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ECONOMYNEXT – Sri Lanka’s central bank said it was holding its policy rates at 15.50 percent, while data showed market interest rates are close to twice the rate and private credit and imports falling. Monetary Policy Review: No. 06 – August 2022The Central Bank of Sri Lanka maintains policy interest rates at their current levelsThe Monetary Board of the Central Bank of Sri Lanka...
- Central Bank of Sri Lanka maintains policy interest rates unchanged (Category: Breaking News)
- Sri Lanka policy rate unchanged as market rates rise, money printing warnings (Category: Breaking News)
- Sri Lanka expects inflation to slow, rates unchanged (Category: Breaking News)
- Central Bank expects economy to contract in second half of 2022 as well (Category: Breaking News)
[…]The post Ripples In The Indian Ocean: Yuan Wang 5 & Easter Sunday 2019 appeared first on Colombo Telegraph.
- Pelosi’s Pivot As Cold War & Colonialism Rebound: Blue-Greenwash In The Indian Ocean (Category: Breaking News)
- The Easter Attacks & A Game Of Thrones: The Master Mind, A Cover Up Investigation & AI (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War (Category: Breaking News)
Electricity prices were last hiked in 2013 however were slashed almost by 25% in 2014
- Sri Lanka free trade zone manufacturers alarmed by electricity tariff hike (Category: Breaking News)
- Electricity tariffs to go up by 75 percent (Category: Breaking News)
- Sri Lanka utility regulator approves 75 percent electricity tariff hike (Category: Breaking News)
- Sri Lanka power tariff hike: ministry offers olive branch to protesting monks (Category: Breaking News)
[…]The post The Aragalaya & Morality appeared first on Colombo Telegraph.
- Why I Don’t Support The Aragalaya (Category: Breaking News)
- Ranil-Gota Twosome: One Gone, The Other Is Acting Up (Category: Breaking News)
- Futility Of Transforming A Nation Built Over A Political Cesspit (Category: Breaking News)
- Saying No To Authoritarian Governance (Category: Breaking News)
Delusion appears to be a national affliction in Sri Lanka. When confronted with stark realities, the state consistently refuses to take proactive measures to avert dire consequences. It refers to national liabilities, like the national airline, as national assets. Despite regular doses of life-saving intravenous injections in the form of hard cash by the Treasury, […]
- SriLankan Airlines participates at the Ottawa Travel and Vacation Show (Category: Breaking News)
- Dialog, SriLankan offer star points, FlySmiLes conversion (Category: Breaking News)
- Union: UL will be stripped of profitable units to ensure no takers for national carrier (Category: Breaking News)
- SriLankan Airlines returns to profit amid privatization efforts (Category: Breaking News)
After the collapse of the Sri Lankan economy, attention has turned to the state of affairs in other South Asian countries such as Pakistan, Bhutan and Bangladesh. All three countries have either curtailed imports or are planning to do so, to salvage their fast-depleting foreign exchange reserves
- Bangladesh secures loans of $4.7 billion from IMF (Category: Breaking News)
- Bangladesh seeks $4.5 billion IMF loan as deficit widens (Category: Breaking News)
- IMF agrees $4.5 billion Bangladesh support programme (Category: Breaking News)
- Emerging Donor (Category: Business)
by Chandre Dharmawardana, [email protected]. The forex crisis had forced the government to jettison its initial set of economic managers of the Central bank who looked for home-grown solutions and opposed dealing with the International Monetary Fund (IMF). The President re-instated a set of managers whose ideas were more orthodox and aligned with the neo-liberal bankers […]
- IMF chief pleased SL reached staff-level deal for $2.9 billion (Category: Breaking News)
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
- Lanka awaiting assurances from India, China, says Central Bank Governor (Category: Breaking News)
By Anupama Rajput Sri Lankan Lawmakers voted in acting President Ranil Wickremsinghe as the new President on July 20. The six-time Prime Minister was able to garner 134 votes in the 225-member parliament, despite public anger with the ruling elite in the hope that his long experience in government could help pull the country out […]
- Video: HIRU THANIWELA EP 400 (Category: Video)
- Over 400 respond (Category: Breaking News)
- IPO To Raise Rs. 400 mn (Category: Breaking News)
- Video: CoL has increased by 400 percent - Maithri (Category: Video)
After helping Sri Lanka with an unprecedented assistance of around $4 billion since January as the country plunged into a deep economic crisis, India is now planning to invest heavily in newer sectors through both private and public firms there, Gopal Baglay, high commissioner of India to Sri Lanka, told ThePrint in an interview.The post Long-term investments in Sri Lanka are India’s plan to...
