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China is willing to offer assistance to Sri Lanka without political conditions and buy more of its exports, President Xi Jinping told his Sri Lankan counterpart on Friday in Beijing, state media said.The post China’s Xi offers to help Sri Lanka; buy more of its exports appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- President Wickremesinghe places his trust on Xi Jinping (Category: Breaking News)
- China says willing to help Sri Lanka without political conditions (Category: Breaking News)
- Chinese Wings (Category: Business)
- Sri Lanka asks China for help with trade, investment and tourism (Category: Breaking News)
Sri Lanka and the International Monetary Fund (IMF) have reached a staff-level agreement on economic policies to conclude the first review of US $ 3 billion, 48-month, Extended Fund Facility (EFF).The post Sri Lanka reaches IMF staff-level agreement on first review appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF Executive Board considers Sri Lanka’s loan facility for approval today (March 20) (Category: Breaking News)
- First review of IMF’s Extended Fund Facility for Sri Lanka to commence today (Category: Breaking News)
- IMF praises Sri Lanka’s economic progress amid challenges (Category: Breaking News)
- IMF not expected to discuss Sri Lanka before year-end – sources (Category: Breaking News)
by Rex Clementine Former Sri Lanka captain Angelo Mathews was called up to India as a desperate measure to address the national cricket team’s batting woes in the ongoing ICC Cricket World Cup. Along with Mathews, fast bowler Dushmantha Chameera was also called up and the pair were expected to reach north Indian city of […]
- Mathews left out of World Cup qualifiers (Category: Breaking News)
- Mathews hits out at selectors with ‘agendas’ (Category: Breaking News)
- Sri Lanka would be better off with Mathews in ODIs (Category: Breaking News)
- Let’s find solutions to problems, not scapegoats (Category: Breaking News)
Sri Lanka has informed the Chinese leadership about its interest to enter into a Free Trade Agreement (FTA) with China. Chinese Vice Premier Ding Xuexiang expressed profound gratitude for Sri Lanka’s enduring support through the historic Rubber-Rice Agreement with the People’s Republic of China. He emphasized that the Chinese people will always remember this gesture […]
- Sri Lanka decides to continue to actively participate in China’s BRI (Category: Breaking News)
- President Ranil meets China s Vice PM; highlights Sri Lanka s aspiration for FTA (Category: Breaking News)
- India’s response to debt restructuring request expected by Jan end: SL (Category: Breaking News)
- Sri Lanka to reach ECTA deal with India and FTA with China (Category: Breaking News)
The International Monetary Fund (IMF) and Sri Lanka have reached a crucial staff-level agreement which is now subject to the approval by IMF management and the IMF Executive Board. After constructive discussions with the authorities in Colombo and during the Annual Meetings in Marrakech, IMF Senior Mission Chief for Sri Lanka Peter Breuer and Deputy […]
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
- IMF Executive Board to decide on Sri Lanka’s EFF on March 20 (Category: Breaking News)
- IMF delegation to visit Colombo next week (Category: Breaking News)
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
Allrounder Angelo Mathews and fast bowler Dushmantha Chameera will join Sri Lanka’s World Cup squad as travelling reserves. They are expected to link up with the team on Friday, ahead of Sri Lanka’s fourth league game against Netherlands in Lucknow on Saturday, but can only be drafted into the squad in case of an injury […]
- Sri Lanka announces T/20 World Cup squad (Category: Breaking News)
- Sri Lanka drops Sanath, Vaas (Category: Breaking News)
- Sri Lanka name World Cup team against West Indies (Category: Sports)
- Sri Lanka, West Indies name World Cup squads for series (Category: Breaking News)
China today assured medium and long-term support for Sri Lanka, during talks between President Ranil Wickremesinghe and Chinese Finance Minister Liu Kun. The Chinese Finance Minister reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term program that is mutually beneficial to both parties and aimed at optimizing Sri Lanka’s […]
- Chinese Finance Minister assures extensive commitment to enhance Sri Lanka s credit optimization (Category: Breaking News)
- Chinese Finance Minister assures an extensive commitment from China to enhance Sri Lanka’s credi... (Category: Breaking News)
- China committed to enhance Sri Lanka’s credit optimization – Chinese Finance Minister (Category: Breaking News)
- Some creditors want to restructure Sri Lanka’s debt without China (Category: Breaking News)
Chinese Finance Minister, Liu Kun, has reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term program that is mutually beneficial to both parties and aimed at optimizing Sri Lanka’s debt.The post Chinese Finance Minister assures an extensive commitment from China to enhance Sri Lanka’s credit optimization appeared first on ONLANKA ...
