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As a large creditor to Sri Lanka, China is welcome to join the effort steered by Japan, India and France to help the island nation cope with its debt distress, India’s Finance Minister Nirmala Sitharaman said on Saturday.The post Along with Japan and India, China can join debt relief effort for Sri Lanka – Nirmala Sitharaman appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top ...
- Along with Japan and India, China can join debt relief effort for Sri Lanka- Nirmala Sitharaman (Category: Breaking News)
- India says China can join debt relief effort for Sri Lanka (Category: Breaking News)
- Sitharaman asks China to join Japan, India and France in their effort to help Lanka (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
As a large creditor to Sri Lanka, China is welcome to join the effort steered by Japan, India and France to help the island nation cope with its debt distress, Finance Minister Nirmala Sitharaman said. She also called upon the International Monetary Fund (IMF) and the World Bank to speed up relief
- Sri Lanka hopeful of completing debt restructuring in six months (Category: Breaking News)
- US expects Sri Lanka’s debt treatment to be finalised soon (Category: Breaking News)
- Sri Lanka participates in global sovereign debt roundtable meeting (Category: Breaking News)
- Sri Lanka’s debt repayments to be suspended until 2028 (Category: Breaking News)
Minister of Foreign Affairs of Japan, HAYASHI Yoshimasa is to hold crucial discussions during an official visit to Sri Lanka from 28-29 July 2023. During the visit, the Japanese Foreign Minister is scheduled to have official discussions with Minister of Foreign Affairs Ali Sabry at the Ministry and pay courtesy calls on President Ranil Wickremesinghe […]
- Japanese Foreign Minister in Sri Lanka on crucial visit (Category: Breaking News)
- Japan wants Sri Lanka’s creditors to participate on comparable terms (Category: Breaking News)
- Japanese foreign minister to arrive in Sri Lanka tonight (Category: Breaking News)
- Crisis-hit Sri Lanka invites Japan to resume investment (Category: Breaking News)
By Rathindra Kuruwita Annual elephant deaths have increased fourfold by this year, compared to 1969, according to official data, environmentalists say. Sajeewa Chamikara of the Movement for Land and Agricultural Reform (MONLAR) has said the number of elephants killed in the 19 years from 1951 to 1969 was 1,163. This works out to about 61 […]
- MONLAR lashes out at Wildlife Dept. for failure to protect elephants (Category: Breaking News)
- So-called experts blind to what is exacerbating human-elephant conflict (Category: Breaking News)
- Environmentalists: All official statistics on elephants bogus (Category: Breaking News)
- Elephantine battle erupts over counting of jumbos (Category: Breaking News)
Sri Lanka's parliament on Thursday (July 20) approved a new law to improve the independence of the country's central bank, the deputy speaker said, as part of reforms linked to a $2.9 billion International Monetary Fund bailout package.The post Sri Lanka parliament approves bill to boost central
- Central Bank’s ability to print money limited under new Act (Category: Breaking News)
- ''Central Bank of Sri Lanka '' Bill to provide administrative and financial independence to the ... (Category: Breaking News)
- Cabinet approval granted for new Central Bank of Sri Lanka draft bill (Category: Breaking News)
- Hit Wicket (Category: Business)
There is bad news for Beijing from Colombo. President of Sri Lanka Ranil Wickremesinghe has announced that his government will not allow the island nation to be used as a base for threats against India. He has also emphasized that Sri Lanka is a neutral country and has no military agreements with China. In an […]
- Sri Lanka virtually let down by China in securing a $2.9 billion IMF loan in December (Category: Breaking News)
- Sri Lanka to resume debt restructuring talks with China (Category: Breaking News)
- Sri Lanka should prevent Chinese vessel from reaching Hambantota port (Category: Breaking News)
- President urges China to change tune on debt (Category: Breaking News)
In response to a severe debt crisis, the Sri Lankan government is taking prompt action to address the situation. One of the key measures being taken is the expediting of Free Trade Agreement (FTA) negotiations with China. Alongside this, Sri Lanka has expressed a strong interest in joining the Regional Comprehensive Economic Partnership (RCEP), which […]
- Sri Lanka possibly joining RCEP trade deal: ASEAN (Category: Breaking News)
- Sri Lanka to bag yet another ASEAN MoU (Category: Business)
- ASEAN appreciates efforts taken by Sri Lanka (Category: Breaking News)
- ASEAN, China, other partners sign world's biggest trade pact (Category: USA, South Dakota)
Some key announcements regarding stronger economic and commercial ties were expected to be made during President Ranil Wickremesinghe’s two-day visit to New Delhi, authoritative sources said. President Wickremesinghe left for New Delhi yesterday (20).India’s economic strengths and technological advancements coupled with Sri Lanka’s recovery process lay a strong foundation for forging stronger econ...
