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The losses up to June exceeds Rs600bn
- Sri Lanka’s IOC unit reports Rs12.3 bn in Sept 2022 profits (Category: Breaking News)
- Power Minister reveals the main reasons for CPC losses (Category: Breaking News)
- Private bus operators seek millions in compensation from Sri Lanka petroleum distributor (Category: Breaking News)
- CPC Still Running At A Loss (Category: Breaking News)
[…]The post Ranil-Rajapaksa: The Bells Shall Toll For The ‘Hilters’ Of Our Time! appeared first on Colombo Telegraph.
- With Impunity Remaining Normalised, What Hope For Sri Lanka? (Category: Breaking News)
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
- Political Robber Barons Fear The Rejuvenated ‘Aragala’ Spirit! (Category: Breaking News)
- ‘Endangering National Security’ – A Trojan Horse To Erode Human Rights! (Category: Breaking News)
[…]The post Putin’s Last Stand appeared first on Colombo Telegraph.
- Russian Presidential Election Results (Category: Breaking News)
- Vladimir Putin, Xi Jinping & Joe Biden (Category: Breaking News)
- Ancient Values Influence Behaviour Centuries Later (Category: Breaking News)
- The Ugly New Face Of Terrorism (Category: Breaking News)
Children in Sri Lanka forced to leave school due to economic crisis
- UNICEF: Lanka has second-highest in child malnutrition in South Asia (Category: Breaking News)
- Kaviratne reveals ignominious ratings of the country (Category: Breaking News)
- Sri Lanka’s children paying the steepest price in the current crisis – UNICEF Regional Director ... (Category: Breaking News)
- UN notes increase in abuse and violence against children in Sri Lanka (Category: Breaking News)
Trincomalee District Strategic Development Plan is not targeting elections, but a project that has been initiated to benefit future generations, Sri Lankan President Ranil Wickremesinghe said.The post Trincomalee District Strategic Development Plan not targeting elections, but a project to benefit future generations – President appeared first on Sri Lanka News - Latest Breaking News in Sri L...
- Sri Lanka to work with India to make Trincomalee an energy hub (Category: Breaking News)
- Trincomalee District Strategic Development Plan not targeting elections, but a project to benefi... (Category: Breaking News)
- Sri Lanka President reveals strategic roadmap to transform ‘Arugam Bay’ into a high-income touri... (Category: Breaking News)
- Cultivate on all arable agricultural lands – President (Category: Breaking News)
Sri Lanka is to work with India to make Trincomalee an energy hub, President Ranil Wickremesinghe said. President Wickremesinghe said that the Trincomalee District Strategic Development Plan is not targeting elections, but a project that has been initiated to benefit future generations. He said that Sri Lanka values India’s assistance in implementing the Trincomalee District […]
- Trincomalee District Strategic Development Plan not targeting elections, but a project to benefi... (Category: Breaking News)
- Government to push ahead with plan for Trincomalee Port (Category: Breaking News)
- Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India (Category: Breaking News)
- Sri Lanka to focus on energy, port projects with India during presidential visit (Category: Breaking News)
Former People’s Alliance lawmaker M. M. Zuhair, PC has said that Western powers will exploit an invitation to probe 2019 Easter Sunday attacks to delve into wartime accountability issues. The following is the text of the statement issued by one-time State Counsel close on the heels of the conclusion of the 51 session of the […]
- Government says committed to probe (Category: Breaking News)
- House Oversight Committee assures probe (Category: Breaking News)
- Cabinet takes up Channel 4 allegations; Premadasa asks for international probe (Category: Breaking News)
- Azad Moulana offers to testify in Easter attacks probe (Category: Breaking News)
Effective income taxes for some categories have been raised to around 29% from 8% earlier - analysts
- Sri Lanka’s tax hike likely to discourage small time investors into stocks – analysts (Category: Breaking News)
- Lanka should aim for revenues of 12-pct of GDP, avoid shortfalls: IMF (Category: Breaking News)
- Sri Lanka gambles on tax hikes; downside risks seen than gains (Category: Breaking News)
- Tax payers look to tighten belts further or migrate as progressive taxes bite (Category: Breaking News)
by Neville Ladduwahetty During the course of his address, as Chair of the 55th Annual meeting of the Asian Development Bank, Sri Lanka’s President, Ranil Wickremesinghe, said, “As they say, in many of our countries, when the elephants fight, it is the grass that is crushed”. As far as Sri Lanka is concerned, its strategically […]
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
- IMF chief pleased SL reached staff-level deal for $2.9 billion (Category: Breaking News)
- IMF chief says debt situation in Sri Lanka no longer sustainable (Category: Breaking News)
- IMF chief pleased with deal reached to support Sri Lanka (Category: Breaking News)
Sri Lanka will remain a middle-income country but request the World Bank to grant it some loans generally offered to poorer nations, the president's office said on Tuesday, clarifying a cabinet spokesperson's earlier comments on the matter.The post Sri Lanka to keep ‘middle-income’ status but seek concessional loans appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka -...
