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IMF staff and the Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the first review of the 48-month EFF-supported programme. Sri Lanka will have access to SDR 254 million (about 330 million U.S Dollars) in financing once the review is approved by the IMF Management and IMF Executive Board. Macroeconomic […]
- IMF review agreement will help Sri Lanka fast-track debt restructuring: state minister (Category: Breaking News)
- Lanka expected to reach agreement with its commercial creditors – IMF (Category: Breaking News)
- IMF reaches staff-level agreement on Second Review of Sri Lanka’s EFF (Category: Breaking News)
- “Strong expectations” of SL soon striking deal with commercial creditors: IMF (Category: Breaking News)
BEIJING, Oct. 20 (Xinhua) ––Chinese President Xi Jinping on Friday met with Sri Lankan President Ranil Wickremesinghe, who is in Beijing for the third Belt and Road Forum for International Cooperation. Noting that Sri Lanka was one of the first countries to join the Belt and Road Initiative, Xi said China stands ready to work […]
- China s President Xi Jinping opens 3rd Belt and Road Forum (Category: Breaking News)
- Chinese Ambassador outlines numerous benefits reaped by Sri Lanka from BRI (Category: Breaking News)
- President Wickremesinghe meets Chinese President Xi Jinping (Category: Breaking News)
- Forbes: Lanka, Pakistan and Maldives among biggest debt burdens to China (Category: Breaking News)
The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.The post IMF wants strong budget, narrower deficit from Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF wants strong budget, narrower deficit from Sri Lanka (Category: Breaking News)
- IMF warns about budget deficit (Category: Breaking News)
- IMF commends Sri Lanka's commitment to reduce budget deficit, change in policy rates (Category: Breaking News)
- Despite deficit, Colombo budget sets more spending (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)
- IMF executive board meeting on June 12 for Sri Lanka’s second review (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)
New pricing formula to be announced today By Shamindra Ferdinando Samagi United Trade Union Force (SUTUF) convener Ananda Palitha yesterday (19) said that the Public Utilities Commission (PUC) and the CEB would announce an increase in power tariffs shortly regardless of a previous decision to restrict the number of electricity revisions to two a year. The CEB […]
- CEB disregarded PUC directive, overcharged poor consumers – activist (Category: Breaking News)
- Opposition unions accuse Prez of being two-faced (Category: Breaking News)
- CEB promises to do away with power cuts after raising tariff (Category: Breaking News)
- Sri Lanka's power authority seeks a tariff revision due to high thermal power generation (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)
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)
Maria Fernanda Garza, the Chair, of the International Chamber of Commerce (ICC), arrived in Sri Lanka today. The ICC, representing 170 countries with a corporate membership of 45 million companies, is the largest and most influential business organisation globally. Her first visit to Sri Lanka will encompass meetings with business and government leaders. Greeting her […]
- Afghanistan to tour Sri Lanka in November (Category: Breaking News)
- Sri Lanka requests to host IPL matches (Category: Breaking News)
- Maria Fernanda Garza, Chair of the International Chamber of Commerce (ICC), to Visit Sri Lanka (Category: Breaking News)
- ICC suspends Sri Lanka Cricket’s membership (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)
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)
Let us set the record straight, officially Retired Rear Admiral Sarath Weerasekera recently declared that in his capacity as Chairman of the Sectoral Oversight Committee on National Security he would present to President Ranil Wickremesinghe a comprehensive report on how the war was conducted. The recent US denial of a visa to Adm. Weerasekera underlines […]
- Prez recalls debilitating Elephant Pass setback at Reid Avenue talk (Category: Breaking News)
- A message from Keith Noyahr at the launch of ‘Notes from the battlefield’ (Category: Breaking News)
- Blind security sector reforms: (Category: Breaking News)
- Vanni war and Israel-Gaza conflict: Funding catastrophes (Category: Breaking News)
