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a “full explanation” of Sri Lanka’s financial crisis on […]
- Political risks still challenge Sri Lanka s emergence from default- Fitch Ratings (Category: Breaking News)
- Fitch Ratings downgrades Sri Lanka to ‘Restricted Default’ from ‘C’ (Category: Breaking News)
- Fitch affirms SLT at B+ Revises outlook to positive (Category: Breaking News)
- Fitch Affirms Sri Lanka Telecom Debt Ratings with Positive Outlook (Category: Breaking News)
Prime Minister Wickremesinghe says the Government is facing an immediate challenge of securing funds to pay for the fuel requirement for this coming week. He said that due to the dollar shortages in the banks, the Government is now exploring other options of securing the necessary funding. Meanwhile, Prime Minister Ranil Wickremesinghe held discussions with […]
- Vesak Day at GotaGoGama (Category: Breaking News)
- Protesting against a hidden deal (Category: Breaking News)
- Police fire tear gas and water cannons on IUSF students (Category: Breaking News)
- Protest march held to mark 50 days of Galle Face struggle (Category: Breaking News)
It will then be presented to the cabinet of ministers for approval, the PM’s office said in a statement.
- Government land policy is fair- Keheliya (Category: Breaking News)
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
Lack of parliament majority could drag the new prime minister's economic recovery plans
- Sri Lanka’s main opposition decides to conditionally support to new government (Category: Breaking News)
- Confirmed petrol shipment due on 22nd of July (Category: Breaking News)
- President urges China to change tune on debt (Category: Breaking News)
- Sri Lanka’s new finance minister faces challenge of winning back international confidence (Category: Breaking News)
India has helped Sri Lanka with nearly 3.5 billion US dollars so far this year.
- Rajapaksa’s party is key to deciding Sri Lanka’s new president (Category: Breaking News)
- Sri Lankans express anger, frustration over president’s tweet after cricket win (Category: Breaking News)
- Sri Lanka opposition MP says agreed with rival on post-presidential vote economy (Category: Breaking News)
- Sanath Jayasuriya discusses tourism with Indian envoy (Category: Breaking News)
[…] The post Delayed IMF Assistance & The Fertilizer Ban: President Rajapaksa’s “Two Mistakes” That Pauperized Sri Lanka appeared first on Colombo Telegraph.
- Sri Lanka on brink of food crisis after economic meltdown (Category: Breaking News)
- Crisis-hit Sri Lanka’s president requests help from Indian, Chinese, Middle East envoys – PMD (Category: Breaking News)
- What The President Can Do Before He Goes (Category: Breaking News)
- Sri Lanka Agripreneurs’ Forum recommends 10 proposals to overcome food crisis (Category: Breaking News)
[…] The post Lack Of Accountability, Ability & Credibility appeared first on Colombo Telegraph.
- Changing Pillows To Cure Headaches: Concepts, Solutions & Actions (Category: Breaking News)
- President Must Resign Now! (Category: Breaking News)
- Debt Trap, Lack Of Accountability & Blunders (Category: Breaking News)
- Changing Pillows To Cure Headaches: Politicians—Constitutional Amendment Mess (Category: Breaking News)
[…] The post A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War appeared first on Colombo Telegraph.
- Ripples In The Indian Ocean: Yuan Wang 5 & Easter Sunday 2019 (Category: Breaking News)
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (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)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
The Sri Lanka Institute of Marketing (SLIM) together with the Bucks University featured the 2012 award winners from Singapore of global business associations and chief marketing officers under the theme ‘Is The Party Over?’ at Galadari Hotel, where a select audience of 200 business and marketers attended the event. Some of the key points discussed ...
