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Sri Lankan government had shared the details and the conditions of the 4.2 billion dollar debt deal with China with other creditors, Governor of the Central Bank Dr. Nandalal Weerasinghe told Bloomberg.Governor Weerasinghe expressed optimism about restructuring Sri Lanka’s debt through the official creditors committee, aiming to secure IMF support for a 330 million dollar […]
- Debt restructuring strategy out in April (Category: Breaking News)
- Sri Lanka expecting financial assurances from bilateral creditors after Friday (Category: Breaking News)
- No more second chances to stabilize country s economy- CBSL governor (Category: Breaking News)
- U.S. says fairness in Sri Lanka s debt restructuring process imperative (Category: Breaking News)
Sri Lanka’s central bank chief said the government has shared the terms of a $4.2 billion China debt deal with other creditors a key sticking point with countries like India paving the way for more loans from the International Monetary Fund.The post Sri Lanka gives China deal details, keeping IMF aid on track appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF to visit Sri Lanka in late August for staff-level agreement – Central Bank Governor (Category: Breaking News)
- Sri Lanka to officially present IMF deal, debt restructuring plans to creditors tomorrow (Category: Breaking News)
- Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy (Category: Breaking News)
- Sri Lanka central bank chief says sovereign lenders yet to outline debt talks plans (Category: Breaking News)
The momentous event of the week-ended-today was the presentation of Budget 2024 by the President in his capacity as the Minister of Finance. Usually, Sri Lankan Presidents keep away from Parliament; not Ranil Wickremesinghe, and a jolly good move it is. The Island of Tuesday November 14 headlined the VI Event as: “Prez presents Budget […]
- Catherine W. ‘Cass’ Amiss (Category: USA, Indiana)
- Catherine W. ‘Cass’ Amiss (Category: USA, Indiana)
- Catherine W. ‘Cass’ Amiss (Category: USA, Indiana)
- Catherine W. ‘Cass’ Amiss (Category: USA, Indiana)
By Saman Indrajith TNA Jaffna District MP M.A. Sumanthiran told Parliament on Wednesday that Rajapaksa brothers had enough money to compensate 22 million people in the country. Participating in the second reading debate on Budget 2023, MP Sumanthiran said that his party welcomed the Supreme Court determination that ex-President Gotabaya Rajapaksa, along with former Finance […]
- Sumanthiran launches blistering attack on Supreme Court (Category: Breaking News)
- Sumanthiran raises serious concerns over amendment to Poisons, Opium and Dangerous Drugs Ordinance (Category: Breaking News)
- Budget 24: Economy Collapsed Because Public Money Has Been Stolen By MR & His Brothers (Category: Breaking News)
- Opposition slams govt. for move to undermine judiciary (Category: Breaking News)
[…]The post Budget 24: Economy Collapsed Because Public Money Has Been Stolen By MR & His Brothers appeared first on Colombo Telegraph.
- Sumanthiran: Rajapaksas have enough money to compensate 22 million Sri Lankans (Category: Breaking News)
- Elections & Economic Recovery (Category: Breaking News)
- Regular Elections Are The Foundation Of Democratic Society (Category: Breaking News)
- Law In Crisis: Government Is Still Controlled By Kaputu Kāk Kā (Category: Breaking News)
A heightened emphasis on lending has seen the Commercial Bank Group increase gross loans and advances by Rs 51.404 billion in the third quarter of 2023 at a monthly average of Rs 17.135 billion, growing its loan book by 4.33% over three months to Rs 1.239 trillion and reversing the trend of the first half […]
- Sampath Bank posts steady results for First Quarter of 2024 (Category: Breaking News)
- ComBank stays on growth trajectory in 2023 with notable Q4 performance (Category: Breaking News)
- CBSL raises over Rs. 127 billion in treasury bond action (Category: Breaking News)
- CBSL raises over Rs. 142 Bn through Treasury Bond auction today (Category: Breaking News)
[…]The post On “Reaching For The Stars” & Some Troubling Issues appeared first on Colombo Telegraph.
