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India has handed 75 passenger buses to Sri Lanka as part of its assistance towards strengthening public transport infrastructure in the cash-strapped country.The post India provides 75 buses to Sri Lanka to support public transport system appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- India provides 75 buses to Sri Lanka to support public transport system (Category: Breaking News)
- Sri Lanka plans to enhance Public Transportation with 200 new Buses in 2024 (Category: Breaking News)
- National Transport Commission working towards reducing bus fare prices (Category: Breaking News)
- QR code system to be introduced to pay Sri Lanka Transport Board (SLTB) bus fares (Category: Breaking News)
Bangladesh Prime Minister Sheikh Hasina and Sri Lankan President Ranil Wickremesinghe will be among 20 world leaders who will participate in the “Voice of the Global South Summit” (VGSS) next week hosted by India virtually, Indian media reported.The post President to participate in India-hosted Voice of Global South Summit – report appeared first on Sri Lanka News - Latest Breaking News in S...
- Ranil to participate in Indian summit virtually (Category: Breaking News)
- Sri Lanka President arrives in New York to attend the 78th session of the United Nations General... (Category: Breaking News)
- President to participate in India-hosted Voice of Global South Summit - report (Category: Breaking News)
- President addresses second Voice of Global South Summit (Category: Breaking News)
Sri Lanka will restart negotiations on trade pacts with India, China and Thailand after a four-hear hiatus, an official said on Thursday, as the crisis-hit country races to seal deals to help it rebuild its economy.The post Sri Lanka to restart trade deal talks with India, China and Thailand – official appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka, India to sign power grid linking pact within two months – envoy (Category: Breaking News)
- Sri Lanka to fast-track trade pact with Thailand amid crisis (Category: Breaking News)
- Sri Lanka to restart trade deal talks with India, China and Thailand - official (Category: Breaking News)
- India expected to send ‘positive’ message on debt during Jaishankar’s visit to Sri Lanka (Category: Breaking News)
Significant progress has been made at present in relation to the interaction with Sri Lanka’s creditors, the Central Bank of Sri Lanka said today. The bank said that it expects a crucial deal with the International Monetary Fund (IMF) to materialize in early 2023. Announcing its monetary and fiscal policies for 2023, the Central Bank […]
- Sri Lanka seeks assistance from the World Bank (Category: Breaking News)
- UN assures assistance to Sri Lanka to address economic challenges (Category: Breaking News)
- France in talks with creditors on Sri Lanka issue (Category: Breaking News)
- New Foreign Minister promises to deliver (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)
Four in every 10 households in Sri Lanka experienced a reduction in their incomes from June to December 2022, and one in every two households are currently relying on negative coping mechanisms to cope with the lack of food or money to buy it, a Food and Agriculture Organisation (FOA) report said. In its response […]
- Food insecurity improves in Sri Lanka but prevails within specific regions- report (Category: Breaking News)
- Food Oppression (Category: Business)
- Food Taxes (Category: Business)
- Food insecurity improved in Sri Lanka but prevails within specific regions  FAO and WFP (Category: Breaking News)
[…]The post Can Sri Lanka Drive Itself From Bankruptcy To Prosperity In 2023? appeared first on Colombo Telegraph.
- Budget 2023 Will Be The Acid Test Of RW’s Magic Wand (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- Sri Lanka’s New Government: Be Warned Of The Empty Treasury & Negative Foreign Reserves (Category: Breaking News)
- Bankrupt Sri Lanka Celebrated Independence, But Now It Is Back To Hard Economic Realities (Category: Breaking News)
When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach.The post India makes inroads into Sri Lanka under China’s long shadow appeared
- Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India (Category: Breaking News)
- India says it will protect its interests as Chinese boat heads to Sri Lanka (Category: Breaking News)
- India plans no more funding for Sri Lanka as IMF talks progress (Category: Breaking News)
- India, Sri Lanka agree to boost ties through energy, power and port projects (Category: Breaking News)
Sri Lanka's military is holding a Christmas carnival at the seafront site of an anti-government protest that forced the country's previous president to flee and quit office earlier this year.The post Sri Lankan protest site gets Christmas carnival makeover appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- War On China? – V: A “Carnival” Of Quads (Category: Breaking News)
- T20 Cricket Carnival at Hilton Colombo (Category: Business)
- DeBug wins at FITIS ICT industry cricket carnival (Category: Business)
- Emirates contributes to Sri Lanka’s Carnival of Cricket (Category: Business)
[…]The post Who Are Primarily Responsible For The Economic Disaster, The Politicians Or The People? appeared first on Colombo Telegraph.
- Country Has Fallen Due To The Socialist Thinking (Category: Breaking News)
- Elections & Economic Recovery (Category: Breaking News)
- The Impact Of The Next Election On The Economic Reforms (Category: Breaking News)
- Tax! Tax!! Tax!!! (Category: Breaking News)
[…]The post RW’s Political Rating & Fitch’s Credit Rating appeared first on Colombo Telegraph.
