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by Sanath Nanayakkare As the 3rd and 4th quarters of the Year 2022 are also likely to gravitate towards a tough time, the Bank of Ceylon needs to continue to focus on efficient handling of its resources and finances, BOC Chairman Kanchana Ratwatte said yesterday. He made these remarks when the Bank marked its 83rd […]
[…]The post Ranil’s Biggest Woe: What To Do When Fiscal & Monetary Policies Have Failed & Are Still Falling? appeared first on Colombo Telegraph.
in the banking system. Such shortage of […]
We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake
Sri Lanka’s president said Saturday that an agreement with the International Monetary Fund to help pull the bankrupt nation out of its economic crisis has been pushed back to September because of unrest over the past weeks.The post Sri Lanka leader says IMF agreement pushed back after unrest appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
[…]The post Presidential Dilemma: Find Fuel Or Face Protests appeared first on Colombo Telegraph.
The Central Bank of Sri Lanka (CBSL) has warned of stern action against market players who fail to fully comply with foreign exchange regulations. Issuing a statement, CBSL said that the bank and the Government have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor […]
Hambantota in southern Sri Lanka housed ousted President Gotabaya Rajapaksa following the recent crisis, until he was forced to flee the country entirely. That continues a trend of the city, and especially its strategic deep-sea port, being in the news for all the wrong reasons. In 2017, when Sri Lanka found itself struggling to make […]
After helping Sri Lanka with an unprecedented assistance of around $4 billion since January as the country plunged into a deep economic crisis, India is now planning to invest heavily in newer sectors through both private and public firms there, Gopal Baglay, high commissioner of India to Sri Lanka, told ThePrint in an interview.The post Long-term investments in Sri Lanka are India’s plan to...
[…]The post An Open Letter & Appeal To The IMF appeared first on Colombo Telegraph.
The government defaulted an interest payment of 78 million US dollar of a sovereign bond on May 19
Indian billion dollar credit line also works Undiyal fashion
[…]The post Economy Should Be The Top Priority Of The New (Or More Correctly The Old) Government appeared first on Colombo Telegraph.
The Tamil Nadu government dispatched the third tranche of relief material to crisis-hit Sri Lanka. With this, the total aid from MK Stalin’s government has crossed 40,000 tonnes of relief material. Stalin had earlier moved a resolution in the Tamil Nadu Assembly to send humanitarian aid to Sri Lanka. The first tranche was sent in […]
[…]The post 9th July Revolution Ousted Rajapaksa Dynasty; So, Let It Imprimatur appeared first on Colombo Telegraph.
[…]The post Good Bye Ranil; “Welcome” President Dulles Alahapperuma appeared first on Colombo Telegraph.
Sri Lanka’s Acting President Ranil Wickremesinghe today (July 18) stated that the absence of a proper Easter Sunday investigation has meant that this issue has still not been fully resolved and he is requesting the assistance of the UK Government and their intelligence services.The post Easter Attacks: Sri Lanka to seek assistance of UK Government & intelligence over Easter Sunday attacks ...
Acting President Ranil Wickremesinghe has warned of elements attempting to disrupt the peace. Issuing a special statement, Wickremesinghe said that these elements would be prohibited from disrupting the country’s progress. Wickremesinghe further stated that the peaceful protesters who had legitimate concerns would be engaged with by the Government and solutions would be found for them. […]
Sri Lanka has not reached any initial agreement with the IMF on debt relief, and its largest creditors - the Asian Development Bank (ADB) and the World Bank - are urged to come up with a package that would speed up its debt restructuring process, Sri Lanka’s Ambassador to China Palitha Kohona told the Global Times in an exclusive interview.The post Sri Lanka’s Ambassador to China urges ADB a...
India has surpassed China to become the top lender to Sri Lanka, as the former came to the rescue when Sri Lanka started experiencing some acute shortage of foreign currency from the beginning of the year which reached a breaking point in March causing a complete collapse of the country’s
Sri Lanka’s Acting President Ranil Wickremesinghe says that the issues which prevail in Sri Lanka with regard to hunger, are man made.The post The food crisis in Sri Lanka is man made, Acting President Ranil tells Global Forum appeared first on ONLANKA News - Sri Lanka News - Latest News Sri Lanka - Breaking News from Sri Lanka.
By Michael Rowand As Sri Lankan protesters stormed the presidential residence in Colombo, the Chinese Embassy released no statements and did not tweet. The Chinese Ministry of Foreign Affairs offered no comment until Monday afternoon, well behind others such as India, the European Union, and the United States. The French Embassy even retweeted a tweet […]
[…]The post The Destiny Of China’s Colony Of Sri Lanka appeared first on Colombo Telegraph.
[…]The post From Confrontation To Consensus appeared first on Colombo Telegraph.
By Jehan Perera There is an anxious calm after the unprecedented events of July 9. The Presidential Secretariat, President’s House and Temple Trees, which contain both the prime minister’s official office and residence, are in the hands of the people rather than the rulers. The Aragalaya protesters who occupy these buildings of state coexist in […]
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 at the Ministry of Foreign Affairs. During the discussion, Minister Peiris briefed […]
New Zealanders have been told to avoid non-essential travel to Sri Lanka due to the impacts of the economic crisis and the potential for civil unrest. An updated travel advisory issued by New Zealand today notes: Sri Lanka’s economic situation has deteriorated significantly in recent months. This has led to shortages of such basic necessities, […]
Says economy could contract 7-pct in 2022
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 […]
[…]The post Implement President’s Pledges To Revive Economy appeared first on Colombo Telegraph.