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Sri Lanka's national carrier has been struggling against even more headwinds than many of its rivals.The post Sri Lanka airline boss says ‘don’t be a CEO during Covid’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- SriLankan Airlines obtains Government’s approval to recruit foreign pilots (Category: Breaking News)
- SriLankan Airlines participates at the Ottawa Travel and Vacation Show (Category: Breaking News)
- SriLankan Airlines, Korean Air activate codeshare partnership (Category: Breaking News)
- Dialog, SriLankan offer star points, FlySmiLes conversion (Category: Breaking News)
Workers’ remittances to Sri Lanka crossed the US$ 500 million mark for the first time since April 2021, data released by the Central Bank last evening showed.The post Migrant workers’ remittances record sharp increase in March appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s workers’ remittances increased by 57.5% in 2023 (Category: Breaking News)
- Sri Lanka sees rise in workers’ remittances in November 2022 (Category: Breaking News)
- Sri Lankan Migrant workers’ remittances record sharp increase in May (Category: Breaking News)
- Sri Lankan migrant workers’ foreign remittances increase in April 2023 compared to 2022 (Category: Breaking News)
The Central Bank said on Tuesday it had decided to maintain its Standing Deposit Facility Rate and Standing Lending Facility Rate at the current level of 15.50 percent and 16.50 percent, respectively. Its Monetary Board made the decision after considering recent and expected developments related to both the domestic and global economy as well as […]
- Concessionary loan scheme for SMEs (Category: Breaking News)
- Bill presented to make Central Bank independent (Category: Breaking News)
- State banks open today for Aswesuma beneficiaries (Category: Breaking News)
- No new financing to Sri Lanka until macroeconomic policy framework is ready - WB (Category: Breaking News)
Sri Lanka's central bank kept interest rates steady on Tuesday and expressed optimism that prices would decelerate sharply in the coming months, in its first policy decision since securing a $3 billion bailout from the International Monetary Fund.The post Sri Lanka central bank holds rates, sees sharp drop in inflation appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA ...
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
- Sri Lanka central bank keeps policy rates unchanged to tame inflation (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
The Central Bank of Sri Lanka has decided to continue with its tight monetary policy. The Monetary Board of the Central Bank of Sri Lanka decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 15.50 per cent and 16.50 […]
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
- Demand for imports in Sri Lanka continues to remain subdued (Category: Breaking News)
- Central Bank of Sri Lanka decides to maintain policy rates (Category: Breaking News)
- CBSL’s decision to raise policy rates in line with IMF expectations (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe announced that the agreement with the International Monetary Fund (IMF) would be presented to Parliament for a vote on whether to support it and that following this vote, the key points of the agreement would be enacted into law.The post Once the Parliament
- Sri Lanka determined not to seek IMF assistance again (Category: Breaking News)
- Having Proper plan to strengthen Sri Lanka’s economy is important – President (Category: Breaking News)
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil (Category: Breaking News)
Sri Lanka is determined not to seek the assistance of the International Monetary Fund (IMF) for the 18th time. President Ranil Wickremesinghe said that the latest agreement with the IMF will be tabled in Parliament for a vote. “First and foremost, it is anticipated that the agreement
- President tells Parliament no final deal yet with IMF (Category: Breaking News)
- Interim-budget which meets IMF expectations presented to Parliament (Category: Breaking News)
- Ranil speaks to IMF Managing Director on crisis in Sri Lanka (Category: Breaking News)
- President presents IMF friendly 2023 budget (Category: Breaking News)
President Ranil Wickremesinghe has established a committee to oversee the utilisation of the credit facility provided by the International Monetary Fund (IMF).The committee, which comprises President’s Chief of Staff Sagala Ratnayaka, Treasury Secretary Mahinda Siriwardena, Central Bank Governor Dr
- Rep. Michelle Fischbach appointed to three committees (Category: USA, North Dakota)
- Rep. Michelle Fischbach appointed to three committees (Category: USA, North Dakota)
- Rep. Michelle Fischbach appointed to three committees (Category: USA, North Dakota)
- Rep. Michelle Fischbach appointed to three committees (Category: USA, North Dakota)
India and Japan have jointly agreed to cooperate with Sri Lanka to bolster regional connectivity in the strategic Indo-Pacific, a media report said on Friday, amid China’s aggressive military manoeuvring in the resource-rich region.The post India, Japan join hands with Sri Lanka to bolster regional connectivity in Indo-Pacific region appeared first on Sri Lanka News - Latest Breaking News in Sri L...
