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International Chamber of Commerce Sri Lanka (ICC Sri Lanka) hosted its third annual Arbitration Conference on August 3rd, 2023, at the Galadari Hotel in Colombo. The International Chamber of Commerce (ICC Paris) is celebrating 100 years of the ICC International Court of Arbitration this year. Since the inception of the ICC Court in 1923, they […]
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV appeared first on Colombo Telegraph.
[…]The post Change Flight From Stability With Stagnancy appeared first on Colombo Telegraph.
Sri Lanka’s consumer inflation rate more than halved to 4.6% year-on-year in July, helped by falling food prices, the statistics department said on Monday.The post Sri Lanka’s July consumer inflation more than halves to 4.6% appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka has finally started paying back the $200 million it took from Bangladesh in a currency swap agreement in August 2021, more than a year and a half later than the original agreed date. On August 17, Sri Lanka sent $50 million to Bangladesh, which is the first instalment of the payment, according to Md Mezbaul […]
By Jehan Perera The situation in the country, particularly with regard to the economy and politics, can be described as stable but stagnant. The economy is stable in that it has not experienced further collapse in comparison to the kind witnessed last year when international bankruptcy
[…]The post Target 2048 – Economic Democracy Principles Should Be Followed To The Letter appeared first on Colombo Telegraph.
Property giant Evergrande has filed for bankruptcy protection in the US as the real estate crisis in China deepens. It will allow the heavily-indebted company to protect its assets in the US as it works on a multi-billion dollar deal with creditors. Evergrande defaulted on its huge debts in 2021, which sent shock-waves through global […]
[…]The post Is Sri Lanka Ready For The Climate Conference? appeared first on Colombo Telegraph.
There is considerable haggling in some local quarters on whether the concept of Non-alignment is of any relevance to Sri Lanka in particular and to the developing world in general. Going by some pronouncements in these sections the ideology of Non-alignment has seemingly ceased to be of importance to Sri Lanka as a basis of […]
The World Bank is mulling local currency lending in countries like India to help borrowers save on costs, a senior official said on Friday. “How do we do local currency lending for a country like India is also something we are trying to think of at a price which is advantageous to this country,” Anshula […]
Chinese oil major Sinopec expects to start operations in Sri Lanka on Sept. 20 and will be allowed to sell fuel for less than the maximum retail price set by the government, Sri Lanka's power minister said on Tuesday.The post Sri Lanka says China’s Sinopec to start operations September 20 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Nation Cast Out Of Paradise Reemerges appeared first on Colombo Telegraph.
by Jehan Perera A little publicised march wended its way from Talaimannar in the north-west coast to Matale in the central hills. The march retraced the jungle track of 200 years ago that brought a flow of men and women in the tens of thousands from the south of India to work on the newly […]
that the foreign guests helped boost the country’s economy and deserved […]
By a Special Correspondent In a significant move aimed at safeguarding national security and curtailing the potential advancement of China’s military capabilities, US President Joe Biden has taken action by signing an executive order that imposes limitations on new US investments in China. The order targets specific sectors, most notably sensitive technologies like computer chips, […]
[…]The post Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off appeared first on Colombo Telegraph.
Hatton National Bank PLC continued its steady performance in Q2 2023, posting a 1H 2023 PBT of Rs 13.6 Bn, while 1H 2023 PAT stood at Rs 8.6 Bn, growing 56% YoY. Meanwhile, the Group made a consolidated PBT and PAT of Rs 15.2 Bn and Rs 9.8 Bn respectively. Commenting on the performance, Nihal […]
[…]The post Debterioration Of Nations Social Security & Protection appeared first on Colombo Telegraph.
[…]The post IMF Economics & 13A Politics: Recipe For Unrest appeared first on Colombo Telegraph.
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 […]
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held Tuesday, decided to reduce the Statutory Reserve Ratio (SRR) applicable on all rupee deposit liabilities of Licensed Commercial Banks (LCBs) by 200 basis points, from 4.00 percent to 2.00 percent. The Central Bank, on Wednesday, announced that the decision comes into […]
The Central Bank of Sri Lanka has cut the statutory reserve ratio for commercial banks by 200 basis points to 2%, effective Aug. 16, it said on Wednesday.The post Sri Lanka Central Bank cuts statutory reserve ratio by 200 bps appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
, the economy has not grown and […]
Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the country's central bank, Nandalal Weerasinghe, said at a LSEG FX Community Event on Monday.The post Sri Lanka central bank chief: monetary policy transmission still incomplete appeared
Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the country s central bank, Dr. Nandalal Weerasinghe, said at a LSEG FX Community Event on Monday (Aug 7).
Pan Asia Banking Corporation PLC reflected a steady performance amidst a multitude of adversities emerging from challenging macro-economic conditions as the Bank reported its financial performance for 2023 1H, which showed judicious portfolio management and prudence exercised in dealing with possible fallout on its asset quality from under high interest rate regime. For the six-month […]
[…]The post Target 2048 – Private Sector Should Not Just Sit Aloof appeared first on Colombo Telegraph.
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 […]
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.