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The International Monetary Fund (IMF) says despite early signs of stabilization, full economic recovery in Sri Lanka is not yet assured. Growth momentum remains subdued, with real GDP in the second quarter contracting by 3.1 percent on a year-on-year basis and high-frequency economic indicators continuing to provide mixed signals. Reserve accumulation has also slowed in […]
- Haircut for holders of Sri Lanka’s international sovereign bonds (Category: Breaking News)
- US calls on Sri Lanka to conclude debt restructuring agreements (Category: Breaking News)
- Sri Lanka to receive first tranche of IMF funds in two days (Category: Breaking News)
- IMF chief wants fight against corruption in Sri Lanka to continue (Category: Breaking News)
Some members on the committee of Sri Lanka’s official creditors are pushing to reach a deal to restructure the nation’s debt without the participation of China, Bloomberg News reported on Wednesday citing people familiar with the matter. The members want the group of major creditors, including the US, Japan and India, to sign a memorandum […]
- Paris Club provides financing assurances to IMF on Sri Lanka (Category: Breaking News)
- China in close communication with Sri Lanka on debt restructuring (Category: Breaking News)
- Ceylon Chamber urges China to meet IMF requirements (Category: Breaking News)
- US fears China may use loans to Sri Lanka for coercive leverage (Category: Breaking News)
Former Parliamentarian Mujibur Rahman alleges that the government is working to curtail the democratic rights of the people of the country including the freedom of speech, pretending that it is necessary to stabilize the country and the economy.
The International Monetary Fund (IMF) mission team concluding its visit to Sri Lanka said that despite early signs of stabilization, full economic recovery is not yet assured.The post Despite signs of stabilization, full economic recovery not yet assured – IMF Mission appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
- IMF Staff concludes visit to Sri Lanka and issued official statement (Category: Breaking News)
- Anti-Corruption & Governance reforms are critical – IMF (Category: Breaking News)
- First review of IMF’s Extended Fund Facility for Sri Lanka to commence today (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe left for Germany this morning (September 27) for a four-day state visit.The post Sri Lankan President leaves for Germany appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- USAID Administrator Samantha Power meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
- Sri Lanka President says Cannot change Government by taking to the streets (Category: Breaking News)
- Russian President Vladimir Putin congratulates Sri Lankan President Ranil Wickremesinghe (Category: Breaking News)
- Maldivian Vice President calls on Sri Lanakan President (Category: Breaking News)
President Ranil Wickremesinghe, in his address at the 2023 Commercial Mediation Symposium at Colombo’s Hilton Hotel, emphasized the need for a cultural shift towards efficient dispute resolution in Sri Lanka. He acknowledged the long-standing reliance on trial courts and stressed the importance of embracing alternate dispute resolution methods. Highlighting the government’s commitment, he mentione...
- Media limitations seriously damage country’s people: DRC Chairman (Category: Breaking News)
- Text of impeachment resolution under House consideration (Category: USA, South Dakota)
- Text of impeachment resolution under House consideration (Category: USA, South Dakota)
- Text of impeachment resolution under House consideration (Category: USA, South Dakota)
S&P Global Ratings on Monday (Sept. 25) raised its long- and short-term local currency sovereign credit ratings on Sri Lanka to ‘CCC+/C’ from ‘SD/SD’ (selective default).The post S&P raises Sri Lanka local currency ratings to ‘CCC+/C’, says outlook stable appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka sovereign rating at SD but ISBs downgraded to ‘D’ by S&P (Category: Breaking News)
- S&P downgrades two Sri Lanka sovereign bonds to ‘D’ (Category: Breaking News)
- Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘RD’ (Category: Breaking News)
- S&P lowers Sri Lanka’s sovereign rating to Select Default grade (Category: Breaking News)
[…]The post Legitimacy Deficit Haunts Government appeared first on Colombo Telegraph.
