations launched a joint Humanitarian Needs and Priorities (HNP) Plan today, calling for US$47.2 million to provide life-saving assistance to 1.7 million people worst-hit by the economic crisis over a four-month period, from June to September. This directly responds to the Government of Sri Lanka’s request […]
- Australia to provide $50 million assistance to Sri Lanka (Category: Breaking News)
- WFP says 66 % Sri Lankans reduced number of meals eaten daily (Category: Breaking News)
- High-Level US delegation arrives in Sri Lanka (Category: Breaking News)
- High-Level US delegation to visit Sri Lanka (Category: Breaking News)
Sri Lanka is compelled to depend on other countries to manage the impacts of economic crisis.
- Fuel crisis - some recommendations (Category: Breaking News)
- Ailing Economy (Category: Business)
- Sri Lanka president urges ‘courage’ on National Day (Category: Breaking News)
- Sri Lanka Devalues Rupee, Plans Tax Cuts to Support Growth (Category: Breaking News)
Wickremesinghe is on the spotlight for his performance after accepting Prime Minister post unconditionally.
- Samantha Power assures Ranil USAID support (Category: Breaking News)
- Sri Lanka won’t face hunger crisis, economic situation will get worse before it gets better: new... (Category: Breaking News)
- Sri Lanka to reach IMF staff level agreement, debt restructuring framework by end July: PM (Category: Breaking News)
- Sri Lanka PM writes to opposition leader, invites his party to join new government (Category: Breaking News)
Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited
- PM warns Sri Lanka facing threat of hitting rock bottom (Category: Breaking News)
- An Exit Strategy From The Crisis: Agenda For Shared Revival Of Sri Lanka (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
- Special Statement Delivered By President Ranil Wickremesinghe: Full Text (Category: Breaking News)
Crop shortfalls due to fertilizer and fuel shortages
- Sri Lanka state firms to buy 230,000MT fertilizer for next season: Minister (Category: Breaking News)
- Food Barrier (Category: Business)
- Sri Lanka farmers showing stronger than expected interest to grow maize: Minister (Category: Breaking News)
- Sri Lanka sees unexpectedly higher Yala rice cultivation: Minister (Category: Breaking News)
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