- Sri Lanka has asked to be de-gradudated to get IDA loans from World Bank (Category: Breaking News)
- Sri Lankan President proposes ADB to establish International University on Climate Change in Sri... (Category: Breaking News)
- Sri Lankan President explains Government’s tax policy while revealing the cause of inflation (Category: Breaking News)
- Proposal for Sri Lanka to downgrade itself to low-income country (Category: Breaking News)
[…]The post Sri Lanka’s Past Is Prologue For China appeared first on Colombo Telegraph.
- The China-Lanka Conundrum (Category: Breaking News)
- Postponing Elections & Inviting The Dragon: Sri Lankan President’s China Tilt (Category: Breaking News)
- The Destiny Of China’s Colony Of Sri Lanka (Category: Breaking News)
- Chinese Survey Vessel Yuan Wang 5 reaches Port of Hambantota in Sri Lanka (Category: Breaking News)
[…]The post Are The IMF & Ranil Wickremesinghe Neoliberal? appeared first on Colombo Telegraph.
- The Impact Of The Next Election On The Economic Reforms (Category: Breaking News)
- Country Has Fallen Due To The Socialist Thinking (Category: Breaking News)
- Collective Consciousness Of Sri Lankans – Is It Constructive Or Destructive (Category: Breaking News)
- Elections & Economic Recovery (Category: Breaking News)
World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva said there was a growing risk of global recession, with inflation remaining a continuing problem after Russia’s invasion of Ukraine.The post World Bank’s Malpass, IMF’s Georgieva see rising risks of Global Recession appeared first on Sri Lanka News - Latest Breaking News in Sri Lan...
