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Sri Lanka is tangled in the worst financial crisis in over seven decades, triggered by a severe shortage of foreign exchange that forced the country to annouce a suspension of foreign debt repayments in April 2022.
Sri Lanka is tangled in the worst financial crisis in over seven decades, triggered by a severe shortage of foreign exchange that forced the country to annouce a suspension of foreign debt repayments in April 2022.The post Sri Lanka to make $2.6 billion in loan repayments in first half
- China confirms two-year debt moratorium offer for Sri Lanka (Category: Breaking News)
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- SriLankan Airlines says paid interest on US$ 175 million bond after sovereign debt default (Category: Breaking News)
- Debt owed by Pakistan, Sri Lanka and Bangladesh to China rise to record levels: Data (Category: Breaking News)
Is it a curse to be living in these times in this country? It feels like it is so. For we do not find peace of mind in anything, anywhere. Everything is working against the ordinary citizens of the country. The prices of bare necessities of life like food, fuel, electricity, water, transport, health care, […]
- VIDEO: Release Fonseka to stop the flooding, urges Dayasiri (Category: Breaking News)
- Rogues have no right to eat while masses starve! (Category: Breaking News)
- STF commemoration today (Category: Breaking News)
- Prof. Dunusinghe debunks govt.’s claims about stabilising economy (Category: Breaking News)
By Easwaran Rutnam German companies operating in Sri Lanka have raised the red flag with some warning they will be compelled to withdraw from the country if the import ban continues, Daily Mirror learns. Sri Lanka has slapped an import ban on several items owing to the shortage of US dollars
- German MP to hold-high level meetings in Sri Lanka (Category: Breaking News)
- Germany seeks Sri Lanka’s support for resolution against Russia (Category: Breaking News)
- Germany offers funding for livelihood support in Sri Lanka (Category: Breaking News)
- Seven single use plastic items banned from June (Category: Breaking News)
The International Monetary Fund is considering approving Sri Lanka’s bailout even without the formal assurance of debt-restructuring support from China, the nation’s biggest bilateral creditor, according to people familiar with the discussions.The post IMF said to discuss Sri Lanka loan approval even as China stalls appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA New...
- IMF Executive Board considers Sri Lanka’s loan facility for approval today (March 20) (Category: Breaking News)
- IMF insists on creditor assurances to unlock $2.9 Billion Sri Lanka bailout (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- IMF board poised to approve $2.9 billion Sri Lanka bailout (Category: Breaking News)
The Election Commission is to file a special motion before the Supreme Court on the difficulties it is facing on holding the Local Government (LG) elections on 9th March. Adequate funds not released by the Treasury, shortage of fuel and delays in printing the ballot papers are some of the issues
- SC determines VAT Bill in line with Constitution if amendments made (Category: Breaking News)
- Petroleum Products Amendment Bill inconsistent with Constitution (Category: Breaking News)
- Supreme Court finds Anti-Terrorism Bill inconsistent with Constitution (Category: Breaking News)
- SC commences hearing petitions against 22nd Amendment (Category: Breaking News)
The International Monetary Fund is considering approving Sri Lanka’s bailout even without the formal assurance of debt-restructuring support from China, the nation’s biggest bilateral creditor, according to people familiar with the discussions. Under a rarely used policy on lending into official arrears, the IMF may consider approving Sri Lanka’s loan because China’s assurance is the only prerequi...
- India writes to IMF backing Sri Lanka’s debt restructuring plan (Category: Breaking News)
- US Treasury Secretary speaks to Ranil on IMF deal (Category: Breaking News)
- China’s offer not sufficient for IMF deal (Category: Breaking News)
- IMF begins talks in Sri Lanka in attempt to reach deal (Category: Breaking News)
[…]The post People’s Power Under Siege Within Sri Lanka’s ‘Demo-Crazy’! appeared first on Colombo Telegraph.
