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Sri Lanka's in-principle pact with creditor nations to restructure its debt prepares the way for the International Monetary Fund (IMF) to consider clearing the first review of a bailout next month, the global lender said on Thursday.The post IMF says Sri Lanka debt deal could help board clear first bailout review appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s second review of $2.9 billion IMF bailout possible in first half of 2024 – official (Category: Breaking News)
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF board approves first review of Sri Lanka’s nearly $3 billion bailout (Category: Breaking News)
- There is “strong expectation” of Sri Lanka commercial creditor deal: IMF (Category: Breaking News)
Sri Lanka needs $100 billion to become a net zero emitter by 2040, President Ranil Wickremesinghe said on Tuesday, as the island also attempts to build climate change resilience while navigating its worst financial crisis in decades.The post Sri Lanka needs $100 billion to become net zero emitter by 2040, president says appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka needs $100 billion to become net zero emitter by 2040, president says (Category: Breaking News)
- Govt. allocates 600 acres for proposed International Climate Change University (Category: Breaking News)
- President Calls for Unified Environment, Climate Change Law at Sri Lanka Climate Summit (Category: Breaking News)
- President Wickremesinghe warns of climate crisis and unveils ambitious plans (Category: Breaking News)
SLPP leader Mahinda Rajapaksa yesterday (28) hit back at critics, claiming that a robust economy had been built under his presidency. He said the UNP-SLFP government which ruled the country during the 2015-2019 period should be held responsible for the current economic crisis. The following
- Sri Lanka Shippers’ Council perturbed by rescinding of Gazette No. 2014/10 of Oct. 2017 (Category: Breaking News)
- The Origins Of Sri Lanka’s Economic Crisis (Category: Breaking News)
- Ceylon Chamber identifies opportunities in Brazil during FIFA 2014 and Olympics 2016 (Category: Business)
- Expo 2014 coming next (Category: Business)
[…]The post The Origins Of Sri Lanka’s Economic Crisis appeared first on Colombo Telegraph.
- Video: Out & About 14th August 2014 (Category: Video)
- Video: Out & About 2014 09 04 (Category: Video)
- Video: 240714glasgow 2014 (Category: Video)
- Video: Today 21st November 2014 (Category: Video)
[…]The post SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future appeared first on Colombo Telegraph.
- IMF Bailout Conditions Plus New Central Bank Act Will Close Doors To Modern Monetary Theory (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
- Budget 2023: A Depth Or Dearth (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
Monday 27th November, 2023 The SJB has commenced collecting signatures for a public petition as part of a campaign to have those who are responsible for the current economic crisis stripped of their civic rights. Given public resentment, which is palpable, the SJB may be able to obtain hundreds of thousands of signatures for its […]
- SJB blames Rajapaksas for impending financial burden on public, calls for Government change (Category: Breaking News)
- Reveal plans, uphold transparency (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
- Response to economic revival plan pathetic: Harsha disappointed (Category: Breaking News)
By Amal JAYASINGHE Malé (Maldives) AFP: Rising sea levels threaten to swamp the Maldives and the Indian Ocean archipelago is already out of drinking water, but the new president says he has scrapped plans to relocate citizens. Instead, President Mohamed Muizzu promises the low-lying nation will beat back the waves through ambitious land reclamation and building […]
- President Ranil congratulates new Maldivian counterpart on inauguration (Category: Breaking News)
- President Ranil meets new Maldivian counterpart, discusses ways to boost bilateral ties (Category: Breaking News)
- President Muizzu is leading the Maldives down a path of corruption and bankruptcy (Category: Breaking News)
- Maldives: Bridge gender gaps to accelerate progress, say UN experts (Category: Breaking News)
(Excerpted from the memoirs of Lalith de Mel) He returned to a Sri Lanka going through a difficult phase due to the JVP uprising. There were curfews and a sense of fear in the air. His predecessor in Sri Lanka had a young family and was glad to get away from the chaos that prevailed […]
- Driving marketing in the boardroom (Category: Business)
- Corporate governance and its importance (Category: Business)
- The PULL Forum with Keith Chamber is a must for marketers (Category: Business)
- Challenge before Sri Lanka Medical Association (Category: Breaking News)
Supermarket manager Laknath Dias says the economic crisis in his native Sri Lanka is too much for him to bear. He is getting ready to fly to Israel in December to work as a farmhand for nearly 10 times the pay, despite the war with Hamas.The post Thousands of Sri Lankan workers set to depart for Israel despite war appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka signs agreement to send workers to Israel (Category: Breaking News)
- Detained Sri Lankan women in Israel to be sent back to Jordan (Category: Breaking News)
- Israel’s Sri Lankans will be evacuated if needed – Minister (Category: Breaking News)
- Missing Sri Lankan woman in Israel confirmed dead (Category: Breaking News)
Minister Nanayakkara emphasized that retaining land, a crucial factor of production, improperly under government control contradicts the constitution. He highlighted that President Ranil Wickremesinghe has rectified this issue through the 2024 budget proposals.
