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India’s External Affairs Minister S. Jaishankar on Thursday met Sri Lanka's top leadership and conveyed India's commitment to increase investment flows to hasten the debt-ridden island nation's economic recovery.The post Jaishankar conveys India’s commitment to increase investment flows to Sri Lanka to hasten economic recovery appeared first on Sri Lanka News - Latest Breaking News in Sri La...
- India remains committed to assist Sri Lanka in its economic recovery – Jaishankar tells Sabry (Category: Breaking News)
- “A friend in need is a friend indeed”: Sri Lanka’s praise for India (Category: Breaking News)
- Sri Lanka’s creditors must take proactive steps to facilitate its recovery: Jaishankar (Category: Breaking News)
- India’s prudence towards Sri Lanka further consolidates the “neighbourhood first” policy of Prim... (Category: Breaking News)
India's foreign minister arrives in Colombo on Thursday following his country's backing of Sri Lanka for a $2.9 billion International Monetary Fund (IMF) loan, leaving China as the island's last remaining major creditor to agree to a debt restructuring plan.The post India foreign minister visits Sri Lanka with stronger ties, China in focus appeared first on Sri Lanka News - Latest Breaking News in...
- India expected to send ‘positive’ message on debt during Jaishankar’s visit to Sri Lanka (Category: Breaking News)
- Jaishankar conveys India’s commitment to increase investment flows to Sri Lanka to hasten econom... (Category: Breaking News)
- Sri Lanka expects financing assurances from China for IMF deal within days (Category: Breaking News)
- Sri Lanka’s debt restructuring: China expected to inform its support to IMF today (Category: Breaking News)
India has told the International Monetary Fund that it strongly supports Sri Lanka's debt restructuring plan as the island nation seeks a $2.9 billion loan from the global lender, according to a letter seen by Reuters.The post India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- India commits to help Sri Lanka on debt in prospective IMF program (Category: Breaking News)
- Sri Lanka expects financing assurances from China for IMF deal within days (Category: Breaking News)
- India foreign minister visits Sri Lanka with stronger ties, China in focus (Category: Breaking News)
- India strongly supports Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
The government is considering a contributory pension scheme for the government employees, who have been recruited after 2016, Prime Minister Dinesh Gunawardena told Parliament yesterday (January 17).The post Contributory pension scheme for those joining state sector after 2016 – Prime Minister appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Cabinet approves establishment of National Contributory Pension Fund (Category: Breaking News)
- Sri Lanka to launch pension schemes for all employees from May 01 (Category: Breaking News)
- Samurdhi Officers Ask For Non-Contributory Pension Scheme (Category: Breaking News)
- Sri Lanka Samurdhi officers' union asks for a non-contributory pension scheme (Category: Breaking News)
A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could reach 8-12% in some countries, if technology is also decoupled, the International Monetary Fund (IMF) said in a new staff report.The post IMF says fragmentation could cost global economy up to 7% of GDP appeared first on Sri Lanka News ...
- IMF says fragmentation could cost global economy up to 7% of GDP (Category: Breaking News)
- IMF Executive Board approves a proposal to increase financial quotas (Category: Breaking News)
- Global economy faces tougher year in 2023, IMF chief warns (Category: Breaking News)
- IMF refutes reports on its advice to digital service tax in Sri Lanka (Category: Breaking News)
President Ranil Wickremesinghe during a meeting with trade union representatives, emphasized the need of working within one policy framework to overcome the economic difficulties the country is confronted with. The President and Prime Minister met government, semi-government and private sector trade union leaders and representatives to discuss the corrective measures that could be taken to [̷...