- World Bank and IMF warn of risks of global recession (Category: Breaking News)
- IMF chief Georgieva cites ‘fruitful exchange’ with China on debt issues (Category: Breaking News)
- China agrees to formation of global sovereign debt ’roundtable’ – IMF chief (Category: Breaking News)
- Global economy faces tougher year in 2023, IMF chief warns (Category: Breaking News)
Sri Lankans have lost access to most medicine and medical supplies, setting them on course for a humanitarian disaster, Direct Relief reported. Unlike Russia’s invasion of Ukraine and the recent hurricane batterings of Puerto Rico and Florida, Sri Lanka’s crisis grew slowly and has garnered few international headlines. But Sri Lankans are suffering amid the […]
- Americares donates more than $773,000 USD worth of medical supplies to Sri Lanka (Category: Breaking News)
- US donates medical equipment to Sri Lanka-wide hospitals (Category: Breaking News)
- US based charity sends essential medications to Sri Lanka (Category: Breaking News)
- Sri Lanka seeks bridge financing from Singapore (Category: Breaking News)
The Dialog Axiata said it had partnered with Sampath Bank to launch a US dollar pre-paid fuel card to tourists which can top up to a maximum of 300 US dollars and use to pump fuel as the country grapples with a severe currency crisis.Sri Lanka is suffering the worst bout of monetary instability
- SC recommends further streamlining fuel distribution through SLTB (Category: Breaking News)
- QR code for issuance of fuel further delayed (Category: Breaking News)
- Police arrest more suspects for illegally storing and selling fuel (Category: Breaking News)
- AG ordered to submit proper fuel distribution mechanism for essential services (Category: Breaking News)
By N Sathiya Moorthy Possibly there is no precedent of the kind elsewhere. By underlining the importance of addressing ‘underlying governance factors and root causes’ that have ‘contributed’ to Sri Lanka’s unprecedented economic crisis, the UNHRC resolution, as Foreign Minister Ali Sabry, said was all a product of ‘geo-politics’ that has ‘polarised’ the UNHRC Council […]
- Sri Lanka admits facing defeat in Geneva (Category: Breaking News)
- Sri Lanka’s Foreign Minister continues attack on Canada (Category: Breaking News)
- UNHRC cannot dictate on economic reforms in Sri Lanka – Foreign Minister (Category: Breaking News)
- Ali Sabry to brief UN General Assembly (Category: Breaking News)
The people who raised their hands when these policies were made are now blaming us
- School officials demand end to cuts (Category: USA, South Carolina)
- Federal Way cuts tax to raise more money (Category: USA, Washington)
- More cuts in $100m GST black hole (Category: South Australia)
- OPEC+ agrees voluntary oil production cuts (Category: Breaking News)
Sri Lanka’s president said Thursday his government has started debt restructuring discussions with China, an important step toward finalizing an International Monetary Fund rescue of the island nation from a severe economic crisis.The post Sri Lanka begins crucial debt restructuring talks with China appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
- 6.2 million people in Sri Lanka facing moderate acute food insecurity – FAO (Category: Breaking News)
- Sri Lanka ranks 64 on Global Hunger Index 2022 (Category: Breaking News)
- Sri Lanka still among 10 countries with highest food price inflation (Category: Breaking News)
By Rathindra Kuruwita Central Bank Governor Dr. Nandalal Weerasinghe yesterday told journalists that Sri Lanka was holding discussions with China on debt restructuring and the developments were positive in general.However, the Governor refused to elaborate on discussions with any creditor, stating that specific details of these discussions would affect markets. “We can’t be specific. We [...
- CB Governor says biggest bugbear for businesses is high inflation (Category: Breaking News)
- CB Governor sees light at the end of the tunnel (Category: Breaking News)
- Chinese loans: Debt restructuring to commence in earnest after 20th National Congress of CPC (Category: Breaking News)
- Rupee appreciation alone not indicative of economic stabilisation – economist (Category: Breaking News)
[…]The post Is Post-Crisis Essential Reforms Being Effectively Progressed? If Not What Is The Way Forward? appeared first on Colombo Telegraph.
- Citizens Need A Snow White To Prod The Dwarfs In Governance & Society! (Category: Breaking News)
- A Postscript To Political Crisis: A Way Out (Category: Breaking News)
- Are Providers Of Information Under RTI Cognizant Of Their Obligations? (Category: Breaking News)
- Some Suggestions To Assist In Sri Lanka Striving To Achieve A Primary Balance (Category: Breaking News)
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 05 October 2022, 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 14.50 percent and 15.50 percent, respectively.The post Central Bank of Sri Lanka maintains policy interest rates unchanged appeared first on Sri Lanka N...