- Political Robber Barons Fear The Rejuvenated ‘Aragala’ Spirit! (Category: Breaking News)
- Politics & Death Of Sanath Nishantha: Some Sombre Lessons & Reflections (Category: Breaking News)
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
- If No Elections, There Can Be A Democratic Uprising! (Category: Breaking News)
Debt-stricken Sri Lanka is fast-tracking efforts to seal a stalled trade pact with Thailand in order to boost trade and tourism, and improve the foreign currency shortage that has led to its worst economic crisis, a government minister said on Tuesday.The post Sri Lanka to fast-track trade pact
- From B-C Pact To Ranil’s New Somersault (Category: Breaking News)
- Sri Lanka, India to sign power grid linking pact within two months – envoy (Category: Breaking News)
- Japan says no pact yet with Sri Lanka on debt restructure talks (Category: Breaking News)
- Thailand and Sri Lanka to sign free trade pact in 2024 (Category: Breaking News)
The economic and financial condition of Sri Lanka is very precarious at the moment. It has been facing the worst economic crisis since its independence in 1948. The Sri Lankan economy is going through a high rate of inflation, a shortage of essential commodities including fuel and medicines
- China holds key to Sri Lanka’s debt restructuring to ease economic crisis (Category: Breaking News)
- Sri Lanka president wants China to dramatically change stance on debt relief (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
- US Treasury Secy assures support for Sri Lanka’s debt restructure: president’s office (Category: Breaking News)
The Government Printer has stated that if funds are not provided ballot papers will not be printed, the National Election Commission said on Monday (February 13).The post Ballot papers will not be printed without funds – Government Printer appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Not possible to print ballot papers as no funds received – Government Printer (Category: Breaking News)
- Petition against holding Local Government Election postponed to May 11th (Category: Breaking News)
- Sri Lanka’s Election Commission recommends Local Government Election to be held on April 25 (Category: Breaking News)
- Sri Lanka’s Local Government Election to be postponed? (Category: Breaking News)
The Ceylon Electricity Board (CEB) today warned of a serious crisis if the demand for an increase in electricity tariffs is not approved. The Public Utilities Commission of Sri Lanka (PUCSL) is to announce, on Wednesday, its decision over a request made by the Ceylon Electricity Board to increase tariffs. The matter was discussed when the […]
- Electricity tariffs to go up by 75 percent (Category: Breaking News)
- CEB seeks 82% increase in electricity tariffs (Category: Breaking News)
- CEB to slash electricity tariffs (Category: Breaking News)
- Electricity tariffs increased by 66 percent from today (Category: Breaking News)
Sri Lanka’s external reserves surpassed two billion dollars in January, reflecting gradual improvement in the foreign exchange conditions in the domestic market which was made possible due to a slew of tightening measures and also due to the acceleration in the foreign currency inflows, recently.The post January foreign reserves end up above US$ 2 Billion, first time in about a year appeared first...
- Sri Lanka sees forex reserves exceeding $4 billion after fresh funding (Category: Breaking News)
- Sri Lanka Rupee appreciates after almost a year into free float (Category: Breaking News)
- Sri Lanka approves lifting some limits on rupee conversion for outward remittances (Category: Breaking News)
- IMF says Sri Lanka debt deal could help board clear first bailout review (Category: Breaking News)
Non-essential and non-urgent surgeries have been temporarily postponed at Government hospitals, the Health Ministry said. Minister of Health Keheliya Rambukwella said that the surgeries will be postponed on the advise of a doctor. The Minister said that essential and urgent surgeries will be carried out as usual. The decision has been taken due to a […]
- Keheliya Rambukwella remanded further (Category: Breaking News)
- Keheliya Rambukwella resigns (Category: Breaking News)
- Keheliya threatens to resign as Health Minister (Category: Breaking News)
- Sri Lanka facing shortage of some essential medicines (Category: Breaking News)
By Rathindra Kuruwita The Sri Lanka health sector would face a serious crisis within a few weeks, if shortages of medicines, surgical equipment, and chemicals used in labs, are not addressed now, President of the College of Anaesthesiologists and Intensivists of Sri Lanka (CAISL), Dr. Anoma Perera, said on Thursday evening, addressing a press conference, […]
- GMOA accuses govt. of contemplating 15% pay cut for health workers (Category: Breaking News)