- India, Japan join hands with Sri Lanka to bolster regional connectivity in Indo-Pacific region (Category: Breaking News)
- Sri Lanka will not allow anything harmful to India’s security – President Ranil (Category: Breaking News)
- India aims for enhanced trilateral cooperation with Japan and Lanka (Category: Breaking News)
- Japan destroyer tests Sri Lanka shipyard with eye on future use (Category: Breaking News)
(Washington, DC) – The government of Sri Lanka should ensure that policies to enhance revenues do not further erode economic and social rights and that anti-corruption reforms provide accountability, Human Rights Watch said on Thursady. On March 20, 2023, the International Monetary Fund (IMF
- Human Rights Watch fears IMF loan could erode rights in Sri Lanka (Category: Breaking News)
- CBSL Governor urges public to become informants to boost tax revenue (Category: Breaking News)
- Tax payers look to tighten belts further or migrate as progressive taxes bite (Category: Breaking News)
- IMF Loan Risks Eroding Rights; Sri Lanka Should Ensure Fair Taxes, Accountability For Corruption... (Category: Breaking News)
Sri Lanka has a final opportunity to progress and it is imperative for everyone to collaborate in creating a prosperous community for future generations, without resorting to finger-pointing, emphasized President Ranil Wickremesinghe.The post Sri Lanka President says ‘this is our last chance to forge ahead’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA ...
- Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil (Category: Breaking News)
- Abandon the battle for power, President tells parliament (Category: Breaking News)
- Budget 2023 Will Be The Acid Test Of RW’s Magic Wand (Category: Breaking News)
- IMF says talks with Sri Lanka make significant policy progress (Category: Breaking News)
China on Thursday called remarks by U.S. Treasury Secretary Janet Yellen "irresponsible" and "unreasonable" after Yellen said Beijing's lending activities leave developing countries "trapped in debt."The post China calls U.S. debt trap accusation ‘irresponsible’ appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Yellen ‘eager’ to work with China on debt, other global challenges (Category: Breaking News)
- Janet Yellen warns United States could run out of cash by June 1 (Category: Breaking News)
- India a trusted trading partner in ‘friendshoring’ strategy: US Treasury Secretary Janet Yellen (Category: Breaking News)
- Janet Yellen warns US could run out of cash by June 1 (Category: Breaking News)
Human Rights Watch (HRW) fears the International Monetary Fund (IMF) loan granted to Sri Lanka could erode rights in the country. The global human rights group said that the Government of Sri Lanka should ensure that policies to enhance revenues do not further erode economic and social rights
- HRW says economic crisis puts rights in Sri Lanka in peril (Category: Breaking News)
- Rights group accuses Sri Lanka of cracking down on dissent (Category: Breaking News)
- Ranil urged to end use of counter terror laws on protesters (Category: Breaking News)
- Ongoing abuses undermining proposed TRC goals in Sri Lanka (Category: Breaking News)
[…]The post IMF Loan Risks Eroding Rights; Sri Lanka Should Ensure Fair Taxes, Accountability For Corruption: HRW appeared first on Colombo Telegraph.
