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Maria Fernanda Garza, the Chair, of the International Chamber of Commerce (ICC), arrived in Sri Lanka today. The ICC, representing 170 countries with a corporate membership of 45 million companies, is the largest and most influential business organisation globally. Her first visit to Sri Lanka will encompass meetings with business and government leaders. Greeting her […]
- Afghanistan to tour Sri Lanka in November (Category: Breaking News)
- Sri Lanka requests to host IPL matches (Category: Breaking News)
- Maria Fernanda Garza, Chair of the International Chamber of Commerce (ICC), to Visit Sri Lanka (Category: Breaking News)
- ICC suspends Sri Lanka Cricket’s membership (Category: Breaking News)
Maria Fernanda Garza, the Chair of the International Chamber of Commerce (ICC), is set to visit Sri Lanka in October 2023. The ICC, representing 170 countries with a corporate membership of 45 million companies, is the largest and most influential business organisation globally. Only Chamber to represented in United Nations, WTO and WIPO. Her first […]
- First female ICC chair makes maiden visit to Sri Lanka (Category: Breaking News)
- Chair of the International Chamber of Commerce arrives in Sri Lanka (Category: Breaking News)
- First female Chair of the International Chamber of Commerce (ICC) here (Category: Breaking News)
- The International Chamber of Commerce Sri Lanka, CIMA and Daily FT celebrated Sri Lanka’s Most A... (Category: Breaking News)
[…]The post Why The Shock Over IMF’s Diagnostic Report? appeared first on Colombo Telegraph.
- RW’s Political Dilemma (Category: Breaking News)
- Ranil’s Budget Crisis & Ibn Khaldun (Category: Breaking News)
- A führer In The Making (Category: Breaking News)
- Economic Realities & Political Promises (Category: Breaking News)
The World Bank revised up its forecasts for Sri Lanka's economy on Tuesday, noting the crisis-hit nation had made strides in reducing inflation and had benefited from tourism revenue as well as an appreciation in its currency.The post World Bank boosts Sri Lanka economic forecasts after inflation
- Sri Lanka resumes rate cuts to boost growth as inflation cools (Category: Breaking News)
- Sri Lanka still among 10 countries with highest food price inflation (Category: Breaking News)
- Sri Lanka unexpectedly cuts rates by 250 bps as inflation eases (Category: Breaking News)
- Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says (Category: Breaking News)
[…]The post Only A Unified Approach Can Solve The Economic Crisis appeared first on Colombo Telegraph.
- People’s Preamble To IMF Technical Report (Category: Breaking News)
- If The Speaker Had Become The President, The Economic Crisis Might Have Been Eased By Now (Category: Breaking News)
- Entrepreneurs Argue Against Unpredictable Exchange Rate, Interest Rates & Tax Policy (Category: Breaking News)
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
Negotiations to secure the second tranche of funding from the International Monetary Fund (IMF) to Sri Lanka are progressing positively, Acting Finance Minister Shehan Semasinghe announced.The post Sri Lanka’s acting finance minister says positive progress in securing second IMF tranche appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Positive Progress in Securing Second IMF Tranche, Says Acting Finance Minister Shehan Semasinghe (Category: Breaking News)
- IMF team arrives in Sri Lanka to evaluate economic reforms (Category: Breaking News)
- Representatives of the International Monetary Fund express satisfaction with the implemented eco... (Category: Breaking News)
- Sri Lanka commences IMF-World Bank Spring Meetings with positive bilateral talks (Category: Breaking News)
