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Sri Lanka will ask Japan to invite the Indian Ocean island's main creditor nations, including China and India, to talks on bilateral debt restructuring, as it seeks a way out of its worst economic crisis in decades, its president said on Thursday.The post Sri Lanka to ask Japan to open talks on debt restructuring with key lenders appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - ...
- Sri Lanka could wrap up debt restructure talks by Sept, president says (Category: Breaking News)
- Sri Lanka already started ‘low level’ talks with India, China on debt restructuring – President (Category: Breaking News)
- Sri Lanka president to hold debt talks on France visit – sources (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
Sri Lanka is considering a restructure of local and sovereign debt, President Ranil Wickremesinghe said on Friday, as the island nation battles its worst financial crisis in its independent history.The post Sri Lanka considering restructure of local and sovereign debt appeared first on ONLANKA News
- Sri Lanka President says China’s assurances to restructure Sri Lanka’s debt received and forward... (Category: Breaking News)
- Sri Lanka set to begin talks to restructure debt of $30 Billion (Category: Breaking News)
- Sri Lanka Government hoping to restructure $17 billion foreign debts along with local debts (Category: Breaking News)
- Sri Lanka could wrap up debt restructure talks by Sept, president says (Category: Breaking News)
Sri Lanka will restart bailout talks with the International Monetary Fund (IMF) in August, its new president said on Wednesday, while calling on lawmakers to form an all-party government to resolve a crippling economic crisis.The post Sri Lanka to restart IMF bailout talks, president calls for unity Government appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri L...
- IMF bailout package has unlocked new path to create better future for youth and uplift the count... (Category: Breaking News)
- Sri Lanka to start next round of talks with creditors in April (Category: Breaking News)
- Sri Lanka President says it’s not right time for Rajapaksa to return after fleeing country, WSJ ... (Category: Breaking News)
- Sri Lanka has made good progress in negotiations with IMF – CBSL chief (Category: Breaking News)
AL Jazeera) Some Asian central banks must rapidly raise interest rates to prevent an “upward spiral” in inflation as the war in Ukraine drives surging fuel and food prices, an International Monetary Fund (IMF) official has said. While inflation in Asia remains “moderate” compared with other regions, several economies will have to act quickly to […]
- IT professionals leaving country (Category: Breaking News)
- Mo Farah says his final 26.2-mile race will ‘be emotional’ (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
- The government printed Rs 278 billion between October and December 2022 (Category: Breaking News)
Sri Lanka's acting President Ranil Wickremesinghe has said the country's previous administration was "covering up facts" about its crippling financial crisis.The post Sri Lanka’s acting President says previous government was ‘covering up facts’ about financial crisis appeared
- Easter Attacks: Sri Lanka to seek assistance of UK Government & intelligence over Easter Sunday ... (Category: Breaking News)
- Previous govt was covering up facts about financial crisis - Acting President (Category: Breaking News)
- The food crisis in Sri Lanka is man made, Acting President Ranil tells Global Forum (Category: Breaking News)
- Ranil Wickremesinghe sworn in as Acting President of Sri Lanka (Category: Breaking News)
By R. R. M. Lilani Even Lord Venkateshwara at the Tripathi Temple in Tamil Nadu, whom the Rajapaksas and Prime Minister Ranil Wickremesinghe visit for years in search of strength, power and protection, had let them down dearly. The Rajapaksas were grounded by President Gotabaya, a non-politician who only took pride in winning the Tamil […]
- WHAT NEXT? (Category: Breaking News)
- Gota’s resignation and Ranil’s appointment gazetted (Category: Breaking News)
- Gotabaya officially informs Ranil he is resigning (Category: Breaking News)
- Whose Saviour Is Ranil? And Who Is Being Clever – Ranil Or Gota? (Category: Breaking News)
An efficient mechanism is required to guarantee that disclosures made at parliamentary watchdog committees on the basis of Auditor General’s reports are used to further investigate and prosecute wrongdoers. AG’s reports and observations made by watchdog committees underscore the failure on the part of the Parliament to take effective and punitive measures to curb waste, […]
- Ex-COPE Chairman alleges executive intervention in House committees (Category: Breaking News)
- Herath: COPE dissolution must not hinder probe into economic crisis (Category: Breaking News)
- Procurement of LP gas: Ex-COPE Chief alleges embezzlement of funds amounting to Rs 1.3 bn (Category: Breaking News)
- Reconstitution of COPE, COPA in limbo (Category: Breaking News)
[…]The post Sri Lanka – From A Failed To Pseudo Mafia State? appeared first on Colombo Telegraph.