- Long-term investments in Sri Lanka are India s plan to fix economic crisis- Envoy (Category: Breaking News)
- Long-term investments in Sri Lanka are India’s plan to fix economic crisis (Category: Breaking News)
- Indian envoy to EU tipped for Sri Lanka as Gopal Baglay goes to Canberra (Category: Breaking News)
- Sri Lanka will be secured if India is secured - Gopal Baglay (Category: Breaking News)
by Sean GLEESON and Amal JAYASINGHE (AFP) Lankan security forces demolished the main anti-government protest camp in the capital Friday, evicting activists in a pre-dawn assault that raised international concern for dissent under the crisis-wracked country’s new pro-Western president. Troops and police Special Task Force commandos wielding batons and armed with automatic assault rifles charged on ...
- AKD: Ranil cannot intimidate public (Category: Breaking News)
- JVP demands release of Aragalaya activists detained under PTA, insists there is no evidence agai... (Category: Breaking News)
- Ranil likely to go for presidential poll first – sources (Category: Breaking News)
- Ranil vows to fight ‘Fascists’ (Category: Breaking News)
The International Monetary Fund hopes to complete rescue talks with Sri Lanka “as quickly as possible,” Managing Director Kristalina Georgieva said on Wednesday, hours before the crisis-hit South Asian nation elected a new president. Speaking with Nikkei Asia in Tokyo, Georgieva said the fund was “very deeply concerned about the well-being of the people in […]
- IMF Chief says Sri Lanka a warning sign to world (Category: Breaking News)
- IMF remains very hopeful on Sri Lanka (Category: Breaking News)
- IMF seeks to expand donor coordination to countries like Sri Lanka (Category: Breaking News)
- IMF wants to resolve debt crisis in Sri Lanka (Category: Breaking News)
The International Monetary Fund hopes to complete rescue talks with Sri Lanka "as quickly as possible," Managing Director Kristalina Georgieva said on Wednesday, hours before the crisis-hit South Asian nation elected a new president.The post IMF hopes to complete Sri Lanka aid talks ‘as quickly as possible’ appeared first on ONLANKA News - Sri Lanka News - Latest News in Sri Lanka - Br...
- IMF hopes to complete Sri Lanka aid talks ‘as quickly as possible’ (Category: Breaking News)
- IMF hopes to complete Sri Lanka aid talks as quickly as possible (Category: Breaking News)
- China tells IMF willing to take constructive part in debt talks (Category: Breaking News)
- IMF hopes to complete Sri Lanka aid talks ‘as quickly as possible’ (Category: Breaking News)
Political analysts have predicted Acting President Ranil Wickremesinghe to be the forerunner in the presidential
- Rajapaksa’s party is key to deciding Sri Lanka’s new president (Category: Breaking News)
- Sri Lanka ruling party majority behind Dullas; Sajith to be PM: G L (Category: Breaking News)
- Sri Lanka’s presidential vote – Alahapperuma comes from far behind after Premadasa’s withdrawal (Category: Breaking News)
- Parliament split ahead of Presidential Election (Category: Breaking News)
India will help Sri Lanka stage an “early and effective” economic recovery, Indian High Commissioner in Sri Lanka Gopal Baglay told The Indian Express. To that effect, India, which has helped Sri Lanka with almost $4 billion in aid would, “going forward,” like to bring in “more investment” to help the country build capacities to […]
- Modi congratulates President Ranil Wickremesinghe (Category: Breaking News)
- LIMRA Holdings subsidiary KTI to boost Sri Lanka’s forex earnings with PLEX toys launch in India (Category: Breaking News)
- Tamil Nadu sends another shipment of relief goods to Sri Lanka (Category: Breaking News)
- China accused of using Sri Lanka as a pawn (Category: Breaking News)
[…]The post The Lost Revolution appeared first on Colombo Telegraph.
- An Open Letter & Appeal To The IMF (Category: Breaking News)
- JVP Proposal Points To Consensual Way Forward (Category: Breaking News)
- BASL; Altruistic Union That Does Not Stand For Its Members’ Sake But For The People (Category: Breaking News)
- The World After Mikhail Gorbachev & Sri Lanka After JR Jayewardene (Category: Breaking News)
Sri Lanka’s opposition leader, who is seeking the presidency next week, vowed Friday to “listen to the people” who are struggling through the island nation’s worst economic crisis and to hold accountable the president who fled under pressure from protesters.The post Sri Lanka’s opposition leader who is seeking the presidency sees tough work ahead appeared first on ONLANKA News - Sri Lanka Ne...
- If elected, will repeal the Online Safety Act – Sajith Premadasa (Category: Breaking News)
- Samagi Jana Balawegaya prepared to take to the streets – Sajith (Category: Breaking News)
- Sri Lanka’s Opposition Leader questions Government’s coal deal (Category: Breaking News)
- Sri Lanka’s Opposition Leader Sajith Premadasa withdraws from Presidential nomination (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 of essential commodities while people queue for hours […]
- 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)
Sri Lanka is desperate for fuel and has been requesting for help from many countries.
- President speaks to Putin and asks for credit to get fuel (Category: Breaking News)
- To resume flights, Russia has sought SL assurance of not repeating Aeroflot action-Sirisena (Category: Breaking News)
- Two officials from Russian oil company in Sri Lanka (Category: Breaking News)
- Sri Lanka must not overlook Russia in favour of IMF, says MP Weerawansa (Category: Breaking News)
"Because we have a threat of risk to the banks as well."
