@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
6221 results found in 2312 ms
Page 2 of 208
IMF staff and the Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the first review of the 48-month EFF-supported programme. Sri Lanka will have access to SDR 254 million (about 330 million U.S Dollars) in financing once the review is approved by the IMF Management and IMF Executive Board. Macroeconomic […]
BEIJING, Oct. 20 (Xinhua) ––Chinese President Xi Jinping on Friday met with Sri Lankan President Ranil Wickremesinghe, who is in Beijing for the third Belt and Road Forum for International Cooperation. Noting that Sri Lanka was one of the first countries to join the Belt and Road Initiative, Xi said China stands ready to work […]
The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.The post IMF wants strong budget, narrower deficit from Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka and the International Monetary Fund (IMF) have reached a staff-level agreement on economic policies to conclude the first review of US $ 3 billion, 48-month, Extended Fund Facility (EFF).The post Sri Lanka reaches IMF staff-level agreement on first review appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
New pricing formula to be announced today By Shamindra Ferdinando Samagi United Trade Union Force (SUTUF) convener Ananda Palitha yesterday (19) said that the Public Utilities Commission (PUC) and the CEB would announce an increase in power tariffs shortly regardless of a previous decision to restrict the number of electricity revisions to two a year. The CEB […]
The International Monetary Fund (IMF) and Sri Lanka have reached a crucial staff-level agreement which is now subject to the approval by IMF management and the IMF Executive Board. After constructive discussions with the authorities in Colombo and during the Annual Meetings in Marrakech, IMF Senior Mission Chief for Sri Lanka Peter Breuer and Deputy […]
China today assured medium and long-term support for Sri Lanka, during talks between President Ranil Wickremesinghe and Chinese Finance Minister Liu Kun. The Chinese Finance Minister reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term program that is mutually beneficial to both parties and aimed at optimizing Sri Lanka’s […]
Chinese Finance Minister, Liu Kun, has reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term program that is mutually beneficial to both parties and aimed at optimizing Sri Lanka’s debt.The post Chinese Finance Minister assures an extensive commitment from China to enhance Sri Lanka’s credit optimization appeared first on ONLANKA ...
Maria Fernanda Garza, the Chair, of the International Chamber of Commerce (ICC), arrived in Sri Lanka today. The ICC, representing 170 countries with a corporate membership of 45 million companies, is the largest and most influential business organisation globally. Her first visit to Sri Lanka will encompass meetings with business and government leaders. Greeting her […]
Sri Lanka is taking an unfavorable view toward a proposal by foreign dollar bondholders for restructuring its debt, signaling possible complications in negotiations that are key for accessing further funding to support its economic recovery. “This proposal has not received a favorable response from Sri Lanka,” the Ministry of Finance said in an official statement, […]
Vietnam and Sri Lanka have agreed to formulate a comprehensive action plan to bolster the relationship between both countries. Vietnamese President Vo Van Thuong also expressed Vietnam’s willingness to serve as a bridge for enhancing relations between Southeast Asia and Sri Lanka. He emphasized that Vietnam is committed to taking the initiative in strengthening economic, […]
Let us set the record straight, officially Retired Rear Admiral Sarath Weerasekera recently declared that in his capacity as Chairman of the Sectoral Oversight Committee on National Security he would present to President Ranil Wickremesinghe a comprehensive report on how the war was conducted. The recent US denial of a visa to Adm. Weerasekera underlines […]
President Ranil Wickremesinghe, who is on an official four-day trip to China, led the Sri Lanka delegation to Huawei’s research and development centre in Beijing today (17). President Wickremesinghe stressed the need for Sri Lanka to build a competitive digital and green economy
Chinese tech giant Huawei technologies has expressed its willingness to support an annual study programme aimed at nurturing software and hardware engineers in Sri Lanka.The post Sri Lanka President inked agreement with Huawei company for digitization of Sri Lanka’s schools appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The United States recognizes Sri Lanka’s right to assert its own aspirations and objectives to be recognized as an equal on the world stage. The U.S. Embassy Colombo, together with the Regional Center for Strategic Studies (RCSS) and the United States Institute of Peace (USIP), brought together scholars from across the Indo-Pacific for the conference […]
This week, China is throwing a huge party to celebrate one of its biggest experiments in engaging with the world: its Belt and Road Initiative (BRI). Officials and leaders from all over the globe are in Beijing to attend a high-level summit marking the BRI’s 10th anniversary. Participants expected to show up range from Vladimir […]
[…]The post New Mandates Before New Amendments appeared first on Colombo Telegraph.
By Jehan Perera The interest in the electoral process has suddenly been sparked off by news that the government is contemplating holding a referendum on abolishing the executive presidency. The reported concern is that no candidate at presidential elections to be held next year will achieve the 50 percent mark to win the presidency at […]
Maria Fernanda Garza, the Chair of the International Chamber of Commerce (ICC), is set to visit Sri Lanka in October 2023. The ICC, representing 170 countries with a corporate membership of 45 million companies, is the largest and most influential business organisation globally. Only Chamber to represented in United Nations, WTO and WIPO. Her first […]
WB pledges continuous technical support to the government and the private sector in shaping the 2030 strategy for a digital Sri Lanka.
by M. Rizwan Muzzammil According to an article in ‘The Diplomat’ (2nd Oct., 23), the Sri Lankan government has committed to supplying 70% of its domestic electricity, with renewable energy sources, by 2030, with the longer-term goal of achieving a fully renewable electricity supply by 2050. The government is incentivised by “debt-for-renewables swap”, which enables […]
In a pioneering move to bolster the small and medium-sized enterprise (SME) sector in Sri Lanka, the apex body of the ICT industry, FITIS, has unveiled the ÂDigiGo Digital Playbook for SMEs, the President s Media Division (PMD) said.
Even in a tournament with nine group-stage matches which allows room for a slip up or two, you don’t want to be 0-3 early in the competition. But that’s exactly the situation which will confront one of Australia and Sri Lanka after they face off in Lucknow in what already shapes as a contest to […]
[…]The post RW’s Political Dilemma appeared first on Colombo Telegraph.
In a pioneering move to bolster the small and medium-sized enterprise (SME) sector in Sri Lanka, the apex body of the ICT industry, FITIS, has unveiled the “DigiGo” Digital Playbook for SMEs. The launch event took place at a press conference recently at the President’s Media Centre, (PMC). Organized by the FITIS Digital Services Chapter, […]
[…]The post A Journey Down The Memory Lane, Flouters Of Democracy Have Got It In The Neck appeared first on Colombo Telegraph.
Video: Plans afoot to establish Japan-Sri Lanka Free Trade Zone to boost economy (English)
State Minister of Investment Promotion Dilum Amunugama on Friday (Oct. 13) announced plans to establish a Japan-Sri Lanka Free Trade Zone here.
The Ad Hoc Group of Bondholders of Sri Lanka has taken note of the progress Sri Lanka has made with its official sector creditors towards reaching an agreement in principle on a debt treatment within the framework of its IMF Programme. Consistent with the Group’s February 3, 2023 statement of financing assurances, and in line with the objectives which have been […]
Minister of State for Investment Promotion Dilum Amunugama, announced plans to establish a Japan-Sri Lanka Free Trade Zone in the country. He mentioned that the areas of Bingiriya and Iranavila have been selected for this purpose. The minister made this announcement during a news conference at the Presidential Media Centre, held under the theme ‘ Collective path to a stable country’.