- Ranil’s One Policy Framework, Debt & The System (Category: Breaking News)
- Systemic Drain (Category: Breaking News)
- Involuntary & Inequitable DDO (Category: Breaking News)
- RW’s Budget Of Hopes & Politics (Category: Breaking News)
[…]The post President’s Peace Overture Ignores Muslims appeared first on Colombo Telegraph.
- Will Subramanian Swami‘s Visit Revive Racist Politics? (Category: Breaking News)
- Remembrance Week Marking Persecution Of Sri Lankan Muslims (Category: Breaking News)
- No one to listen to the plight of Lankan Muslims (Category: Breaking News)
- Rohan Gunaratna Hostility Towards Muslims (Category: Breaking News)
The 20th Communist Party Congress of China may put a hold on the Chinese restructuring talks with Sri Lanka to secure the $2.9 billion facility to revive the ailing economy. The deadline was set for December, but it may be extended to January, according to the Central Bank of Sri Lanka. China is the main […]
- Sri Lanka has miles to go for IMF debt relief and salvaging the payments crisis (Category: Breaking News)
- China assures Sri Lanka of its help in addressing debt challenges (Category: Breaking News)
- India’s response to debt restructuring request expected by Jan end: SL (Category: Breaking News)
- Bad news for Beijing: Colombo will not allow China to use Sri Lanka as base to threaten India (Category: Breaking News)
[…]The post World Bank Assistance Too Is Subject To Conditions! appeared first on Colombo Telegraph.
- Banks, Fitch Ratings, NPLs & Impairments! (Category: Breaking News)
- Banks, Fitch Ratings, NPLs & Impairments! (Category: Breaking News)
- Economic Gloom, LG Polls & Coalitions Of Clowns (Category: Breaking News)
- Economics Of Poverty & Poverty Of Politics (Category: Breaking News)
[…]The post Budget 2023: A Depth Or Dearth appeared first on Colombo Telegraph.
- Domestic Debt Restructuring: Another Time Bomb Clicking Down? (Category: Breaking News)
- Tax! Tax!! Tax!!! (Category: Breaking News)
- Budget 24: High Aspirations Amidst Mounting Challenges But Options Are Limited (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
[…]The post From Crisis Prime Minister To Put Down President appeared first on Colombo Telegraph.
- Ranil-Rajapaksa Dilemmas: Push Back On Basil Or Risk Leaving Like Gota (Category: Breaking News)
- Neither North Nor South, Ranil At Home With The Global Right (Category: Breaking News)
- Aragalaya In Israel, IMF In Sri Lanka (Category: Breaking News)
- Post-Budget Politics & Presidential Options (Category: Breaking News)
Sri Lanka’s inflation is expected to significantly cool in the coming months after peaking near 70% this year, and the nation may gradually relax a currency band as inflows improve, central bank governor Nandalal Weerasinghe said.The post Sri Lanka’s inflation expected to significantly cool in the coming months – CBSL Governor appeared first on Sri Lanka News - Latest Breaking News in ...
- Sri Lanka’s headline inflation may rise to 70% in coming months – Central Bank of Sri Lanka (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
- Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy (Category: Breaking News)
The dramatic fuel shortages that accompanied mass protests in Sri Lanka earlier this year may have eased, but for millions of Sri Lankans the economic crisis is worse than ever, said a report by the Amnesty International. It said: This month, the United Nations renewed a humanitarian appeal
- India s Adani Group to run three Sri Lankan airports? (Category: Breaking News)
- International rights groups slam Sri Lanka s flawed plans for a Truth Commission (Category: Breaking News)
- Ankara donates consignment of urgently needed medical supplies to Sri Lanka (Category: Breaking News)
- Rights group: Sri Lankan Tamil women exposed to sexual violence, trafficking after war (Category: Breaking News)
[…]The post Lanka’s Vanishing Fish: Corporate Capture & Import Dependency Deepen The Debt Trap appeared first on Colombo Telegraph.
- The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid A... (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- A French Spring Amid IMF Mission Creep: Ranil Tangoes In Paris As Macron Pivots To BRICS (Category: Breaking News)
- ‘Make The Economy Scream’: Whither The Asian 21st Century? (Category: Breaking News)
By Ramesh Khan At the beginning of the year 2022, none in Sri Lanka would have thought that the end of the pandemic would not signal the end of misery. Instead, it signaled the advent of misery in forms that had been unknown to the Sri Lankans until now. A country filled with tourist spots, […]
- IFC to provide $400 million to banks in Sri Lanka (Category: Breaking News)
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- Over 400 respond (Category: Breaking News)
- US$ 400 m India-SL energy transaction in the pipeline (Category: Business)
Sri Lanka is in talks with the United Nations Development Programme and other agencies for a debt-for-nature swap programme, as the South Asian island faces its worst economic crisis in decades.The post Sri Lanka looks at debt relief through nature conservation – report appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka central bank chief says sovereign lenders yet to outline debt talks plans (Category: Breaking News)
- China responds to Victoria Nuland’s comment on Debt Relief to Sri Lanka (Category: Breaking News)
- India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
- Sri Lanka president urges debt relief to help green transition (Category: Breaking News)
Sri Lanka has postponed a round of debt restructuring talks initially expected to be held on Thursday to allow central bank and treasury officials to provide clarifications sought by the country's creditors, its state minister of finance said.The post Sri Lanka postpones debt restructuring talks, hopes for IMF deal in December appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ...