President Ranil Wickremesinghe, who is on an official four-day trip to China, led the Sri Lanka delegation to Huawei’s research and development centre in Beijing today (17). President Wickremesinghe stressed the need for Sri Lanka to build a competitive digital and green economy
- Policy Path (Category: Business)
- Confidence Vote (Category: Business)
- Double Deal (Category: Business)
- Second Term (Category: Business)
Chinese tech giant Huawei technologies has expressed its willingness to support an annual study programme aimed at nurturing software and hardware engineers in Sri Lanka.The post Sri Lanka President inked agreement with Huawei company for digitization of Sri Lanka’s schools appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- President Wickremesinghe visits Huawei Company in China (Category: Breaking News)
- Singer Drives Smartphone Revolution With Huawei (Category: Business)
- President visits Huawei s R D center in Beijing; agreement inked for digitization of Sri Lanka s... (Category: Breaking News)
- Huawei launches its largest-ever regional Seeds for the Future Program, inspiring digital talent... (Category: Breaking News)
The United States recognizes Sri Lanka’s right to assert its own aspirations and objectives to be recognized as an equal on the world stage. The U.S. Embassy Colombo, together with the Regional Center for Strategic Studies (RCSS) and the United States Institute of Peace (USIP), brought together scholars from across the Indo-Pacific for the conference […]
- US and Sri Lankan navies to cooperate to address maritime security (Category: Breaking News)
- US asserts will stand with Sri Lanka through this difficult time (Category: Breaking News)
- US Ambassador to India holds talks with Sri Lankan envoy (Category: Breaking News)
- Power to raise human rights issue during Sri Lanka visit (Category: Breaking News)
This week, China is throwing a huge party to celebrate one of its biggest experiments in engaging with the world: its Belt and Road Initiative (BRI). Officials and leaders from all over the globe are in Beijing to attend a high-level summit marking the BRI’s 10th anniversary. Participants expected to show up range from Vladimir […]
- Beijing subway crash leaves 102 with broken bones (Category: Breaking News)
- Biden and Xi Jinping to meet in California (Category: Breaking News)
- Inside the deadly instant loan app scam that blackmails with nudes (Category: Breaking News)
- How India overcame bitter G20 divisions over Ukraine (Category: Breaking News)
[…]The post New Mandates Before New Amendments appeared first on Colombo Telegraph.
- Preparing The Ground For Early Elections (Category: Breaking News)
- Akin To Fiddling When Rome Is Burning (Category: Breaking News)
- President Needs Trust To Succeed In Problem Solving (Category: Breaking News)
- Preparing Or Posturing For Elections? (Category: Breaking News)
By Jehan Perera The interest in the electoral process has suddenly been sparked off by news that the government is contemplating holding a referendum on abolishing the executive presidency. The reported concern is that no candidate at presidential elections to be held next year will achieve the 50 percent mark to win the presidency at […]
- President needs to take up challenge of leaving a legacy (Category: Breaking News)
- Ranil is running out of time and tricks, now it’s time the people had their say (Category: Breaking News)
- New Mandates Before New Amendments (Category: Breaking News)
- Good King Ranil and his options: Keep running or end the Executive Presidency (Category: Breaking News)
Maria Fernanda Garza, the Chair of the International Chamber of Commerce (ICC), is set to visit Sri Lanka in October 2023. The ICC, representing 170 countries with a corporate membership of 45 million companies, is the largest and most influential business organisation globally. Only Chamber to represented in United Nations, WTO and WIPO. Her first […]
- First female ICC chair makes maiden visit to Sri Lanka (Category: Breaking News)
- Chair of the International Chamber of Commerce arrives in Sri Lanka (Category: Breaking News)
- First female Chair of the International Chamber of Commerce (ICC) here (Category: Breaking News)
- The International Chamber of Commerce Sri Lanka, CIMA and Daily FT celebrated Sri Lanka’s Most A... (Category: Breaking News)
WB pledges continuous technical support to the government and the private sector in shaping the 2030 strategy for a digital Sri Lanka.
