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Peter Breuer, Chief of IMF Mission to Sri Lanka has claimed that the Sri Lankan economy is showing signs of progress. The monetary and fiscal measures like tax increases and particularly the debt moratorium may have resulted in giving some breathing space for the country to recover from the period
- Crashing economies and the South’s narrowing foreign policy options (Category: Breaking News)
- Need for new economic policy for poor countries (Category: Breaking News)
- Dr. Nicholas advises Lanka against swallowing IMF dope (Category: Breaking News)
- Pitfalls of export-led growth (Category: Breaking News)
… asks House to rectify fundamental blunder by Shamindra Ferdinando Lawmaker Gevindu Cumaratunga, on behalf of the Uththara Lanka Sabhagaya (ULS), has requested the Chairman of the Committee on Public Finance (CoPF) Dr. Harsha De Silva to propose fundamental change to the Central Bank of Sri Lanka Act (No 16 of 2023) by including Secretary to the Finance Ministry/Treasury […]
- MP drops bombshell over EPF discrepancy, demands immediate remedy (Category: Breaking News)
- Parliament urged to incorporate amendments into Central Bank Bill in keeping with promise to SC (Category: Breaking News)
- MPs call for abolition of collective agreement (Category: Breaking News)
- Opposition alleges bid to mislead House (Category: Breaking News)
[…]The post IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank appeared first on Colombo Telegraph.
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
- A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War (Category: Breaking News)
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (Category: Breaking News)
- Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpo... (Category: Breaking News)
[…]The post Suspension Of Parate Execution Won’t Do; Establish Bad Bank To Resolve Issue Permanently: Dr. Anil Baddevithana appeared first on Colombo Telegraph.
- Parate execution is the last resort to protect depositors’ funds – SLBA (Category: Breaking News)
- Ministers of Justice and Health on collision course with association of banks (Category: Breaking News)
- Lending In A Recession: Banks Should Do Venture Capital Financing For Startups (Category: Breaking News)
- Only 0.4% of loans recovered using Parate laws – CBSL (Category: Breaking News)
[…]The post Ancient Values Influence Behaviour Centuries Later appeared first on Colombo Telegraph.
- Bloodbath In The Politburo (Category: Breaking News)
- Yoruba People & Culture (Category: Breaking News)
- Erosion & Climate Change: Sri Lanka Is Adrift In The Indian Ocean (Category: Breaking News)
- Priceless Stolen Property (Category: Breaking News)
[…]The post Playing The Fiddle While The Country Burns! appeared first on Colombo Telegraph.
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
- Separation Of Powers, Rule Of Law, Corruption & SL Bankruptcy (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
[…]The post The Steps To Achieve Justice In Sri Lanka appeared first on Colombo Telegraph.
- Transitional Justice In Sri Lanka: Accomplishments & Challenges In The Post-Civil War (Category: Breaking News)
- Abuses Undercut Proposed ‘Truth Commission’ – Human Rights Watch (Category: Breaking News)
- Too polarized to reconcile? The struggle for transitional justice in Sri Lanka (Category: Breaking News)
- Too polarized to reconcile? The struggle for transitional justice in Sri Lanka (Category: Breaking News)
During the meeting between President Ranil Wickremesinghe and the IMF team at the Finance Ministry yesterday (07), Peter Breuer, the Senior Mission Chief for Sri Lanka, delivered encouraging remarks. Breuer emphasized that the IMF program is exhibiting promising signs of efficacy, translating into tangible outcomes. He commended the authorities for their unwavering commitment to the program’s impl...
- IMF program is exhibiting promising signs of efficacy – IMF Mission Chief for Sri Lanka (Category: Breaking News)
- IMF programme in SL showing signs of working – Breuer (Category: Breaking News)
- IMF hopes for Sri Lanka political crisis resolution to resume deal talks (Category: Breaking News)
- President reiterates govt s commitment to sustaining momentum and advancing economic agenda (Category: Breaking News)
Sri Lanka's President, Ranil Wickremesinghe, asserted that the nation’s economy is experiencing robust growth due to the government’s initiatives.The post Sri Lanka’s President says Government initiatives drive robust economic growth appeared first on ONLANKA - Sri Lanka Latest Breaking News
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- Sri Lanka expects 1.8% Economic growth in 2024 (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
Reaffirming its customer-centric focus, the Truly Sri Lankan Bank, Pan Asia Bank, has forged a strategic partnership with AIA Insurance Lanka, to provide comprehensive insurance solutions – including protection, health and investment solutions – that meet the changing needs of the Bank’s valued consumers. Expressing his enthusiasm about the new partnership, Naleen Edirisinghe, CEO of [...
