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[…]The post Restructuring The Economy: A Stock Take appeared first on Colombo Telegraph.
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- IMF Economics & 13A Politics: Recipe For Unrest (Category: Breaking News)
- NPP & Its Critics (Category: Breaking News)
- Economic Stability With SOE Reforms Need System Change (Category: Breaking News)
Sri Lanka's key inflation rate eased to 35.3% in April from 50.3% in March, the statistics department said on Friday, a sign of relief for the crisis-battered economy.The post Sri Lanka’s key inflation rate eases to 35.3% in April appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
- Sri Lanka unexpectedly cuts rates by 250 bps as inflation eases (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 25.2% in May (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 4% in August (Category: Breaking News)
- Sri Lanka’s April inflation climbs to 2.7%, up from March’s 2.5% (Category: Breaking News)
[…]The post Privatization Of Defence Sector Enterprises For Alleviating Economic Crisis appeared first on Colombo Telegraph.
- The Sale Of National Assets & State Owned Enterprises (Category: Breaking News)
- The JVP & The Tamil People: Change The Party Line Now! (Category: Breaking News)
- The President, IMF & System Change (Category: Breaking News)
- Who Are Primarily Responsible For The Economic Disaster, The Politicians Or The People? (Category: Breaking News)
Sri Lanka's economy is expected to shrink by 2% in 2023, its central bank said in an annual report on Thursday, as the country struggled to emerge from its worst financial crisis in decades.The post Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says appeared first on Sri Lanka
- Sri Lanka economy could shrink by -3.5% to -4%, president says (Category: Breaking News)
- Sajith claims VAT hike will shrink economy (Category: Breaking News)
- Sri Lanka economy to shrink over 8-pct in 2022, inflation may peak below 70-pct: CB chief (Category: Breaking News)
- Sri Lanka fixed wireless users shrink, broadband up (Category: Breaking News)
Sri Lanka is trying to reduce its overall debt by $17 billion through restructuring, its president told the parliament on Wednesday as he sought support of opposition parties for a nearly $3 billion International Monetary Fund (IMF) programme.The post Sri Lanka trying to reduce overall debt by $17 Billion, president says appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
- Sri Lankan President delivers Special Statement in Parliament on current Economic Situation (Category: Breaking News)
- Sri Lanka President says China’s assurances to restructure Sri Lanka’s debt received and forward... (Category: Breaking News)
- Sri Lanka Government hoping to restructure $17 billion foreign debts along with local debts (Category: Breaking News)
- Sri Lanka to present debt restructuring, IMF bailout plans to creditors (Category: Breaking News)
Sri Lanka is caught up in the China-Quad battle. The Indian participation in the ‘Quad’ project has further complicated matters for Sri Lanka. President Gotabaya Rajapaksa’s ouster, last July, following a US-backed protest campaign that overwhelmed the seemingly invincible administration, underlines the urgent need for a thorough examination of external interventions. By Shamindra Ferdinando The [...
- Deferred China ship visit takes place amidst diplomatic row (Category: Breaking News)
- Bid to locate Admiral Zheng’s sunken vessels runs into controversy (Category: Breaking News)
- SJB frowns on Chinese project at Colombo Port, seeks President’s observations (Category: Breaking News)
- Impact of foreign-funded projects on Parliament’s standing as sole sovereign and supreme body (Category: Breaking News)
[…]The post IMF, ATA & RW’s Consolidation appeared first on Colombo Telegraph.
- Anti-Terrorism Act To Prevent System Change (Category: Breaking News)
- A führer In The Making (Category: Breaking News)
- RW, IMF & The Economy (Category: Breaking News)
- RW’s Political Dilemma (Category: Breaking News)
Sri Lanka's National Consumer Price Index (NCPI) (LKNCPI=ECI) eased to 49.2% year-on-year in March, after a 53.6% rise in February, the statistics department said on Friday.The post Sri Lanka consumer inflation dips to 49.2% year-on-year in March appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s consumer inflation eases in May 2023 (Category: Breaking News)
- Sri Lanka’s inflation eases to 2.5% in March 2024 (Category: Breaking News)
- Sri Lanka’s consumer inflation dips to 33.6% in April (Category: Breaking News)
- Food inflation in Sri Lanka drops to 47.6% in March (Category: Breaking News)
Bangladesh has extended the repayment period of the loan it had given to Sri Lanka by six more months as the Island nation continues to struggle to fix its debt crisis, officials say. Earlier, the central bank of Sri Lanka had sought time from Bangladesh to make the first instalment of the $200 million credit […]
- Sri Lanka pays off $200m loan from Bangladesh with $4.5m interest (Category: Breaking News)
- Bangladesh says Sri Lanka paid back another $100m (Category: Breaking News)
- Central Bank of Sri Lanka returns $50m of $200m Bangladesh loan (Category: Breaking News)
- Sri Lanka given more time to repay Bangladesh’s $200 Million loan (Category: Breaking News)
[…]The post IMF Forecasts & Systemic Crisis appeared first on Colombo Telegraph.