- China assures commitment towards Sri Lanka’s debt restructuring process (Category: Breaking News)
- Chinese reaffirms support for Sri Lanka’s economic recovery (Category: Breaking News)
- Chinese Finance Minister assures extensive commitment to enhance Sri Lanka s credit optimization (Category: Breaking News)
- Sri Lanka Prime Minister meets Chinese President Xi Jinping (Category: Breaking News)
Sri Lanka is taking an unfavorable view toward a proposal by foreign dollar bondholders for restructuring its debt, signaling possible complications in negotiations that are key for accessing further funding to support its economic recovery. “This proposal has not received a favorable response from Sri Lanka,” the Ministry of Finance said in an official statement, […]
- Sri Lanka calls for debt-restructuring proposals from dealer managers (Category: Breaking News)
- Bondholders and Sri Lanka fail to agree on restructuring terms (Category: Breaking News)
- Sri Lanka could benefit from debt-for-nature swap (Category: Breaking News)
- Sri Lanka bondholders proposal sees government pushback (Category: Breaking News)
[…]The post Is Cargills-AMUL JV Creating A Dairy Monopoly? appeared first on Colombo Telegraph.
- NPP’s Economic Diplomacy; Non-Aligned In The Best Interests Of The Nation (Category: Breaking News)
- The Aragalaya & The Wijeweera Legacy: How The Lankan Left Could Win (Category: Breaking News)
- Who Or What Made Us Insolvent (Category: Breaking News)
- Ranil’s Repression Will Hit The JVP-NPP While It Indulges In Political Narcissism (Category: Breaking News)
Sri Lanka is close to reaching a vital staff-level agreement with the International Monetary Fund to get funding, while it’s also assessing debt restructuring terms from foreign holders of its dollar bonds, according to junior Finance Minister Shehan Semasinghe.The post Sri Lanka Close to IMF Agreement, Is Weighing Bondholder Terms, Semasinghe Says appeared first on ONLANKA - Sri Lanka Latest Brea...
- Sri Lanka close to IMF agreement, is weighing bondholder terms  Semasinghe (Category: Breaking News)
- Semasinghe rubbishes reports claiming transfer of economic centers to foreign country (Category: Breaking News)
- No move to restructure domestic debt – State Minister (Category: Breaking News)
- Sri Lanka to offer conducive environment for investors (Category: Breaking News)
Sri Lanka's president on Wednesday said debt relief for low-income countries should be part of the green transition and inaction on debt could pose an existential threat to China's Belt and Road Initiative.The post Sri Lanka president urges debt relief to help green transition appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka looks at debt relief through nature conservation – report (Category: Breaking News)
- Sri Lanka President highlighted challenges faced in debt restructuring process to U.S. Treasury ... (Category: Breaking News)
- Sri Lanka has initiated an action plan to ensure a Green Economy by 2050 Â President (Category: Breaking News)
- President proposes meeting of Agriculture Ministers of all countries to evaluate food requiremen... (Category: Breaking News)
Vietnam and Sri Lanka have agreed to formulate a comprehensive action plan to bolster the relationship between both countries. Vietnamese President Vo Van Thuong also expressed Vietnam’s willingness to serve as a bridge for enhancing relations between Southeast Asia and Sri Lanka. He emphasized that Vietnam is committed to taking the initiative in strengthening economic, […]
- Former UK PM David Cameron holds talks with RW (Category: Breaking News)
- Ranil assures to protect rights of children and elderly (Category: Breaking News)
- World Bank calls for quick restructuring of Sri Lanka’s debt (Category: Breaking News)
- New Zealand and Sri Lanka discuss potential areas of cooperation (Category: Breaking News)
A Gaza health ministry spokesman said hundreds were killed in a blast at a Gaza City hospital on Tuesday that Israeli and Palestinian officials blamed on each other and that ignited protests in the West Bank and around the Middle East.The post Hundreds said killed in Gaza hospital blast, protests erupt appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Panic and confusion at scene of Gaza hospital blast (Category: Breaking News)
- Hamas and Israel trade blame after Gaza hospital blast kills hundreds (Category: Breaking News)
- Jordan cancels Biden summit after hundreds killed in Gaza hospital blast (Category: Breaking News)
- Biden, in Israel, says hospital blast caused by militants (Category: Breaking News)
The agricultural policies of successive governments have rendered millions of Lankans insecure, Movement for Land and Agricultural Reform (MONLAR) has said in a media statement. Historically, the major victims of these policies have been smallholder food producers and the members of the plantation community. However, during the past two years, due to the restrictions on […]
- MONLAR, a force for food insecurity, now blames 70-years of government! (Category: Breaking News)
- Sri Lankan farmers raise concerns over govt.’s agricultural policies (Category: Breaking News)
- Udawalawe reservoir almost empty (Category: Breaking News)
- MONLAR: SL has lost million hectares of forest cover since 1960 (Category: Breaking News)
by M. Rizwan Muzzammil According to an article in ‘The Diplomat’ (2nd Oct., 23), the Sri Lankan government has committed to supplying 70% of its domestic electricity, with renewable energy sources, by 2030, with the longer-term goal of achieving a fully renewable electricity supply by 2050. The government is incentivised by “debt-for-renewables swap”, which enables […]
- Need for manufacturer-authorized brand new EVs stressed (Category: Breaking News)
- Ukraine, brandy and EVs top the agenda on Xi’s charm offensive (Category: Breaking News)
- World faces stark choice at Rio+20, warns UN Report (Category: Business)
- Sri Lanka’s energy sector at risk: Calls for diversification amidst Chinese investments (Category: Breaking News)
[…]The post Story Of A Social Outcast: Is Salvation Only Through Education? appeared first on Colombo Telegraph.