- Ayubowan AIA (Category: Business)
- Pan Asia Bank and Wogi to introduce Global Customer Reward platform to revolutionize customer ex... (Category: Breaking News)
- DFCC Bank and AIA virtually recognise CEO Club Award Winners (Category: Breaking News)
- Special Credit Card for government pensioners (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe revealed that over the past 14 months, the Parliament has enacted 42 new laws to facilitate the country’s economic transformation.The post Sri Lanka President says 42 new laws enacted for economic transformation, 62 laws due for enactment appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- No candidate vying for the presidency has announced plans to abolish executive powers (Category: Breaking News)
- President RW Emphasizes He Has Not Deviated From The Principles Of The Democratic Socialist System (Category: Breaking News)
- No candidate vying for the presidency has announced plans to abolish executive powers – President (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
‘New laws needed to rein them in’ By Shamindra Ferdinando Justice Minister Dr. Wijeyadasa Rajapakse, PC, said that contrary to the Constitution, the Parliament didn’t exercise full control over public finance.The former President of the Bar Association said a new law was required to subject all state enterprises to parliamentary control to prevent further deterioration […]
- SLC, cryptocurrency and repealing of time-tested law (Category: Breaking News)
- Impact of foreign-funded projects on Parliament’s standing as sole sovereign and supreme body (Category: Breaking News)
- Prez should explain why he scrapped time-tested exchange controls – NFF (Category: Breaking News)
- Ranil sworn in before CJ as Acting President (Category: Breaking News)
[…]The post Ronnie De Mel: A True Democrat & An Economics Philosopher To The End appeared first on Colombo Telegraph.
- Central Bank Independence: Issue To The Fore Again, But Will The Government Have Foresight To Do... (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: Has The Monetary Board Failed The Nation? (Category: Breaking News)
- A Child’s Guide To Currency Boards: Why Did Ceylon Give Up The Currency Board, While Singapore D... (Category: Breaking News)
- Budget 2021: A Reversion To JR Jayewardene Policies Of 1940s? (Category: Breaking News)
Sri Lanka is set to introduce the National Cyber Security Act this year, which will be followed by the establishment of the Cyber Security Authority.The post Sri Lanka to introduce National Cyber Security Act, establish Cyber Security Authority appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka to launch a national Computer Emergency Response Team (Category: Breaking News)
- Sri Lanka to Host Digital Economy Summit in July – State Minister for Technology (Category: Breaking News)
- Beware of fake internet banking sites (Category: Breaking News)
- Beware of a phone scam (Category: Breaking News)
By Rathindra Kuruwita The Ceylon Electricity Board (CEB) has significantly overestimated the cost of electricity production and transmission for 2024 and this is reflected in their estimated cost of production, says MP Gamini Waleboda, head of the Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis. The overestimation is around Rs 140 billion, […]
- IRD’s inability has led govts. to extract unbearable taxes from professionals, honest people (Category: Breaking News)
- NFF accuses SLPP of causing irreversible damage to COPE (Category: Breaking News)
- SJB ready for painful reforms unlike Rajapaksas who only exploited divisions, says MP Hashim (Category: Breaking News)