Minister of Labour and Foreign Employment Manusha Nanayakkara at a press briefing convened today (17), at the Presidential Media Centre (PMC), under the theme ‘One Way to a Stable Country’ said that incumbent President Ranil Wickremesinghe will contest the next Presidential Election as a common candidate. He reiterated that President Wickremesinghe accepted the challenge to […]
- Kamala Harris' VP win is huge for HBCUs, Tougaloo president says (Category: USA, Mississippi)
- Shribman: Gorman, summoned to participate, is celebrated (Category: USA, Massachusetts)
- Shribman: Gorman, summoned to participate, is celebrated (Category: USA, Massachusetts)
- Shribman: Gorman, summoned to participate, is celebrated (Category: USA, Massachusetts)
The Chartered Institute of Logistics and Transport Sri Lanka (CILT Sri Lanka) will hold their CILT International Conference 2023, an event that brings together the best minds and practices in the field of logistics and transportation on 24th November, at the Balmoral, Kingsbury Hotel Colombo. The Main Sponsor for this year’s conference is Haulmatic Technologies, […]
- Professorial Points? (Category: Business)
- Sri Lanka keen to import ethanol from India (Category: Breaking News)
- Advantis Projects speeds ahead with the delivery of Sri Lanka’s largest Tunnel Boring Machines (Category: Breaking News)
- Advantis and Cordelia Cruises unite to unleash the ultimate cruising experience in Sri Lanka (Category: Breaking News)
By Shamindra Ferdinando Foreign Minister Ali Sabry, PC, yesterday said that Parliament like other institutions should bear responsibility for the unprecedented economic crisis caused during President Gotabaya Rajapaksa’s administration. Minister Sabry said so when The Island sought his response as regards the responsibility of Parliament for the developing situation against the backdrop of the cou...
- Crisis: Sabry faults ‘handful of persons’ but won’t accept charge of economic crimes (Category: Breaking News)
- Sabry questions insistence of interested parties to cremate bodies of Covid-19 victims (Category: Breaking News)
- ‘War crimes’: Not only individuals but also entire fighting divisions ‘blacklisted’ – Foreign Mi... (Category: Breaking News)
- Kanchana’s warning to restrict fuel supplies irrelevant, all imports already disrupted-SJB (Category: Breaking News)
By Rathindra Kuruwita Historically, Sri Lankan governments have failed to reduce the budget deficit, SJB MP Eran Wickramaratne says. Sri Lankan governments have consistently looked at maximising revenue but paid minimal attention to curtailing expenditure, MP Wickramaratne has said. Even the International Monetary Fund (IMF) had not factored in state expenditures when the latest bailout […]
- Eran questions whether country needs so many ministers (Category: Breaking News)
- NPP MP Herath quits PSC appointed to probe causes of bankruptcy (Category: Breaking News)
- Revenue raising measures insufficient to recover SL s financial crisis  SJB (Category: Breaking News)
- Govt. should not deviate from agenda of national needs in discussions to find solutions to crise... (Category: Breaking News)
Sri Lanka's consumer price inflation rose to 1% in October year-on-year from 0.8% in September, the statistics department said on Tuesday.The post Sri Lankan inflation rises to 1% in October appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- CCPI based inflation drops to 66% in October (Category: Breaking News)
- Sri Lanka’s inflation slows down to 70.6% in October 2022 (Category: Breaking News)
- Sri Lanka’s inflation climbed to 60.8% in July – CCPI (Category: Breaking News)