- Sri Lankan Govt. Should Withdraw Draft ‘Rehabilitation’ Law: Human Rights Watch (Category: Breaking News)
- Rights Groups Urge Strong UN Resolution On Sri Lanka: UNHRC Should Enhance Mandates, Address Gro... (Category: Breaking News)
- Reject New Counterterrorism Bill: Proposed Law Breaks Government Pledge To End Abuse – HRW (Category: Breaking News)
- Rights groups urge strong UN resolution on Sri Lanka (Category: Breaking News)
Sri Lanka in the throes of the worst economic crisis since Independence has resorted to some desperate action; it has for the first time in its history declared bankruptcy, suspended debt repayment, secured an IMF bailout for the 17th time, and agreed to extremely stringent loan conditions, which have already caused social unrest with people […]
- How governments use IMF bailouts to hurt political opponents – new research (Category: Breaking News)
- IMF China and debt-trap (Category: Breaking News)
- Income inequality: How the rich got richer and what politicians are doing about it (Category: Business)
- SL economy, IMF claims, and reality (Category: Breaking News)
Sri Lanka is expecting to obtain around US $ 1.36 billion funds from major multilateral agencies, including the International Monetary Fund (IMF), World Bank and Asian Development Bank (ADB), this year.The post Sri Lanka eyes US $ 1.3 Billion from multilateral funding agencies this year appeared
- World Bank set to approve $700 Million for Sri Lanka next week (Category: Breaking News)
- India plans no more funding for Sri Lanka as IMF talks progress (Category: Breaking News)
- World Bank approves $700 Million for crisis-hit Sri Lanka (Category: Breaking News)
- IMF bailout not a silver bullet for Sri Lanka, says Moody’s Analytics (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe emphasized during an interview organized by Harvard University on the 24th, through Zoom technology, that Sri Lanka’s access to the growing Indian and African markets should not be disrupted by any big power rivalry or conflictThe post Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil appeared fir...
- Sri Lanka will not allow anything harmful to India’s security – President Ranil (Category: Breaking News)
- Fearing political pressure, Sri Lanka president wants to avoid trade integrations with India (Category: Breaking News)
- Sri Lanka to establish International Trade Office to deal with International Trade Negotiations (Category: Breaking News)
- Sri Lanka President says ‘this is our last chance to forge ahead’ (Category: Breaking News)
ECONOMYNEXT – Sri Lanka is projected to lend 2,533 million US dollars mainly to the US and Euro areas during an International Monetary Fund deal in 2023 including a mandatory 1.4 billion US dollars collected from exports and remittances, according to official documents. Sri Lanka is expected
- FOREIGN RESERVES TO REACH 8B US DOLLARS (Category: Breaking News)
- Sri Lanka s official reserves estimated at USD 3.5 billion (Category: Breaking News)
- Info about USD 4.2 bn debt deal with China shared with other creditors – CBSL Chief (Category: Breaking News)
- Remittances from expat workers increase (Category: Breaking News)
USD 121 million out of USD 333 million, the first tranche that was extended to Sri Lanka by the International Monetary Fund (IMF), was used to pay the instalment of the Indian credit line yesterday (March 24), State Minister of Finance Ranjith Siyambalapitiya said.The post USD 121 Million paid
- One third of first tranche of IMF bailout vaporised (Category: Breaking News)
- First review of IMF’s Extended Fund Facility for Sri Lanka to commence today (Category: Breaking News)
- Sri Lanka repaid first instalment of Indian credit line - Siyambalapitiya (Category: Breaking News)
- IMF bailout package has unlocked new path to create better future for youth and uplift the count... (Category: Breaking News)
Former Governor of the Central Bank delivering the keynote address at a high profile Webinar hosted by the Central Bank of Sri Lanka today (24) said that Sri Lanka must implement the structural reforms proposed by the International Monetary Fund (IMF) without relaxing like in the past or else
The International Monetary Fund (IMF) bailout will help bring Sri Lanka’s depleted foreign exchange reserve to pre-crisis levels in four years, said the country’s central bank governor.The post With IMF bailout, Sri Lanka will have healthy dollar reserves in 4 years – Central Bank Governor
- Sri Lanka gives China deal details, keeping IMF aid on track (Category: Breaking News)
- Sri Lanka to announce debt restructuring strategy in April – Central Bank Governor (Category: Breaking News)
- Sri Lanka’s inflation expected to significantly cool in the coming months – CBSL Governor (Category: Breaking News)
- IMF says Sri Lanka debt deal could help board clear first bailout review (Category: Breaking News)
The International Monetary Fund (IMF) bailout will help bring Sri Lanka s depleted foreign exchange reserve to pre-crisis levels in four years, said the country s central bank governor.
