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[…]The post Janatha Aragalaya: The People’s Struggle In Sri Lanka appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe emphasized during an interview organized by Harvard University on the 24th, through Zoom technology, that Sri Lanka’s access to the growing Indian and African markets should not be disrupted by any big power rivalry or conflictThe post Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil appeared fir...
[…]The post The Absurdity Of ‘Independence’ & The Myth Of ‘Public Mandate’ appeared first on Colombo Telegraph.
[…]The post President Needs To Implement Pledges Before Elections appeared first on Colombo Telegraph.
Significant progress has been made at present in relation to the interaction with Sri Lanka’s creditors, the Central Bank of Sri Lanka said today. The bank said that it expects a crucial deal with the International Monetary Fund (IMF) to materialize in early 2023. Announcing its monetary and fiscal policies for 2023, the Central Bank […]
By MAHADIYA HAMZA ECONOMYNEXT – Sri Lanka’s tourism revival is facing a challenge in bringing in more high spending foreign visitors due to increasing protests locally while monetary tightening, impacts of Russian invasion into Ukraine, and rising inflation globally.The move is likely to slow the island nation’s recovery from the unprecedented economic crisis as it is […]
By SHIHAR ANEEZ Leaving his family and relatives was the hardest decision for Suren. But he had no other option.He never wanted to go abroad for work. An accountant by profession, Suren even had the opportunity to be promoted for a higher post at the private firm he was working at in Colombo. But he was […]
Leaving his family and relatives was the hardest decision for Suren. But he had no other option.The post Sri Lankans migrate, work over time, eat less to beat inflation appeared first on EconomyNext.
Effective income taxes for some categories have been raised to around 29% from 8% earlier - analysts
[…]The post Sri Lanka’s Past Is Prologue For China appeared first on Colombo Telegraph.
Investor sentiment has turned buoyant after IMF comments
Shares have been on the rise mainly on positive sentiment after the IMF comments.
Market sees over 600 million rupees of net foreign inflow
Market saw net foreign inflow for the 18th session in the last 21.
USAID Administrator Samantha Power today announced an additional $40 million in development assistance to Sri Lanka to help farmers purchase fertilizer and other vital agricultural inputs. Power, who is currently in Sri Lanka, made the announcement after meeting farmers and discussing their issues. This assistance will support Sri Lankans as they come out of a […]
Market has seen 5.52 billion in foreign outflow in last 19 sessions
Market sees continuous net foreign buying in the last 10 sessions
Day's turnover hits over 7-month high; foreign inflows hit highest in 3 years
Market saw net foreign outflow for the 1st time in 16 straight sessions.
An LOLC merger speculation helps gain
(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 post A Generational Shift To Face The Crisis In Sri Lanka 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 […]
[…]The post Is Sri Lanka Becoming A Police State? Government Efforts To Delegitimise Aragalaya appeared first on Colombo Telegraph.
Calls for unity in a country torn apart by nationalism and monetary instability
Selected imports will be restricted to balance payments for fuel, President Ranil Wickremesinghe said today. The President told Parliament that the immediate requirement before the country is fuel. “While appreciating the international assistance in addressing the fuel shortage, it in timely that we now initiate a system for such importation from our own export income […]
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 government defaulted an interest payment of 78 million US dollar of a sovereign bond on May 19
by Dr. Sumedha S. Amarasekara Sanja De Silva Jayatilleka’s (SDJ) article, ‘Why Ranil Wickremasinghe cannot be my President in The Island 18.07.2022, discusses elegantly the constitutional issues and the fact that ‘sovereignty is in the people and is unalienable’. SDJ goes on to exemplify why RW cannot be PM as well. The editorial of the […]