- Hasalaka Thushara, Ayn Rand & An Instance Of Atlas Choosing To Shrug Himself (Category: Breaking News)
- The Rooster Coop & Its Impact On Sri Lanka (Category: Breaking News)
- Sirimavo B’s Statesmanship Through Eric J. De Silva’s Eyes (Category: Breaking News)
- Child’s Guide To How Ranilnomics Should Be Designed & Implemented (Category: Breaking News)
The first section of Kenya’s Chinese-built railway was opened with much fanfare in 2017 – but two years later work on the tracks stopped in the middle of the country and the master plan of linking it to other landlocked countries in East Africa seems to have derailed. This means the project is not bringing […]
- Kenya mid-air collision kills student pilot and trainer (Category: Breaking News)
- Hundreds protest at violence against Kenyan women (Category: Breaking News)
- Belt and Road Initiative: Is China’s trillion-dollar gamble to transform the world working? (Category: Breaking News)
- Kenya’s nationwide power blackout sparks KPLC sabotage suspicions (Category: Breaking News)
[…]The post Hamas Onslaught, Israeli Revenge & The Return Of Diplomacy appeared first on Colombo Telegraph.
- It Is Not War But Ceasefire That Is Freeing Hostages & Prisoners (Category: Breaking News)
- Condoning Israeli Aggression & Condemning Palestinian Resistance (Category: Breaking News)
- Netanyahu’s Madness (Category: Breaking News)
- Israel – Most Condemned UN Member (Category: Breaking News)
[…]The post A Journey Down The Memory Lane, Flouters Of Democracy Have Got It In The Neck appeared first on Colombo Telegraph.
- Politics Devoid Of Doctrine Is Empty & Harmful In The Long-Run; Premadasa, RW & MR Are Examples (Category: Breaking News)
- V. Anandasangaree: The LTTE Vilified Him, But History Has Vindicated Him (Category: Breaking News)
- Two Challenges: Economic Recovery & Political Devolution – IV (Category: Breaking News)
- AKD’s Recent Climb Is Meteoric, Yet A Long Way To Go (Category: Breaking News)
Sri Lanka has reached an agreement with the Export-Import Bank of China to cover about $4.2 billion of the island nation's outstanding debt, its finance ministry said in a statement on Thursday.The post Sri Lanka says it has deal with China EXIM bank covering $4.2 billion of debt appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- China says Exim Bank and Sri Lanka reached preliminary debt deal (Category: Breaking News)
- China’s EXIM bank offers Sri Lanka debt extension – report (Category: Breaking News)
- Analysis: China paves Sri Lanka’s way to IMF funds, but debt talks remain uncertain (Category: Breaking News)
- Sri Lanka expects financing assurances from China for IMF deal within days (Category: Breaking News)
Israel was warned by Egypt of potential violence three days before Hamas’ deadly cross-border raid, a US congressional panel chairman has said. House of Representatives Foreign Affairs Committee head Michael McCaul told reporters of the alleged warning. Israeli PM Benjamin Netanyahu described the reports as “absolutely false”. Israeli intelligence services are under scrutiny for ...
- EU says starvation in Gaza being used as a weapon (Category: Breaking News)
- Hezbollah steps back from all-out war on Israel over Gaza – for now (Category: Breaking News)
- Israel says it has arrested hundreds of Hamas and Islamic Jihad members (Category: Breaking News)
- Israel carries out intense air strikes on Khan Younis in southern Gaza (Category: Breaking News)
Israel was warned by Egypt of potential violence three days before Hamas’ deadly cross-border raid, a US congressional panel chairman has said. House of Representatives Foreign Affairs Committee head Michael McCaul told reporters of the alleged warning. Israeli PM Benjamin Netanyahu described the reports as “absolutely false”. Israeli intelligence services are under scrutiny for ...