- DDGHS: Only 100,000 Lankans have taken fourth jab (Category: Breaking News)
- Health Minister has sidelined senior officials – CP (Category: Breaking News)
- AMS explains primary reason for exodus of medical specialists (Category: Breaking News)
Colombo [Sri Lanka], February 2 (ANI): External Affairs Minister S Jaishankar’s visit to Sri Lanka is being seen as a harbinger of positive developments and an improved economic and financial situation for the island nation. Jaishankar during his visit to Sri Lanka reasserted India’s pursuit of the ‘Neighbourhood First’ policy and the belief in not […]
- Indian External Affairs Minister Dr. S. Jaishankar to visit Sri Lanka (Category: Breaking News)
- India s External Affairs Minister arrives in Sri Lanka (Category: Breaking News)
- ‘India tries to ensure ties across the world, except with China, Pakistan’ (Category: Breaking News)
- India will extend financing assurances to the IMF to clear the way for Sri Lanka to move forward... (Category: Breaking News)
Several trade unions in Sri Lanka have decided to go on strike today (February 08), in protest of the government’s new tax policy and its failure to address the shortage of medicines in the country.The post Many trade unions in Sri Lanka on strike today against the tax revision appeared
- Trade Unions warn of Countrywide Strikes on March 15 (Category: Breaking News)
- Many trade unions in Sri Lanka are on strike today (March 15) (Category: Breaking News)
- Sri Lanka flags return to growth, protesters demand tax cuts (Category: Breaking News)
- 72 health trade unions in Sri Lanka on strike (Category: Breaking News)
Sri Lanka’s international bondholders group was prepared to engage with the island nation’s authorities in debt restructuring talks consistent with the parameters of the IMF Programme, their legal adviser, White & Case LLP, said.The post Sri Lanka bondholders ready for debt restructuring talks with authorities appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News...
- IMF expects Sri Lanka to finalize deals with creditors soon (Category: Breaking News)
- Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal (Category: Breaking News)
- Sri Lanka s bondholders ready for debt restructuring talks with authorities (Category: Breaking News)
- Sri Lanka Close to IMF Agreement, Is Weighing Bondholder Terms, Semasinghe Says (Category: Breaking News)
Sri Lanka's Central Bank Governor Dr. Nandalal Weerasinghe said regardless of the future elections, he wants to see a continuation of the economic reform path the country has embarked on, as it is the only way to come out of the current crisis.The post Sri Lanka’s Central Bank insists on staying on reform path regardless of election outcome appeared first on Sri Lanka News - Latest Breaking ...
- IMF process should continue whoever is in power – Central Bank Governor (Category: Breaking News)
- Sri Lanka will have to go for another DDO strategy if targets of current plan not achieved – CBS... (Category: Breaking News)
- Sri Lanka must implement budget proposals to avoid return to crisis (Category: Breaking News)
- Sri Lanka’s Central Bank Governor explains debt restructuring process (Category: Breaking News)
Sri Lankan Minister of Foreign Affairs Ali Sabry has held talks with ministers and senior officials in Saudi Arabia, as the crisis-hit island nation seeks to boost cooperation with the Kingdom and other Gulf countries.The post Sri Lanka seeks to boost ties with Saudi Arabia and Gulf nations appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka seeks to boost ties with Saudi Arabia and Gulf nations (Category: Breaking News)
- Lanka seeks release of crew (Category: Breaking News)
- Sri Lanka seeks US$ 6 Billion fuel credit line from Saudi Arabia (Category: Breaking News)
- Sri Lanka seeks Asian Development Bank support in digitalization, agriculture (Category: Breaking News)
Sri Lanka's economy could contract by -3.5 or -4.0% in 2023 after shrinking -11% last year, President Ranil Wickremesinghe said on Saturday.The post Sri Lanka economy could shrink by -3.5% to -4%, president says appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s economy shrinks 11.5% in first quarter as financial crisis continues (Category: Breaking News)
- Sri Lanka flags return to growth, protesters demand tax cuts (Category: Breaking News)
- Sri Lankan economy expected to contract by 3% in 2023: IMF official (Category: Breaking News)
- Is the worst over for Sri Lanka’s economic crisis? (Category: Breaking News)
The Government Medical Officers Association (GMOA) warns that they will file a complaint with the Sri Lankan office of the World Health Organization (WHO) regarding the current drug shortage that the country is facing as a result of the negligence of the authorities.