- System Change Happening In Wrong Direction (Category: Breaking News)
- The Missing Ingredients To Come Out Of The Economic Rut (Category: Breaking News)
- President Needs Trust To Succeed In Problem Solving (Category: Breaking News)
- Speeding Up Recovery Requires Consistency (Category: Breaking News)
The reason why the United States sees China as an ever-bigger threat is not just because of its status as the world’s second-largest economy.The post Chinese model breaks U.S. hegemony: former Sri Lankan diplomat appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- SL should follow Indias model of multicultural democracy (Category: Breaking News)
- Clinton calls for Sri Lankan reconciliation (Category: Breaking News)
- Gary Locke sworn in as new U.S. envoy to China (Category: USA, Washington)
- Sri Lanka Plays Geopolitical Games with China, India, and the United States (Category: Breaking News)
By Rathindra Kuruwita President Ranil Wickremesinghe and the representatives of the International Monetary Fund (IMF) will today (26) discuss the progress Sri Lanka has made on its reform programme. This is the final discussion IMF representatives, who are here to review the loan before approving its second tranche, will hold in Sri Lanka. The IMF team arrived on 14 September. The […]
- Minister admits further delay in IMF bailout package (Category: Breaking News)
- IMF approves long-awaited $3 billion bailout for Pakistan (Category: Breaking News)
- We are almost there with IMF bailout – CBSL Governor (Category: Breaking News)
- IMF staff-level agreement not the final, President informs Speaker (Category: Breaking News)
By Shamindra Ferdinando Governor of the Central Bank Dr. Nandalal Weerasinghe yesterday (25) questioned the conduct of some MPs who sought to direct public anger at officials over the economic crisis. Alleging that such an attempt had been made last year in the wake of attacks on politicians’ properties, Dr. Weerasinghe said that problems couldn’t […]
- People benefitting from CBSL governor s decisions- Sabry defends Dr. Weerasinghe (Category: Breaking News)
- Economic situation will worsen if political stability is not established soon  CBSL chief (Category: Breaking News)
- Talks between IMF and Sri Lanka kick off (Category: Breaking News)
- Second DDO possible if targets of current one not achieved  CBSL governor (Category: Breaking News)
Over 200 corporate leaders attended the second Economic Forum sponsored by HSBC recently which was to discuss and share insights into the latest global trends and opportunities emerging for economic growth in Sri Lanka. Frederic Neumann, HSBC’s Chief Asia Economist and Co-Head of Global Research for HSBC Asia along with Aayushi Chaudhary, HSBC Economist for […]
- Belgian companies to invest in Lanka (Category: Breaking News)
- Finance Channel (Category: Business)
- HSBC and Sarvodaya partner to empower women entrepreneurs (Category: Breaking News)
- JICA eager to resume Japan-funded development projects in Sri Lanka - State Minister Semasinghe (Category: Breaking News)
The reason why the United States sees China as an ever-bigger threat is not just because of its status as the world s second-largest economy. It is primarily because China presents an alternative development model distinct from that advocated by the US and its western allies...
[…]The post Target 2048 – Complex Economy System appeared first on Colombo Telegraph.
- Target 2048 – Develop A Knowledge-Based Innovative Economy (Category: Breaking News)
- Bastiat Reborn In Sri Lanka: Will His Philosophy Be Accepted By Sri Lankans? (Category: Breaking News)
- Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off (Category: Breaking News)
- The Covid-19 Crisis & Innovation: Why Intellectual Property Rights Matter (Category: Breaking News)
By N Sathiya Moorthy First, it was former Central Bank Governor Dr Indrajith Kumaraswamy. He was the chosen man of President Ranil Wickremesinghe, the then Prime Minister, for the job after his previous choice from Singapore, Arjuna Mahendran, scooted away in the light of the ‘bonds scam’ expose. The man is yet to be traced, for […]
- Parliament to meet tomorrow to debate State of Emergency (Category: Breaking News)
- Prime Minister urges Muslims to help create a prosperous Sri Lanka (Category: Breaking News)
- Ranil to contest the next Presidential election (Category: Breaking News)
- MPs nominated to National Council (Category: Breaking News)
[…]The post Glocalization Without Financialization appeared first on Colombo Telegraph.
