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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)
Chevron had imported lubricants on credit and had been hit as the rupee collapsed
- Sri Lanka’s NTB profits down 12-pct in March quarter (Category: Breaking News)
- Sri Lanka’s People’s Leasing net down 37-pct in March (Category: Breaking News)
- Sri Lanka’s Haycarb March net up on forex gains (Category: Breaking News)
- Sri Lanka sells Rs80bn in mostly 3-month bills, down 18bp (Category: Breaking News)
By By Eng. Parakrma Jayasinghe Bio Energy Association of Sri Lanka The much-awaited outcome of the interim President is now over. Will this result in some measure of hope for the beleaguered public of reversing the downward slide of the economy and the resultant crisis on the very livelihood
- Litro Gas denies claims on salary structure (Category: Breaking News)
- Independence Day Event at USA Embassy (Category: Breaking News)
- Pune Gas expands operations into Sri Lanka (Category: Breaking News)
- Price of Laugfs gas increased with distribution to resume (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
- 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 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)
Sri Lanka is struggling to find dollars to import fuel
- Twice rejected petrol released to the market in Sri Lanka (Category: Breaking News)
- Sri Lanka raises fuel prices by 7.5 percent (Category: Breaking News)
- Sri Lanka Petroleum Corporation calls for tenders to import fuel for six months (Category: Breaking News)
- Cabinet nod to allow specific sectors of economy to import fuel individually (Category: Breaking News)
Indian billion dollar credit line also works Undiyal fashion
- Sri Lanka removes ban on open account food imports (Category: Breaking News)
- Sri Lanka central bank deep in debt, dollar shortages at ‘guidance’ rate : Wijewardena (Category: Breaking News)
- Sri Lanka rates elevated amid failed float and DDR fears (Category: Breaking News)
- Sri Lanka CB takes on task finding dollars for food after open account ban (Category: Breaking News)
[…]The post Economy Should Be The Top Priority Of The New (Or More Correctly The Old) Government appeared first on Colombo Telegraph.
- Can Sri Lanka Drive Itself From Bankruptcy To Prosperity In 2023? (Category: Breaking News)
- Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers (Category: Breaking News)
- IMF Facility? Is It Sufficient To Deliver Prosperity To Sri Lankans? (Category: Breaking News)
- The Magic 2048: What Is To Be Done To Make Ranilnomics A Reality? (Category: Breaking News)
The Tamil Nadu government dispatched the third tranche of relief material to crisis-hit Sri Lanka. With this, the total aid from MK Stalin’s government has crossed 40,000 tonnes of relief material. Stalin had earlier moved a resolution in the Tamil Nadu Assembly to send humanitarian aid
- India will play its due role in advancing global food security (Category: Breaking News)
- Singapore says Gotabaya has not sought asylum (Category: Breaking News)
- Jagath Samarawickrama takes oaths as new MP (Category: Breaking News)
- Passengers arriving from Sri Lanka tested for Covid in Chennai (Category: Breaking News)
Sri Lanka is facing “a very serious crisis” that makes India naturally worried, External Affairs Minister S. Jaishankar told an all-party meeting on Tuesday (July 19) and dismissed suggestions about such a situation arising in India.The post Serious crisis in Sri Lanka, worry about spillover –
- India will continue developmental assistance to Sri Lanka in every possible area: Jaishankar (Category: Breaking News)
- India’s economic support to Sri Lanka not based on communal approach – Jaishankar (Category: Breaking News)
- Jaishankar conveys India’s commitment to increase investment flows to Sri Lanka to hasten econom... (Category: Breaking News)
- Sri Lanka’s creditors must take proactive steps to facilitate its recovery: Jaishankar (Category: Breaking News)
[…]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)
Sri Lanka’s Acting President Ranil Wickremesinghe today (July 18) stated that the absence of a proper Easter Sunday investigation has meant that this issue has still not been fully resolved and he is requesting the assistance of the UK Government and their intelligence services.The post Easter Attacks: Sri Lanka to seek assistance of UK Government & intelligence over Easter Sunday attacks ...
