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Sri Lanka will remain a middle-income country but request the World Bank to grant it some loans generally offered to poorer nations, the president's office said on Tuesday, clarifying a cabinet spokesperson's earlier comments on the matter.The post Sri Lanka to keep ‘middle-income’ status but seek concessional loans appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka -...
- Sri Lanka has asked to be de-gradudated to get IDA loans from World Bank (Category: Breaking News)
- Sri Lankan President proposes ADB to establish International University on Climate Change in Sri... (Category: Breaking News)
- Sri Lankan President explains Government’s tax policy while revealing the cause of inflation (Category: Breaking News)
- Proposal for Sri Lanka to downgrade itself to low-income country (Category: Breaking News)
Sri Lanka tourism is yet to see large foreign visitors after political crisis ended.
- IPO To Raise Rs. 400 mn (Category: Breaking News)
- Apparel producers decry 400% off-peak electricty price hike (Category: Breaking News)
- US$ 400 m India-SL energy transaction in the pipeline (Category: Business)
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
Sri Lanka also hit by import control
- Neighbourly Investment (Category: Business)
- Ocean Quake (Category: Business)
- More than a quarter of Lankans living in poverty – World Bank (Category: Breaking News)
- Sri Lanka bourse slips ahead of policy rates, IMF (Category: Breaking News)
Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 pandemic and debt restructuring and the implementation of a deep reform program are critical for Sri Lanka’s economic stabilization, says the World Bank
- Depth of crisis affirms Sri Lanka needs new economic development model: World Bank (Category: Breaking News)
- World Bank approves Sri Lanka’s eligibility to access concessional financing (Category: Breaking News)
- World Bank approves $150 million to strengthen financial sector in Sri Lanka (Category: Breaking News)
- No new financing to Sri Lanka until macroeconomic policy framework is ready – World Bank (Category: Breaking News)
The World Bank warned that Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 pandemic. Debt restructuring and the implementation of a deep reform program are critical for Sri Lanka’s economic
- World Bank approves Sri Lanka’s access to concessional financing (Category: Breaking News)
- Bangladesh expects Sri Lanka to repay $200 million by March 2023 (Category: Breaking News)
- World Bank suspends financing to Sri Lanka (Category: Breaking News)
- IMF reiterates prior actions Sri Lanka must take to approve funds (Category: Breaking News)
‘Previous govt. printed money excessively’ By Saman Indrajith The government would start discussions on debt restructuring with China in earnest after the 20th National Congress of the Chinese Communist Party that starts on 16 October, President Ranil Wickremesinghe said yesterday in Parliament.The President added that preliminary discussions with China had already begun. “Japan has agreed [...
- Lanka will discuss debt restructuring separately with China-minister (Category: Breaking News)
- High interest rates keeping businesses afloat – CB Governor (Category: Breaking News)
- Govt. should not deviate from agenda of national needs in discussions to find solutions to crise... (Category: Breaking News)
- Govt. finally allows Chinese ship visit (Category: Breaking News)
The card can be topped up in increments of 50 US dollars up to US$300
- Price Balance (Category: Business)
- Petrol Hike (Category: Business)
- Fuel prices increased in Sri Lanka (Category: Breaking News)
- Fuel Protests (Category: Business)
Tourism authorities had anticipated one million arrivals generating a revenue of 1.8 billion dollars.
- Tourism to be top forex earner in 2016 (Category: Breaking News)
- Sri Lanka Tourism looks for high spenders (Category: Breaking News)
- Revenue from Tourism increases (Category: Breaking News)
- 60,000 TOURISTS ARRIVE IN FIRST 16 DAYS OF JANUARY (Category: Breaking News)
A look at global debt statistics would show that almost all countries, irrespective of their economic status, obtain loans. The USA, the second richest country on the basis of PPP index, has a debt burden of more than 100% of their GDP, which is much more than some of the developing countries such as Brunei […]
- Forbes: Lanka, Pakistan and Maldives among biggest debt burdens to China (Category: Breaking News)
- Debt Trap Lessons (Category: Breaking News)
- Central Bank eyeing USD 8 -10 billion currency reserves in 3-4 years (Category: Breaking News)
- Ranawaka: It’s possible to prosecute those who bankrupted country (Category: Breaking News)
September tourist arrivals have plunged to lowest in 11 months.
