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President Ranil Wickremesinghe yesterday (19) announced the establishment of a new development bank to provide financial support to industrialists in Sri Lanka. This initiative will offer industrialists the opportunity to obtain loans at low interest rates, the President declared. The President also revealed plans to set up an Economic Commission to oversee these activities. A […]
By Vishvanath It is now clear that the proposed debate between SJB Leader Sajith Premadasa and his JVP/NPP counterpart, Anura Kumara Dissanayake (AKD), is a nonstarter in spite of streams of rhetoric let out by both sides frequently. On Thursday (June 06), the state-owned ITN hosted what it had advertised as a debate between Premadasa and AKD. […]The post Of that ‘one-man debate’ a...
…interest payments alone increased by USD 2.8 bn; foreign debt USD 100 bn By Shamindra Ferdinando Declaring that the economy had further deteriorated under President Ranil Wickremesinghe’s watch since July 2022, dissident SLPP parliamentarian Prof. G. L. Peiris said that the government
[…]The post Road To Bankruptcy: The Role Of Foreign Currency Flows & Economic Vulnerabilities In Sri Lanka appeared first on Colombo Telegraph.
[…]The post AKD’s NPP Must Win, But Where Is His Agenda & Platform? appeared first on Colombo Telegraph.
nation was starting to recover, but the economy was “still vulnerable and the path […]
The International Monetary Fund (IMF) announced the completion of the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing Sri Lanka to draw SDR 254 million (about US$ 336 million).The post IMF approves $336 million for Sri Lanka after second review appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
[…]The post Critique On IMF’s Second Review Under Extended Fund Facility appeared first on Colombo Telegraph.
[…]The post President RW Emphasizes He Has Not Deviated From The Principles Of The Democratic Socialist System appeared first on Colombo Telegraph.
The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR 254 million (about US$336 million). This brings the total IMF financial support disbursed so far to SDR 762 million (about US$1 billion). The Executive Board also concluded the […]
The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, with Sri Lanka allowing the authorities to draw about US$336 million. This brings the total IMF financial support disbursed so far to SDR 762 million (about US$1 billion). The Executive Board also concluded the […]
[…]The post NPP: The Unrivalled Choice In Sri Lanka Politics appeared first on Colombo Telegraph.
[…]The post Uncertainty About Elections Can Cause Instability appeared first on Colombo Telegraph.
Monday 10th June, 2024 Presidential candidates of the SJB and the JVP-led NPP, Sajith Premadasa and Anura Kumara Dissanayake, respectively, have chosen to sprint even before the commencement of the next presidential race, which is a marathon, wherein one has to pace oneself skilfully to prevent fatigue and maintain momentum. The two sides have been […]
[…]The post Modi 3.0 In India: What Next For Sri Lanka? appeared first on Colombo Telegraph.
[…]The post Should The Economic Transformation Bill Proceed? – Part II appeared first on Colombo Telegraph.
[…]The post Should The Economic Transformation Bill Proceed? appeared first on Colombo Telegraph.
‘Far-reaching laws are being enacted without sufficient debate, consultations’ By Shamindra Ferdinando Two dissident SLPP MPs, Prof. G. L. Peiris and Gevindu Cumaratunga at separate media briefings on Monday (03) urged the SLPP parliamentary group not to throw its weight behind President Ranil Wickremesinghe efforts to enact laws inimical to the country in the run-up […]
[…]The post Proposed Enactment Of The Economic Transformation Bill appeared first on Colombo Telegraph.
[…]The post Plan For Transforming The Economy: Lacking Democratic Policy Governance, Will It Be Another Failure? appeared first on Colombo Telegraph.
In an inspired strategic move to rejuvenate foreign investment in the real estate sector, the Sri Lankan Department of Immigration and Emigration has reintroduced the “Investor Visa” program. This revamped initiative, aimed specifically at non-Sri Lankans interested in purchasing condominium units, is set to go live online on June 1st, 2024. The announcement followed a […]
[…]The post Politics Of Paranoia appeared first on Colombo Telegraph.
Group D preview: South Africa and Sri Lanka are the two highest ranked teams in the group, but there is not much between all five sides.Former ICC Men’s T20 World Cup champions Sri Lanka find themselves in Group D alongside South Africa, Bangladesh, Netherlands and Nepal for the upcoming tournament. This group promises thrilling matches […]
[…]The post Quo Vadis? – Feeding The 225; Don’t Wait For The State; Let’s Act On Our Own appeared first on Colombo Telegraph.
The Central Bank of Sri Lanka has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) at their current levels of 8.50 per cent and 9.50 per cent, respectively. The Monetary Policy Board of the Central Bank of Sri Lanka arrived at this decision after carefully assessing the […]
The announcement that India will overtake Japan in nominal gross domestic product in dollar terms in 2025 has shocked Tokyo. Until 2010, Japan had been home to the world’s undisputed second-largest economy, but it’s now on the brink of slipping to fifth place. In estimates released in late April
[…]The post President Ranil Wickremesinghe Rescued & Stable Economy In Sri Lanka – An Inquiry appeared first on Colombo Telegraph.
[…]The post Whither The National Education Policy Framework Of Sri Lanka? appeared first on Colombo Telegraph.
[…]The post Economic Stability With SOE Reforms Need System Change appeared first on Colombo Telegraph.
Sri Lanka's consumer price inflation rose to 2.7% in April from 2.5% in March, according to official data released on Tuesday, as reported by Reuters.The post Sri Lanka’s April inflation climbs to 2.7%, up from March’s 2.5% appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.