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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 index has risen 19.6% in the last 12 sessions
All Share Price Index (ASPI) rose 3.69% or 321.31 points to 9,027.48, its highest since March 31
The main stock index has risen 13.3% in the last 10 session.
Lanka IOC contributed around 40% or 1.99 billion to the market turnover.
Index has been gaining due to political stability hopes
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The key stock index has gained 9.3% in the last 7 sessions.
Wickremesinghe says if no alternative, the govt will have to go with the IMF programme
Norway is concerned about the food and nutrition crisis in Sri Lanka. The Norwegian Government is providing NOK 13 million (approx. Rs. 490 million) to the World Food Programme (WFP), United Nations Children’s Fund (UNICEF) and the UN Population Fund (UNFPA) in Sri Lanka to address food, nutrition and protection needs of the most vulnerable […]
[…]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 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 […]
Net foreign inflows hit its highest since March 30.
Investors are waiting for some positive news to enter market.
[…]The post July 1983 Pogrom: The Black Week That Devastatingly Impacted Sri Lanka Forever appeared first on Colombo Telegraph.
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
Jinping believes that Sri Lanka will be able to overcome temporary difficulties under Wickremesinghe
Gunawardena is the third prime minister of Sri Lanka since May 9 amid political crisis.
He lost the election, but became the president using the bonus seat.
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