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The G20 joint declaration in Delhi is being described as a significant diplomatic win for India. The agreement of a joint statement looked almost impossible a few days ago, given how sharply divided the group was over Russia’s invasion of Ukraine. In the end, we had a declaration that garnered unanimous support from all G20 […]
- World leaders in India for G20 summit (Category: Breaking News)
- Russia hails unexpected G20 ‘milestone’ as Ukraine fumes (Category: Breaking News)
- China refuses to condemn Russia’s Ukraine invasion during G20 deadlock (Category: Breaking News)
- Kim Jong Un ‘to visit Putin for weapons talks’ (Category: Breaking News)
[…]The post Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-Sonic’? appeared first on Colombo Telegraph.
- The Easter Attacks & A Game Of Thrones: The Master Mind, A Cover Up Investigation & AI (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century (Category: Breaking News)
World leaders have been gathering in India ahead of a G20 summit between nations that are divided on many issues, the biggest being the war in Ukraine following Russia’s invasion. On Friday evening US President Joe Biden met his host, Indian Prime Minister Narendra Modi, with the leaders pledging cooperation in a raft of areas. […]
- How India overcame bitter G20 divisions over Ukraine (Category: Breaking News)
- Russia hails unexpected G20 ‘milestone’ as Ukraine fumes (Category: Breaking News)
- Modi US visit: Why Washington is rolling out the red carpet for Indian PM (Category: Breaking News)
- India stands with Manipur -PM Modi (Category: Breaking News)
[…]The post Taxation Without Accountability Is Not Sustainable appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards (Category: Breaking News)
- Child’s Guide To Ranilnomics: Actual Tax Payment Is Not What One Pays Today (Category: Breaking News)
- Good Governance & Economic Development – Part II (Category: Breaking News)
by Jehan Perera The increase in the price of petrol and diesel has been accompanied by the removal of the QR Code quota system for the purchase of fuel. The elimination of long lines of vehicles, and people, outside of the fuel stations that existed a year ago is one of the signs of normalisation […]
- Taxation Without Accountability Is Not Sustainable (Category: Breaking News)
- CPA survey claims JVP Leader most popular with 48.5% of those surveyed (Category: Breaking News)
- Joint food security assessment by govt., FAO, WFP next month (Category: Breaking News)
- Nearly 6 million Lankans need humanitarian assistance – Red Cross (Category: Breaking News)
Sri Lanka has repaid another US$100 million of the $200 million loan it took from Bangladesh in a currency swap agreement two years ago. “Sri Lanka has paid back $100 million to us on Thursday (31 August). Now they are expected to return the remaining $50 million in due course,” said Bangladesh Bank (BB) Spokesperson […]
- Central Bank of Sri Lanka returns $50m of $200m Bangladesh loan (Category: Breaking News)
- Bangladesh gives Sri Lanka more time to repay $200 million loan (Category: Breaking News)
- Sri Lanka pays off $200m loan from Bangladesh with $4.5m interest (Category: Breaking News)
- Bangladesh PM attaches high priority to relations with Sri Lanka (Category: Breaking News)
Sri Lanka's key inflation rate eased to 4% in August from 6.3% a month ago, the statistics department said on Thursday, marking continued stabilisation for the crisis-ridden economy.The post Sri Lanka’s key inflation rate eases to 4% in August appeared first on ONLANKA - Sri Lanka
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka’s key inflation rate surges to record, keeps central bank pressured (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 35.3% in April (Category: Breaking News)
By Shamindra Ferdinando Justice Minister Dr. Wijeyadasa Rajapakse, PC, declared in Parliament that the winners of LPL (Lanka Premier League) 2023 B-Love Kandy had been sponsored by an enterprise that was banned in the country. The statement was made in Parliament on 24th August. The one-time President of the Bar Association found fault with SLC […]
- In terms of RTI Act House releases names of MPs who voted for new law (Category: Breaking News)
- All praise for Lanka’s saviours! (Category: Breaking News)
- Prez should explain why he scrapped time-tested exchange controls – NFF (Category: Breaking News)
- Impact of foreign-funded projects on Parliament’s standing as sole sovereign and supreme body (Category: Breaking News)
Beijing [China], August 19 (ANI): Raising concerns regarding the financial crisis triggered by the downturn in China’s real estate market, Chinese investment firm Zhongrong Trust , which managed USD 87 billion worth of funds for corporate clients and wealthy individuals as of the end of 2022
- HSBC China fund JV to expand, internationalisation in focus (Category: Business)
- China to keep investing in euro zone debt – China c.bank gov. (Category: Business)
- Taiwan CB says hot money returning to markets (Category: Business)
- Ceybank Unit Trust pays Rs. 346 m as tax free dividend (Category: Business)
H.J.M Seneviratne, 63, slices through yellowed paddy stems dried out by a drought that has destroyed over 95% of his crop and is threatening crisis-hit Sri Lanka's summer rice harvest.The post Drought dents Sri Lanka’s economic hopes, farmers’ livelihood appeared first on ONLANKA - Sri
- Paddy farmers’ problems (Category: Business)
- Sri Lanka may halt rice imports to maintain farmgate paddy prices: Minister (Category: Breaking News)
- Bumper paddy harvest and the consumer (Category: Business)
- Substituting Rice For Malt (Category: Breaking News)
Stating that multiple challenges confront the G20 grouping, External Affairs Minister S Jaishankar said that India adopted an unconventional approach to its Presidency, making it much more connected with people. A major highlight of the second day of the Think20 (T20) Summit in Mysuru on Tuesday was a virtual address by Jaishankar, followed by a […]
- Crisis in multilateralism affecting developing nations most: PM at G20 meet (Category: Breaking News)
- India hosts Iran’s deputy FM to push Eurasian link (Category: Breaking News)
- Many debt ridden countries, relying on India’s assistance (Category: Breaking News)
- Jaishankar Calls on Belgium PM; Discusses Growing Bilateral Cooperation on Trade, Technology (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe has announced the swift implementation of a comprehensive plan to elevate the Arugam Bay tourist zone into a highly desirable destination for both local and international tourists, with the potential to generate substantial revenue.The post Sri Lanka President reveals strategic roadmap to transform ‘Arugam Bay’ into a high-income tourist destina...