- President at Economic Summit 23 underscores need for radical economic restructuring (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- Sri Lanka needs strong new economic system, not reforms - President (Category: Breaking News)
- Heed people’s call for new political model (Category: Breaking News)
Sri Lanka stands a strong chance of passing the first review of its $3 billion bailout given falling interest rates and a build-up of foreign reserves, according to the nation s representative on the International Monetary Fund executive board.
At first glance, life in Sri Lanka's financial capital Colombo looks deceptively normal.The post Is the worst over for Sri Lanka’s economic crisis? appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- USAID Administrator Samantha Power arrives in Sri Lanka (Category: Breaking News)
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka hit by record brain drain, but some stay to rebuild (Category: Breaking News)
to the country’s agreement with the International Monetary Fund (IMF). “You have played the role of ...
- Sri Lanka President calls Pakistan PM, extends sympathy over flood devastation (Category: Breaking News)
- Pakistan s ex-PM Nawaz Sharif declares victory in national elections (Category: Breaking News)
- Pakistan parliament dissolved to pave way for national election (Category: Breaking News)
- Pakistani PM thanks Sri Lanka President for support over IMF deal (Category: Breaking News)
U.S. Treasury Secretary Janet Yellen said on Sunday she was "eager" to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered.The post Yellen ‘eager’ to work with China on debt, other global challenges appeared first on ONLANKA - Sri Lanka Latest...
- 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 1 June (Category: Breaking News)
- Janet Yellen warns US could run out of cash by June 1 (Category: Breaking News)
At a press conference before a meeting of Group of 20 finance ministers and central bankers in India, U.S. Treasury Secretary Janet Yellen said she hoped debt treatments for Sri Lanka and Ghana could be finalised quickly so the International Monetary Fund (IMF) could move forward with initial loan
By Sanath Nanayakkare The government has decided to allow the importation of all goods except for motor vehicles from the first week of September, and it is going to consider how it would gradually ease the ban on vehicle imports according to a ‘strategic plan’. It is said that as a start, the government’s focus […]
- Vehicle import ban: traders want to be consulted in decision-making (Category: Breaking News)
- Vehicle import restrictions to be lifted only after thorough analysis - state minister (Category: Breaking News)
- Restrictions on vehicle imports to be relaxed by next year  Semasinghe (Category: Breaking News)
- Import levies on several items increased; prices to go up (Category: Breaking News)
Debt restructuring is making progress in countries outside of the G20 common framework, such as Sri Lanka, the International Monetary Fund (IMF) says.The post Debt restructuring making progress in countries such as Sri Lanka – IMF appeared first on ONLANKA - Sri Lanka Latest Breaking News
- Debt restructuring making progress in countries outside G20 framework - IMF (Category: Breaking News)
- China tells IMF willing to take constructive part in debt talks (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- Sri Lanka confident of meeting conditions for IMF funding soon – report (Category: Breaking News)
Debt restructuring is making progress in countries outside of the G20 common framework, such as Sri Lanka, the International Monetary Fund (IMF) says.
[…]The post The Caste Based Culture Is Still The Key Obstacle For Development In Sri Lanka appeared first on Colombo Telegraph.