- Sri Lanka calls for debt-restructuring proposals from dealer managers (Category: Breaking News)
- Sri Lanka could wrap up debt restructure talks by Sept, president says (Category: Breaking News)
- Japan says no pact yet with Sri Lanka on debt restructure talks (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
Sri Lanka needs to implement budget proposals and reform measures to start earning crucial foreign exchange to help stabilise its economy and ensure it does not return to crisis, its central bank chief said on Tuesday.The post Sri Lanka must implement budget proposals to avoid return to crisis appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- CBSL governor says 2023 Budget focuses on economic recovery and stability (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka’s Central Bank Governor asks critics to provide alternatives (Category: Breaking News)
- Sri Lanka signals pause after four rate cuts as IMF loan awaited (Category: Breaking News)
By Amal Jayasinghe Dozens of state-owned Sri Lankan companies employing tens of thousands of people could be restructured or closed as part of an IMF bailout of the bankrupt country, with the country’s airline top of the list for reform.With nearly 6,000 staff, SriLankan Airlines is the biggest and most expensive of the cash-haemorrhaging, sclerotic […]
- Union: UL will be stripped of profitable units to ensure no takers for national carrier (Category: Breaking News)
- Four replacement engines for grounded aircraft by mid-July: Minister (Category: Breaking News)
- Proposed privatisation of SriLankan in line with IMF remedy – CEO (Category: Breaking News)
- The National Airline: A financial catastrophe in the making! (Category: Breaking News)
By MAHADIYA HAMZA ECONOMYNEXT – Sri Lanka’s tourism revival is facing a challenge in bringing in more high spending foreign visitors due to increasing protests locally while monetary tightening, impacts of Russian invasion into Ukraine, and rising inflation globally.The move is likely to slow the island nation’s recovery from the unprecedented economic crisis as it is […]
- Developing plans and policies without young people is a futile exercise: UNICEF Sri Lanka (Category: Breaking News)
- Urgent measures needed to halt exodus of skilled personnel (Category: Breaking News)
- UNDP, EU assistance to equip tourism industry for sustainable future (Category: Breaking News)
- OPA panel discussion: The Role of Domestic Aviation in Sri Lanka Tourism (Category: Breaking News)
Sri Lanka's new government will release the 2023 budget on Monday focused on boosting revenue, implementing tax reforms and fiscal consolidation to secure an IMF bailout package to help the country recover from its worst financial crisis in decades.The post Sri Lanka’s 2023 budget aims to put crisis-hit economy back on track appeared first on Sri Lanka News - Latest Breaking News in Sri Lank...
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
- Sri Lanka balances polls and crisis recovery in 2024 budget deliberations (Category: Breaking News)
- Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says (Category: Breaking News)
- Sri Lanka’s president to cut spending in interim budget (Category: Breaking News)
Dozens of state-owned Sri Lankan companies employing tens of thousands of people could be restructured or closed as part of an IMF bailout of the bankrupt country, with the country's airline top of the list for reform.The post Turbulence ahead: Airline on the block in Sri Lanka reforms appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- SriLankan Airlines obtains Government’s approval to recruit foreign pilots (Category: Breaking News)
- Sri Lanka’s airline posts US $ 525 million annual loss (Category: Breaking News)
- SriLankan CEO believes ‘worst is over’, expects $50 Million profit next year (Category: Breaking News)
- SriLankan Airlines returns to profit amid privatization efforts (Category: Breaking News)
The United Nations Tuesday warned of a worsening food crisis in bankrupt Sri Lanka and said the number of people needing urgent humanitarian help had doubled to 3.4 million.The post UN warns of worsening food crisis in Sri Lanka appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- UN says number of people in Sri Lanka needing urgent humanitarian help doubled (Category: Breaking News)
- Food insecurity in Sri Lanka remains at concerning levels – WFP (Category: Breaking News)
- Canada provides humanitarian assistance of USD 3 Million for vulnerable Sri Lankan communities (Category: Breaking News)
- Japan provides additional US$ 6.6 million for food and nutrition in Sri Lanka (Category: Breaking News)
with severe shortages of essentials including food, fuel and medicines.The […]
- Inflation drops to 5.1 % in February (Category: Breaking News)
- CB says a big drop in inflation this month (Category: Breaking News)
- Inflation dips to 4.6%: Dept. of Census and Statistics (Category: Breaking News)
- Inflation rises to 6.5 pct in January (Category: Breaking News)
[…]The post Sri Lanka: Strategizing Economic Recovery appeared first on Colombo Telegraph.
- Sri Lanka: No Light Yet At The End Of The Tunnel (Category: Breaking News)
- Sri Lanka: Surviving The 75th Year Of Independence (Category: Breaking News)
- President RW’s Priority In 2023 (Category: Breaking News)
- Politics Of Protests (Category: Breaking News)
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