- IMF Forecasts & Systemic Crisis (Category: Breaking News)
- NPP & Its Critics (Category: Breaking News)
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
Sri Lanka has paid off the entirety of USD $200 million loan from Bangladesh, taken through a currency exchange agreement two years ago to survive the severe dollar shortage.The post Sri Lanka pays off $200 million loan from Bangladesh with $4.5 million interest appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka given more time to repay Bangladesh s $200m loan (Category: Breaking News)
- Sri Lanka returns another $100 million to Bangladesh (Category: Breaking News)
- Sri Lanka pays back $50 million to Bangladesh (Category: Breaking News)
- Sri Lanka repays entire $200mn loan from Bangladesh (Category: Breaking News)
by Shihar Aneez State revenue has seen a shortfall of Rs. 100 billion as of now compared to the revenue target agreed with the International Monetary Fund (IMF), State Finance Minister Ranjith Siyambalapitiya said.Tax cuts for political reasons in December 2019 has resulted in a sharp fall in Sri Lanka’s tax revenue to GDP ratio, […]
- 93 percent jump in tax collection in first half of this year (Category: Breaking News)
- Sri Lanka s tax revision helps correct tax revenue expenditure imbalance  IMF Mission (Category: Breaking News)
- Report to be soon out on those who slip through the tax net (Category: Breaking News)
- Only one income taxpayer paying over Rs. 300 mn. a year says Aluthgamage (Category: Breaking News)
Sri Lanka has paid off the entirety of USD $200 million loan from Bangladesh, taken through a currency exchange agreement two years ago to survive the severe dollar shortage. In the last instalment, Sri Lanka paid about $50 million and $4.5 million in interest on the loan on Thursday night, a senior official of Bangladesh […]
- Bangladesh says Sri Lanka paid back another $100m (Category: Breaking News)
- Bangladesh did not expect Sri Lanka to pay back the loan so fast (Category: Breaking News)
- Bangladesh gives Sri Lanka more time to repay $200 million loan (Category: Breaking News)
- Zelenskyy says Ukraine has delivered grain to Sri Lanka (Category: Breaking News)
India and Sri Lanka have had talks on resuming the controversial Economic and Technology Cooperation Agreement (ETCA). According to the President’s Media Division, the chief negotiators of Sri Lanka and India held a virtual meeting to discuss the resumption of the ETCA negotiations. This marks the continuation of talks after 11 previous rounds of negotiations, […]
- India surpasses China as largest lender for Sri Lanka (Category: Breaking News)
- Sri Lanka thanks India for continued support (Category: Breaking News)
- President to visit India for key talks with Modi (Category: Breaking News)
- India concerned over Sri Lanka’s failure to ensure political solution (Category: Breaking News)
[…]The post 117th Birth Anniversary & Long Legacy Of JR Jayewardene appeared first on Colombo Telegraph.
- Presidential Ambition & Abolition Betrayal (Category: Breaking News)
- The World After Mikhail Gorbachev & Sri Lanka After JR Jayewardene (Category: Breaking News)
- “Really Real Manner Of Managing Sri Lanka” – ‘To Paris and Back’ 1977-1990 (JRJ Years) (Category: Breaking News)
- JR Jayewardene And The 20 Amendment (Category: Breaking News)
[…]The post Trump-Ramasamy Ticket GOP’s Best Bet In 2024; US Events Will Affect The Whole World appeared first on Colombo Telegraph.
- Trump Checks-Out Of His Job (Category: Breaking News)
- Trump Checks-Out Of His Job (Category: Breaking News)
- Trump Checks-Out Of His Job (Category: Breaking News)
- Trump Checks-Out Of His Job (Category: Breaking News)
State Minister of Urban Development and Housing Arundika Fernando participating in a press conference held on Friday (22) at the Presidential Media Centre, under the theme ‘Collective Path towards a Stable Country.’ said that the government intends to introduce a new environmental and ocean protection bill which will play a vital role in safeguarding our […]
By Hiran H.Senewiratne The overall business sentiment at the CSE improved yesterday following the Department of Census and Statistics announcement that Sri Lanka’s national inflation rate has come down to 2.1 percent, which at one time moved up close to 70 percent last year, market analysts said. Further, the market also got a boost when […]
- Expolanka Holdings and Lanka IOC contribute to bulk of CSE turnover (Category: Breaking News)
- Shares move from marginally down position in mid-day trade to red territory as day proceeds (Category: Breaking News)
- Some across-the-board sales at CSE following dampening of investor sentiment (Category: Breaking News)
- Prospects brighten for banking sector counters; indices move up (Category: Breaking News)
Sri Lanka has called for reform in multilateral institutions like the UN, particularly the expansion of the Security Council’s composition. President Ranil Wickremesinghe addressed the UN General Assembly in New York yesterday which reflected on the theme of “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges. He mentioned how Sri...