- Hamas says no more hostage releases until war ends (Category: Breaking News)
- EU says starvation in Gaza being used as a weapon (Category: Breaking News)
- PM says Israel at war after 100 killed in attack from Gaza (Category: Breaking News)
- Israel faces ‘long, difficult war’ after Hamas attack – Prime Minister Benjamin Netanyahu (Category: Breaking News)
In late September, the Export-Import Bank of China had tentatively agreed with Sri Lanka on the debt treatment, Chinese Foreign Ministry Spokesperson, Wang Wenbin said on Tuesday (10) during his regular press conference. He said this answering a question posed by a journalist from China Central Television (CCTV). CCTV: “Sri Lanka’s debt restructuring is at […]
- Sri Lanka s debt repayments to be suspended until 2028 (Category: Breaking News)
- China already offers Sri Lanka debt extension- Foreign Ministry (Category: Breaking News)
- China, US to participate in first meeting of new debt roundtable on Feb. 17 (Category: Breaking News)
- Sri Lanka already started low level talks with India, China on debt restructuring  President (Category: Breaking News)
Output growth of South Asian countries, except Sri Lanka, is projected to remain stronger than in other regions of the world in the coming years, as per the World Bank’s latest South Asia Development Update, ‘Toward Faster, Cleaner Growth’. Growth in the region is stronger than elsewhere in the world, but it is nonetheless not […]
- Growth in South Asia to slow down in 2023, WB (Category: Breaking News)
- Sri Lanka s economy shrinks in second quarter of 2022 (Category: Breaking News)
- More than a quarter of Lankans living in poverty – World Bank (Category: Breaking News)
- IMF appreciates Sri Lanka’s economic growth (Category: Breaking News)
Discussions between Sri Lanka and all its creditors are ongoing, though the International Monetary Fund has not been informed about any specific agreements, its mission chief for the country said on Wednesday.The post Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Debt restructuring making progress in countries such as Sri Lanka – IMF (Category: Breaking News)
- IMF board poised to approve $2.9 billion Sri Lanka bailout (Category: Breaking News)
- There is “strong expectation” of Sri Lanka commercial creditor deal: IMF (Category: Breaking News)
- IMF remains hopeful of Sri Lanka securing all financing assurances soon to unlock funding (Category: Breaking News)
USD 73 mn down the drain? The US Embassy is on record as having said that USAID conducted a project at a cost of USD 73 mn during the Yahapalana administration (2015-2019) to enhance the efficiency of lawmakers and be responsive to the people they represent. In terms of this project, 50 Research Assistants of […]
- Impact of foreign-funded projects on Parliament’s standing as sole sovereign and supreme body (Category: Breaking News)
- Costly UNDP ‘lessons’ for Parliament (Category: Breaking News)
- Deputy Speaker finds fault with media over ‘insufficient coverage’ of Parliament (Category: Breaking News)
- Growing foreign dependency and India’s USD 4 bn lifeline (Category: Breaking News)
China said one of its financial institutions has reached a preliminary agreement with Sri Lanka on resolving China-related debt, a potentially major step toward resolving the South Asian nation’s fiscal woes.The post China says Exim Bank and Sri Lanka reached preliminary debt deal appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- China says Exim Bank and Sri Lanka reached preliminary debt deal (Category: Breaking News)
- Sri Lanka says it has deal with China EXIM bank covering $4.2 billion of debt (Category: Breaking News)
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- Sri Lanka says China Exim Bank agreed in principle to restructure $4.2bn of debt (Category: Breaking News)
[…]The post New CBSL Act – Monetary Policy – Interest Rates Et Al. appeared first on Colombo Telegraph.
- Central Banks Have A Critical Role To Play During Times Of Financial Crisis (Category: Breaking News)
- Entrepreneurs Argue Against Unpredictable Exchange Rate, Interest Rates & Tax Policy (Category: Breaking News)
- Inflation, Interest Rate & Imperialism (Category: Breaking News)
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
Oil prices have jumped on concerns that the situation in Israel and Gaza could disrupt output from the Middle East. Brent crude, the international benchmark, climbed by $2.25 a barrel to $86.83, while US prices also rose. Israel and Palestinian territories are not oil producers but the Middle Eastern region accounts for almost a third […]
- Oil tanker on fire after Houthi missile attack, firm says (Category: Breaking News)
- How India overcame bitter G20 divisions over Ukraine (Category: Breaking News)
- Hezbollah steps back from all-out war on Israel over Gaza – for now (Category: Breaking News)
- Nikki Haley exits race but stops short of endorsing Trump (Category: Breaking News)
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