- SriLankan Airlines: CEO Vipula Fails To Provide Basic Covid Facilities For Staff (Category: Breaking News)
- SriLankan Airlines: CEO Vipula Fails To Provide Basic Covid Facilities For Staff (Category: Breaking News)
- SriLankan Airlines: CEO Vipula Fails To Provide Basic Covid Facilities For Staff (Category: Breaking News)
- Elitism – A Hidden Downfall Factor (Category: Breaking News)
By Anjana Pasricha NEW DELHI — In Colombo, Sri Lanka’s capital, a sprawling port city showcased as a financial hub to rival Dubai is being set up on 269 hectares of land dredged from the sea. It is the latest of the huge Chinese-funded infrastructure projects in the island country that include a port and […]
- Perils of Chinese Investment in Sri Lanka (Category: Breaking News)
- Chinese state-owned firm to build major Sri Lanka port complex (Category: Breaking News)
- Sri Lana PM laments unilateral termination of Japan, India-funded projects (Category: Breaking News)
- Sri Lanka should prevent Chinese vessel from reaching Hambantota port (Category: Breaking News)
[…]The post Crisis Deepens Without Rescue Plan appeared first on Colombo Telegraph.
- Could A ‘National Government’ Resolve The Crisis? (Category: Breaking News)
- Current State Of Sri Lankan Economy, According To Dhananath Fernando (Category: Breaking News)
- Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers (Category: Breaking News)
- IMF Facility? Is It Sufficient To Deliver Prosperity To Sri Lankans? (Category: Breaking News)
[…]The post Preventing Crooks From Entering The Parliament appeared first on Colombo Telegraph.
- The Current System & Unlawful Actions (Category: Breaking News)
- Anarchy & Abuse Of Power By Politicians (Category: Breaking News)
- Debt Trap, Lack Of Accountability & Blunders (Category: Breaking News)
- The Despot President Was Replaced By A Tyrant In Sri Lanka (Category: Breaking News)
in its worst financial crisis in […]
- Octane 95 Petrol available for 6 weeks (Category: Breaking News)
- Only limited amount of petrol available till 23rd June (Category: Breaking News)
- Final shipment of fuel under Indian Credit Line arrives in Sri Lanka (Category: Breaking News)
- Transportation of fuel temporarily suspended (Category: Breaking News)
[…]The post Why Should The United States Care About Sri Lanka’s Predicament? appeared first on Colombo Telegraph.
- Sri Lanka’s Asian Heritage (Category: Breaking News)
- Madame Ambassador Chung, Your Message Will Live On Forever! (Category: Breaking News)
- The Covid-19 Crisis & Innovation: Why Intellectual Property Rights Matter (Category: Breaking News)
- The Covid-19 Crisis & Innovation: Why Intellectual Property Rights Matter (Category: Breaking News)
"China and the United States could work together to help Sri Lanka (to) overcome current difficulties (sp)."
- Sri Lanka, China sign agreements to enhance bilateral cooperation (Category: Breaking News)
- China urges Sri Lanka to release detained fishermen (Category: Breaking News)
- Million dollar scam: 482 Chinese arrested (Category: Breaking News)
- China encourages more tourists - Govt (Category: Breaking News)
China on Wednesday praised India for making “great efforts” to help Colombo to tide over its worst financial crisis even as it refuted Sri Lankan President Gotabaya Rajapaksa’s remarks that Beijing has shifted its strategic focus from South Asia including Pakistan to South East
- China willing to help Sri Lanka deal with debt burden (Category: Breaking News)
- Sri Lanka virtually let down by China in securing a $2.9 billion IMF loan in December (Category: Breaking News)
- As Crisis-Hit Sri Lanka Counts Cost of Chinese Projects, India Moves to Recover Influence (Category: Breaking News)
- The IMF standoff and the China factor (Category: Breaking News)
[…]The post Aragalaya: People’s Response To Rajapaksa-Made Crisis appeared first on Colombo Telegraph.
- Mahinda Should Have Retired After Two Terms: Chamal Rajapaksa – Gota Should Resign Now! (Category: Breaking News)
- Ranil-Rajapaksa Dilemmas: Push Back On Basil Or Risk Leaving Like Gota (Category: Breaking News)
- Mahinda Is Bowing Out! What About Gota? (Category: Breaking News)
- Whose Saviour Is Ranil? And Who Is Being Clever – Ranil Or Gota? (Category: Breaking News)
Experts say, “The lack of cooperation by Beijing would complicate the debt recovery journey of Sri Lanka”. The magnitude of the economic crisis that Sri Lanka is facing has reached catastrophic proportions. The whole world is astounded by the rampant mismanagement beyond the comprehension of anybody. Once an economic model of Asia, is now reeling […]
- China cautions Sri Lanka on IMF deal (Category: Breaking News)
- India slams Chinese envoy in Sri Lanka (Category: Breaking News)
- Is China playing with Sri Lanka’s bid to secure an IMF loan? (Category: Breaking News)
- China assures continued support to Sri Lanka (Category: Breaking News)
[…]The post Causes Of Economic Crisis In Sri Lanka & Lessons For A New Age appeared first on Colombo Telegraph.