- Ella Tourism Zone will be developed under a grand plan – President (Category: Breaking News)
- Sri Lanka President emphasizes progress in tourism sector, ready to provide required facilities (Category: Breaking News)
- President reveals plans to elevate Arugam Bay into high-income tourist hub (Category: Breaking News)
- Sri Lanka President visits Tangalle and Galle to assess revival of tourism in South Coast (Category: Breaking News)
By J. Edward Moreno Tremors in China’s real estate market are shaking the country’s economy, as well as the world, which has come to rely on China as a reliable engine of growth. Major developers are faltering as they face huge losses, struggle with mountains of debt and miss payments to lenders. A long-running building boom […]
- Protest in China’s Henan underscore risks bank faces as real estate sector continues to struggle (Category: Breaking News)
- China delays key economic data releases amid Communist party congress (Category: Breaking News)
- China’s economy is in trouble. Here’s what’s gone wrong (Category: Breaking News)
- Ditched by Communist Party, Chinese billionaire loses 93 per cent of his fortune (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part V appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
[…]The post Naked King & The Crumbling State: Seven Decades Of Fake Saviours appeared first on Colombo Telegraph.
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- Machiavellians Tend To Be Demonic: Stuck Between A Rock & A Hard Place (Category: Breaking News)
- True Meritocracy Not The Sham Of All Party Mediocracy (Category: Breaking News)
- Corruption & Psychopathic Tendencies: Pet Dogs, Incompetency & Beds To The Foray (Category: Breaking News)
By The Coca-Cola Company, Managing Director – Sri Lanka & the Maldives, Pankaj Sinha Coca-Cola, with its 62-year presence in Sri Lanka, has remained committed to supporting this beautiful country through its challenges. As someone who has made Sri Lanka his home since 2019, and seen the country grapple with natural disasters, acts of terrorism, and […]
- Coca-Cola’s Christmas Spirit – Your Festive Sip Comes with Gifts! (Category: Breaking News)
- Coca-Cola appoints Kaushali Kusumapala as Country Director for Sri Lanka and Maldives (Category: Breaking News)
- Coca-Cola’s free tumbler with every 1.5L and 2L Coke or Sprite PET bottle (Category: Breaking News)
- Coca-Cola and the art of embracing local flavors: A journey through Sri Lankan cuisine (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
[…]The post Change Flight From Stability With Stagnancy appeared first on Colombo Telegraph.
- Resisting Elections Will Worsen Dissent (Category: Breaking News)
- Supreme Court Shows Democratic Route To Government (Category: Breaking News)
- Preparing The Ground For Early Elections (Category: Breaking News)
- New Mandates Before New Amendments (Category: Breaking News)
Sri Lanka’s consumer inflation rate more than halved to 4.6% year-on-year in July, helped by falling food prices, the statistics department said on Monday.The post Sri Lanka’s July consumer inflation more than halves to 4.6% appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s inflation climbed to 60.8% in July – CCPI (Category: Breaking News)
- Sri Lanka’s inflation increases to 66.7% in July (Category: Breaking News)
- Inflation in Sri Lanka drops to single-digit levels in July (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 4% in August (Category: Breaking News)
Sri Lanka has finally started paying back the $200 million it took from Bangladesh in a currency swap agreement in August 2021, more than a year and a half later than the original agreed date. On August 17, Sri Lanka sent $50 million to Bangladesh, which is the first instalment of the payment, according to Md Mezbaul […]
- Bangladesh says Sri Lanka paid back another $100m (Category: Breaking News)
- Bangladesh gives Sri Lanka more time to repay $200 million loan (Category: Breaking News)
- Sri Lanka pays off $200m loan from Bangladesh with $4.5m interest (Category: Breaking News)
- Bangladesh gives Sri Lanka 6 more months to repay $200m loan (Category: Breaking News)
By Jehan Perera The situation in the country, particularly with regard to the economy and politics, can be described as stable but stagnant. The economy is stable in that it has not experienced further collapse in comparison to the kind witnessed last year when international bankruptcy was admitted. But the economy still continues to contract, […]
- Electionsand economy (Category: Breaking News)
- Electionsand economy (Category: Breaking News)
- Supreme court nudges govt., to democracy (Category: Breaking News)
- Electoral process also an essential service (Category: Breaking News)
Government authorities must consult vehicle importers when making decisions on relaxing an ongoing import ban, President of the Vehicle Importers’ Association Indika Sampath Merinchige said. Welcoming a recent announcement by the government that it will scrap an import ban on several types of commercial vehicles, Merinchige told reporters on Monday August 14 that the authorities […]
- Restrictions on vehicle imports to be relaxed by next year  Semasinghe (Category: Breaking News)
- Govt still lukewarm in allowing vehicle imports wary of balance of trade (Category: Breaking News)
- Vehicle import restrictions to be lifted only after thorough analysis - state minister (Category: Breaking News)
- More vehicles for MPs (Category: Breaking News)
[…]The post Bold Buddhists & Progressive Tamils Must Interface: A Second Trump Term Poses Intrinsic Dangers Everywhere appeared first on Colombo Telegraph.