- Sports Draw (Category: Business)
- Sri Lanka Marks First Anniversary of Civil War End (Category: Breaking News)
- Sri Lanka Marks First Anniversary of Civil War End (Category: Breaking News)
- Sri Lanka Marks First Anniversary of Civil War End (Category: Breaking News)
[…]The post Human Rights Compliant Recovery Measures Critical To Stop Spiraling Hunger & Poverty In Sri Lanka: Amnesty International appeared first on Colombo Telegraph.
- Human rights compliant recovery measures critical to stop spiraling hunger, poverty in Sri Lanka... (Category: Breaking News)
- Sri Lanka urged to ensure adequate nutrition for all pregnant, breastfeeding women (Category: Breaking News)
- AI: Lanka at brink of humanitarian crisis (Category: Breaking News)
- Crisis Deepens Without Rescue Plan (Category: Breaking News)
The Sri Lanka Institute of Marketing (SLIM) says that nation branding will be the solution for the prevailing economic crisis.SLIM President Nuwan Gamage addressing a press conference in Colombo yesterday said that the country could face the challenges of the economic crisis by paving
- SLIM delegates shine at Philippines National Marketing Conference (Category: Breaking News)
- SLIM-Nielsen Peoples Awards gives voice to the people (Category: Breaking News)
- Tilan becomes youngest SLIM President (Category: Business)
- SLIM steps in to assist new inventors (Category: Business)
By Ifham Nizam Instead of offers on debt cancellation, the Asian Development Bank (ADB) President Masatsugu Asakawa assured that they would provide more support to Sri Lanka to get out of the economic crisis.The ADB chief was responding to Hemantha Withanage, who was representing the Centre for Environmental Justice (ECJ) on behalf of the NGO Forum on ADB and other civil […]
- ADB approves USD 350 million loan for economic stabilisation in Sri Lanka (Category: Breaking News)
- ADB approves $350 mn for Sri Lanka Economic Stabilization Programme (Category: Breaking News)
- Chinese loans: Debt restructuring to commence in earnest after 20th National Congress of CPC (Category: Breaking News)
- GR govt. ignored Chinese lenders’ request for debt restructuring (Category: Breaking News)
Sri Lanka Tourism Brand Ambassador Sanath Jayasuriya made an appeal to Indians to visit Sri Lanka and experience what the country has to offer. Speaking to reporters in India, Jayasuriya said that Sri Lanka faced a crisis over the past few months. He said that Sri Lanka now needs tourists
- Sri Lanka showcased at ‘Passport DC’ tour - Attracts over 2,500 visitors (Category: Business)
- Emirates inaugurates non-stop daily service to Washington, DC (Category: Business)
- Sri Lanka Embassy in Washington DC hosts an event in association with "Wharton Club of DC" promo... (Category: Breaking News)
- Etisalat Achieves High Speed With DC-HSPA+ (Category: Business)
Series of crises SL has faced have dealt a heavy blow Reviving presents SL with an opportunity to address its long-running challenges by Sanath Nanayakkare Young people are not only the present but also the future; developing plans and policies without them is a futile exercise, they need to be the front and centre of […]
- Browns Hotels & Resorts celebrates World Tourism Day with an insightful forum (Category: Breaking News)
- Government and UNDP map out SDG investment for private sector to support recovery (Category: Breaking News)
- UNDP, EU assistance to equip tourism industry for sustainable future (Category: Breaking News)
- EU hosts the first ever “Team Europe BIOthlon” in Kalpitiya (Category: Breaking News)
The ‘atingi’ eAcademy is a digital learning platform, providing users with the opportunity to develop their knowledge in the tourism and hospitality sector. Introduced by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the e-learning platform caters to anyone interested in upskilling their knowledge on tourism and hospitality-related topics including line staff, management prof...