- Plans, Teams & Mis-Steps (Category: Breaking News)
- Responsible Investment Of Borrowed Money; Could This Be A Way Forward? (Category: Breaking News)
- Release Of Port City Tripartite Agreement Will Disclose What Sri Lankan Citizens Have Lost (Category: Breaking News)
- Financial Crisis As Seen By A Non-Economist (Category: Breaking News)
Budget highlights Following are the highlights of Budget proposals made by President Ranil Wickremesinghe in Parliament yesterday: New economic and political system The President said in order not to fall back into a crisis, the economic and political system of Sri Lanka must be created anew. He said that a new social consensus should be […]
- Prez presents Budget to ‘build foundation of Sri Lanka’s recovery’ (Category: Breaking News)
- Sri Lanka’s Budget Speech 2024 (Category: Breaking News)
- President presents budget replete with reforms (Category: Breaking News)
- Eran proposes raising PAYE threshold to Rs 200,000 a month (Category: Breaking News)
* Tax revenue to be raised by 47.1% in 2024 * Rs 10,000 increase for public sector workers * Pensioners to get Rs 2,500 allowance * Rs. 450 bn reserved for bank recapitalization * Four new universities to be established * 20% of state banks to be given off by Saman Indrajith President Ranil Wickremesinghe, […]
- Budget 2024 (Category: Breaking News)
- Sri Lanka’s Budget Speech 2024 (Category: Breaking News)
- A high-wire act (Category: Breaking News)
- President presents budget replete with reforms (Category: Breaking News)
Tuesday 14th November, 2023 President Ranil Wickremesinghe told Parliament yesterday that Budget 2024 was intended to “build the foundation of Sri Lanka’s recovery”. “We cannot continue as a people who depends on others,” he said. What he has chosen to leave unsaid is that the budget primarily seeks to keep the IMF bailout on track […]
- Eran proposes raising PAYE threshold to Rs 200,000 a month (Category: Breaking News)
- 2024 budget process begins with govt. presenting Appropriation Bill (Category: Breaking News)
- VAT 18% from next year (Category: Breaking News)
- Godahewa says President by his erratic behavior has become misfit to run country (Category: Breaking News)
* Lankan universities have been running with no more than 60 percent of the cadre of teachers approved for them and now perhaps less. * Upper secondary schools are run with no teachers for mathematics, physics and information technology. * University teachers are emigrating in droves, driven away into uncertain lives in other countries. *In […]
- A Budget to dismember state universities (Category: Breaking News)
- Universities in crisis: Key learnings (Category: Business)
- Budget 2024 (Category: Breaking News)
- A people’s university and a national crisis (Category: Breaking News)
Sri Lanka's government projected a lower-than-anticipated budget deficit for 2024 on Monday on the back of a significant jump in revenues which are crucial to keep its bailout programme from the International Monetary Fund afloat.The post Sri Lanka’s 2024 budget sets ambitious revenue, deficit targets appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka balances polls and crisis recovery in 2024 budget deliberations (Category: Breaking News)
- Sri Lanka plans new budget 2022, original targets cannot be achieved: PM (Category: Breaking News)
- Sri Lanka’s president to cut spending in interim budget (Category: Breaking News)
- Sri Lanka’s 2023 budget aims to put crisis-hit economy back on track (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe in his capacity as Minister of Finance commenced presenting the Budget Speech 2024 at 12:00 PM today (November 13).The post Sri Lanka’s Budget Speech 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s Interim Budget Speech 2022 (Category: Breaking News)
- Sri Lanka’s Budget Speech 2023 (Category: Breaking News)
- Prez presents Budget to ‘build foundation of Sri Lanka’s recovery’ (Category: Breaking News)
- Rs.500M for healthcare improvement (Category: Breaking News)
[…]The post Budget 24: High Aspirations Amidst Mounting Challenges But Options Are Limited appeared first on Colombo Telegraph.
- Citizens Should Be Aware Of The Burden Of Total Government Expenditure (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
- Evil Is Not Mere Money Printing, But Unbridled Government Expenditure (Category: Breaking News)
- Current State Of Sri Lankan Economy, According To Dhananath Fernando (Category: Breaking News)
[…]The post Democracy A Global Sine-Qua-Non: Social-Liberal-Electoral Or Whatever appeared first on Colombo Telegraph.
