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The Governor of Sri Lanka’s Central Bank, Nandalal Weerasinghe, has warned that the country may shut down if no stable government is formed soon.The post Sri Lanka faces shutdown without stable Government – Central Bank Governor warns appeared first on ONLANKA News - Sri Lanka News - Sri Lanka News Live and Breaking News Today.
- Sri Lanka’s Central Bank Governor asks critics to provide alternatives (Category: Breaking News)
- Sri Lanka’s Central Bank Chief says Money printing has drastically reduced in 2022 (Category: Breaking News)
- Sri Lanka faces shutdown without stable govt- CBSL governor warns (Category: Breaking News)
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
Wickremesinghe called for unity, consensus and prioritising the ongoing economic crisis over party politics.
- Sri Lanka justice minister calls for opposition support for his 21st amendment (Category: Breaking News)
- Sri Lanka PM wants opposition to call off boycott to proceed with 21A (Category: Breaking News)
- Sri Lanka’s 22nd constitutional amendment bill is not a restoration of 19A’s essence: experts (Category: Breaking News)
- Acting President says will stick to constitutional process (Category: Breaking News)
[…]The post The Destiny Of China’s Colony Of Sri Lanka appeared first on Colombo Telegraph.
- Sri Lanka’s Past Is Prologue For China (Category: Breaking News)
- Postponing Elections & Inviting The Dragon: Sri Lankan President’s China Tilt (Category: Breaking News)
- Why Should The United States Care About Sri Lanka’s Predicament? (Category: Breaking News)
- Modi’s Civilizational Twist To Indo-Lanka Relations (Category: Breaking News)
No country wants to help Sri Lanka despite a deep economic crisis; past records weigh
- IMF agreement with Sri Lanka must depend on key conditions: US senate committee (Category: Breaking News)
- IMF’s talks with Sri Lanka must also focus on corruption, aid diversion: Mark Malloch-Brown (Category: Breaking News)
- President says Sri Lanka no longer bankrupt (Category: Breaking News)
- Sri Lanka foreign minister meets China’s Wang Yi (Category: Breaking News)
Countries already under pressure from the economic fall-out of the COVID-19 pandemic, risk seeing the same economic turmoil and human misery as Sri Lanka, the UN said. “We’re witnessing a tragic series of events that are unfolding in Sri Lanka right now that should be a warning to anyone who thinks that, you know, it […]
- UN calls for debt relief to prevent poverty crisis (Category: Breaking News)
- UNDP appeals for assistance to help rebuild Sri Lanka (Category: Breaking News)
- UN Secretary-General appoints new Resident Coordinator in Sri Lanka (Category: Breaking News)
- AP PHOTOS: NYC parks have become 'people's everything' (Category: USA, South Dakota)
The Government is preparing a new budget taking into account the measures proposed by the International Monetary Fund (IMF) to restore debt sustainability in Sri Lanka. Foreign Minister, Prof. G.L. Peiris said this during talks with the United Nations Resident Coordinator Hanna Singer-Hamdy
- Galle Face protesters decide to return properties (Category: Breaking News)
- Social media activist Pathum Kerner arrested (Category: Breaking News)
- Army deployed to Sri Lanka Rupavahini Corporation (Category: Breaking News)
- Emergency ambulance service suspended in several areas (Category: Breaking News)
Says economy could contract 7-pct in 2022
- Sri Lanka’s total debt burden Rs 21.6 trillion by March 2022 (Category: Breaking News)
- Once the Parliament approves IMF agreement, the main points will be passed into law – Sri Lanka ... (Category: Breaking News)
- Prez vows to reform loss-making state enterprises, implement new tax regime (Category: Breaking News)
- Sri Lanka receives financial assurance letter from China (Category: Breaking News)
Sri Lanka’s total debt burden increased to Rs 21.6 trillion by March 2022, Prime Minister Ranil Wickremesinghe told Parliament today. He said that Sri Lanka needs to pay $3.4 billion between June and December this year, $5.8 billion in 2023, $4.9 billion in 2024, $6.2 billion in 2025, $4.0 billion in 2026 and $4.3 billion […]
- Sri Lanka Prime Minister’s full statement on IMF negotiations (Category: Breaking News)
- Sri Lanka receives financial assurance letter from China (Category: Breaking News)
- President seeks opposition support to implement IMF deal (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
[…]The post Sri Lanka: No Light Yet At The End Of The Tunnel appeared first on Colombo Telegraph.