- White House website switch has a secret message for coders - CNET (Category: Technology)
- White House website switch has a secret message for coders - CNET (Category: Technology)
- White House website switch has a secret message for coders - CNET (Category: Technology)
- White House website switch has a secret message for coders - CNET (Category: Technology)
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)
In a pioneering move to bolster the small and medium-sized enterprise (SME) sector in Sri Lanka, the apex body of the ICT industry, FITIS, has unveiled the ÂDigiGo Digital Playbook for SMEs, the President s Media Division (PMD) said.
Even in a tournament with nine group-stage matches which allows room for a slip up or two, you don’t want to be 0-3 early in the competition. But that’s exactly the situation which will confront one of Australia and Sri Lanka after they face off in Lucknow in what already shapes as a contest to […]
- Bangladesh batting in the spotlight against Australia’s depth (Category: Breaking News)
- Injured Chameera and Hasaranga miss out, Shanaka to lead Sri Lanka at the World Cup (Category: Breaking News)
- Bangladeshi Women’s Cricket Team arrives (Category: Business)
- ICC shifts Men’s Under 19 World Cup from Sri Lanka to South Africa (Category: Breaking News)
[…]The post RW’s Political Dilemma appeared first on Colombo Telegraph.
- Politics Behind A Politician’s Gold (Category: Breaking News)
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- Aragalaya’s Unfinished Business (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
In a pioneering move to bolster the small and medium-sized enterprise (SME) sector in Sri Lanka, the apex body of the ICT industry, FITIS, has unveiled the “DigiGo” Digital Playbook for SMEs. The launch event took place at a press conference recently at the President’s Media Centre, (PMC). Organized by the FITIS Digital Services Chapter, […]
- DigiGo.lk Aims to Enable Over 1 Million SMEs to Go Digital and Drive a USD 15 Billion Digital Ec... (Category: Breaking News)
- Over 1 million SMEs to go digital and drive USD 15 billion digital economy by 2030 (Category: Breaking News)
- Unlocking The Potential Of MSMEs Essential To Sri Lanka’s Post-Covid Economic Recovery – Part II (Category: Breaking News)
- Unlocking The Potential Of MSMEs Essential To Sri Lanka’s Post-Covid Economic Recovery – Part II (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)
Video: Plans afoot to establish Japan-Sri Lanka Free Trade Zone to boost economy (English)
- Video: Cabraal-missile is stronger than Indian Agni-V missile (Category: Video)
- Video: Dambulla Mosque controversy could have been solved peacefully (Category: Video)
- Video: Sajith issuing misleading statements - Tissa (Category: Video)
- Video: No need for permission - Sajith (Category: Video)
State Minister of Investment Promotion Dilum Amunugama on Friday (Oct. 13) announced plans to establish a Japan-Sri Lanka Free Trade Zone here.
The Ad Hoc Group of Bondholders of Sri Lanka has taken note of the progress Sri Lanka has made with its official sector creditors towards reaching an agreement in principle on a debt treatment within the framework of its IMF Programme. Consistent with the Group’s February 3, 2023 statement of financing assurances, and in line with the objectives which have been […]
- Sri Lankan activist Rosanna Flamer-Caldera on 2024 TIME100 list (Category: Breaking News)
- IMF says Sri Lanka on path to receive second tranche (Category: Breaking News)
- Debt restructuring to be completed before polls (Category: Breaking News)
- Ranil assures to protect rights of children and elderly (Category: Breaking News)
Minister of State for Investment Promotion Dilum Amunugama, announced plans to establish a Japan-Sri Lanka Free Trade Zone in the country. He mentioned that the areas of Bingiriya and Iranavila have been selected for this purpose. The minister made this announcement during a news conference at the Presidential Media Centre, held under the theme ‘ Collective path to a stable country’.
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