- Restructuring The Economy: A Stock Take (Category: Breaking News)
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- IMF’s Concern On Corruption (Category: Breaking News)
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
A committee of Sri Lanka’s international private creditors sent its first debt rework proposal to the country’s authorities regarding over $12 billion in bonds outstanding, according to three sources with direct knowledge of the matter.The post Sri Lanka’s bondholders send debt rework proposal to government appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka bondholders sent $12 billion debt rework proposal to government, sources say (Category: Breaking News)
- Sri Lanka to start restructuring talks with investors next week, Bloomberg News reports (Category: Breaking News)
- Sri Lanka calls for debt-restructuring proposals from dealer managers (Category: Breaking News)
- Analysis: China paves Sri Lanka’s way to IMF funds, but debt talks remain uncertain (Category: Breaking News)
IMF has shown the way and now Sri Lanka has to dig itself out of the mess, says Governor by Sanath Nanayakkare Central Bank Governor Dr. Nandalal Weerasinghe recently said that Sri Lanka needs to build and keep a ‘comfortable level’ of currency reserves in order to maintain the country’s balance-of-payments situation in the event […]
- Info about USD 4.2 bn debt deal with China shared with other creditors – CBSL Chief (Category: Breaking News)
- SJB warns against counting foreign loans as part of forex reserves (Category: Breaking News)
- CBSL chief expresses optimism (Category: Breaking News)
- Lanka to lend US$2.5bn to US and top-rated borrowers in 2023 under IMF deal: analysis (Category: Breaking News)
Japan, India and France are scheduled to hold a press briefing on Thursday (13 April) to announce the launch of the debt restructuring negotiation process on Sri Lanka.The post Japan, India and France to announce Sri Lanka’s debt restructuring negotiation process appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Japan, India and France to announce launch of Sri Lanka s debt restructuring negotiations (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
- China assures commitment towards Sri Lanka’s debt restructuring process (Category: Breaking News)
- India seeks close coordination between Sri Lanka and all creditors (Category: Breaking News)
Sri Lanka’s sovereign lenders have yet to inform the government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the central bank governor told Reuters in an interview on Tuesday.The post Sri Lanka central bank chief says sovereign lenders yet to outline debt talks plans appeared first on Sr...
- Sri Lanka’s sovereign lenders yet to outline debt talks plans (Category: Breaking News)
- Sri Lanka gives China deal details, keeping IMF aid on track (Category: Breaking News)
- No more second chances to stabilize country s economy- CBSL governor (Category: Breaking News)
- Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy (Category: Breaking News)
Sri Lanka’s sovereign lenders have yet to inform the Government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the Central Bank Governor told Reuters in an interview on Tuesday. The island nation aims to formally engage […]
- Sri Lanka to present debt restructuring, IMF bailout plans to creditors (Category: Breaking News)
- Japan seeks to organise Sri Lanka creditors’ meeting on debt crisis (Category: Breaking News)
- Japan, India and France launch Sri Lanka debt re-structuring talks (Category: Breaking News)
- IMF still awaiting adequate assurances on Sri Lanka (Category: Breaking News)
[…]The post Anti-Terrorism Act To Prevent System Change appeared first on Colombo Telegraph.
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- IMF Forecasts & Systemic Crisis (Category: Breaking News)
- Aragalaya, Political Buddhism & Ranilocracy (Category: Breaking News)
- Glocalization Without Financialization (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)
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)
Sri Lankans are hopeful that a new employment scheme with Saudi Arabia will help ease their country’s economic crisis, professionals and labour officials told Arab News, as they expect it to boost the nation’s manpower exports to the Kingdom.The post New employment scheme with Saudi Arabia sparks hope among Sri Lankan workers appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - O...
- NEOM offers Sri Lankan workers ‘lifetime opportunity,’ minister says (Category: Breaking News)
- Sri Lanka looks to attract Saudi investment in tourism, energy (Category: Breaking News)
- Maid torture report reaches Saudi Arabia (Category: Breaking News)
- New employment scheme with Saudi Arabia sparks hope among Sri Lankan workers (Category: Breaking News)
There are three most important priorities for Sri Lanka in the wake of the IMF Programme; implementation, implementation and implementation of the agreed upon benchmarks of the programme. Last thing we need to suddenly find is that we have gone off the track of the programme and it is suspended, Dr. Indrajit Coomaraswamy, Former Governor, Central Bank of Sri Lanka said on Friday.The post Sri Lanka...