- CEB to reduce workforce to 18,000 (Category: Breaking News)
In a welcome development in relation to Sri Lanka’s regional policy, some state functionaries of the Ranil Wickremesinghe regime have gone on record as having stated that Sri Lanka would be taking notable cognizance of India’s security concerns, going forward. This is as it should be. None of India’s immediate neighbours could afford to overlook […]
- Impact of security considerations on foreign policy crafting (Category: Breaking News)
- Baglay reiterates India’s commitment in line with ‘Neighbourhood First Policy’ (Category: Breaking News)
- India underscores inclusivity on 75th anniversary of Independence (Category: Breaking News)
- ‘The fascist threat’ and the South’s mounting travails (Category: Breaking News)
The Indian government is working on operationalizing Rupee investments in Sri Lanka in a move to boost Indian investments in its southern neighbor, two people aware of the matter told Mint.The post India to push rupee investments in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Indian Government allows Sri Lankans to hold $10,000 worth of rupee in cash (Category: Breaking News)
- Sri Lankan bank opens VOSTRO account in India (Category: Breaking News)
- Sri Lankan Rupee further depreciates against U.S. Dollar (Category: Breaking News)
- India to push rupee investments in Sri Lanka - report (Category: Breaking News)
Monday 26th February, 2024 Sri Lanka is a nation in the hara-kiri mode. It needs no enemies; it has become its worst enemy. It continues to maintain a bunch of failed, corrupt politicians and their bureaucratic lackeys responsible for ruining the economy and hell-bent on degrading vital national
- Orwellian Isle Ordeals (Category: Breaking News)
- Message from a Cell Death (Category: Breaking News)
- Post-Match Melancholia (Category: Breaking News)
- EC: Prez poll can’t be put off (Category: Breaking News)
[…]The post Navigating The Economic Reawakening & Sustainable Growth appeared first on Colombo Telegraph.
- Crisis-Hit Sri Lanka Economy (Category: Breaking News)
- Current State Of Sri Lankan Economy, According To Dhananath Fernando (Category: Breaking News)
- Can Sri Lanka Drive Itself From Bankruptcy To Prosperity In 2023? (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
Senior U.S. diplomat Richard Verma on Friday met Sri Lankan President Ranil Wickremesinghe and Foreign Minister Ali Sabry in Colombo, and discussed Sri Lanka's economic recovery and progress on its IMF program, the U.S. State Department said.The post Senior U.S. official discusses Sri Lanka’s IMF program in Colombo appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Senior US official discusses Sri Lanka s IMF program in Colombo (Category: Breaking News)
- U.S. Deputy Secretary of State commends Sri Lanka’s economic efforts (Category: Breaking News)
- U.S. Deputy Secretary Verma commends Sri Lanka s economic recovery efforts (Category: Breaking News)
- U.S. Deputy Secretary of State calls on President Ranil (Category: Breaking News)
Sri Lanka s inflation is expected to return to the government s 5% target starting from the last two quarters of the year, a Central Bank of Sri Lanka (CBSL) official said on Wednesday, as the economy stabilises from a crippling financial crisis.
Profit before Tax increases by 258% amidst external challenges Pan Asia Banking Corporation PLC reflected a steady performance amidst multitude of adversities emerging from challenging macro-economic conditions as the Bank reported its financial performance during 2023, which showed judicious portfolio management and prudency exercised in dealing with possible fallout on its asset quality in chall...