President Ranil Wickremesinghe emphasised the need of working within one policy framework by all while facing the economic difficulties the country is confronted with, President's Media Division (PMD) said.The post Let’s solve economic issues by working within one policy framework – President appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Opportune moment for investing in Sri Lanka’s renewable energy sector has arrived – President (Category: Breaking News)
- Sri Lanka President meets Prime Minister of Singapore (Category: Breaking News)
- Sri Lanka President stresses need for new foreign policies (Category: Breaking News)
- 2023 Budget aimed at long-term, stable economic growth to be presented to Parliament tomorrow (Category: Breaking News)
President Ranil Wickremesinghe has said that India’s response to cash-strapped Sri Lanka’s request for debt restructuring is expected by the end of this month. Sri Lanka, which is trying to secure a USD 2.9 billion bridge loan from the International Monetary Fund (IMF), has been trying to to get financial assurances from its major creditors […]
- IMF says G20 Common Framework delivering for Sri Lanka (Category: Breaking News)
- Interim-budget which meets IMF expectations presented to Parliament (Category: Breaking News)
- Exim Bank of China and Sri Lanka discuss debt issue (Category: Breaking News)
- Indian Foreign Minister to arrive in Sri Lanka next week (Category: Breaking News)
[…]The post Controversial Social Activists & Freedom of Expression: Hateful Words Can Be As Dangerous As Physical Violence appeared first on Colombo Telegraph.
- Heresy & The Hedonist Community: People Expect Equality Before The Law (Category: Breaking News)
- Sepal’s Case Raises Questions On Fair Applicability Of Anti-Hate Laws! (Category: Breaking News)
- Suppressing Free Speech & Religious Freedom By Labelling Them Hate Speech (Category: Breaking News)
- Freedom Of Speech & Religion (Category: Breaking News)
Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign firms to scout for energy resources and bring in vital investments to the crisis-hit country, a top official told Reuters on Thursday.The post Sri Lanka finalises oil exploration rules, earmarks 900 offshore blocks appeared first on Sri Lanka News - Latest Breaking News in Sri L...
- SL to offer tenders for oil exploration in 5 blocks: Premajayantha (Category: Breaking News)
- Sri Lanka finalises regulations for offshore oil gas exploration investments (Category: Breaking News)
- Tenders for Oil Exploration (Category: Breaking News)
- Sri Lanka to broaden offshore oil search (Category: Breaking News)
By Dr. C. S. Weeraratna (csweera@sltnet.lk) Sri Lanka is facing an unprecedented crisis mainly due to economic mismanagement and corruption in the various development sectors. During the last few weeks, at various discussions related to the country’s economy, the need to take effective action on the present economic situation in the country has been highlighted. […]
- Reducing Trade Deficit (Category: Breaking News)
- Ailing rubber sector? (Category: Breaking News)
- Achieving food security:Integrated plan necessary (Category: Breaking News)
- Sector report (Category: Business)
Why did former President Sirisena vacate the Paget Road residence, having made it part of his ‘deal’ with the UNP? A three-judge bench of the Supreme Court, comprising Justices Priyantha Jayawardena, Gamini Amarasekara, and Kumuduni Wickremasinghe, having examined the arguments put forward by both the petitioner and respondent parties, issued an interim order on March […]
- Sirisena’s castle in the air (Category: Breaking News)
- SC quashes Cabinet decision granting Paget Road residence to Maithripala (Category: Breaking News)
- Proroguing The Parliament – A Political Subterfuge! (Category: Breaking News)
- Sirisena, SLFP enmeshed in Easter Sunday fallout (Category: Breaking News)
Sri Lanka Government decided to curtail 5% of the estimated expenditure allocated under the proposals of the 2023 Budget to all ministries.The post Sri Lanka Government in financial crisis: Government employees’ salaries to be delayed? appeared first on Sri Lanka News - Latest Breaking News in Sri
- Sri Lanka Government to delay salaries of executive-grade staff (Category: Breaking News)
- Circular on Dress Code for Sri Lankan Government workers from next week (Category: Breaking News)
- Sri Lankan Government decides to establish paying wards at state hospitals (Category: Breaking News)
- December 26 declared a Special Government Holiday (Category: Breaking News)
Sri Lanka's cabinet on Monday approved new electricity tariffs to reflect the cost of coal and power generation to take effect this month, Power Minister Kanchana Wijesekera said, without saying how much higher they would be.The post Sri Lanka cabinet approves new electricity tariff without saying what it is appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka to revise electricity tariffs every 03 months (Category: Breaking News)
- Sri Lanka Government granted approval to increase electricity tariff (Category: Breaking News)
- 2.5% Social Security Tax added to Electricity bills – PUCSL (Category: Breaking News)
- Public Utilities Commission agrees to expedite Ceylon Electricity Board tariff proposal (Category: Breaking News)
India has handed 75 passenger buses to Sri Lanka as part of its assistance towards strengthening public transport infrastructure in the cash-strapped country.The post India provides 75 buses to Sri Lanka to support public transport system appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- India provides 75 buses to Sri Lanka to support public transport system (Category: Breaking News)
- Sri Lanka plans to enhance Public Transportation with 200 new Buses in 2024 (Category: Breaking News)
- National Transport Commission working towards reducing bus fare prices (Category: Breaking News)
- QR code system to be introduced to pay Sri Lanka Transport Board (SLTB) bus fares (Category: Breaking News)
Bangladesh Prime Minister Sheikh Hasina and Sri Lankan President Ranil Wickremesinghe will be among 20 world leaders who will participate in the “Voice of the Global South Summit” (VGSS) next week hosted by India virtually, Indian media reported.The post President to participate in India-hosted Voice of Global South Summit – report appeared first on Sri Lanka News - Latest Breaking News in S...