Over 200 corporate leaders attended the second Economic Forum sponsored by HSBC recently which was to discuss and share insights into the latest global trends and opportunities emerging for economic growth in Sri Lanka. Frederic Neumann, HSBC’s Chief Asia Economist and Co-Head of Global Research for HSBC Asia along with Aayushi Chaudhary, HSBC Economist for […]
- Belgian companies to invest in Lanka (Category: Breaking News)
- Finance Channel (Category: Business)
- HSBC and Sarvodaya partner to empower women entrepreneurs (Category: Breaking News)
- JICA eager to resume Japan-funded development projects in Sri Lanka - State Minister Semasinghe (Category: Breaking News)
Acting Finance Minister Ranjith Siyambalapitiya during a press conference held today (21) at the Presidential Media Center, focusing on the theme of ‘Collective Path to a Stable Country’ said that over the past year, the government successfully increased the country’s foreign reserves from 1.8 billion dollars to 3.8 billion dollars. He added that in August […]
- Vietnam rises strongly from Covid, keeps inflation down as 77 national day celebrated (Category: Breaking News)
- Sri Lanka could get US$6.0bn from India, talks with Japan: Coomaraswamy (Category: Breaking News)
- Increase in workers’ remittances (Category: Breaking News)
- Remittances from expat workers rise (Category: Breaking News)
Piyumi Ranadewa is a Research Assistant working on migration and urbanisation policy research at IPS. She holds a BSc (Hons) in Agriculture, specialising in Agriculture Economics and Business (First Class) from Wayamba University of Sri Lanka, graduating with Dean’s Honours. She also holds a Master of Agri-Enterprise and Technology Management from Wayamba University of Sri […]
- Foreign jobs: growing mismatch between SL supply and global demand: World Bank (Category: Breaking News)
- IOM works with Japan and ILO to assist repatriated Sri Lankan migrant workers (Category: Breaking News)
- Japan, IOM and ILO help protect Sri Lankans from human trafficking (Category: Breaking News)
- Brain drain impediment to hospitality industry – Dr.Jayasinghe (Category: Breaking News)
Former State Minister Dr. Nalaka Godahewa, MP yesterday pointed out that a careful look at the Central Bank’s 2023 data revealed that the much-touted promise to build a thriving export-oriented economy under the current government was only a pipedream. Addressing the media at the Nidahasa office
- Dr. Godahewa asks can individuals responsible for unprecedented economic crisis be architects of... (Category: Breaking News)
- Sectoral Oversight Committee exposes CEB costing trick to make huge profits (Category: Breaking News)
- Initial consensus among MPs on recovery plan (Category: Breaking News)
- Estimated Rs 1,400 bn, from VAT in 2024 (Category: Breaking News)
[…]The post Politics Of Easter Investigation In A Wriggling Economy appeared first on Colombo Telegraph.
- Economy, Easter Phoenix & Politics (Category: Breaking News)
- Diaspora Tamils & 13A (Category: Breaking News)
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- RW’s Political Dilemma (Category: Breaking News)
[…]The post ZeroPlastic Global Movement: A Beacon Of Hope In The Battle Against Plastic Pollution appeared first on Colombo Telegraph.
- Recovery, Growth & Toxic Imports (Category: Breaking News)
- Can Political Liberation Movements Be Called Fascists? (Category: Breaking News)
- The Interplay Of Climate Change & Water Shortages In Sri Lanka’s Ecosystems (Category: Breaking News)
- Is It Religious Extremism & Propagated For What? (Category: Breaking News)
[…]The post Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-Sonic’? appeared first on Colombo Telegraph.