- Honoured for driving marketing in Sri Lanka (Category: Business)
- New tea industry model: By default? (Category: Business)
- Focus on the magic than logic (Category: Business)
- Sri Lanka can be a top 30 country by 2015 (Category: Business)
Reuters: Indian Finance Minister P. Chidambaram sought on Monday to allay investor worries about an economy growing at its weakest pace in almost a decade by pledging to address their concerns over taxes, public finances and interest rates. In his first comments since becoming finance minister on July 31, Chidambaram said it was important to ...
- Indian Finance Minister urges officials not to hound taxpayers (Category: Business)
- Surprise industrial slump adds to India’s economic woes (Category: Business)
- India’s growth will be weaker than expected (Category: Business)
- May revise India growth forecast for 2011-12 to 6.5%: Moody’s (Category: Business)
financial crisis was one of the strongest among middle-income countries (MICs), but its growth ...
- RAM upgrades CDB Finance ratings to BBB/P2 with a stable outlook (Category: Business)
- Indian auto firm Atul plans CKD unit in Sri Lanka (Category: Business)
- Asian economies: Managing spillovers and advancing economic rebalancing (Category: Business)
LONDON (Reuters): Britain’s economy shrank far more than expected in the second quarter, battered by everything from an extra public holiday to government spending cuts and the neighbouring euro zone crisis. Finance minister George Osborne said figures released on Wednesday showed Britain had “deep-rooted economic problems,” adding that the slump in the second quarter was ...
- Indonesia’s tourism sector to focus on emerging markets (Category: Business)
- Growth is better than expected – CB (Category: Business)
- Growth gloom (Category: Business)
- Global 2012 rubber output forecast revised up: ANRPC (Category: Business)
Global Foreign Direct Investment (FDI) inflows rose 16 per cent in 2011, surpassing the 2005-2007 pre-crisis level for the first time, despite the continuing effects of the global financial and economic crisis and the current debt crisis in Europe, UNCTAD’s annual survey of investment trends reports. The World Investment Report 20121, subtitled ‘Towards a New ...
- Global FDI defies crisis to jump 17% to $ 1.5 trillion in 2011 (Category: Business)
- Global FDI slumps as debt crisis scares M&A away: UN report (Category: Business)
- UNCTAD moots new generation of investment policies for sustainable development (Category: Business)
- Global trends in investment (Category: Business)
By Shamil Samsul Mueen 1. Introduction The global financial crisis has raised imperative issues concerning the stability and reliability of existing financial systems. This has driven an extensive global re-examination on the competence of the existing financial architecture and the search
- HNB launches Al-Najah Islamic banking unit (Category: Business)
- Islamic finance: Challenges and opportunities (Category: Business)
- Islamic banking and finance advisory services to assist financial institutions (Category: Business)
BANGKOK (IPS): The just-ended United Nations sustainable development summit in Rio de Janeiro has exposed the discomfort that many developing Asian countries have over buzz words like ‘green economy’ and ‘green growth’ in development diplomacy. With the Economic and Social Commission for Asia and the Pacific (ESCAP), the U.N. regional development arm, endorsing these concep...
- Challenging times for Asia Pacific (Category: Business)
- Green economy and impact on trade (Category: Business)
- More challenging global environment ahead for Asia Pacific region (Category: Business)
The Standard and Poor’s (S&P) Rating Services assigned a score of 8 (very high risk) to the Sri Lankan economy and banking industry last week. The role of ratings agencies in the lead-up to the global financial crisis (2008) was certainly highly questionable. There are also issues related
- Way out to fix the sick external sector: Getting back to IMF’s fold a must now (Category: Business)
- Commendable start; now for the finish (Category: Business)
- Taming the ‘monsters’ (Category: Business)
- Limits of statist development or state capitalism (Category: Business)
MUMBAI (Reuters): India’s natural rubber imports are likely to drop by 27% to 150,000 tons in the current year to end-March 2013 as local output rises and international prices make imports less attractive, a senior government official said. The world’s fourth-biggest producer of natural rubber imported 205,433 tons of the tyre-making raw material last year, ...