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
- Sri Lanka Central Bank further reduces policy rates (Category: Breaking News)
- Sri Lanka policy rate unchanged as market rates rise, money printing warnings (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
The card can be topped up in increments of 50 US dollars up to US$300
- Price Balance (Category: Business)
- Petrol Hike (Category: Business)
- Fuel prices increased in Sri Lanka (Category: Breaking News)
- Fuel Protests (Category: Business)
A resolution on Sri Lanka was passed by the UN Human Rights Council (UNHRC) today with 20 members voting for, 7 against and 20 abstentions. Japan and India were among the countries that abstained from voting. Full text of draft resolution: Promoting reconciliation, accountability and human rights in Sri Lanka The Human Rights Council, Guided by […]
- New resolution on Sri Lanka tabled in Geneva (Category: Breaking News)
- Concerns raised over Sri Lanka’s “flawed plans” for a Truth Commission (Category: Breaking News)
- More countries sign resolution on Sri Lanka (Category: Breaking News)
- USA: Draft resolution (Category: Business)
A high probability that inflation will peak around 75-pct and start to fall
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- Sri Lanka policy rate unchanged as market rates rise, money printing warnings (Category: Breaking News)
- Central Bank of Sri Lanka maintains policy interest rates unchanged (Category: Breaking News)
- Central Bank of Sri Lanka expects economic recovery in 2023 (Category: Breaking News)
A look at global debt statistics would show that almost all countries, irrespective of their economic status, obtain loans. The USA, the second richest country on the basis of PPP index, has a debt burden of more than 100% of their GDP, which is much more than some of the developing countries such as Brunei […]
- Forbes: Lanka, Pakistan and Maldives among biggest debt burdens to China (Category: Breaking News)
- Debt Trap Lessons (Category: Breaking News)
- Central Bank eyeing USD 8 -10 billion currency reserves in 3-4 years (Category: Breaking News)
- Ranawaka: It’s possible to prosecute those who bankrupted country (Category: Breaking News)
CPC trade unions oppose the move citing that the government is privatizing the state-run firm
- Sri Lanka to table bill that will allow competitors to import petroleum products (Category: Breaking News)
- Sri Lanka plans to allow more fuel distributors (Category: Breaking News)
- Sri Lanka parliament nods to liberalize petroleum sector amid protests (Category: Breaking News)
- Sri Lanka cabinet clears plan allow new foreign fuel distributors (Category: Breaking News)
The rupee fell from 200 to 360 to the US dollar in 2022 pushing up construction costs
The Sri Lankan authorities and the international community must fully incorporate human rights into their responses to the country’s economic crisis, Amnesty International said in a new report todayThe post Human rights compliant recovery measures critical to stop spiraling hunger, poverty in Sri Lanka – Amnesty International appeared first on Sri Lanka News - Latest Breaking News in Sri Lan...
- Human Rights Compliant Recovery Measures Critical To Stop Spiraling Hunger & Poverty In Sri Lank... (Category: Breaking News)
- Human rights compliant recovery measures critical to stop spiraling hunger, poverty in Sri Lanka... (Category: Breaking News)
- Sri Lankan President Ranil Wickremesinghe needs to end crackdown – Human Rights Watch (Category: Breaking News)
- Human Rights Watch urges major creditors to help restructure Sri Lanka’s debts (Category: Breaking News)
Sri Lanka's central bank is likely to maintain interest rates on Thursday in an effort to get a grip on inflation which has remained stubbornly high despite a sharp contraction in the crisis-hit economy.The post Sri Lanka Central Bank to hold rates as inflation worries persist appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka to hold rates as inflation slows slightly, focus on IMF bailout (Category: Breaking News)
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
- Sri Lanka’s Central Bank holds policy interest rates at current levels (Category: Breaking News)
- Sri Lanka’s Central Bank to hold rates as inflation stays high (Category: Breaking News)
[…]The post Politics Of Protests appeared first on Colombo Telegraph.
- Battle over proposed power tariff intensifies as PUCSL Chief rejects NC deadline (Category: Breaking News)
- Nepal: Crisis deepens, Maoists to discard election if NC leads Govt (Category: Business)
- Governors from across the South heading to NC (Category: USA, South Carolina)
- Armed man held after arrest as Obama leaves NC (Category: USA, South Carolina)
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