- Easter Attacks: Sri Lanka to seek UK Govt & Intel assistance, says Acting President (Category: Breaking News)
- Lanka to seek UK assistance to probe Easter Sunday attacks (Category: Breaking News)
- Sri Lanka to seek UK assistance to probe Easter Sunday attacks (Category: Breaking News)
- Release All Volumes Of PCOI Report On Easter Attacks: Muslim Council Tells Ranil (Category: Breaking News)
Acting President Ranil Wickremesinghe has warned of elements attempting to disrupt the peace. Issuing a special statement, Wickremesinghe said that these elements would be prohibited from disrupting the country’s progress. Wickremesinghe further stated that the peaceful protesters who had legitimate concerns would be engaged with by the Government and solutions would be found for them. […]
- Ranil appointed Acting President (Category: Breaking News)
- President decides not to extend State of Emergency (Category: Breaking News)
- Relief program to provide fuel, gas and food (Category: Breaking News)
- Ranil leading talks to form all-party Government (Category: Breaking News)
Sri Lanka’s Acting President Ranil Wickremesinghe says that the issues which prevail in Sri Lanka with regard to hunger, are man made.The post The food crisis in Sri Lanka is man made, Acting President Ranil tells Global Forum appeared first on ONLANKA News - Sri Lanka News - Latest News Sri Lanka
- Ranil Wickremesinghe sworn in as Acting President of Sri Lanka (Category: Breaking News)
- Special statement by Sri Lanka’s Acting President Ranil Wickremesinghe (Category: Breaking News)
- Nominations presented to elect Sri Lanka’s new President – Ranil, Anura, Dullas to contest for p... (Category: Breaking News)
- Easter Attacks: Sri Lanka to seek assistance of UK Government & intelligence over Easter Sunday ... (Category: Breaking News)
The Narendra Modi government has called for an all-party meeting on Tuesday evening to discuss the Sri Lanka crisis and explain the steps that New Delhi has been taking to ameliorate the economic hardship in the friendly nation. “The government is calling a suo motu meeting to address
- India and Japan to cooperate to address crisis in Sri Lanka (Category: Breaking News)
- President to visit India for key talks with Modi (Category: Breaking News)
- Modi discusses Sri Lankan crisis during G-7 meeting (Category: Breaking News)
- India concerned over Sri Lanka’s failure to ensure political solution (Category: Breaking News)
The Narendra Modi government has called for an all-party meeting on Tuesday evening to discuss the crucial issue of the Sri Lanka crisis.The post Indian government calls an all-party meet on Sri Lanka crisis appeared first on ONLANKA News - Sri Lanka News - Latest News Sri Lanka - Breaking News
- Serious crisis in Sri Lanka, worry about spillover – Jaishankar (Category: Breaking News)
- Sri Lanka crisis: India calls all-party meet on Tuesday (19) (Category: Breaking News)
- India expected to send ‘positive’ message on debt during Jaishankar’s visit to Sri Lanka (Category: Breaking News)
- Sri Lanka President says proposals set forth by parties to form all-party Government will be sha... (Category: Breaking News)
by Kumar David Thus, we may all “Chortle in our joy” on July 13 or 20 if everything goes as promised. The first step in the Sri Lankan Colour Revolution seems to have inched forward like a golden dream but I will remain on guard till both Gotabaya (GR) and Wickremesinghe (RW) have been seen […]
- Oh Frabjous Day! Calloo Callay! (Category: Breaking News)
- President to make fresh clarion call for all-party national government (Category: Breaking News)
- IMF working with a government without a mandate – Handunnetti (Category: Breaking News)
- Opposition to boycott today’s meeting with IMF (Category: Breaking News)
[…]The post Oh Frabjous Day! Calloo Callay! appeared first on Colombo Telegraph.
- Oh Frabjous Day! Callooh Callay! (Category: Breaking News)
- Aragalaya At The Cross-Roads & In The Cross-Hairs (Category: Breaking News)
- Is Cascading Collapse Unstoppable? (Category: Breaking News)
- Ranil: A SWOT Appraisal (Category: Breaking News)
By Michael Rowand As Sri Lankan protesters stormed the presidential residence in Colombo, the Chinese Embassy released no statements and did not tweet. The Chinese Ministry of Foreign Affairs offered no comment until Monday afternoon, well behind others such as India, the European Union, and the United States. The French Embassy even retweeted a tweet […]
- Chinese role in the Sri Lankan crisis (Category: Breaking News)
- China a mute spectator as Sri Lanka’s political upheaval poses long-term implications for Beijing (Category: Breaking News)
- Unelected Team At The BRI Forum: Speaking From Both Sides Of Mouth (Category: Breaking News)
- Sri Lanka should prevent Chinese vessel from reaching Hambantota port (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)
Abeyewardena made the announcement at a press conference held at his official residence Friday July 15.
