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[…]The post Unraveling The Root Causes Of Sri Lanka’s Foreign Currency Crisis 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? (Category: Breaking News)
- From Socialism To Success: Sweden’s Economic Evolution (Category: Breaking News)
- Budget 2023: A Depth Or Dearth (Category: Breaking News)
[…]The post Why The Sri Lankan Rupee Is Appreciating appeared first on Colombo Telegraph.
- Journey Through The Rotten Bridge For The Reforms Of Government Expenditure (Category: Breaking News)
- Who Are Primarily Responsible For The Economic Disaster, The Politicians Or The People? (Category: Breaking News)
- The Impact Of The Next Election On The Economic Reforms (Category: Breaking News)
- Sri Lanka In Dire Straits (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 and Top Stories.
- 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)
President Ranil Wickremesinghe underscored the on-going efforts to nurture female entrepreneurs capable of adapting to the country’s economic transformation. The President highlighted the significant role women entrepreneurs can play in fostering the digital and green economy, affirming the government’s commitment to supporting the empowerment of the women business community. President Ranil Wickr...
- Women can play a significant role in fostering digital and green economy – President (Category: Breaking News)
- DFCC Bank Champions Women Entrepreneurs as Diamond Sponsor of WCIC Prathibhabhisheka Awards 2024 (Category: Breaking News)
- Indian Foreign Minister to arrive in Sri Lanka next week (Category: Breaking News)
- President assures economic growth despite adverse effects on publicPresident assures economic gr... (Category: Breaking News)
Sri Lanka’s Supreme Court today (November 14) ruled that former President Gotabaya Rajapaksa, former Prime Minister Mahinda Rajapaksa and former Finance Minister Basil Rajapaksa and several others are responsible for the economic crisis in Sri Lanka due to mismanaging the economy between 2019 and 2022.The post Supreme Court ruled Gotabaya, Mahinda, Basil & others responsible for economic cris...
- Gotabaya, Mahinda, Basil others responsible for economic crisis - SC rules (Category: Breaking News)
- Supreme Court extends travel ban on Mahinda Rajapaksa and Basil Rajapaksa (Category: Breaking News)
- Supreme Court finds Rajapaksa brothers guilty over economic crisis (Category: Breaking News)
- Supreme Court grants leave to proceed with two petitions filed over economic crisis (Category: Breaking News)
[…]The post Hero Syndrome & Unlawful Acts: Politicians In The Fantasyland Of Omnipotence appeared first on Colombo Telegraph.
- Don’t Shoot The Messenger: Commissions, An “Open Sesame” (Category: Breaking News)
- Fear Corrupts Politicians: Time To Repeal Custom-Made Laws (Category: Breaking News)
- Naked King & The Crumbling State: Seven Decades Of Fake Saviours (Category: Breaking News)
- Failed Economy: Bribery & Corruption To Maintain Power (Category: Breaking News)
The Sri Lankan rupee has turned into Asia’s worst-performing currency from being the best in the first half of the year, and is poised to extend losses amid headwinds from interest-rate cuts and loosening of import controls.The post Sri Lanka Rupee goes from Asia’s Best to Worst
- Sri Lanka approves lifting some limits on rupee conversion for outward remittances (Category: Breaking News)
- Sri Lankan Rupee further depreciates against U.S. Dollar (Category: Breaking News)
- Sri Lankan Rupee appreciates further against U.S. Dollar (Category: Breaking News)
- Sri Lankan Rupee depreciates against U.S. Dollar (Category: Breaking News)
Sri Lanka must ensure access to adequate nutrition for all pregnant and breastfeeding women amid the ongoing economic crisis in the country, Amnesty International said today in a new research briefing. The briefing, ‘Foregoing Meals to Make-Do’, examines the impact of the economic crisis on access to nutrition for pregnant and breastfeeding women, with a […]
- Ensure adequate nutrition for pregnant, breastfeeding women- Amnesty urges SL govt (Category: Breaking News)
- Australia to provide additional $25 million to help Sri Lanka (Category: Breaking News)
- Japan to provide essential medicines to Sri Lanka through UNICEF (Category: Breaking News)
- Japan contributes additional US$ 6.6 million to help Sri Lanka (Category: Breaking News)
Fitch Ratings has downgraded Sri Lanka's Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to 'C' from 'CC'. The issue ratings on local-currency bonds have also been downgraded to 'C' from 'CC'.The post Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘C’ appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
- Fitch downgrades Sri Lanka (Category: Breaking News)
- Fitch Downgrades Sri Lanka s Long-Term Local-Currency IDR to C (Category: Breaking News)
- Fitch downgrades SL’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
Tuesday 6th June, 2023 Most people are labouring under the misconception that every prospect pleases in this country and only politicians are vile. Hence the unprecedented rise of anti-politics during the past several years and the demand that all 225 MPs go home. It is popularly thought that all we need to do is to […]
- 30-year city plan must go public (Category: South Australia)
- All roads in the North are open to the public, says Military Spokesperson (Category: Breaking News)
- Politicians` idle dreams and the work ethic (Category: Breaking News)
- Authorities launch homicide investigation in Dallas County (Category: USA, Iowa)
By Hema Senanayake hemasenanayake@yahoo.com IMF has an ideology, a system of ideas and ideals which forms the basis of its decisions and policy prescriptions for which the recipient country of the loan claims as of its own. The most important idea does not originate from economic theory but international trade theories instead. The Great Recession […]
- Flexible Rate (Category: Business)
- RW says great power rivalries and geopolitics emerging threat to Third World (Category: Breaking News)