- The Easter Attacks & A Game Of Thrones: The Master Mind, A Cover Up Investigation & AI (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)
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century (Category: Breaking News)
Sri Lanka has underscored the critical importance of continuing with the EU GSP Plus tariff concessions to support the country’s transformative journey towards economic recovery. The Ambassador of Sri Lanka to the European Union, Grace Asirwatham, hosted a group of Members of the European Parliament (MEPs) who are part of the Friends of Sri Lanka […]
- EU and Sri Lanka to discuss GSP and other issues (Category: Breaking News)
- EU says PTA remains problematic (Category: Breaking News)
- Sri Lanka briefs EU on moves to address post-conflict issues (Category: Breaking News)
- Apparel sector to lose USD 494 million if Sri Lanka loses GSP (Category: Breaking News)
A proposal, set to take effect from October 1, 2023, stipulates rates of USD 130 for 5-star hotels, USD 100 for 4-star hotels, and USD 80 for 3-star hotels within the city of Colombo. While the authorities argue that this measure aims to counter underpricing by higher-tier hotels, this policy threatens to undermine the growth […]
- JKH hoping to see recovery across all segments aided by pickup in economy (Category: Breaking News)
- Gazette issued stipulating minimum rates for tourist hotels in Colombo (Category: Breaking News)
- Tourist Experience (Category: Business)
- Sri Lankan Rupee appreciates against US Dollar (Category: Breaking News)
By Shamindra Ferdinando Justice Minister Dr. Wijeyadasa Rajapakse, PC, declared in Parliament that the winners of LPL (Lanka Premier League) 2023 B-Love Kandy had been sponsored by an enterprise that was banned in the country. The statement was made in Parliament on 24th August. The one-time President of the Bar Association found fault with SLC […]
- In terms of RTI Act House releases names of MPs who voted for new law (Category: Breaking News)
- All praise for Lanka’s saviours! (Category: Breaking News)
- Prez should explain why he scrapped time-tested exchange controls – NFF (Category: Breaking News)
- Impact of foreign-funded projects on Parliament’s standing as sole sovereign and supreme body (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part V (Category: Breaking News)
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
[…]The post The Economy & Politics: A Reality Check appeared first on Colombo Telegraph.
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- RW’s Remote-Control Economy (Category: Breaking News)
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- Why The Shock Over IMF’s Diagnostic Report? (Category: Breaking News)
Sri Lanka stood pat on borrowing costs for the first time in three meetings, after slashing the cash ratio for banks to bolster domestic liquidity and growth.The post Sri Lanka Holds Rates After Bank Cash Ratio Cut for Growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Central Bank of Sri Lanka issues order slashing interest rates on lending products (Category: Breaking News)
- Sri Lanka Central Bank cuts statutory reserve ratio by 200 bps (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)
By The Coca-Cola Company, Managing Director – Sri Lanka & the Maldives, Pankaj Sinha Coca-Cola, with its 62-year presence in Sri Lanka, has remained committed to supporting this beautiful country through its challenges. As someone who has made Sri Lanka his home since 2019, and seen the country grapple with natural disasters, acts of terrorism, and […]
- Coca-Cola’s Christmas Spirit – Your Festive Sip Comes with Gifts! (Category: Breaking News)
- Coca-Cola appoints Kaushali Kusumapala as Country Director for Sri Lanka and Maldives (Category: Breaking News)
- Coca-Cola’s free tumbler with every 1.5L and 2L Coke or Sprite PET bottle (Category: Breaking News)
- Coca-Cola and the art of embracing local flavors: A journey through Sri Lankan cuisine (Category: Breaking News)
that the foreign guests helped boost the country’s economy and deserved […]
- Country attracts more than 800,000 tourists by 8 August (Category: Breaking News)
- 74,664 tourists arrive in Sri Lanka in first two weeks of Nov. (Category: Breaking News)
- Sri Lanka bans transport of tourists by three wheeler taxis not licensed by Tourism Authority (Category: Breaking News)
- Tourist arrivals top 1.4 mn by third week of December (Category: Breaking News)
Sri Lanka said that India will be one of the closest countries to enhance investments in Sri Lanka given its proximity to the Island nation and that it wants to have a very conducive environment for investors to come and invest. In an interaction with PTI, Sri Lankan Finance Minister Shehan Semasinghe also sounded optimistic […]
- Sri Lanka expects first review by IMF to be successful (Category: Breaking News)