- Concessionary loan scheme for SMEs (Category: Breaking News)
- June 30 declared a special bank holiday (Category: Breaking News)
- Increase in workers’ remittances (Category: Breaking News)
- Central Bank Governor optimistic about IMF approval for Sri Lanka’s second tranche of extended f... (Category: Breaking News)
The Maldives is a strategically important nation in the Indian Ocean, now facing a high risk of debt distress due to its increasing proximity to China. The IMF has warned the Maldives that it needs to make urgent policy changes to avoid falling into debt. The Maldivian economy, which is heavily
- China’s Efforts to Pressure Sri Lanka into Signing FTA through Debt Restructuring (Category: Breaking News)
- Maldives’ Anti-India Leadership Sparks Public Ire and Economic Turmoil (Category: Breaking News)
- Maldives’ Economic Downfall Under President Muizzu’s Choices (Category: Breaking News)
- China-Sri Lanka trade agreements ‘speed up’ amidst debt restructuring negotiations (Category: Breaking News)
I became the first person to officially transact using UPI in Sri Lanka on February 12th 2024. In the presence of three heads of states/ governments. Leaders of India, Sri Lanka and Mauritius watched the transaction and celebrated its success with applause. So what is UPI ? How does it benefit indian consumers, merchants and […]
- Only three transactions per LankaQR merchant code in 2023 (Category: Breaking News)
- India and Sri Lanka fail to reach deal on fee payments for RuPay transactions (Category: Breaking News)
- India’s PhonePe UPI launched in Sri Lanka (Category: Breaking News)
- India’s Unified Payment Interface (UPI) service launched in Sri Lanka (Category: Breaking News)
Sri Lanka’s inflation is anticipated to gradually stabilise around the targeted level of five per cent over the medium term, following a short-lived acceleration of inflation in the near term on account of the recent tax adjustments and supply-side disruptions, the Central Bank of Sri Lanka (CBSL) said in its monetary policy report for February. […]
- Inflation drops to 5.1 % in February (Category: Breaking News)
- CB says a big drop in inflation this month (Category: Breaking News)
- Inflation rises to 6.5 pct in January (Category: Breaking News)
- CCPI based headline inflation increases in November 2023 (Category: Breaking News)
By Saman Indrajith The government’s decision to give two million farming families freehold land deeds will lead to shanty towns popping up in most major towns in Sri Lanka, Pivithuru Hela Urumaya (PHU) leader Udaya Gammanpila said. Gammanpila added that President Ranil Wickremesinghe’s Urumaya Freehold Deed Programme could probably mark the end of Sri Lankan […]
- ‘Socially vulnerable’ towns and cities still lag behind in vaccinations for 75-and-older, even a... (Category: USA, Arkansas)
- Postcards From The Road: Grace Grad Captures Essence Of Small Towns (Category: USA, Indiana)
- Postcards From The Road: Grace Grad Captures Essence Of Small Towns (Category: USA, Indiana)
- Postcards From The Road: Grace Grad Captures Essence Of Small Towns (Category: USA, Indiana)
The Central Bank of Sri Lanka released the Monetary Policy Report – February 2024 in keeping with the requirements of the Central Bank of Sri Lanka Act, No. 16 of 2023. The content of this Report is mainly based on information that was considered by the Monetary Policy Board of the Central Bank of Sri […]
- Value Added Tax amendment hits inflation target (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- CBSL to maintain ‘dovish monetary policy in view of economic stabilization’ (Category: Breaking News)
- Central Bank of Sri Lanka says annual economic growth expected to turn positive in 2024 (Category: Breaking News)
Projections indicate a deviation of inflation from the target, primarily due to amendments to the Value Added Tax (VAT) introduced in January 2024, before it retraces towards the target from around end 2024, the Central Bank of Sri Lanka said. The Central Bank of Sri Lanka released the Monetary Policy Report – February 2024 in […]
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
- CBSL’s decision to raise policy rates in line with IMF expectations (Category: Breaking News)
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
- ‘SL’s inflation reduced to single digit levels in 2023 along with restoration of price stability’ (Category: Breaking News)
Sri Lanka's economy is expected to keep growing in 2024 and gradually reach its potential over the medium term, according to the Central Bank's latest report on monetary policy.The post Central Bank of Sri Lanka says annual economic growth expected to turn positive in 2024 appeared first on ONLANKA
- Sri Lanka’s official reserve assets up by 9.6% in April 2024 (Category: Breaking News)
- Central Bank of Sri Lanka maintains Policy Rates to support Economic Recovery (Category: Breaking News)
- Sri Lanka Central Bank further reduces policy rates (Category: Breaking News)
- Sri Lanka’s Central Bank holds policy interest rates at current levels (Category: Breaking News)
[…]The post The Economic Setbacks Of Yahapālanaya Government appeared first on Colombo Telegraph.
- Corruption In Sri Lanka: The Root Of Modern Social Instability (Category: Breaking News)
- The Menace Of Political Nepotism: Sri Lanka’s Downfall (Category: Breaking News)
- NATO Expansion: The Untold Agreement & Its Role In The Ukraine War (Category: Breaking News)
- Shocking Incident Involving Mormon Leader’s Assault Of Sri Lankan Father Leads To Charges & Cour... (Category: Breaking News)
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