- Netherlands Embassy and IWMI to organize joint climate change dialogue (Category: Breaking News)
- Wiley Sri Lanka employees indulge in beach cleanup activity (Category: Breaking News)
- Cinnamon Hotels & Resorts signs MoU with Vocational Training Authority (Category: Breaking News)
- Sri Lanka identifies India as important source market for tourism (Category: Breaking News)
The country has lost several hundred thousand jobs to Covid-19. The impact of the agrochemical ban on agriculture, the mismanagement of the exchange rate, a highly accommodative monetary policy, and the use of foreign exchange reserves for debt repayment thwarted the country’s ability to recover from the initial shock of COVID-19, an ILO study titled, […]
- Sri Lanka will be secured if India is secured - Gopal Baglay (Category: Breaking News)
- India hoping for early solution for Sri Lankan crisis through democratic means (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- U.S. announces additional $5.75 Mn in response to Sri Lanka s economic crisis (Category: Breaking News)
Japan, one of Sri Lanka's main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo's envoy to the country said on Friday.The post Japan to support Sri Lanka’s debt restructuring
- Japan ready to support debt restructuring – Japanese Ambassador (Category: Breaking News)
- Japan Grants USD 46 Million to Provide Diesel for Sri Lanka’s Hospitals (Category: Breaking News)
- Japan Grants USD 46 Million to Provide Diesel for Sri Lanka’s Hospitals (Category: Breaking News)
- Japanese Ambassador assures Japan’s support for Sri Lanka’s Economic development efforts (Category: Breaking News)
Japan, one of Sri Lanka’s main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo’s envoy to the country said on Friday. Reaching an agreement with creditors is key to Sri Lanka
- India writes to IMF backing Sri Lanka’s debt restructuring plan (Category: Breaking News)
- SC allows proceedings against GR, MR to proceed (Category: Breaking News)
- Sri Lanka’s Chinese-built Lotus Tower limits visiter time to 20 minutes (Category: Breaking News)
- Japan says no pact yet with Sri Lanka on debt restructure talks (Category: Breaking News)
With the view of keeping our beautiful and pristine coastline immaculate, the volunteers at Wiley Sri Lanka came together with their family and friends on Saturday 17th September at the Mount Lavinia beach to clean up the shore and spread the message to many others. This activity is part of a broader global volunteer event […]
- LGBTQI community in Sri Lanka continue to face harassment (Category: Breaking News)
- Sana Commerce CSR initiative ‘Sipsatharata Arunellak’ helps students continue their education (Category: Breaking News)
- Australian Cricket Team enjoys signature hospitality at Cinnamon Grand Colombo (Category: Breaking News)
- The future of shopping in Kandy: Softlogic launches ODEL Mall (Category: Breaking News)
The ‘atingi’ eAcademy is a digital learning platform, providing users with the opportunity to develop their knowledge in the tourism and hospitality sector. Introduced by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the e-learning platform caters to anyone interested in upskilling their knowledge on tourism and hospitality-related topics including line staff, management prof...
- Introducing for the first time in Sri Lanka, the ‘atingi’ eAcademy for tourism and hospitality (Category: Breaking News)
- Sri Lanka tourism finds new ways to cater to visitors from Middle East (Category: Breaking News)
- Brain drain impediment to hospitality industry – Dr.Jayasinghe (Category: Breaking News)
- ‘2023, one of Sri Lanka’s best recovery years; tourism will support country re-building’ (Category: Breaking News)
Crisis-hit Sri Lanka is desperately looking for tourism earning to finance its imports
- Lankan exports to Poland increase (Category: Breaking News)
- US$ 150mn additional cost dampens exports (Category: Breaking News)
- Sri Lanka continued strong economic recovery says IMF (Category: Breaking News)
- Sri Lanka police offered Rs. one million reward for information that could lead to an arrest of ... (Category: Breaking News)
The Greater Mekong Chamber deals with East Asian countries
- Sri Lanka, Bangladesh In Trade Talks After 19 Years Lapse (Category: Breaking News)
- Sri Lanka gets World Bank loans to support Small and Medium Enterprises and tourism (Category: Breaking News)
- Migration of Sri Lankans for foreign jobs surges (Category: Breaking News)
- UN seeks US $ 51 m for SL (Category: Breaking News)
The Sri Lankan authorities continue negotiations with Russia on the provision of a loan to buy Russian fuel, Sri Lankan Minister of Transport and Highways and Minister of Mass Media Bandula Gunawardena said on Saturday in an interview with Sputnik.The post Sri Lanka, Russia continue talks on loan for Russian oil products appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANK...
