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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)
Sri Lanka born international economist Dr. Howard Nicholas of Erasmus University, Netherlands has categorically stated that Sri Lanka must not adopt the IMF recommendations on monetary policy for it has no rational basis and evidence of success anywhere in the world. Coming from a Western based economist that provides a lot of food for thought […]
- SL lagging behind other countries due to lack of national digital policy- NC sub-committee (Category: Breaking News)
- Relevance of Non-alignment or ‘dynamic neutrality’ to SL’s foreign policy (Category: Breaking News)
- SL economy, IMF claims, and reality (Category: Breaking News)
- Decline of middle class bodes ill for nation (Category: Breaking News)
[…]The post Speeding Up Recovery Requires Consistency appeared first on Colombo Telegraph.
- Preparing The Ground For Early Elections (Category: Breaking News)
- President Needs Trust To Succeed In Problem Solving (Category: Breaking News)
- Preparing Or Posturing For Elections? (Category: Breaking News)
- Parliamentary Support Required For Effective Recovery (Category: Breaking News)
[…]The post Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
- The Bleak Future For Sri Lanka : 75 Years After Independence (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
Thai AirAsia airline resumed operations from Bangkok to Colombo route yesterday (July 9), the Airport and Aviation Services (Sri Lanka) (Private) Limited (AASL) said.The post Thai AirAsia resumes flights from Bangkok to Colombo appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- AirAsia resumes Bangkok to Colombo flight (Category: Breaking News)
- Thai Airways resumes daily flights to Colombo (Category: Breaking News)
- Work resumes at Presidential Secretariat (Category: Breaking News)
- Air France resumes flights to Colombo for season (Category: Breaking News)
Udeni Kaluthantri, a 54-year-old port worker, became an overnight sensation last year for reasons that had nothing to do with his job. Days after protesters stormed the presidential palace in the Sri Lankan capital Colombo, a video surfaced of Mr Kaluthantri lounging on a bed draped with the presidential flag. Pictures of young men jumping […]
- Brazil’s President vows to punish rioters who stormed Congress (Category: Breaking News)
- Mass arrests in Brazil as President condemns ‘terrorist’ riots (Category: Breaking News)
- Pakistan’s Supreme Court rules Imran Khan arrest was illegal (Category: Breaking News)
- A divided Japan bids farewell to its slain ex-PM (Category: Breaking News)
The man charged with clawing Sri Lanka out of bankruptcy says he had warned about economic calamity years before it hit and was pressed into retirement for his troubles.The post ‘No second chance’ to save Sri Lanka, central banker warns appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- CBSL Governor refuses to resign over pay hike issue (Category: Breaking News)
- CBSL chief s special statement on domestic debt restructuring process (Category: Breaking News)
- Sri Lanka’s Central Bank Governor asks critics to provide alternatives (Category: Breaking News)
- Sri Lanka faces shutdown without stable govt- CBSL governor warns (Category: Breaking News)
India plans to allow Sri Lanka up to 12 years to repay its debt to help ease the financial burden on the island nation, India’s Export Credit Guarantee Corporation (ECGC) Ltd’s chairman-cum-managing director M. Senthilnathan said.The post India to allow Sri Lanka to repay debt over 12 years appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka given more time to repay Bangladesh’s $200 Million loan (Category: Breaking News)
- Sri Lanka trying to reduce overall debt by $17 Billion, president says (Category: Breaking News)
- India to allow Sri Lanka to repay debt over 12 years (Category: Breaking News)
- China’s EXIM bank offers Sri Lanka debt extension – report (Category: Breaking News)
A year after angry Sri Lankans stormed the president's residence and forced his ouster during a meltdown of the economy, the island's streets are calm, there are no serpentine queues at fuel stations and hours-long power cuts have ended.The post Analysis: A year later, Sri Lanka’s tentative
- Sri Lanka cabinet approves new electricity tariff without saying what it is (Category: Breaking News)
- Japan to support Sri Lanka’s debt restructuring negotiations (Category: Breaking News)
- IMF team in Colombo this week for first review of Extended Fund Facility (Category: Breaking News)
- Sri Lanka sees forex reserves exceeding $4 billion after fresh funding (Category: Breaking News)
India plans to allow Sri Lanka up to 12 years to repay its debt to help ease the financial burden on the country, India’s Export Credit Guarantee Corporation (ECGC) Ltd’s Chairman-cum-Managing Director M. Senthilnathan said. Sri Lanka, facing its worst economic and political crisis in over seven decades, owes $7.1 billion to bilateral creditors— $3 […]
- India starts debt-restructuring talks with Sri Lanka (Category: Breaking News)
- India provided nearly $4 billion in food, financial assistance to Sri Lanka (Category: Breaking News)
- India to invest more in Sri Lanka after crisis support of $3.8 Bn (Category: Breaking News)
- Sri Lanka thanks India for giving assurances to IMF for USD 2.9B bailout package (Category: Breaking News)
Sri Lanka is set to start bartering tea to Iran next month in lieu of $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit country tries to lift sales to a key market and protect its forex reserves.The post Sri Lanka set to start tea-for-oil barter with Iran next month appeared first on ONLANKA - Latest Breaking News updates on Sri Lanka.