- Ranil to participate in Indian summit virtually (Category: Breaking News)
- Sri Lanka President arrives in New York to attend the 78th session of the United Nations General... (Category: Breaking News)
- President to participate in India-hosted Voice of Global South Summit - report (Category: Breaking News)
- President addresses second Voice of Global South Summit (Category: Breaking News)
President Ranil Wickremesinghe will be among 20 world leaders who will participate in the “Voice of the Global South Summit” (VGSS) next week hosted by India virtually. The summit will take place on January 12 and January 13 and will be chaired by Prime Minister Narendra Modi. Other than leaders from the neighbourhood, leaders from […]
- PM Modi calls for ‘human-centric globalisation’ at Voice of Global South Summit (Category: Breaking News)
- President sees hope for Sri Lanka on Easter Sunday (Category: Breaking News)
- Sri Lanka’s new International Trade Office to resume FTA talks (Category: Breaking News)
- President seeks recommendations on 13-A from all party leaders (Category: Breaking News)
Gamapaha District SJB MP Field Marshal Sarath Fonseka yesterday called on people to revive the Aragalaya protests to save the country from self-serving politicians in power. The war winning army commander told Parliament that the nation could not move forward without getting rid of the sinister elements in politics. “I call upon people to come out to the streets […]
Foreign assistance to overcome Sri Lanka’s financial crisis will not be available as the international community has no trust in incumbent government, says the main opposition SJB. Addressing the media at the Opposition Leader’s office in Colombo recently, Chief Opposition Whip and Kandy District
- Govt. planning to place EPF, ETF under independent body (Category: Breaking News)
- SJB divided, some attend Ranil’s tea party (Category: Breaking News)
- SJB to take disciplinary action against its MPs who joined govt (Category: Breaking News)
- Sajith: EPF will lose Rs 12 trillion due to domestic debt restructuring (Category: Breaking News)
Sri Lanka will restart negotiations on trade pacts with India, China and Thailand after a four-hear hiatus, an official said on Thursday, as the crisis-hit country races to seal deals to help it rebuild its economy.The post Sri Lanka to restart trade deal talks with India, China and Thailand – official appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka, India to sign power grid linking pact within two months – envoy (Category: Breaking News)
- Sri Lanka to fast-track trade pact with Thailand amid crisis (Category: Breaking News)
- Sri Lanka to restart trade deal talks with India, China and Thailand - official (Category: Breaking News)
- India expected to send ‘positive’ message on debt during Jaishankar’s visit to Sri Lanka (Category: Breaking News)
President Ranil Wickremesinghe has ordered a report from SriLankan Airlines and the Ceylon Petroleum Corporation (CPC) for paying bonuses at a time when both institutions were running at a loss. The President’s Media Division said that the reports were sought from the Chairmen of both institutions. Both companies have paid year-end bonuses to its staff. […]
- President decides not to extend State of Emergency (Category: Breaking News)
- Ranil leading talks to form all-party Government (Category: Breaking News)
- Cabinet to resign after agreement reached on all-party Government (Category: Breaking News)
- Ranil appointed Acting President (Category: Breaking News)
[…]The post Financial Crisis As Seen By A Non-Economist appeared first on Colombo Telegraph.
