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The founder of the Sarvodaya Shramadana Movement of Sri Lanka, Dr. A.T. Ariyaratne, passed away, his family announced. He was 92-years-old. He passed away at a private hospital in Colombo, Tuesday. Ariyaratne was nominated to the Constitutional Council as a civil representative in 2015. He received the Ramon Magsaysay Award for Community Leadership in 1969, […]
The government of Sri Lanka has concluded the initial restricted discussions with nine members of the Steering Committee of the Ad Hoc Group of Bondholders regarding its international sovereign bonds (ISBs).
Sri Lanka has failed to strike an agreement on restructuring about US$12 billion of debt with its bondholders, the Government said on Tuesday (Apr 16). “The steering committee did not agree to extension of restricted discussions,” it said in a regulatory filing. Following talks with bondholders on the sidelines of the International Monetary Fund and […]
When women in Pakistan held protests on International Women’s Day on March 8 this year, they did not just seek basic rights but also demanded the elimination of bonded labour.[1] The practice of bonded labour is widespread in Pakistan and is causing huge injustice to poor, helpless people despite the legal protection against modern-day slavery. […]
The International Monetary Fund (IMF) and Sri Lanka discussed the next steps to finalize the 2nd Review of the IMF programme. The discussion took place between State Minister of Finance Shehan Semasinghe and IMF Executive Director for India and Sri Lanka Dr. Krishnamurthy Subramanian. “It is always a pleasure to meet with Dr. Krishnamurthy Subramanian, […]
The Deputy Managing Director of the International Monetary Fund (IMF), Kenji Okamura has commended the Sri Lankan authorities on the implementation of a strong program and excellent reform progress, says Finance State Minister Shehan Semasinghe.
[…]The post Excitement Unleashed – Slot Games and Betting Options on Melbet Sri Lanka appeared first on Colombo Telegraph.
[…]The post Nettles Needing To Be Grasped By Future Leaders Of Sri Lanka appeared first on Colombo Telegraph.
Sri Lanka is looking forward to making progress in ending the ongoing debt restructuring negotiations at the IMF and the World Bank’s spring meetings, scheduled to begin from Monday, in Washington, PTI has reported. Shehan Semasinghe, the State Minister for fFnance, will lead the government delegation, along with Central Bank Governor Nandalal Weerasinghe, and Treasury Secretary […]
The “uncertainty” over the impending elections in Sri Lanka will cause a possible downward trend in the country’s economic outlook, the Asian Development Bank (ADB) has said, according to a PTI dispatch. Sri Lanka is set to face a presidential election in the last quarter of this year, while the parliamentary election is due mid-next year. […]
[…]The post Debate Over Profits Of Banks: Who Shares Them Ultimately? – Part II appeared first on Colombo Telegraph.
By Easwaran Rutnam Iran’s President Ebrahim Raisi is to visit Sri Lanka in May and launch several water projects, amidst rising tensions in the Middle East. According to the Tehran Times, Ebrahim Raisi will launch the Uma Oya Multipurpose project which includes two dams namely Dyraaba and Puhulpola and also 25 kilometers of water transmission […]
Ghana has failed to agree a deal with two bondholder groups to restructure $13 billion of international bonds, the government said on Monday, in a blow to its efforts to swiftly emerge from default and economic crisis.
A full year of conflict in Sudan has already caused immense suffering and death but the situation could easily worsen with the news that the warring parties are arming civilians, UN rights chief Volker Türk said on Monday. A year to the day since heavy fighting erupted between Sudan’s rival militaries, the UN High Commissioner […]
Located in Pelawatte, Siddhalepa introduces a sanctuary that transcends the ordinary – a haven where health and wellness intertwine seamlessly. Opening its doors this year, the new Siddhalepa branch blends the realms of wellness clinic, and store into a singular, transformative experience. Entering the branch is an invitation to a warm display, an ode to […]
Coca-Cola has announced Kaushali Kusumapala’s appointment as the new Country Director for Sri Lanka and Maldives, effective from 1st April 2024. Making history as the first Sri Lankan woman in this position, Kaushali succeeds former Country Director, Pankaj Sinha, who assumed the role in 2019. In this position, Kaushali will closely collaborate with bottling teams, […]
[…]The post The Impact Of The Next Election On The Economic Reforms appeared first on Colombo Telegraph.
In a recent exclusive interview with Newsweek magazine, Indian Prime Minister Narendra Modi provided a comprehensive overview of his government’s achievements, challenges, and the nation’s trajectory under his leadership. As India approaches a critical juncture with impending elections, Modi’s insights shed light on the complexities of governance amidst global trends and domestic...
Countries like Sri Lanka could benefit from debt-for-nature swaps, the UK based International Institute for Environment and Development (IIED) said. Reuters reported that debt-for-nature swaps, where poorer countries have debt written off in return for protecting ecosystems such as barrier reefs or rainforests, could provide $100 billion for the fight against climate change, a new […]
A woman from Madagascar has been arrested by Sri Lankan officials with cocaine capsules in her stomach. The Narcotics Control Unit of the Sri Lanka Customs department arrested the 38-year-old woman at the Bandaranaike International Airport (BIA). According to reports, the woman swallowed 75 cocaine capsules with an estimated street value of around Rs. 35 […]
The officers of the Narcotics Control Unit of Sri Lanka Customs have arrested a foreign national woman at the arrival terminal of the Bandaranaike International Airport (BIA) for attempting to smuggle cocaine capsules by ingesting them.
Sri Lanka s State Minister of Finance Shehan Semasinghe says that they expect fruitful engagements that will pave the way for unlocking the next tranche of essential IMF funding and a speedy debt resolution which will enhance economic stability, during the upcoming International Monetary Fund (IMF) and World Bank ÂSpring Meetings 2024.
Nepal batsman Dipendra Singh Airee became just the third man to hit six sixes in one over in an international T20 match when he achieved the feat against Qatar in Al Amerat on Saturday. He joins India’s Yuvraj Singh, who made his runs off England’s Stuart Broad in Durban in the 2007 World Cup, and West Indian […]
[…]The post Planning For A Year Of Elections appeared first on Colombo Telegraph.
Haiti has formally established a transitional council to fill a leadership vacuum by choosing a new prime minister, and to restore order in the Caribbean country ravaged by gang violence. A decree published in the official gazette announced the formation of the Presidential Transitional Council on Friday, a month after Prime Minister Ariel Henry said […]
The International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as its Managing Director for a second five-year term starting on October 1, 2024.The post Kristalina Georgieva selected for second term as IMF’s Managing Director appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as its Managing Director for a second five-year term starting on October 1, 2024.
The Executive Board of the International Monetary Fund (IMF) selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on October 1, 2024. The Board’s decision was taken by consensus. In line with the selection process it had established on March 13, 2024, the Board held several discussions, including with […]
[…]The post Recovery, Growth & Toxic Imports appeared first on Colombo Telegraph.
[…]The post Undemocratic Rule Of Modi’s India Is A Security Threat To South Asia appeared first on Colombo Telegraph.