- Inflation – Public Enemy Number One (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- The Contribution Of The Monetary Policy For Overcoming The Current Economic Crisis Faced In Sri ... (Category: Breaking News)
Prime Minister Wickremesinghe says the Government is facing an immediate challenge of securing funds to pay for the fuel requirement for this coming week. He said that due to the dollar shortages in the banks, the Government is now exploring other options of securing the necessary funding. Meanwhile, Prime Minister Ranil Wickremesinghe held discussions with […]
- Vesak Day at GotaGoGama (Category: Breaking News)
- Protesting against a hidden deal (Category: Breaking News)
- Police fire tear gas and water cannons on IUSF students (Category: Breaking News)
- Protest march held to mark 50 days of Galle Face struggle (Category: Breaking News)
It will then be presented to the cabinet of ministers for approval, the PM’s office said in a statement.
- Government land policy is fair- Keheliya (Category: Breaking News)
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
Lack of parliament majority could drag the new prime minister's economic recovery plans
- Sri Lanka’s main opposition decides to conditionally support to new government (Category: Breaking News)
- Confirmed petrol shipment due on 22nd of July (Category: Breaking News)
- President urges China to change tune on debt (Category: Breaking News)
- Sri Lanka’s new finance minister faces challenge of winning back international confidence (Category: Breaking News)
[…] The post Delayed IMF Assistance & The Fertilizer Ban: President Rajapaksa’s “Two Mistakes” That Pauperized Sri Lanka appeared first on Colombo Telegraph.
- Sri Lanka on brink of food crisis after economic meltdown (Category: Breaking News)
- Crisis-hit Sri Lanka’s president requests help from Indian, Chinese, Middle East envoys – PMD (Category: Breaking News)
- What The President Can Do Before He Goes (Category: Breaking News)
- Sri Lanka Agripreneurs’ Forum recommends 10 proposals to overcome food crisis (Category: Breaking News)
[…] The post Lack Of Accountability, Ability & Credibility appeared first on Colombo Telegraph.
- Changing Pillows To Cure Headaches: Concepts, Solutions & Actions (Category: Breaking News)
- President Must Resign Now! (Category: Breaking News)
- Debt Trap, Lack Of Accountability & Blunders (Category: Breaking News)
- Changing Pillows To Cure Headaches: Politicians—Constitutional Amendment Mess (Category: Breaking News)
[…] The post A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War appeared first on Colombo Telegraph.
- Ripples In The Indian Ocean: Yuan Wang 5 & Easter Sunday 2019 (Category: Breaking News)
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
financial crisis was one of the strongest among middle-income countries (MICs), but its growth ...
- RAM upgrades CDB Finance ratings to BBB/P2 with a stable outlook (Category: Business)
- Indian auto firm Atul plans CKD unit in Sri Lanka (Category: Business)
- Asian economies: Managing spillovers and advancing economic rebalancing (Category: Business)
LONDON (Reuters): Britain’s economy shrank far more than expected in the second quarter, battered by everything from an extra public holiday to government spending cuts and the neighbouring euro zone crisis. Finance minister George Osborne said figures released on Wednesday showed Britain had “deep-rooted economic problems,” adding that the slump in the second quarter was ...
- Indonesia’s tourism sector to focus on emerging markets (Category: Business)
- Growth is better than expected – CB (Category: Business)
- Growth gloom (Category: Business)
- Global 2012 rubber output forecast revised up: ANRPC (Category: Business)
Global Foreign Direct Investment (FDI) inflows rose 16 per cent in 2011, surpassing the 2005-2007 pre-crisis level for the first time, despite the continuing effects of the global financial and economic crisis and the current debt crisis in Europe, UNCTAD’s annual survey of investment trends reports. The World Investment Report 20121, subtitled ‘Towards a New ...
- Global FDI defies crisis to jump 17% to $ 1.5 trillion in 2011 (Category: Business)
- Global FDI slumps as debt crisis scares M&A away: UN report (Category: Business)
- UNCTAD moots new generation of investment policies for sustainable development (Category: Business)
- Global trends in investment (Category: Business)
By Shamil Samsul Mueen 1. Introduction The global financial crisis has raised imperative issues concerning the stability and reliability of existing financial systems. This has driven an extensive global re-examination on the competence of the existing financial architecture and the search
- HNB launches Al-Najah Islamic banking unit (Category: Business)
- Islamic finance: Challenges and opportunities (Category: Business)
- Islamic banking and finance advisory services to assist financial institutions (Category: Business)
BANGKOK (IPS): The just-ended United Nations sustainable development summit in Rio de Janeiro has exposed the discomfort that many developing Asian countries have over buzz words like ‘green economy’ and ‘green growth’ in development diplomacy. With the Economic and Social Commission for Asia and the Pacific (ESCAP), the U.N. regional development arm, endorsing these concep...
- Challenging times for Asia Pacific (Category: Business)
- Green economy and impact on trade (Category: Business)
- More challenging global environment ahead for Asia Pacific region (Category: Business)
The Standard and Poor’s (S&P) Rating Services assigned a score of 8 (very high risk) to the Sri Lankan economy and banking industry last week. The role of ratings agencies in the lead-up to the global financial crisis (2008) was certainly highly questionable. There are also issues related
- Way out to fix the sick external sector: Getting back to IMF’s fold a must now (Category: Business)
- Commendable start; now for the finish (Category: Business)
- Taming the ‘monsters’ (Category: Business)
- Limits of statist development or state capitalism (Category: Business)
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