- President RW’s Priority In 2023 (Category: Breaking News)
- Lanka’s Quest For Stability (Category: Breaking News)
- Sri Lanka: Surviving The 75th Year Of Independence (Category: Breaking News)
- Can Ranil Succeed In Sri Lanka Game Of Thrones? (Category: Breaking News)
Worst crisis in modern times
- Sri Lanka dreams of dollarized tourism Macau in Mannar (Category: Breaking News)
- Sri Lanka railways seek forex from scrap metal amid currency crisis (Category: Breaking News)
- Sri Lanka inflation tops 60-pct in July 2022 after money printing (Category: Breaking News)
- Sri Lanka seeks loan from Qatar to import oil amid soft-peg instability (Category: Breaking News)
By Anjana Pasricha NEW DELHI — In Colombo, Sri Lanka’s capital, a sprawling port city showcased as a financial hub to rival Dubai is being set up on 269 hectares of land dredged from the sea. It is the latest of the huge Chinese-funded infrastructure projects in the island country that include a port and […]
- Perils of Chinese Investment in Sri Lanka (Category: Breaking News)
- Chinese state-owned firm to build major Sri Lanka port complex (Category: Breaking News)
- Sri Lana PM laments unilateral termination of Japan, India-funded projects (Category: Breaking News)
- Sri Lanka should prevent Chinese vessel from reaching Hambantota port (Category: Breaking News)
The Government has enforced what is seen as an unofficial, partial lockdown from midnight today until 10th July with the public being urged to stay home. Cabinet Spokesman, Minister Bandula Gunawardena said that schools in Colombo and other major cities will remain closed until 10th July. Schools in other areas will function at the discretion […]
- Harin refuses to comment on “princess” Diana’s proposal (Category: Breaking News)
- Harin Fernando calls for a second “Aragalaya” (Category: Breaking News)
- Harin Fernando and Manusha Nanayakkara step down (Category: Breaking News)
- Cabinet approves visa-free entry for visitors from 7 countries (Category: Breaking News)
[…]The post Bailing Out The ‘Gota’ Led Regime; A Wasted Exercise! appeared first on Colombo Telegraph.
- Beyond Ousting The Shamed ‘Suhartos’ Of Sri Lanka! (Category: Breaking News)
- People’s Power Under Siege Within Sri Lanka’s ‘Demo-Crazy’! (Category: Breaking News)
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
- IMF Facility? Is It Sufficient To Deliver Prosperity To Sri Lankans? (Category: Breaking News)
Market has risen throughout the week, but in thin trade.
- Sri Lanka shares on a roll, hit another high (Category: Breaking News)
- SL Stx at 12-Wk Low on Asian Alliance (Category: Breaking News)
- Palmer's float sinks (Category: Australia, Queensland)
- Sri Lanka shares gain over 2-pct in mid-day trade on positive interim budget (Category: Breaking News)
"There is a war in Ukraine today after the IMF intervened there."
- Sri Lanka must not overlook Russia in favour of IMF, says MP Weerawansa (Category: Breaking News)
- US pursuing ‘plan B’ with Prez, after Speaker turned down its offer (Category: Breaking News)
- Cannot support Sri Lanka’s IMF-bound “caretaker” president: MP Vasudeva N (Category: Breaking News)
- Sri Lanka’s “independent” parties to launch grand coalition on September 04 (Category: Breaking News)
By Ashanthi Warunasuriya Sri Lanka is facing a fullblown humanitarian emergency, the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) said. The UN said in its latest update that currently close to 200 essential medicines are now out of stock in Sri Lanka, with a predicted shortage of another 163 critical over the […]
- SLPP Pradeshiya Sabha member Jagath Samantha arrested (Category: Breaking News)
- Australia deports Sri Lankan asylum seekers (Category: Breaking News)
- Protest opposite residence of Dhammika Perera (Category: Breaking News)
- Parliament informed about Basil’s resignation (Category: Breaking News)
Prime Minister Ranil Wickremesinghe informed Parliament today that Sri Lanka was facing the threat of hitting rock bottom. He also said that going to the International Monetary Fund (IMF) is the only option Sri Lanka has to resolve the economic crisis. The Prime Minister said that the aim
- Sri Lanka to reach IMF staff level agreement, debt restructuring framework by end July: PM (Category: Breaking News)
- Having Proper plan to strengthen Sri Lanka’s economy is important – President (Category: Breaking News)
- Sri Lanka President says Let 2048 be the year of development for Sri Lanka (Category: Breaking News)
- Sri Lanka PM wants opposition to call off boycott to proceed with 21A (Category: Breaking News)
Brokers see downward trend to continue in the next few weeks until interest rates come down.