- Steve Hanke on currency boards and flawed pegs amid Sri Lanka meltdown (Category: Breaking News)
- Reactions (Category: Business)
Adventure tourism is playing a key role in helping Sri Lanka rebuild its economy after a turbulent few years for the South Asian nation.The post Sri Lanka looks to adventure travel to attract ‘quality’ tourists and help rebuild economy appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
- Sri Lanka looks to adventure travel to attract quality tourists and help rebuild economy (Category: Breaking News)
- Sri Lanka approves visa-free entry for tourists from 07 countries (Category: Breaking News)
- Driving Adventure (Category: Business)
- Sri Lanka Tourism ready for tourists (Category: Breaking News)
The Government is to consider restructuring Sri Lanka’s domestic debt, but a final decision is yet to be taken, President Ranil Wickremesinghe told Parliament today. He said that all aspects will be looked into when restructuring Sri Lanka’s domestic debt. “Some banks are saying they will not be able to face this. Then they must […]
- Sri Lanka Government hoping to restructure $17 billion foreign debts along with local debts (Category: Breaking News)
- Sri Lanka virtually let down by China in securing a $2.9 billion IMF loan in December (Category: Breaking News)
- President urges China to change tune on debt (Category: Breaking News)
- Fitch downgrades Sri Lanka’s long-term local-currency IDR to ‘CC’ (Category: Breaking News)
[…]The post Taxes, Swiss Bank Accounts & The Chinese Cafe appeared first on Colombo Telegraph.
- Playing The Fiddle While The Country Burns! (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- Ranil’s Budget Crisis & Ibn Khaldun (Category: Breaking News)
- Ranil’s Economic Strategy: Will His Prioritisation Of Targets Misfire? (Category: Breaking News)
Is it a curse to be living in these times in this country? It feels like it is so. For we do not find peace of mind in anything, anywhere. Everything is working against the ordinary citizens of the country. The prices of bare necessities of life like food, fuel, electricity, water, transport, health care, […]
- VIDEO: Release Fonseka to stop the flooding, urges Dayasiri (Category: Breaking News)
- Rogues have no right to eat while masses starve! (Category: Breaking News)
- STF commemoration today (Category: Breaking News)
- Prof. Dunusinghe debunks govt.’s claims about stabilising economy (Category: Breaking News)
With China yet to support Sri Lanka debt restructuring based on the debt sustainability analysis (DSA) of the IMF and Paris Club, time is running out on Colombo to secure a much-needed loan to revive the nation from the present economic crisis.The post China dithers over IMF’s Sri Lanka debt plan, leaves Colombo in limbo appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ...
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- Sri Lanka to make $2.6 billion in loan repayments in first half of year (Category: Breaking News)
- Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package (Category: Breaking News)
- Sri Lanka expects financing assurances from China for IMF deal within days (Category: Breaking News)
Earnings from Sri Lanka’s tea exports contracted 5 percent Year-on-Year (YoY) or by US$ 65.7 million to US$ 1.259 billion in 2022 due to reduced quantities shipped to importing markets.The post Tea export earnings down 5% in dollar terms, but hit record-high in rupee terms amid sharp depreciation appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lankan Rupee appreciates against U.S. Dollar (Category: Breaking News)
- Sri Lanka tea exports down 10-pct in July; dollar and rupee earnings up (Category: Breaking News)
- Sri Lankan Rupee further depreciates against U.S. Dollar (Category: Breaking News)
- Sri Lankan Migrant workers’ remittances record sharp increase in May (Category: Breaking News)
[…]The post Accountability Issues & Human Rights Cannot Be Glossed Over appeared first on Colombo Telegraph.
- The need to strengthen national accountability mechanisms (Category: Breaking News)
- Time For Truth Come Out (Category: Breaking News)
- Government Needs To Commit To More Than Commissions (Category: Breaking News)
- Government Needs To Commit To More Than Commissions (Category: Breaking News)
by Jehan Perera The government’s proposal to set up a truth and reconciliation mechanism to deal with the unresolved human rights issues of the war will get a boost in the aftermath of last week’s unexpected developments that will directly affect three former presidents of Sri Lanka hitherto thought to be untouchable by virtue of […]
- Accountability Issues & Human Rights Cannot Be Glossed Over (Category: Breaking News)
- Post-War Reconciliation Process: Human Rights violation (Category: Breaking News)
- Tamil diaspora call on more countries to sanction GR, MR (Category: Breaking News)
- A first indication of readiness to go on a new path (Category: Breaking News)
By SHIHAR ANEEZ Tens of thousands of Sri Lankan individuals as well as corporates have to cut spending and investment from January as steep income tax rates come into force to finance a bloated state amid 65 percent inflation and turnover tax hikes that had already depleted disposable incomes. The higher income taxes are coming in […]
- Sri Lanka gambles on tax hikes; downside risks seen than gains (Category: Breaking News)
- Sri Lanka expands state workers 11-pct under revenue based fiscal consolidation (Category: Breaking News)
- Death and taxes: inevitabilities of life (Category: Breaking News)
- Budget, Taxation Turmoil and Policy Blunders – Part II (Category: Breaking News)
Five people belonging to a family in Killinochi district reached the Indian waters at Dhanuskodi first islet at around 5 a.m. on Thursday, said a news report by The Hindu.The Hindu report filed from Rameswaram said: With this, the total number of refugees camping at the Special Camp in Mandapam stands at 214. Apart from […]
- 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 Sri Lanka’s Economic Crisis: Social Security In A Stake appeared first on Colombo Telegraph.