- Lula’s Slender Congressional Majority; Time To Mobilise! (Category: Breaking News)
- November 29 – UN Created Israel (Category: Breaking News)
- Genocide Of Palestinian Began Since 1948 (Category: Breaking News)
- Social Democracy, The NPP’s Tasks & Global Extremism (Category: Breaking News)
sector is essential for the economy, businesses and individuals, small […]
- Lanka signs World Bank $150 Mn deposit insurance loan (Category: Breaking News)
- Non Bank sector deposits increase, as public confidence improves – Central Bank (Category: Breaking News)
- CB eases lending and deposit interest rates (Category: Breaking News)
- Sri Lankan economy seen as showing consolidation over past several months (Category: Breaking News)
The World Bank’s Board of Executive Directors today approved $150 million in financing for Sri Lanka to strengthen the resilience of the financial sector.The post World Bank approves $150 million to strengthen financial sector in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- $150 million from World Bank to strengthen Sri Lanka s financial sector (Category: Breaking News)
- World Bank approves $150 Mn to strengthen Lanka’s financial sector (Category: Breaking News)
- Lanka signs World Bank $150 Mn deposit insurance loan (Category: Breaking News)
- Sri Lanka to borrow USD 150mn from World Bank (Category: Breaking News)
[…]The post Who Is The Terrorist In The Israeli War On Gaza? appeared first on Colombo Telegraph.
- Isn’t It Time For Sri Lanka To Expel Israelis? (Category: Breaking News)
- Israel – Most Condemned UN Member (Category: Breaking News)
- 29 November 1947: United Nations Created Israel In Palestine (Category: Breaking News)
- Condoning Israeli Aggression & Condemning Palestinian Resistance (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe will seek to boost tax revenue and rationalise spending in the government’s second full-year budget on Monday, targeting a return to growth for the crisis-hit economy while keeping an eye on elections.The post Sri Lanka balances polls and crisis recovery
- Sri Lanka’s 2024 budget sets ambitious revenue, deficit targets (Category: Breaking News)
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
- Sri Lanka to receive about $600 million ADB funding post-IMF approval – official (Category: Breaking News)
- Sri Lanka’s 2023 budget aims to put crisis-hit economy back on track (Category: Breaking News)
[…]The post Middle East Conflict: Why We Should Support Israel? appeared first on Colombo Telegraph.
- Isn’t It Time For Sri Lanka To Expel Israelis? (Category: Breaking News)
- Condoning Israeli Aggression & Condemning Palestinian Resistance (Category: Breaking News)
- Genocide Of Palestinian Began Since 1948 (Category: Breaking News)
- Between Pax Americana & Eretz Israel Palestine Withers (Category: Breaking News)
[…]The post SOE 2023: IPS Offers Some Inputs To Proposed Growth Lab appeared first on Colombo Telegraph.
- Child’s Guide To Ranilnomics: Don’t Ignore The Message Delivered By IPS SOE22 (Category: Breaking News)
- Plan For Transforming The Economy: Lacking Democratic Policy Governance, Will It Be Another Fail... (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- IMF Facility? Is It Sufficient To Deliver Prosperity To Sri Lankans? (Category: Breaking News)
By N Sathiya Moorthy In a television interview last month, Foreign Minister Ali Sabry reportedly said that the Government of President Ranil Wicrkemesinghe has taken ‘substantial steps to move away from a Welfare State’ in the last 18 months. And he said it not as if it was inevitable under the nation’s economic circumstances and […]
- After privatisation, who is going to feed the ‘gutter people’? (Category: Breaking News)
- IMF does not support providing subsidies to everyone in Sri Lanka (Category: Breaking News)
- IMF says economic recovery in Sri Lanka remains challenging (Category: Breaking News)
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
The World Bank’s Managing Director for Operations, Anna Bjerde, concluded her four-day visit to Sri Lanka on Wednesday (November 01), encouraging the Government of Sri Lanka to stay the course on reforms for recovery and sustainable growth.The post World Bank’s Managing Director urges need for reform continuity, concludes visit to Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaki...