- Sri Lanka shares on a roll, hit another high (Category: Breaking News)
- SL Stx at 12-Wk Low on Asian Alliance (Category: Breaking News)
- Sri Lanka shares gain over 2-pct in mid-day trade on positive interim budget (Category: Breaking News)
- Sri Lanka stocks down for 3rd straight session amid tax hike worries (Category: Breaking News)
Talks will continue over the next few days with an IMF delegation already in the island nation, he said.
- Sri Lanka constitutional reforms won’t be in effect till next parliament: opposition leader (Category: Breaking News)
- Sri Lanka justice minister calls for opposition support for his 21st amendment (Category: Breaking News)
- Sri Lanka PM must present fiscal consolidation plan, go for SOE reform: opposition MP (Category: Breaking News)
- Sri Lanka must not overlook Russia in favour of IMF, says MP Weerawansa (Category: Breaking News)
"Are we trying to get out of this crisis by being caught in a western trap?" he demanded.
- Russia-Lanka �Images of Friendship� (Category: Breaking News)
- Russia to supply oil to Lanka (Category: Breaking News)
- Sri Lanka former leftist leader blames IMF for Russia’s invasion of Ukraine (Category: Breaking News)
- UK and Russia 'commend' investigations (Category: Breaking News)
"I'm sad that people I trained don't know how to gain power. Did I fail in that?"
- Parliament sessions end early (Category: Breaking News)
- Forest ire forces Hodgman out (Category: Australia, Tasmania )
- Libs label Greens 'lapdogs' (Category: Australia, Tasmania )
- Parliament workload slumps (Category: Australia, Tasmania )
Sri Lanka’s international creditors have formed a group to start debt restructuring talks with the embattled South Asian country. The group has hired heavyweight legal firm White & Case while Colombo will be represented by Clifford Chance. Amundi Asset Management, BlackRock, HBK Capital Management, Morgan Stanley Investment Management and T. Rowe Price Associates are among members of the [R...
- Colombo Lotus Tower attracts over 1.4 million visitors (Category: Breaking News)
- CPC and PUCSL at war over quality of crude oil (Category: Breaking News)
- President decides not to extend State of Emergency (Category: Breaking News)
- Sri Lankan Rupee continues to strengthen against USD (Category: Breaking News)
“We have included everything that can be passed without a referendum,” he said.
- Sri Lanka opposition-MP-turned-minister lambasts opposition leader over boycott (Category: Breaking News)
- Sri Lanka to go ahead with 22nd constitutional amendment avoiding referendum (Category: Breaking News)
- Sri Lanka’s gazetted 22nd amendment bill is a diluted version of itself: CPA (Category: Breaking News)
- Sri Lanka cabinet approves proposed 22nd amendment to constitution (Category: Breaking News)
Sri Lanka closed schools and halted all non-essential government services on Monday, beginning a two-week shutdown to conserve fast-depleting fuel reserves as the International Monetary Fund opened...Click on the headline to read the full story
Debt restructuring and tax hikes on the cards
- Debt advisors in Sri Lanka, IMF team on June 20: PM (Category: Breaking News)
- Sri Lanka President expects IMF staff level in late August (Category: Breaking News)
- IMF says “require adequate assurances” on Sri Lanka’s debt sustainability restoration (Category: Breaking News)
- Sri Lanka working towards a revised budget in August (Category: Breaking News)
An International Monetary Fund (IMF) team arrives in Sri Lanka on Monday for talks on a bailout programme, but time is short for a country just days from running out of fuel and likely months from getting any relief money.
An International Monetary Fund (IMF) team arrives in Sri Lanka on Monday for talks on a bailout programme, but time is short for a country just days from running out of fuel and likely months from...Click on the headline to read the full story
Sri Lanka could have avoided its current economic turmoil if it had gone to the International Monetary Fund (IMF) for a bailout sooner, the country’s central bank governor says. P Nandalal Weerasinghe told BBC Newsnight that the delay in seeking outside help was a mistake. The country
- Man charged with terrorism after deadly Oslo attack (Category: Breaking News)
- Man arrested after 4 July mass shooting in US (Category: Breaking News)
- China Covid app restricts residents after banking protests (Category: Breaking News)
- Gunman targets homeless people in Canada shooting (Category: Breaking News)
Sri Lanka’s fuel stocks will last for about five more days, its power and energy minister said on Thursday (Jun 16), as the island nation awaits official confirmation from the Indian government for a new US$500 million credit line for fuel. The country of 22 million people is caught in its worst financial crisis in […]
- Octane 95 Petrol available for 6 weeks (Category: Breaking News)
- Only limited amount of petrol available till 23rd June (Category: Breaking News)
- Final shipment of fuel under Indian Credit Line arrives in Sri Lanka (Category: Breaking News)
- Transportation of fuel temporarily suspended (Category: Breaking News)
Hopes to raise more taxes
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
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