- The Police & Aragalaya Activists In A Time Of Social Upheaval (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- Incorporating Human Security Doctrine For Sri Lanka’s Present Day Context (Category: Breaking News)
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
At least 5.7 million people (26% of the population) in Sri Lanka require humanitarian assistance at the moment, the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) says.The post At least 5.7 Million people in Sri Lanka require humanitarian assistance – UN agency appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- At least 5.7 Mn people in Sri Lanka require humanitarian assistance- UN agency (Category: Breaking News)
- UNFPA appeals for over 10 million dollars to assist Sri Lanka’s vulnerable women (Category: Breaking News)
- UN official to highlight Sri Lanka’s humanitarian needs during upcoming visit (Category: Breaking News)
- Australia to provide 25 mn USD in additional emergency aid to Sri Lanka (Category: Breaking News)
The Supreme Court of Sri Lanka has granted leave to proceed with the two fundamental rights (FR) petitions filed against former President Gotabaya Rajapaksa, former Prime Minister Mahinda Rajapaksa, former Finance Minister Basil Rajapaksa and several others.The post Supreme Court grants leave to proceed with two petitions filed over economic crisis appeared first on Sri Lanka News - Latest Breakin...
- SC grants leave to proceed with two petitions filed over economic crisis (Category: Breaking News)
- SC dismisses two petitions challenging restructuring of SLT (Category: Breaking News)
- Sri Lanka Supreme Court grants leave for news website employees to proceed with FR petitions (Category: Breaking News)
- Tariff case dismissed (Category: Breaking News)
Sri Lanka economic crisis aggravated after the collapse of rupee in March 2022
- Travel ban sought on ex-Sri Lanka PM, Basil, Lakshman, Cabraal, Attygalle (Category: Breaking News)
- Supreme Court grants leave to proceed against GR, MR, Basil and other VIPs (Category: Breaking News)
- Gotabaya, Mahinda, Basil and 36 others to face legal action? (Category: Breaking News)
- Supreme Court finds Rajapaksa brothers guilty over economic crisis (Category: Breaking News)
[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
- ‘Make The Economy Scream’: Whither The Asian 21st Century? (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)
- Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpo... (Category: Breaking News)
ECONOMYNEXT –Overall selling prices of apartments in Sri Lanka increased by 45.17 percent when compared to June 2021, according LankaPropertyWeb’s housing price index.Devaluation of the Sri Lankan rupee against the US dollar which has resulted in shortages of raw materials for construction
- Selling price in Sri Lanka’s apartments increase by over 47 pct: property tracker (Category: Breaking News)
- Sri Lanka inflation declines marginally in May (Category: Breaking News)
- Sri Lanka inflation remains low, Central Bank maintains interest rates (Category: Breaking News)
- Sri Lanka Inflation moved up in February due to flood damage, Central Bank says (Category: Breaking News)
The website also recorded a surge in search traffic from countries such as the UK, Australia, US, Canada and UAE.
- Woman immolates self in Grandpass (Category: Breaking News)
- Cash Chief (Category: Business)
- US warns its citizens of Monday's demos in Lanka (Category: Breaking News)
- Underworld was behind the recent Colombo museum heist (Category: Breaking News)
[…]The post The ACF Commission: To Exorcise Ghosts Of Truth That Continued To Haunt Regardless appeared first on Colombo Telegraph.
- Commission Of Inquiry: Testify At Your Own Peril (Category: Breaking News)
- Kapila Jayasekera: Killer-In-Chief In Both ACF & Five Students Cases (Category: Breaking News)
- Looking To The Past: The Political Cultivation Of An Obliging Judiciary To Violate Rights (Category: Breaking News)
- Antics Of Rajapaksa’s Viceroy In The Volatile North (Category: Breaking News)
Sovereign default together with increasing economic challenges poses significant downside risks to DFCC's profitability
- Sri Lanka’s Bank of Ceylon downgraded to RD (Category: Breaking News)
- Sri Lanka’s NDB downgraded to ‘A(lka)’ amid soft-peg collapse (Category: Breaking News)
- Fitch affirms rating on 15 Sri Lankan Banks – Removes Watch Negative (Category: Breaking News)
- Sri Lanka Singer Finance downgraded, four on rating watch: Fitch (Category: Breaking News)
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