- Sri Lanka settles US$ 20 million Iranian oil debt with tea (Category: Breaking News)
- Sri Lanka set to start tea-for-oil barter with Iran next month (Category: Breaking News)
- Lankan, Iranian officials discuss how to boost SL tea exports (Category: Breaking News)
- Iran to double tea imports from SL (Category: Breaking News)
Prime Minister Narendra Modi’s vision of an ‘Atmanirbhar Bharat’ (self-reliant India) has been instrumental in shaping the startup culture in ‘Naya Jammu and Kashmir’. After the revocation of Article 370, Jammu & Kashmir has witnessed a significant transformation with regard to the promotion of a startup culture. The initiatives and support of the administration h...
- ‘Naya J-K’ Defeats Terror, Moves on to Become Vibrant Region (Category: Breaking News)
- Can J&K’s GSDP to reach $28 billion with 7.5% growth in 2023-24 (Category: Breaking News)
- Can J&K’s GSDP to reach $28 billion with 7.5% growth in 2023-24 (Category: Breaking News)
- Navigating India’s Future: A Deep Dive into Modi’s Governance (Category: Breaking News)
Sri Lanka’s national carrier is expecting a profit of USD 50 million for the upcoming year, SriLankan Airlines CEO Richard Nuttall revealed, adding that he also expects passenger traffic to surpass pre-COVID levels by the end of 2023 owing to the ‘economic boom’ in tourism.The post SriLankan CEO believes ‘worst is over’, expects $50 Million profit next year appeared first on ONLANKA N...
- SriLankan CEO believes worst is over , expects $50 mn profit next year (Category: Breaking News)
- Sri Lanka airline boss says ‘don’t be a CEO during Covid’ (Category: Breaking News)
- SriLankan Airlines obtains Government’s approval to recruit foreign pilots (Category: Breaking News)
- Sri Lanka jet fuel shortages costing SriLankan Airlines US$7mmn a month (Category: Breaking News)
By Rathindra Kuruwita The Sri Lankan government was not allocating funds to ensure the availability of essential public goods despite the gradual stabilisation of the economy, Prof. Priyanga Dunusinghe, of Department of Economics at the Colombo University said addressing the media. “
- Sajith says govt lying about there being no money to hold polls after having printed Rs 278 bn i... (Category: Breaking News)
- All 225 sitting MPs must share the blame for the present crisis: Ranatunga (Category: Breaking News)
- The government printed Rs 278 billion between October and December 2022 (Category: Breaking News)
- Govt plans accreditation for every profession (Category: Breaking News)
Representing Sri Lanka at the 14th International Infrastructure Investment and Construction Forum (14th IIICF) Friday (02), Minister of Ports, Shipping and Aviation – Nimal Siripala de Silva said that under the leadership of President Ranil Wickremesinghe, the government was dedicated to driving the digitalization initiative forward under name ‘DIGIECON 2030’, signifying a pivotal step towards [...
- Sri Lanka to spend USD132M on port development projects (Category: Breaking News)
- India, SL to start ferry service between KKS and Puducherry (Category: Breaking News)
- Nimal Siripala pushes for more seagoing jobs (Category: Breaking News)
- Part of port land up for sale (Category: Breaking News)
By Prsanna Brahamana reporting from Bangkok Outgoing Thai Prime Minister Prayut Chan-o-cha while welcoming his Lankan counterpart Dinesh Gunawardena to Bangkok, on Wednesday, stated that Thailand and Sri Lanka’s bilateral ties go as far back as over 700 years. Premier Gunawardena is in Thailand to attend the two-day celebrations marking Vesak or Visakha Bucha in […]
- Thailand agreed to allow Gotabaya to stay temporarily- Thai PM (Category: Breaking News)
- Severe Flood Situation in Bangkok (Category: Breaking News)
- Gota to return on Saturday? (Category: Breaking News)
- Sri Lanka to purchase LP gas from Thailand-based company (Category: Breaking News)
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