Sri Lanka is probably the first country to light firecrackers for receiving a loan from the International Monetary Fund (IMF), former Minister Wimal Weerawansa told Parliament today. He noted that banners were also erected in some places congratulating the President for securing the loan
- IMF insists no talks with Sri Lanka on digital services tax (Category: Breaking News)
- IMF wants Sri Lanka to reach deal with creditors (Category: Breaking News)
- IMF waiting for Sri Lanka to do the needful (Category: Breaking News)
- IMF seeks stability to resume talks with Sri Lanka (Category: Breaking News)
The economic crisis forced Sri Lanka to ensure financial discipline and slash unwanted spending, Prime Minister Dinesh Gunawardena told Parliament today. He said that the public and businesses are now being financially discipline and responsible. The Prime Minister also assured transparency when taking forward the reforms as agreed upon between Sri Lanka and the International […]
- India seen as Sri Lanka’s biggest friend in a time of crisis (Category: Breaking News)
- Dinesh to discuss Sri Lanka’s debt to China during visit next week (Category: Breaking News)
- PM claims only draft agreement reached with IMF (Category: Breaking News)
- Dinesh Gunawardena appointed new Prime Minister (Category: Breaking News)
The Opposition Samagi Jana Balawegaya (SJB) today denied allegations linked to its talks with foreign diplomats based in Colombo. SJB Leader Sajith Premadasa denied claims that the SJB had attempted to block the loan from the International Monetary Fund (IMF) to Sri Lanka. He said the SJB
- SJB will not walk with those who betrayed the country (Category: Breaking News)
- Sajith re-elected as SJB leader (Category: Breaking News)
- War of words between Sajith and Prasanna in Parliament (Category: Breaking News)
- Sajith accuses Speaker of being President’s agent (Category: Breaking News)
Sri Lanka will kick off the next round of talks with creditors in the third week of April, President Ranil Wickremesinghe said on Wednesday, adding that the debt-stricken nation has started to receive funds from the International Monetary Fund.The post Sri Lanka to start next round of talks with creditors in April appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- Global investors and Sri Lanka officials set for second round of Bond Restructuring talks (Category: Breaking News)
- Sri Lanka postpones debt restructuring talks, hopes for IMF deal in December (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
President Ranil Wickremesinghe urged the Opposition to unite and disregard political differences to assist in carrying out the agreement with the International Monetary Fund (IMF). The President emphasized that his duty is not to condemn previous administrations but to concentrate
- Prez vows to reform loss-making state enterprises, implement new tax regime (Category: Breaking News)
- Sri Lanka receives financial assurance letter from China (Category: Breaking News)
- President Ranil Wickremesinghe’s Special Statement – Full Text (Category: Breaking News)
- Government to consider restructuring domestic debt (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe said the International Monetary Fund (IMF) bailout package has unlocked a new path to create a better future for the youth and uplift the country.The post IMF bailout package has unlocked new path to create better future for youth and uplift the country
- Sri Lanka to restart IMF bailout talks, president calls for unity Government (Category: Breaking News)
- Sri Lanka President says it’s not right time for Rajapaksa to return after fleeing country, WSJ ... (Category: Breaking News)
- President appreciates the assistance extended by the International Lions Club (Category: Breaking News)
- Sri Lanka has made good progress in negotiations with IMF – CBSL chief (Category: Breaking News)
Sri Lanka’s bailout by the International Monetary Fund will help the bankrupt nation lower its borrowing costs, thanks in part to a change in how the cash can be used, central bank Governor Nandalal Weerasinghe said.The post IMF Deal will cut Sri Lanka borrowing costs, Central Bank Chief
- Sri Lanka’s inflation expected to significantly cool in the coming months – CBSL Governor (Category: Breaking News)
- IMF to visit Sri Lanka in late August for staff-level agreement – Central Bank Governor (Category: Breaking News)
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
- IMF process should continue whoever is in power – Central Bank Governor (Category: Breaking News)
By Shamindra Ferdinando The Japanese embassy and UNICEF (United Nations Children’s Fund, previously known as United Nations International Children’s Emergency Fund), on 16 March, 2023, issued a joint statement that dealt with the impact the developing political-economic-social crisis is having on the poor in Sri Lanka. The statement focused on the suffering of the children […]
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Treasury bond scams: SJB drags Lotus Tower into ‘conflict’ as SLPP attacks ‘footnote’ gang (Category: Breaking News)
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (Category: Breaking News)
- Sajith demands tough action against those targeting Lankans with pyramid scams (Category: Breaking News)
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