- Sri Lanka yet to finalise restructuring domestic debt (Category: Breaking News)
- Sri Lanka receives 1st disbursement of US$ 250 million from WB (Category: Breaking News)
- Sri Lanka says economy has stabilised and growth is emerging (Category: Breaking News)
, the economy has not grown and […]
- President promises five percent economic growth in 2026/27 under current economic policies (Category: Breaking News)
- Milinda blames halfhearted economic reforms over the years for current crisis (Category: Breaking News)
- Financial Roadmap for 2012 unveiled (Category: Breaking News)
- Fitch: Onus on debt negotiations after Sri Lanka’s IMF Staff Agreement (Category: Breaking News)
By Eng. Thushara Dissanayake Water is often undervalued and insufficient attention is paid to its pollution. The water quality degradation is a blooming environmental issue in Sri Lanka. According to World Bank findings, the invisible crisis of water quality degradation is reducing potential economic growth in heavily polluted areas of the world by one-third. It […]
- Dire weather forecast for Sri Lanka (Category: Breaking News)
- People in five districts advised to wear masks due to toxic air blowing from India (Category: Breaking News)
- Country smothered by air pollution from subcontinent (Category: Breaking News)
- 'Excellent water' at more beaches (Category: Technology)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? 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? – Part VI (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
Iran and Sri Lanka agreed to take action regarding the release of prisoners of the two countries in a humane way in the near future, the Iranian Foreign Minister said. Today the potential of the Asian continent has attracted the attention of the world powers, and Asian countries, Iranian Foreign Minister Hossein Amir-Abdollahian said in his […]
- Four Iranian ships registered under the Sri Lankan flag (Category: Breaking News)
- Sri Lanka and Iran to strengthen bilateral ties (Category: Breaking News)
- Iranian President to inaugurate ‘Uma Oya’ project during Sri Lanka visit (Category: Breaking News)
- Nine Iranian sailors freed from Sri Lankan prisons after talks between FMs (Category: Breaking News)
Sri Lanka is in talks with a Singapore based company to transform Colombo and give it a new look. President Ranil Wickremesinghe said that the vision to transform Colombo into a beautiful city is already in motion, with plans provided by Surbana Jurong. Surbana Jurong Group is a global urban, infrastructure and managed services consulting […]
- Heat in Colombo still at ‘caution’ level despite rain (Category: Breaking News)
- Government to push ahead with plan for Trincomalee Port (Category: Breaking News)
- Wijeyadasa not ruling out contesting presidential polls (Category: Breaking News)
- Ranil loses his cool when questioned on Channel 4 video (Category: Breaking News)
By Y P Prakash In the realm of regional connectivity and economic cooperation, the proposal for a road and rail bridge across the Palk Strait between India and Sri Lanka has garnered significant attention, drawing a fervent appeal from two eminent Sri Lankan economists, Gayasha Samarakoon and Muttukrishna Sarvananthan. In their comprehensive paper titled “Economic […]
- Report on Indo-Lanka bridge project to be submitted to President RW (Category: Breaking News)
- Indo-Lanka FTA to be revived and upgraded – Prez (Category: Breaking News)
- Sri Lanka and India to talk about FTA and CEPA (Category: Breaking News)
- Modern Ramsethu: An Unlikely Bridge (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe announced that the government will be unveiling a new tourist plan called ‘Visit Sri Lanka’ that will be released in the upcoming months.The post Sri Lanka Government to launch ‘Visit Sri Lanka’ new tourism plan appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Government to launch ‘Visit Sri Lanka’ with aims to draw 5 million tourists (Category: Breaking News)
- President announces govt s new tourism strategy- Visit Sri Lanka (Category: Breaking News)
- Sri Lanka to participate in Bocuse d’Or competition for the first time (Category: Business)
- Sri Lanka President visits Tangalle and Galle to assess revival of tourism in South Coast (Category: Breaking News)
At first glance, life in Sri Lanka's financial capital Colombo looks deceptively normal.The post Is the worst over for Sri Lanka’s economic crisis? appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- USAID Administrator Samantha Power arrives in Sri Lanka (Category: Breaking News)
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka hit by record brain drain, but some stay to rebuild (Category: Breaking News)
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