- Warm welcome for record-breaking 800,000th tourist arrival in 2011 (Category: Breaking News)
- Sri Lanka to host UNWTO meetings (Category: Breaking News)
- Apex Body (Category: Business)
- Carrying Capacity (Category: Business)
[…]The post Sri Lanka – From A Failed To Pseudo Mafia State? appeared first on Colombo Telegraph.
- SriLankan Airlines: CEO Vipula Fails To Provide Basic Covid Facilities For Staff (Category: Breaking News)
- SriLankan Airlines: CEO Vipula Fails To Provide Basic Covid Facilities For Staff (Category: Breaking News)
- SriLankan Airlines: CEO Vipula Fails To Provide Basic Covid Facilities For Staff (Category: Breaking News)
- Elitism – A Hidden Downfall Factor (Category: Breaking News)
Sri Lankans living in Australia are refraining from sending desperately-needed funds to struggling friends and family back home, fearing money will never end up in the hands of those in need because the government will steal it. Multiple members of the Sri Lankan community contacted by NCA NewsWire have lost trust in the government to […]
- Samantha Power urges Sri Lanka to take corrective measures (Category: Breaking News)
- Protest in Singapore against Rajapaksa draws audience of one (Category: Breaking News)
- WikiLeaks recalls Ranil asking Japan in 2007 to suspend funding (Category: Breaking News)
- Australia says 4 boats from Sri Lanka were intercepted in June (Category: Breaking News)
[…]The post Mission Impossible appeared first on Colombo Telegraph.
- Need For An Agreement With The Citizens For A Stable Political Future (Category: Breaking News)
- The Galle Face Struggle & Its Importance (Category: Breaking News)
- It’s Time To Untether The Kite! (Category: Breaking News)
- Crisis Deepens Without Rescue Plan (Category: Breaking News)
By Anjana Pasricha NEW DELHI — In Colombo, Sri Lanka’s capital, a sprawling port city showcased as a financial hub to rival Dubai is being set up on 269 hectares of land dredged from the sea. It is the latest of the huge Chinese-funded infrastructure projects in the island country that include a port and […]
- Perils of Chinese Investment in Sri Lanka (Category: Breaking News)
- Chinese state-owned firm to build major Sri Lanka port complex (Category: Breaking News)
- Sri Lana PM laments unilateral termination of Japan, India-funded projects (Category: Breaking News)
- Sri Lanka should prevent Chinese vessel from reaching Hambantota port (Category: Breaking News)
Monetary meltdown worsens as money printed to keep rates down and pay state worker salaries
- Sri Lanka allocates 1.9 billion rupees a month to provide relief from high fuel prices (Category: Breaking News)
- Only essential services eligible to obtain fuel from midnight today (June 27) (Category: Breaking News)
- AG ordered to submit proper fuel distribution mechanism for essential services (Category: Breaking News)
- Metre taxis to charge Rs.2 more from 2nd km onwards (Category: Breaking News)
[…]The post Why I Don’t Support The Aragalaya appeared first on Colombo Telegraph.
- The Aragalaya & Morality (Category: Breaking News)
- Whither Lanka? (Category: Breaking News)
- Futility Of Transforming A Nation Built Over A Political Cesspit (Category: Breaking News)
- Unarmed but not peaceful (Category: Breaking News)
[…]The post Lanka’s Quest For Stability appeared first on Colombo Telegraph.
- Sri Lanka: No Light Yet At The End Of The Tunnel (Category: Breaking News)
- Whose Saviour Is Ranil? And Who Is Being Clever – Ranil Or Gota? (Category: Breaking News)
- President RW’s Priority In 2023 (Category: Breaking News)
- Sri Lanka could tip back to chaos if six-time Prime Minister voted President (Category: Breaking News)
Australia today insisted that Sri Lankans who arrive by boat will not be accepted. Home Affairs Minister Clare O’Neil will visit Sri Lanka on Monday as the South Asian neighbour continues to struggle with its economic and humanitarian crises. The trip also follows the interception of multiple asylum seeker boats travelling to Australia from the […]
- Australia ends freeze on Sri Lanka asylum claims despite UN report (Category: Breaking News)
- Targets for 2024 are 2.2million tourists and US$ 4billion in revenue – Minister of Tourism (Category: Breaking News)
- Squad named for remaining ODI Matches (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)
[…]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)
[…]The post Why Should The United States Care About Sri Lanka’s Predicament? appeared first on Colombo Telegraph.
- Sri Lanka’s Asian Heritage (Category: Breaking News)
- Madame Ambassador Chung, Your Message Will Live On Forever! (Category: Breaking News)
- The Covid-19 Crisis & Innovation: Why Intellectual Property Rights Matter (Category: Breaking News)
- The Covid-19 Crisis & Innovation: Why Intellectual Property Rights Matter (Category: Breaking News)
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