Rajapaksa finally resigns after over 3 month protest
- President sends resignation letter (Category: Breaking News)
- Gotabaya yet to submit resignation letter (Category: Breaking News)
- An Open Letter & Appeal To The IMF (Category: Breaking News)
- SLMA sends letter to MR (Category: Breaking News)
Reiterating India’s support for Sri Lanka, Indian External Affairs Minister S Jaishankar said that the situation in the island nation is very sensitive and New Delhi is focusing on ways it can help Colombo economically at this time of need. Addressing a press briefing in Kerala, Jaishankar said, “The situation in Sri Lanka is very […]
- India ready to assist Sri Lanka secure IMF deal (Category: Breaking News)
- India continues to stand by its neighbours amid difficult times (Category: Breaking News)
- India’s prudence towards Sri Lanka further consolidates the “neighbourhood first” policy of Prim... (Category: Breaking News)
- India tells world of support given to Sri Lanka (Category: Breaking News)
(UNICEF) As Sri Lanka descends further into its worst economic and political crisis in 70 years, it is children who are suffering the most. A foreign currency shortage has left the country struggling to import essential goods, pushing food and fuel prices sky-high. Staples like rice, lentils, milk
- UNICEF condemns violence against children during protests (Category: Breaking News)
- UNICEF: Lanka has second-highest in child malnutrition in South Asia (Category: Breaking News)
- Seven million Lankans in need of humanitarian assistance:UNICEF (Category: Breaking News)
- State of the World's Children Report 2012' presented in Sri Lanka (Category: Breaking News)
Statement signed by 15 Bishops calls for government to take drastic action to tackle economic crisis Lankan bishops have urged the government to provide a relief package for the poor amid the worst economic crisis since independence in 1948.The foreign exchange crisis has led to a shortage
- Lankan bishops seek support for needy (Category: Breaking News)
- Pope Francis implores Lankan leaders to listen to the cries of the people (Category: Breaking News)
- All 225 sitting MPs must share the blame for the present crisis: Ranatunga (Category: Breaking News)
- Pope advises Cardinal not to let up on Easter issue (Category: Breaking News)
SriLankan Airlines has denied claims on the cancellation of its flights owing to the fuel crisis. Issuing a statement, SriLankan Airlines said that certain false information was circulating in the media over the possible cancellation of a host of SriLankan Airlines’ flights due to the ongoing fuel
- Several SriLankan Airlines flights disrupted (Category: Breaking News)
- SriLankan denies claims flights grounded over financial issues (Category: Breaking News)
- Auctioning of SriLankan Airlines postponed (Category: Breaking News)
- SriLankan Airlines insists it has sufficient amount of pilots (Category: Breaking News)
Rate hike, fuel shortage, and looming political crisis weighed on investor sentiment
- Sri Lanka bourse slips ahead of policy rates, IMF (Category: Breaking News)
- Sri Lanka stocks gain on financials; Sampath Bank leads (Category: Breaking News)
- Sri Lanka rupee quoted 367.30 to TT dollar (Category: Breaking News)
- Sri Lanka central bank own Treasuries holding tops Rs2trillion (Category: Breaking News)
Some analysts said the market was expecting a 300 basis point rate hike on Thursday
- Fuel prices increased (Category: Breaking News)
- Sri Lanka’s IOC unit reports Rs12.3 bn in Sept 2022 profits (Category: Breaking News)
- Sri Lanka railways fare hike not enough to recover fuel costs (Category: Breaking News)
- Sri Lanka stocks fall after fuel price hike (Category: Breaking News)
Sri Lanka is desperate for foreign currency earnings through tourism
- Sri Lanka MP comes with saline to cast a presidential vote (Category: Breaking News)
- Sri Lanka stock index gains over 1.6 pct in mid-day (Category: Breaking News)
- Sri Lanka imposes curfew in Colombo district from July 14-15 (Category: Breaking News)
- Sri Lanka’s new “diplomatic” PM starts foreign aid talks amid political stability concerns (Category: Breaking News)
[…]The post The Financial Crisis – Mismanagement, Fear Or Collusion? appeared first on Colombo Telegraph.
- Financial Crisis As Seen By A Non-Economist (Category: Breaking News)
- Just Rewards For Hard Work (Category: Breaking News)
- Revisiting, Reforming & Reordering Our Agriculture (Category: Breaking News)
- On Overlooking The Obvious (Category: Breaking News)
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