- Is Trump Likely To Be The Next American President? (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)
Property giant Evergrande has filed for bankruptcy protection in the US as the real estate crisis in China deepens. It will allow the heavily-indebted company to protect its assets in the US as it works on a multi-billion dollar deal with creditors. Evergrande defaulted on its huge debts in 2021
- China’s debt outlook downgraded as economy slows (Category: Breaking News)
- Thousands arrested in Sri Lanka’s week-long anti-drug operation (Category: Breaking News)
- Beijing subway crash leaves 102 with broken bones (Category: Breaking News)
- Russian court bans ‘LGBT movement’ (Category: Breaking News)
Sri Lanka’s largest bilateral creditor, China, has assured the island nation its help in effectively addressing the debt challenges as it has to finalise the external and domestic debt restructuring of a whopping USD 41 billion by September before the IMF’s first review. The International Monetary Fund (IMF) is set to conduct its first review […]
- Sri Lanka’s debt restructuring likely to be complete by September – IMF (Category: Breaking News)
- China only observer in Sri Lanka’s debt restructuring platform (Category: Breaking News)
- Sri Lanka expects major debt restructuring deals as IMF to review bailout - report (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
Chinese oil major Sinopec expects to start operations in Sri Lanka on Sept. 20 and will be allowed to sell fuel for less than the maximum retail price set by the government, Sri Lanka's power minister said on Tuesday.The post Sri Lanka says China’s Sinopec to start operations September 20 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- China s Sinopec to start operations in Sri Lanka in Sept. (Category: Breaking News)
- China’s Sinopec to enter Sri Lanka retail fuel market (Category: Breaking News)
- Sinopec issues clarification on fuel station project in Sri Lanka (Category: Breaking News)
- Sinopec officially begins operations in Sri Lanka with Rs. 3 discount offer (Category: Breaking News)
Ghana majority leader has blamed Sri Lanka’s Central Bank for the economic crisis in the island. The Majority Leader in Ghana’s Parliament, Osei Kyei-Mensah Bonsu, said there is no part of the Constitution that mandates the Bank of Ghana to report all its activities and transactions
- Appropriation Bill for 2023 presented to Parliament (Category: Breaking News)
- President calls for meeting with opposition (Category: Breaking News)
- First tranche from IMF expected in first quarter of 2023 (Category: Breaking News)
- Government clueless on fate of SupremeSAT (Category: Breaking News)
[…]The post Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off appeared first on Colombo Telegraph.
- Target 2048 – Economic Democracy Principles Should Be Followed To The Letter (Category: Breaking News)
- Without A Code Of Ethics & Principles Of morality, No Meaning In Social Market Economy (Category: Breaking News)
- Child’s Guide To How Ranilnomics Should Be Designed & Implemented (Category: Breaking News)
- Target 2048 – Growth Lab Experiment Should Be Converted From A Mere Wish To Ground Level Reality (Category: Breaking News)
[…]The post IMF Economics & 13A Politics: Recipe For Unrest appeared first on Colombo Telegraph.
- Diaspora Tamils & 13A (Category: Breaking News)
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- The Economy & Politics: A Reality Check (Category: Breaking News)
- Politics Behind Economic Recovery (Category: Breaking News)
The IMF will conduct the first review of the $2.9 billion bailout to Sri Lanka from September 11-19, state minister of finance Ranjith Siyambalapitiya said on Saturday and declared that the country has successfully fulfilled the nine conditions set by the global lender.The post IMF to conduct bailout review for Sri Lanka in September appeared first on ONLANKA - Sri Lanka Latest Breaking News and T...
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF staff to visit Sri Lanka in September for first programme review (Category: Breaking News)
- IMF begins second review of Sri Lanka’s bailout package today (Category: Breaking News)
- IMF team in Colombo this week for first review of Extended Fund Facility (Category: Breaking News)
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