By C. A. Chandraprema The judgement delivered by a divided five-member bench of the Supreme Court with regard to two fundamental rights cases numbered 195/2022 and 212/2022 filed by several individuals including Mahim Mendis, Chandra Jayaratne, Julian Bolling and the NGO Transparency International has stirred up a political storm. The majority judgment was delivered by […]
- Is Speaker’s announcement consistent with SC determination? (Category: Breaking News)
- SC ruling on economic crisis: Parliament also responsible, says Foreign Minister (Category: Breaking News)
- Economic way forward; corruption; stunning SC ruling (Category: Breaking News)
- SC ruling on economic meltdown: Lacille wants wrongdoers appropriately dealt with (Category: Breaking News)
by Ahilan Kadirgamar Sri Lanka is going through its worst economic crisis since the 1930s, and the stabilisation policies of the Government could drastically change the political economic landscape of the country. Amidst these changes underway, education more broadly and the university system in particular, have come under considerable strain. In this column, I analyse […]
- Say no to NEPF! Say no to abolishing free education! (Category: Breaking News)
- Universities in crisis: Key learnings (Category: Business)
- The Long March To Nowhere (Category: Breaking News)
- Navigating challenges of dental education in Sri Lanka (Category: Breaking News)
Budget 2024 is like a fairy tale rather than a pragmatic solution to pressing economic issues, SLPP MP Dr. Nalaka Godahewa has said. Taking part in the current budget debate, former State Minister said: “Two paramount challenges loom large—the persistent economic contraction and the escalating national debt. A practical budget should provide answers to these […]
- Eran proposes raising PAYE threshold to Rs 200,000 a month (Category: Breaking News)
- A high-wire act (Category: Breaking News)
- Godahewa says President by his erratic behavior has become misfit to run country (Category: Breaking News)
- Sri Lanka balances polls and crisis recovery in 2024 budget deliberations - report (Category: Breaking News)
[…]The post Target 2048 Requires Sri Lanka To Develop A Viable Creative Capital Base appeared first on Colombo Telegraph.
- Target 2048 – Growth Lab Experiment Should Be Converted From A Mere Wish To Ground Level Reality (Category: Breaking News)
- Target 2048 – Go For Creative Capital And Not For Mere Human Capital (Category: Breaking News)
- Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off (Category: Breaking News)
- Crisis-Hit Sri Lanka Economy (Category: Breaking News)
[…]The post Still, The Mirage appeared first on Colombo Telegraph.
- Pyromaniacs On The March (Category: Breaking News)
- The Smell Of Terror (Category: Breaking News)
- Shades Of An Undead Past (Category: Breaking News)
- Conspiracy There Was, In Enthroning Gota; Not In Dethroning Him! (Category: Breaking News)
Macksons Tiles Lanka (Macktiles), Sri Lanka’s largest tile manufacturer, is positive about the Sri Lankan economy and believes this is the time to uplift local industries. “We always believed that there is victory in adversity and this is the time we must show our commitment by doing
- Global Fashion Infrastructure Platform PDS eyes further expansion in Sri Lanka’s Apparel Industry (Category: Breaking News)
- Macktiles Lanka opens 33rd showroom in Pitakotte (Category: Breaking News)
- Bairaha lights up Children’s Day 2023 with festivity and kindness (Category: Breaking News)
- Pintanna Plantations Unveils the First-Ever Wallapatta Museum (Category: Breaking News)
[…]The post Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Realities appeared first on Colombo Telegraph.
