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Shares have been on the rise mainly on positive sentiment after the IMF comments.
Market sees over 600 million rupees of net foreign inflow
The program aims to provide fertilisers up to 1 million farmers
Market saw net foreign outflow for the 1st time in 16 straight sessions.
(PTI) The IMF chief Kristalina Georgieva yesterday (4) said she is pleased the Washington-based lender and the Sri Lankan government have reached a staff-level agreement to provide about $2.9 billion to help the bankrupt country, terming the deal as an “important step forward.” The International Monetary Fund (IMF) on Thursday announced that it will provide […]
"Investors expect the economy to recover sooner than later."
The country is yet to see the impacts of economic crisis easing.
The main All Share Price Index (ASPI) fell 0.66%
[…]The post A Generational Shift To Face The Crisis In Sri Lanka appeared first on Colombo Telegraph.
[…]The post Saying No To Authoritarian Governance appeared first on Colombo Telegraph.
Stocks fell in the last two sessions on profit taking
Thursday 18th August 2022 Speculation is rife that former President Gotabaya Rajapaksa is planning to return to Sri Lanka. The question, however, is not whether he is coming, but what he is doing overseas. The anti-government protesters who engineered his ouster called upon him to ‘go home’; they did not ask him to flee the […]
Market down for 2nd time in 14 straight sessions
Market has been on the rise due political stability hope after months of protests
[…]The post 600 Articles Over 11 Years: What Did They Tell The Reading Public & Policymakers? appeared first on Colombo Telegraph.
The National movement for Social Justice (NMSJ) said that it is gravely concerned about a number of actions taken by the Ranil Wickremesinghe administration in recent days.NMSJ chairman, former Speaker, Karu Jayasuriya said that it is their belief that the arrests of Joseph Stalin, the General Secretary of the Ceylon Teachers’ Union, Palitha Atampola and […]
Calls for unity in a country torn apart by nationalism and monetary instability
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the Washington-based fund.The post IMF says Sri Lanka needs to talk with China about debt restructuring appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state’s government seeks a financing loan from the Washington-based fund. “China is a big creditor, and Sri Lanka has to engage proactively with it on a debt restructuring,” Krishna Srinivasan, director of the […]
Investors are waiting for some positive news to enter market.
The government defaulted an interest payment of 78 million US dollar of a sovereign bond on May 19
Market sees fall after military attacked protesters last week
Analysts expect market to fall if protests build up in future after Friday's attack by the military
Market hopes an all-party government under new president could ease political crisis.
As the Sri Lankan political crisis continues to rage, China has not made any comments and this has made it evident that the ouster of the Rajapaksa family from power is set to have long-term implications for the Chinese, media reports said. In more than half a century for which the Rajapaksas held
[…]The post Unelected & Unconstitutional MP Becoming The President? appeared first on Colombo Telegraph.
Some confidence returns to the market after President Gotabaya Rajapaksa resigned.
The Narendra Modi government has called for an all-party meeting on Tuesday evening to discuss the crucial issue of the Sri Lanka crisis.The post Indian government calls an all-party meet on Sri Lanka crisis appeared first on ONLANKA News - Sri Lanka News - Latest News Sri Lanka - Breaking News from Sri Lanka.