Thursday 26th January, 2023 The Rajapaksa-Wickremesinghe government is in overdrive to delay the local government (LG) elections while pretending that it is ready to face them. Experience is said to be the best teacher, and the public, having been taken for many a ride, tends to believe the obverse of what the ruling party politicians […]
- SJB: Has Prez made LG polls disappear? (Category: Breaking News)
- Opposition meets EC, demands early announcement of LG polls (Category: Breaking News)
- Opposition asks EC to hold LG polls on 19 March (Category: Breaking News)
- Minister urges to delay LG polls until stability returns (Category: Breaking News)
[…]The post Egg & Poultry Crisis: Maximum Retail Price Is Not The Solution appeared first on Colombo Telegraph.
- Price Control, Regulation Of Trade Or Consumer Education For A Proper Consumer Regime? (Category: Breaking News)
- Sri Lanka’s new price controls on eggs could lead to shortages: poultry association (Category: Breaking News)
- World Consumer Day: ‘Our Money Our Rights’ (Category: Business)
- Child’s Guide To Ranilnomics: Need Is Going For IMF Plus (Category: Breaking News)
Sri Lanka is committed to meeting all its debt repayments and is hoping to complete debt restructuring negotiations in the next six months, the country’s central bank chief P. Nandalal Weerasinghe said. “There has been good progress this month with India already pledging financing assurances. We expect assurances from China and Japan soon,” Weerasinghe said […]
- JICA will not fund projects in Sri Lanka until debt restructured (Category: Breaking News)
- India seeks close coordination between Sri Lanka and all creditors (Category: Breaking News)
- S&P lowers Sri Lanka’s sovereign rating to Select Default grade (Category: Breaking News)
- Sri Lanka’s debt repayments to be suspended until 2028 (Category: Breaking News)
The International Monetary Fund (IMF) is still awaiting assurances on Sri Lanka in order to present a Fund-supported program for Sri Lanka to the IMF’s Executive Board, for approval. The IMF confirmed that India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary […]
- IMF Executive Board approves bailout package for Sri Lanka (Category: Breaking News)
- IMF wants Sri Lanka to implement deals with official creditors (Category: Breaking News)
- Chinese Embassy in Sri Lanka slams US envoy (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday.The post India commits to help Sri Lanka on debt in prospective IMF program appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- India commits to help Sri Lanka on debt in prospective IMF program (Category: Breaking News)
- Sri Lanka’s debt restructuring: China expected to inform its support to IMF today (Category: Breaking News)
Sri Lanka is to target the export market for poultry and eggs, the President’s Media Division said today. Senior Advisor to the President on Food Security Dr Suren Batagoda said that most of the issues related to the industry could be solved by way of coming to a collective agreement among all the stakeholders and […]
- Former UK PM David Cameron holds talks with RW (Category: Breaking News)
- Mahinda holds talks with Sampanthan (Category: Breaking News)
- Gotabaya pictured at Dubai’s private ‘Fame Park’ (Category: Breaking News)
- Maithripala, Dullas, Wimal form Freedom People’s Alliance (Category: Breaking News)
Former Sri Lanka captain Arjuna Ranatunga has teamed up with India to play a new innings in the electric vehicle market. Ranatunga is to promote electric vehicles in Sri Lanka through a joint venture with Electric One – India’s largest EV super store chain . Electric One announced the signing of a Memorandum of Understanding […]
- USAID to fund construction of battery switching stations in Colombo (Category: Breaking News)
- Arjuna Ranatunga to chair 15-member National Sports Council (Category: Breaking News)
- Arjuna Ranatunga keeps doors to politics open (Category: Breaking News)
- Arjuna slams ICC over unprofessional handling of Asia Cup (Category: Breaking News)
[…]The post Raj Somadeva’s Yakhshi: Excellent Exposition Of History To Laymen appeared first on Colombo Telegraph.
- Child’s Guide To Bitcoinisation Of Sri Lanka Economy (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: How Colonial Ceylon Did It? (Category: Breaking News)
- Conspiracy Stories Are All Over; But Why Are They So Popular & Readily Accepted? (Category: Breaking News)
- Conspiracy Stories Are All Over; But Why Are They So Popular & Readily Accepted? (Category: Breaking News)
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