- Sri Lanka can t use $1.5 billion China swap on IMF concerns  Dr. Coomaraswamy (Category: Breaking News)
- Ex-central bank chief on main reason for Sri Lanka s socio-economic regression (Category: Breaking News)
- Multilateral lenders will resume lending once IMF program in place - Coomaraswamy (Category: Breaking News)
- Sri Lanka eyes US $ 1.3 Billion from multilateral funding agencies this year (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)
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)
Ambassador Palitha Kohona was invited as the guest speaker at the China International Gem and Jewelry Exhibition in Beijing on March 16 attended by many Chinese dignitaries and specialists in the gem and jewelry field. Those present included former Minister of the Ministry of Geology and Mineral Resources and President of Gems & Jewelry Trade […]
- Sri Lankan gems and jewelry sparkle in the Chinese market (Category: Breaking News)
- Govt.’s lethargy towards gem and jewelry sector seen as costing SL $ 1 billion in for-ex annually (Category: Breaking News)
- 55th Anniversary of Relations between Sri Lanka and China (Category: Breaking News)
- Sri Lanka Gems strengthen its grip in China (Category: Breaking News)
[…]The post Failing Banks, French Turmoil & Sri Lanka’s Contraction & Confusion appeared first on Colombo Telegraph.
- Neither North Nor South, Ranil At Home With The Global Right (Category: Breaking News)
- Aragalaya In Israel, IMF In Sri Lanka (Category: Breaking News)
- RW’s Plea In Paris & Predicament At Home (Category: Breaking News)
- National Reconciliation, Criminal Accommodation & Election Juggling (Category: Breaking News)
India says under its ‘Neighbourhood First’ policy it has always come forward to help debt-ridden Sri Lanka, and in the latest instance New Delhi has distributed rations in Kalmunai. Taking to Twitter, the High Commission of India in Colombo said, “Support by @IndiainSL to needy sections continues!! Glimpses of ration distribution in Kalmunai.” The cash-strapped […]
- Government to unveil domestic debt restructuring strategy this week (Category: Breaking News)
- IMF chief and Ranil discuss restructuring Sri Lanka’s debt (Category: Breaking News)
- US Treasury Secretary speaks to Ranil on IMF deal (Category: Breaking News)
- Haircut for holders of Sri Lanka’s international sovereign bonds (Category: Breaking News)
Sri Lanka will introduce new central bank legislation aimed at bolstering the bank's independence, accountability and also price stability in the country via a new inflation target, its governor Nandalal Weerasinghe said on Thursday.The post Sri Lanka to introduce new central bank law, inflation target appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
- Sri Lanka has made good progress in negotiations with IMF – CBSL chief (Category: Breaking News)
Sri Lanka’s economy shrank 7.8% in 2022 from the previous year, government data showed on Wednesday, as the country struggled with its worst financial crisis in more than seven decades.The post Sri Lanka’s Economy suffers worst contraction in 2022 appeared first on Sri Lanka News
- Sri Lanka’s economy shrinks 11.8% in second-worst performance (Category: Breaking News)
- Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says (Category: Breaking News)
- Sri Lanka’s economy returns to growth, led by agriculture (Category: Breaking News)
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
Sri Lanka s economy shrank 7.8% in 2022 from the previous year, government data showed on Wednesday, as the country struggled with its worst financial crisis in more than seven decades.
Public employees at Sri Lanka's ports, hospitals, schools, and railways went on strike on Wednesday to protest against high costs of living as the country struggles to recover from a severe financial crisis.The post Sri Lanka’s public workers strike to press for lower taxes, power bills appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- 11 office train services cancelled due to strike (Category: Breaking News)
- Train strike called off (Category: Breaking News)
- Army personnel deployed to 32 railway stations in Sri Lanka (Category: Breaking News)
- Two dead after vehicle collides with train in Koggala (Category: Breaking News)
By Shamindra Ferdinando President Ranil Wickremesinghe, who is also the Finance Minister, recently named three persons – all women -whose intervention supposedly brought relief to bankrupt Sri Lanka. UNP leader Wickremesinghe paid glowing tributes to Indian Finance and Corporate Affairs Minister Nirmala Sitharaman, US Secretary of State Janet Yellen, and IMF Managing Director and Chairman [&...
- 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)
- Shocking claim in House: Bandula reveals how sugar importers, their henchmen trapped Prez (Category: Breaking News)
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