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- A French Spring Amid IMF Mission Creep: Ranil Tangoes In Paris As Macron Pivots To BRICS (Category: Breaking News)
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
Sri Lanka expects to receive the second installment of the loan provided under the Extended Fund Facility (EFF) of the International Monetary Fund (IMF) in December, 2023.The post Sri Lanka expects second tranche of IMF loan in December appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- IMF Executive Board considers Sri Lanka’s loan facility for approval today (March 20) (Category: Breaking News)
- Exclusive: Sri Lanka expects up to $8 billion more in loans, asset restructuring (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
[…]The post Restoring The Dignity Of Sri Lankan Cricketers appeared first on Colombo Telegraph.
- Cricketing Woes: A Needed Return To Glory From Doldrums (Category: Breaking News)
- Glory Days Predicted For SLC (Category: Breaking News)
- Arjuna calls for selectors to be sacked (Category: Breaking News)
- Sri Lankan Cricket – An Observer Perspective (Category: Breaking News)
Sri Lankan government had shared the details and the conditions of the 4.2 billion dollar debt deal with China with other creditors, Governor of the Central Bank Dr. Nandalal Weerasinghe told Bloomberg.Governor Weerasinghe expressed optimism about restructuring Sri Lanka’s debt through the official creditors committee, aiming to secure IMF support for a 330 million dollar […]
- Debt restructuring strategy out in April (Category: Breaking News)
- Sri Lanka expecting financial assurances from bilateral creditors after Friday (Category: Breaking News)
- No more second chances to stabilize country s economy- CBSL governor (Category: Breaking News)
- U.S. says fairness in Sri Lanka s debt restructuring process imperative (Category: Breaking News)
Sri Lanka’s central bank chief said the government has shared the terms of a $4.2 billion China debt deal with other creditors a key sticking point with countries like India paving the way for more loans from the International Monetary Fund.The post Sri Lanka gives China deal details, keeping IMF aid on track appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF to visit Sri Lanka in late August for staff-level agreement – Central Bank Governor (Category: Breaking News)
- Sri Lanka to officially present IMF deal, debt restructuring plans to creditors tomorrow (Category: Breaking News)
- Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy (Category: Breaking News)
- Sri Lanka central bank chief says sovereign lenders yet to outline debt talks plans (Category: Breaking News)
A heightened emphasis on lending has seen the Commercial Bank Group increase gross loans and advances by Rs 51.404 billion in the third quarter of 2023 at a monthly average of Rs 17.135 billion, growing its loan book by 4.33% over three months to Rs 1.239 trillion and reversing the trend of the first half […]
- Sampath Bank posts steady results for First Quarter of 2024 (Category: Breaking News)
- ComBank stays on growth trajectory in 2023 with notable Q4 performance (Category: Breaking News)
- CBSL raises over Rs. 127 billion in treasury bond action (Category: Breaking News)
- CBSL raises over Rs. 142 Bn through Treasury Bond auction today (Category: Breaking News)
Sri Lanka's State Minister of Finance, Shehan Semasinghe says the anticipated economic growth for the year 2024 is projected at 1.8%.The post Sri Lanka expects 1.8% Economic growth in 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
- Sri Lanka begins crucial debt restructuring talks with China (Category: Breaking News)
- Cabinet nod to provide rice to 2 million low-income families (Category: Breaking News)
- Sri Lanka ranks 64 on Global Hunger Index 2022 (Category: Breaking News)
[…]The post On “Reaching For The Stars” & Some Troubling Issues appeared first on Colombo Telegraph.
- Plans, Teams & Mis-Steps (Category: Breaking News)
- Responsible Investment Of Borrowed Money; Could This Be A Way Forward? (Category: Breaking News)
- Release Of Port City Tripartite Agreement Will Disclose What Sri Lankan Citizens Have Lost (Category: Breaking News)
- Financial Crisis As Seen By A Non-Economist (Category: Breaking News)
[…]The post Postponing Elections & Inviting The Dragon: Sri Lankan President’s China Tilt appeared first on Colombo Telegraph.
- Modi’s Wolf Worrier Diplomacy Opens A Window For China In South Asia (Category: Breaking News)
- Rise Of Ultranationalism & Elections, Tamil Nationalism & Resurrection Of LTTE Ideology In Sri L... (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- The Influence Of Sirima Bandaranaike & Ranil Wickremesinghe On The Foreign Policy Of Sri Lanka (Category: Breaking News)
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