- India’s June natural rubber imports up 11% (Category: Business)
- India’s rubber imports drop, inventory ample (Category: Business)
- India’s natural rubber imports dip 17% (Category: Business)
- India rubber seen up on global cues, supply drop (Category: Business)
Reuters: Loose global monetary conditions are stoking credit and asset price booms in some emerging markets that could lead to a new financial crisis, the Bank for International Settlements warned on Sunday. Such a boom-and-bust cycle might have severe global repercussions, not least due
- Bubble Fears (Category: Business)
- Demands on bank assets pose “vicious cycle” danger (Category: Business)
- Rebalancing (Category: Business)
- Islamic markets seen leading global trade volumes (Category: Business)
BEIJING (Reuters): Fresh fears over the global economy could unravel the benefit of cheaper oil prices and keep a lid on financial forecasts for the airline industry when its chiefs gather in China for their annual summit. An eight percent drop in oil prices this year has delivered a quick fix to an industry severely ...
- Mobius bets on further oil price increases (Category: Business)
- Global shipping downturn worse than 2008-China (Category: Business)
- Aviation industry leaders to meet in Beijing on Monday (Category: Business)
- Freight rate price war not an option: Maersk CEO (Category: Business)
Reuters: The European Space Agency is hatching plans for a branding campaign aimed at making people more aware of the benefits of spending their hard-earned taxes on the International Space Station (ISS). The list of products and technologies that have their roots in space research is long, from memory foam to the in-ear thermometer, but ...
- Russia plans orbiting hotel in space (Category: Business)
- China’s space success linked with its larger political, diplomatic goals: Report (Category: Breaking News)
- SpaceX rocket lifts off for space station trial run (Category: Business)
- SpaceX capsule docks at space station, opens new era (Category: Business)
SINGAPORE (Reuters): Asia’s economic growth probably troughed in the first quarter but a bounce-back may be muted, a Reuters poll showed. Although the fear factor has faded over Europe’s debt crisis and a slowing U.S. economy, both will still be a drag on growth rates in the region. Respondents in a quarterly survey of over ...
- China can easily boost consumtion to strengthen its economy: IMF (Category: Business)
- Asia growth to slow in 2012, no China crash seen (Category: Business)
- Airbus sees China, Asia as recession buffer (Category: Business)
- ‘Pessimism’ over Asia-Pacific growth: survey (Category: Business)
BERLIN/FRANKFURT, (Reuters): Volkswagen’s Audi unit has agreed to buy thoroughbred Italian motorcycle maker Ducati for about 860 million euros ($1.12 billion) including debt, two people familiar with the matter told Reuters on Tuesday. The deal allows VW chairman Ferdinand Piech, who has long coveted Ducati and himself owns one of their super bikes, to make ...
- Audi CEO: Auto industry faces tougher year in 2012 (Category: Business)
- Audi sales in India up 47% in March (Category: Business)
- Rossi to rejoin Yamaha after leaving Ducati (Category: Business)
- Audi plans 13 b euro investments to 2016 (Category: Business)
AMMAN (Reuters): Hussein Dabbas, President and CEO of Royal Jordanian Airlines(RJ), said he had resigned after almost three years as head of the state airline following a tough year for both the company and the industry due to regional political turmoil. “It has been a very tough year for the airline industry as a whole ...
- SIA names its new low cost airline ‘Scoot’ (Category: Business)
- ‘Loss leader’ airline for profitable tourism? (Category: Business)
- Pretty peddler of drugs a flight stewardess (Category: Breaking News)
- Cargo Carrier (Category: Business)
While the government is fully capable of dealing with any pressures that come from Geneva, New York or Washington, it is the public servants and heads of corporations who should ensure good governance to improve the image of the country internationally, said President Mahinda Rajapaksa. Addressing a gathering of public servants, heads of state corporations, ...