- WB s Managing Director concludes visit to Sri Lanka, stresses need to pursue reforms, invest in ... (Category: Breaking News)
- World Bank calls on Sri Lanka to stay the course on reforms (Category: Breaking News)
- World Bank’s High-Level Visit Marks Milestone in Advancing Climate-Smart Agriculture in Sri Lank... (Category: Breaking News)
- World Bank s high-level visit marks milestone in advancing climate-smart agriculture in Sri Lank... (Category: Breaking News)
Sri Lanka’s digital retail payments are poised for remarkable expansion, with the potential to reach up to Rs 77.2 trillion by 2027, according to analysis by Robocash Sri Lanka. This represents a substantial 128 percent increase from the 2022 level. The optimistic forecast by the company is contingent on the assumption that all major macroeconomic […]
- President promises five percent economic growth in 2026/27 under current economic policies (Category: Breaking News)
- Prez presents Budget to ‘build foundation of Sri Lanka’s recovery’ (Category: Breaking News)
- Sri Lanka Insurance makes record profit of Rs. 7.7 billion before taxation for 2022 first half (Category: Breaking News)
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
Cassandra is sick to her innermost core seeing on TV daily, multiple protests of motley crowds toting banners and marching all across roads and in many instances being tear gassed and water cannoned. She is sure that like her, five sixths of adult citizens in this doomed and gloomed land are sick of these protests. […]
- Cass County sheriff's office investigates latest ATM theft (Category: USA, North Dakota)
- Cass County sheriff's office investigates latest ATM theft (Category: USA, North Dakota)
- Cass County sheriff's office investigates latest ATM theft (Category: USA, North Dakota)
- Cass County sheriff's office investigates latest ATM theft (Category: USA, North Dakota)
President Ranil Wickremesinghe, on Wednesday night, speaking at the National Industry Awards ceremony, acknowledged the challenging decision to increase the Value Added Tax (VAT) to 18 percent, emphasising the imperative need to maintain economic stability. National Industry Excellence Awards 2023 was held at the Nelum Pokuna Theatre in Colombo. President Wickremesinghe stressed the importance of ...
- Prez promotes use of AI in local film industry (Category: Breaking News)
- French President Emmanuel Macron to visit Sri Lanka today (Category: Breaking News)
- Bank loan concessions for small- medium-scale industries in upcoming budget  President (Category: Breaking News)
- President, GL receive awards (Category: Breaking News)
As Sri Lanka recovers from a series of unprecedented shocks with devastating impacts, it is crucial to stay the course on sound and timely reforms in order to stabilize the economy, World Bank Managing Director for Operations, Anna Bjerde, said. Anna Bjerde, who concluded a four-day visit to Sri
- World Bank and IMF discuss Sri Lanka’s reform agenda (Category: Breaking News)
- World Bank’s Managing Director urges need for reform continuity, concludes visit to Sri Lanka (Category: Breaking News)
- WB s Managing Director concludes visit to Sri Lanka, stresses need to pursue reforms, invest in ... (Category: Breaking News)
- World Bank reiterates support to stabilize Sri Lanka s economy (Category: Breaking News)
Weeks of mounting political tension have erupted into protests and bloodshed in Bangladesh, leaving the country on edge ahead of general elections due in January. Several senior opposition leaders were arrested last Sunday, a day after a massive rally against the government turned violent, resulting in the deaths of at least two opposition supporters. The rejuvenated […]
- Hezbollah steps back from all-out war on Israel over Gaza – for now (Category: Breaking News)
- Taiwan elects William Lai president in historic election (Category: Breaking News)
- World leaders in India for G20 summit (Category: Breaking News)
- Australians vote No in historic referendum (Category: Breaking News)
By Shamindra Ferdinando Justice Minister Dr. Wijeyadasa Rajapakshe, PC, has said the Foreign Exchange Act No 12 of 2017, enacted during the Yahapalana administration was meant to facilitate the operations of those who exploited the system for their benefit. The new Act had repealed the Exchange Control Act of 1953, Dr. Rajapakshe said, adding that the Yahapalana move […]
- SLPP rebels propose amendments to 2017 Foreign Exchange Act to overcome financial crisis (Category: Breaking News)
- Little headway in cleaning mess (Category: Breaking News)
- Justice Minister alleges NARA causes massive revenue losses, opposes remedial measures (Category: Breaking News)
- Proper procedure to be introduced to burn 3,000kg of seized narcotics (Category: Breaking News)
• Profit before Tax accelerated 100.75% to LKR 7,181 Mn • Overall Statutory Liquid Assets Ratio is 39.10% at 30 Sept ‘23 • Total Capital Adequacy Ratio of 15.29% as at 30 Sept ‘23 Seylan Bank announced an impressive Profit after Tax (PAT) of LKR 4.49 billion for the nine months ended September 30, 2023, […]
- ‘People’s Bank continues to maintain steadfast performance’ (Category: Breaking News)
- ‘Bank of Ceylon reiterates its leadership position with industry leading performance’ (Category: Breaking News)
- Lending-focused ComBank posts robust Q3 balance sheet growth (Category: Breaking News)
- Sampath Bank posts steady results for First Quarter of 2024 (Category: Breaking News)
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