- Beneath The Skin Deep Liberalism Lies Cancerous Caste Prejudices (Category: Breaking News)
- A Few Reflections On The Sri Lanka’s Independence Day (Category: Breaking News)
- The Arrest Of Tharindu Uduwaragedara – Larger Questions (Category: Breaking News)
- Caste Is Alive & Well In Jaffna: Nayanmarkattu Hospital Perspective (Category: Breaking News)
The International Monetary Fund (IMF) has not discussed any plans for a digital services tax with the Sri Lankan authorities in the current program, the IMF said. An IMF spokesperson also said that the IMF has not provided any recommendation on whether or not Sri Lanka should sign on to the OECD
- China’s offer not sufficient for IMF deal (Category: Breaking News)
- Sri Lanka confident of IMF deal in first quarter of 2023 (Category: Breaking News)
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
- IMF begins talks in Sri Lanka in attempt to reach deal (Category: Breaking News)
The International Monetary Fund (IMF) says it has not discussed any plans for a digital services tax with the Sri Lankan authorities in the current program.The post IMF refutes reports on its advice to digital service tax in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News
- Sri Lanka’s tax revision helps correct tax revenue & expenditure imbalance – IMF (Category: Breaking News)
- No talks with Sri Lankan officials on digital services tax - IMF (Category: Breaking News)
- IMF insists no talks with Sri Lanka on digital services tax (Category: Breaking News)
- IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes (Category: Breaking News)
The International Monetary Fund (IMF) says it has not discussed any plans for a digital services tax with the Sri Lankan authorities in the current program.
There were about 105,000 registered limited liability companies in the country, but 82 percent of the tax revenue came from only 382 such firms, Chair of the Sectoral Oversight Committee on National Economic and Physical Plans Mahindananda Aluthgamage said. Referring to personnel income tax files, Aluthgamage said that though there were 500,000 personal income tax […]
- Mahindananda calls for dedicated unit to oversee institutions responsible for generating tax rev... (Category: Breaking News)
- COPA: Rs 900 bn yet to be collected in taxes, penalties and interest (Category: Breaking News)
- Mahindananda Aluthgamage calls for tax revenue boost and overhaul of collection system (Category: Breaking News)
- IRD collects nearly Rs. 700 bn in tax revenue in first half of 2023 (Category: Breaking News)
India is seeking a “positive transformation” in its ties with Sri Lanka, Foreign Secretary Vinay Kwatra said, following a meeting with President Ranil Wickremesinghe in Colombo on Tuesday (July 11).The post India seeks ‘positive transformation’ in bilateral ties during Sri Lanka President’s upcoming visit appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Indian seeks positive transformation in bilateral ties during SL president s upcoming visit (Category: Breaking News)
- Indian Foreign Secretary calls on Sri Lankan President PM (Category: Breaking News)
- Indian Foreign Secretary meets the President (Category: Breaking News)
- Indian Foreign Secretary meets with Sri Lankan President (Category: Breaking News)
[…]The post Domestic Debt Restructuring: An Episode In Capital’s Attack On Working People appeared first on Colombo Telegraph.