- “Miraculous Sri Lanka” goal can be reached through public service dedication (Category: Breaking News)
- Economic hubs should take correct decisions to meet public needs – Basil Rajapaksa (Category: Breaking News)
- Commit to fulfill responsibility of publishing accurate information - President tells media secr... (Category: Breaking News)
- UPFA SAYS ELECTION VICTORY IS A STRENGTH TO FACE GLOBAL CHALLENGES (Category: Breaking News)
By Nirmala Kannangara Despite the government imposing a major hike in fuel prices in February, the Ceylon Petroleum Corporation (CPC) is still facing a severe financial crisis, trade unions said. Secretary of the Jathika Sevaka Sangamaya (Petroleum Branch) Ananda Palitha said that the CPC is facing
- UNP holds Petroleum Minister responsible for substandard diesel fiasco (Category: Business)
- CPC Suspends Fuel Supplies To Power Plant (Category: Breaking News)
- New headquarters for Petroleum Corporation, more fuel stations in North (Category: Business)
- Govt. Removes Rs. 15 Petrol Tax (Category: Breaking News)
Citizens should make a noise The Central Bank’s former Assistant Governor and its long-time Director of Statistics, Dr. Anila Dias Bandaranaike, at a recently held exporters’ forum, expressed the view that the business community should make it their business to discuss, debate and deliver their views on economic policies being formulated by the country’s policy ...
- Flexible exchange rates and impact on exporters (Category: Business)
- Economic management and the way forward (Category: Business)
- A monetary constitution to add on to the legal constitution? (Category: Business)
NEW DELHI (Reuters): India’s businesses, already facing high interest rates and a global economic slowdown, worry that the finance ministry will ask them to shoulder a bigger tax burden in the budget set for release on Friday to trim the fiscal deficit. After a drubbing in recent state elections, the government has little room to ...
- Obama unveils big spending election-year budget (Category: Business)
- Growth to slow down in 2012 –Central Bank (Category: Breaking News)
- India says fiscal deficit target will be hard to meet (Category: Business)
- IMF welcomes Sri Lanka’s reforms announced in the budget (Category: Breaking News)
Reuters: The Congress party’s drubbing in assembly elections proved beyond doubt that its populist politics failed to resonate with voters, and yet investors and consumers alike are bracing for more of the same from the besieged ruling party. Hemmed in by maverick allies and the fallout from a slew of corruption scandals, the Congress party-led ...
- Indian Govt. suspends foreign supermarket entry after backlash (Category: Business)
- Rahul Gandhi may succeed as Congress chief in weeks — report (Category: Business)
- India chooses President, reforms seen on agenda (Category: Business)
- Ailing matriarch Sonia puts Gandhi dynasty at crossroads (Category: Business)
Reuters: Leading economies told Europe it must put up extra money to fight its debt crisis if it wants more help from the rest of the world, piling pressure on Germany to drop its opposition to a bigger European bailout fund. Euro zone countries pledged on Sunday, at a meeting of finance leaders from the ...
- G20 moves to line up huge rescue deal for April (Category: Business)
- G20 pushes for extra steps from Europe on crisis (Category: Business)
- IMF seeks more funds; G20 to discuss (Category: Business)
- Euro zone crisis set to dominate G20 meeting in Paris (Category: Business)
By: Surendra Ajit Rupasinghe In the mid nineteen eighties, the Philippines was rocked by a sustained people’s resistance movement that finally deposed of the hated and corrupt dictator, Ferdinand Marcos, who had to flee the country in a US Air Force helicopter. The Catholic Church, representing the majority of the people, played a critical role ...
- SJB offers free legal assistance to anyone to be charged under OSB (Category: Breaking News)
- What does ‘strategic partnership’ with the US entail? (Category: Breaking News)
- The need of the hour is a broad civil rights movement uniting all progressive forces (Category: Breaking News)
- JVP’s message for International Workers’ Day 2023 (Category: Breaking News)
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