- Sri Lanka, Russia continue talks on loan for Russian oil products (Category: Breaking News)
- Sri Lanka mulls buying Russian oil & fertilizers (Category: Breaking News)
- Sri Lanka seeks investors for nuclear power plants (Category: Breaking News)
- India expects $8-$9 Billion bilateral trade with Russia, Sri Lanka in two months (Category: Breaking News)
A food crisis in Sri Lanka looms as the island nation faces its worst economic disaster in decades. With food price inflation higher than 90%, even staples like rice have become almost unaffordable for many Sri Lankans. The World Food Programme (WFP) estimates that about 30% of the population
- Sri Lanka urges farmers to plant more rice amid crisis (Category: Breaking News)
- Sri Lanka to introduce anti-hoarding laws for food stocks – PM (Category: Breaking News)
- FAO to provide Urea, cash for crisis-hit Sri Lankan small-hold farmers (Category: Breaking News)
- As Crisis-Hit Sri Lanka Counts Cost of Chinese Projects, India Moves to Recover Influence (Category: Breaking News)
BY S VENKAT NARAYAN Our Special Correspondent NEW DELHI, September 15: Nearly half of Darjeeling’s tea estates in India’s West Bengal state, numbering around 35-40, are up for sale as planters are unable to run the operations smoothly in the absence of international buyers from Europe and Japan who used to buy good volumes of […]
- Leaf Fortunes (Category: Business)
- Guardian report harshly critical of working conditions on tea estates (Category: Breaking News)
- Bogawantalawa Tea Estates PLC presents World’s First Climate-Positive Teas at the Global Dubai T... (Category: Breaking News)
- Unveiling the True Pioneers of Tea in Sri Lanka: The Rothschild Brothers (Category: Breaking News)
By Rathindra Kuruwita Those who claimed that privatisation was the panacea for Sri Lanka’s economic ills had to present information about privatise institutions first, Janatha Vimukthi Peramuna (JVP) leader Anura Kumara Dissanayake said on Wednesday at a conference on privatisation of state assets. Dissanayake said that the SLPP had campaigned in 2019 and 2020 on a […]
- AKD: JVP-led NPP will not undermine India’s national security (Category: Breaking News)
- SJB opposes blanket privatisations (Category: Breaking News)
- JVP urges youth not to leave country, but to stay and fight (Category: Breaking News)
- Govt. resorting to uncivilised measures to delay polls – JVP (Category: Breaking News)
Shares have been on the rise mainly on positive sentiment after the IMF comments.
- Sri Lanka sells Rs80bn in mostly 3-month bills, down 18bp (Category: Breaking News)
- Sri Lanka sell Rs60bn mostly in 3-month bills, yield up (Category: Breaking News)
- Sri Lanka debt office raises 21 pct of required debt via T-bills (Category: Breaking News)
- Sri Lanka Bairaha Farm’s profit soars over 200% on rising chicken price (Category: Breaking News)
Existing vaccination centres around the country will continue to operate all seven days of the week as usual
- Video: HIRU THANIWELA EP 400 (Category: Video)
- Video: CoL has increased by 400 percent - Maithri (Category: Video)
- GMOA decries delaying of internships to 400 docs (Category: Breaking News)
- Kosciusko Reports Two More COVID Deaths; More Than 400 Fully Vaccinated (Category: USA, Indiana)
By Chaminda Silva The workers at Free Trade Zones (FTZ) was scheduled to resort to trade union action, demanding an allowance to match the rising cost of living, Convener of the National Centre for Free Trade Zone Workers, Gamini Ratnayake, said yesterday.There were148,000 workers in FTZs and their basic salary starts at Rs. 16,500, he […]
- Getting ahead takes skill (Category: South Australia)
- Sri Lankan workers to celebrate May Day with pomp (Category: Breaking News)
- Union worker wages higher (Category: Australia, Tasmania )
- Sri Lanka row over pensions (Category: Breaking News)
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