- Involuntary & Inequitable DDO (Category: Breaking News)
- Central Bank informs EPF members: “decided to opt for” DDO (Category: Breaking News)
- Governance issues, etc., will have to be sorted out to avert further debt restructuring: Verité ... (Category: Breaking News)
- The Misunderstood Taxation Of EPF & Other Superannuation Funds (Category: Breaking News)
As Sri Lanka embarks on debt restructuring negotiations with key lenders in parallel to the International Monetary Fund (IMF) initiatives, it is useful to consider China’s importance as one of Sri Lanka’s top lenders. China has so far not joined the common platform of negotiators on Sri Lanka’s
- Sri Lanka completes debt restructuring talks with Japan (Category: Breaking News)
- Sri Lanka has miles to go for IMF debt relief and salvaging the payments crisis (Category: Breaking News)
- Some creditors want to restructure Sri Lanka’s debt without China (Category: Breaking News)
- President urges China to change tune on debt (Category: Breaking News)
Udeni Kaluthantri, a 54-year-old port worker, became an overnight sensation last year for reasons that had nothing to do with his job. Days after protesters stormed the presidential palace in the Sri Lankan capital Colombo, a video surfaced of Mr Kaluthantri lounging on a bed draped with the presidential flag. Pictures of young men jumping […]
- Brazil’s President vows to punish rioters who stormed Congress (Category: Breaking News)
- Mass arrests in Brazil as President condemns ‘terrorist’ riots (Category: Breaking News)
- Pakistan’s Supreme Court rules Imran Khan arrest was illegal (Category: Breaking News)
- A divided Japan bids farewell to its slain ex-PM (Category: Breaking News)
By NESHELLA PERERA ECONOMYNEXT –Sri Lankan citizens aged more than 18 years will have to open tax files because they chose the country’s leaders by voting, which influence country’s policies, State Minister of Higher Education Minister Suren Raghavan said. After the sovereign debt crisis hit island nation signed a $3 billion deal with the International Monetary […]
- VAT 18% from next year (Category: Breaking News)
- State Minister clarifies concerns on recent gazette for IRD registration (Category: Breaking News)
- One-month grace period for acquiring property without opening tax files (Category: Breaking News)
- New property tax to be introduced in 2025 (Category: Breaking News)
By SHIHAR ANEEZ ECONOMYNEXT –Sri Lanka will discuss its bilateral debt restructuring process separately with China, but Beijing will be treated equally as the other bilateral lenders, the island nation’s Foreign Minister Ali Sabry said. Sri Lanka has already started negotiations with its bilateral lenders through Paris Club members and non-Paris Club members. China, however, has […]
- China asked to share debt terms to facilitate overall process (Category: Breaking News)
- Lanka debt talks with India, China, Japan helped by investment projects: President (Category: Breaking News)
- Paris Club OK but ‘adequate assurances’ yet needed from others: IMF (Category: Breaking News)
- President reveals talks with Country’s private creditors on outstanding debt (Category: Breaking News)
By Amal JAYASINGHE The snaking queues for food and fuel that crisscrossed Sri Lanka last year have given way to a different kind of line — people scrambling for travel documents to flee their bankrupt island. “What we see as normalcy is a mirage,” customer care executive Gayan Jayewardena, 43, told AFP while queueing at […]
- Prez offers to convert N’Eliya Post Office into a hotel (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
- Mo Farah says his final 26.2-mile race will ‘be emotional’ (Category: Breaking News)
- Covid-19: Public not keen to receive booster jab – Doc (Category: Breaking News)
The man charged with clawing Sri Lanka out of bankruptcy says he had warned about economic calamity years before it hit and was pressed into retirement for his troubles.The post ‘No second chance’ to save Sri Lanka, central banker warns appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- CBSL Governor refuses to resign over pay hike issue (Category: Breaking News)
- CBSL chief s special statement on domestic debt restructuring process (Category: Breaking News)
- Sri Lanka’s Central Bank Governor asks critics to provide alternatives (Category: Breaking News)
- Sri Lanka faces shutdown without stable govt- CBSL governor warns (Category: Breaking News)
India plans to allow Sri Lanka up to 12 years to repay its debt to help ease the financial burden on the island nation, India’s Export Credit Guarantee Corporation (ECGC) Ltd’s chairman-cum-managing director M. Senthilnathan said.The post India to allow Sri Lanka to repay debt over 12 years appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka given more time to repay Bangladesh’s $200 Million loan (Category: Breaking News)
- Sri Lanka trying to reduce overall debt by $17 Billion, president says (Category: Breaking News)
- India to allow Sri Lanka to repay debt over 12 years (Category: Breaking News)
- China’s EXIM bank offers Sri Lanka debt extension – report (Category: Breaking News)
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