- Just Rewards For Hard Work (Category: Breaking News)
- On Overlooking The Obvious (Category: Breaking News)
- Improvising To Overcome Tragedy (Category: Breaking News)
- The Franchise – Intentions, Operation & Results (Category: Breaking News)
by Eng. Parakrama Jayasinghe This is the question in everybody’s mind these days. Anything up to 10 hours of blackouts have been predicted by the Ceylon Electricity Board (CEB) trade unions. But Minister of Power and Energy, Kanchana Wijesekera, has been quick to contest this prediction while being careful not to say that there will […]
- CEB says suspension of power cuts not possible (Category: Breaking News)
- No power cuts due to N’cholai unit failure – Minister (Category: Breaking News)
- HRCSL opposes power cuts during A/L (Category: Breaking News)
- Sri Lanka says no more power cuts, until further notice (Category: Breaking News)
[…]The post Prospects For Global Capitalism: 2023 & After appeared first on Colombo Telegraph.
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
- Idiot’s Guide To Global & Domestic Debt (Category: Breaking News)
and the potential of another financial crisis, said former vice-finance minister Zhu […]
- China on track to meet 2012 growth target: Wen (Category: Business)
- OECD sees slowdowns deepening in India, China (Category: Business)
- Sri Lanka Central Bank suggests reducing impact of oil prices to sustain economic growth (Category: Breaking News)
- Tassie confidence plummets (Category: Australia, Tasmania )
USD 4 mn available to stabilize food sector Against the backdrop of the country’s continuing financial crisis, the US has teamed with premier blue chip, John Keells Holdings, and the Hatton National Bank (HNB) to lend money to micro, small, and medium-sized enterprises (MSMEs) in the food sector
- CBSL approval not required for US-funded lending operations in SL (Category: Breaking News)
- CMA Sri Lanka COVID 19 SME Development Conference: Celebrating UN – Micro, Small and Medium-Size... (Category: Breaking News)
- HNB continues longstanding partnership with Battle of the Saints as Official Banking Partner (Category: Breaking News)
- Sri Lanka to implement a credit scheme to revive MSMEs sector (Category: Breaking News)
By Samira Hussain Pakistan’s former prime minister, Imran Khan, is threatening to dissolve two provincial assemblies in a high-stakes attempt to force the federal government to hold early elections. The dissolution of legislatures controlled by his party in Punjab and Khyber Pakhtunkhwa is set for 23 December, about a year before elections are due. “For […]
- Does The Proposed Contempt Of Court Bill Amount To 23rd Amendment To The Constitution? (Category: Breaking News)
- China’s space success linked with its larger political, diplomatic goals: Report (Category: Breaking News)
- Saudi energy minister visits India, discusses cooperation with officials (Category: Breaking News)
- What’s at Stake in Pakistan’s Power Crisis (Category: Breaking News)
When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach.The post India makes inroads into Sri Lanka under China’s long shadow appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India (Category: Breaking News)
- India says it will protect its interests as Chinese boat heads to Sri Lanka (Category: Breaking News)
- India plans no more funding for Sri Lanka as IMF talks progress (Category: Breaking News)
- India, Sri Lanka agree to boost ties through energy, power and port projects (Category: Breaking News)
Sri Lanka's National Consumer Price Index (NCPI) (LKNCPI=ECI) eased year-on-year to 65% in November after a 70.6% jump in October, the statistics department said on Wednesday.The post Sri Lanka’s national consumer price inflation eases to 65% in November appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s key inflation rate eases to 54.2% in January (Category: Breaking News)
- NCPI-based inflation drops to 65% in November (Category: Breaking News)
- Rising food prices drive Sri Lanka inflation up to 4.2% in December (Category: Breaking News)
- Sri Lanka’s inflation slows down to 70.6% in October 2022 (Category: Breaking News)
By Easwaran Rutnam France, which is part of the Paris Club, is in talks with Sri Lanka’s creditors in an attempt to ensure a solution is reached for the financial crisis sooner than later. The newly appointed French Ambassador to Sri Lanka, Jean-François Pactet, told a select group of journalists
- France ready to support Sri Lanka in its efforts to restructure its debt (Category: Breaking News)
- France looks to strengthen ties with Sri Lanka (Category: Breaking News)
- Sri Lanka’s State Minister of Defence and French Ambassador talk on strengthening bilateral ties (Category: Breaking News)
- Significant progress made with Sri Lanka’s creditors (Category: Breaking News)
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