- Sri Lanka President address at the UNGA highlighting Sri Lanka’s journey to rebuild trust and gl... (Category: Breaking News)
- UN offers continued support to Sri Lanka’s reconciliation efforts (Category: Breaking News)
- Sri Lanka tells COP27 to act fast to ensure global food security (Category: Breaking News)
- President Ranil Wickremesinghe’s address at the UNGA: ‘Sri Lanka’s journey to rebuild trust and ... (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe addressed the UN General Assembly in New York yesterday (September 21) which reflected on the theme of “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges.The post Sri Lanka President address at the UNGA highlighting Sri Lanka’s journey to rebuild trust and global solidarity appeared first on ONLANKA - Sri L...
- Sri Lanka calls for reform in multilateral institutions like the UN (Category: Breaking News)
- President Ranil Wickremesinghe’s address at the UNGA: ‘Sri Lanka’s journey to rebuild trust and ... (Category: Breaking News)
- Sri Lanka unveils Climate Prosperity Plan and Climate Justice Forum to tackle climate challenges... (Category: Breaking News)
- Sri Lanka President Ranil Wickremesinghe leaves for UK and France on official visit (Category: Breaking News)
President Ranil Wickremesinghe addressed the UN General Assembly in New York on Thursday (21) on the theme “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges. He mentioned how Sri Lanka faced significant social, economic and political challenges in the past year, including threats to democratic traditions but has managed to […]
- Sri Lanka President address at the UNGA highlighting Sri Lanka’s journey to rebuild trust and gl... (Category: Breaking News)
- Sri Lanka calls for reform in multilateral institutions like the UN (Category: Breaking News)
- Sri Lanka unveils Climate Prosperity Plan and Climate Justice Forum to tackle climate challenges... (Category: Breaking News)
- Sri Lanka hits the nail on the head at UN ECOSOC Financing for Development Forum (Category: Breaking News)
Acting Finance Minister Ranjith Siyambalapitiya during a press conference held today (21) at the Presidential Media Center, focusing on the theme of ‘Collective Path to a Stable Country’ said that over the past year, the government successfully increased the country’s foreign reserves from 1.8 billion dollars to 3.8 billion dollars. He added that in August […]
- Vietnam rises strongly from Covid, keeps inflation down as 77 national day celebrated (Category: Breaking News)
- Sri Lanka could get US$6.0bn from India, talks with Japan: Coomaraswamy (Category: Breaking News)
- Remittances from expat workers rise (Category: Breaking News)
- Rise of the Red Bullionaire (Category: Australia, Queensland)
President Ranil Wickremesinghe, speaking at the Climate Ambition Summit on the sidelines of the UN General Assembly on Wednesday (20), affirmed Sri Lanka’s commitment to the Secretary General’s accelerated climate agenda. He highlighted the importance of tangible climate actions and commended the delegates for their valuable suggestions. President Wickremesinghe drew attention to the significant e...
- President pledges Sri Lanka s dual approach to climate ambition at UN Climate Summit (Category: Breaking News)
- Africa's rainforests 'resilient' (Category: Technology)
- Sri Lanka stands to benefit from President’s visit to the United States- Ruwan Wijewardene (Category: Breaking News)
- Climate reshapes tropical forests (Category: Technology)
… warns that it could potentially damage both investment prospects and freedom of expression SJB MP and Chair of the Committee on Public Finance, Harsha de Silva, on Tuesday (19), criticised the government’s move to introduce the online safety bill, calling it an “archaic and draconian piece of legislation” that violates fundamental principles and represents […]
- Speaker accused of being notorious for suspending Standing Orders (Category: Breaking News)
- IRD all at sea in evaluating casino revenue (Category: Breaking News)
- Controversial Social Security Contribution Bill put off due to resistance from Opposition (Category: Breaking News)
- Harsha sheds light on growing poverty crisis (Category: Breaking News)
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