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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’.
Private creditors in Sri Lanka have submitted a restructuring proposal for the country’s $12 billion overseas debt, aiming to include a novel bond-type designed to ease repayments in the face of potential economic pressures, Reuters reported on Friday. The proposal, sent on 02 October, outlines a write-down on both capital and interest, the international news […]
The 11th Galle Dialogue International Maritime Conference, organized by the Sri Lanka Navy in collaboration with the Ministry of Defence and Geopolitical Cartographer (GC), commenced on October 12 at the Jetwing Lighthouse in Galle. Under the patronage of President and Commander-in-Chief of the Armed Forces, Ranil Wickremesinghe, and Commander of the Navy, Vice Admiral Priyantha […]
Sri Lanka's private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including a new type of bond designed to ease repayments in case of future economic pressure, said two sources with direct knowledge of the matter.The post Sri Lanka bondholders sent $12 billion debt rework proposal to government, sources say appeared first on ONLANKA - Sri Lanka Latest Breaking ...
By Uditha Devapriya One of Sri Lanka’s most distinguished yet underrated economists, S. B. D. de Silva died five years ago, on June 15. His magnum opus, The Political Economy of Underdevelopment, remains as underrated and under-read – one could say unread – as he. First published by Routledge
A vice-ministerial-level meeting of three countries jointly chairing discussions between creditor nations working to resolve Sri Lanka s debt problems has been held in Morocco.
… asks for early cross-party consensus By Shamindra Ferdinando Former Governor of the Central Bank Dr. Indrajith Coomaraswamy yesterday (11) threw his weight behind the International Monetary Fund’s (IMF) call for far reaching measures meant to stabilize the economy. The Washington
Output growth of South Asian countries, except Sri Lanka, is projected to remain stronger than in other regions of the world in the coming years, as per the World Bank’s latest South Asia Development Update, ‘Toward Faster, Cleaner Growth’. Growth in the region is stronger than elsewhere in the world, but it is nonetheless not […]
Video: President invites private sector to make Sri Lanka’s economy more sustainable and tech-dr...
The International Monetary Fund (IMF) says despite the early signs of stabilization, Sri Lanka s full economic recovery is not yet assured.
President Ranil Wickremesinghe has invited the private sector to actively participate in the nation s journey towards a sustainable, technology-driven economy.
Australia is seeking trade and investment framework arrangement with Sri Lanka. Australian Assistant Minister for Foreign Affairs Tim Watts, MP, who is in Colombo for the Indian Ocean Rim Association (IORA) Council of Ministers said that their growing economic ties with Sri Lanka would be enhanced through the signing of a renewed Trade and Investment […]
USD 73 mn down the drain? The US Embassy is on record as having said that USAID conducted a project at a cost of USD 73 mn during the Yahapalana administration (2015-2019) to enhance the efficiency of lawmakers and be responsive to the people they represent. In terms of this project, 50 Research Assistants of […]
Infinite Group, a global leader in the education sector with a presence in over ten countries worldwide, is leading the charge in revolutionising education services in Sri Lanka. Despite the economic downturn that saw the Sri Lankan economy shrink by 11.5% in the first quarter of 2023, Infinite
[…]The post New CBSL Act – Monetary Policy – Interest Rates Et Al. appeared first on Colombo Telegraph.
Japanese Parliamentary Vice-Minister of Foreign Affairs, Komura Masahiro stated that his country would continue to support Sri Lanka s economic recovery process and congratulated the government for stabilizing the economy during a short span of time and making further progress.
Tuesday 10th October, 2023 President Ranil Wickremesinghe has reportedly taken exception to his likeness being used in cutouts, banners, posters, etc., and banned such representations of him. The erection of a cutout of Ozymandian proportions carrying his picture in Batticaloa is said to have irked him beyond measure. He had it removed immediately. That could […]
By Hiran H.Senewiratne A pioneer company in Sri Lanka’s herbal tea industry, Fadna Tea (Pvt.) Ltd., has taken the initiative to manufacture and market tea products that have been researched and developed by Sri Lankan universities. This also enables those universities to earn a 3 percent income out of the company’s total profits. ‘We are […]
[…]The post IMF Shows It Cares More Than Government appeared first on Colombo Telegraph.
An average of 43% of women contribute to the agriculture sector in developing countries, according to a survey. Farming enthusiast and founder of SHE GROWS IN THE WORLD, Farida Lukmajee has been supporting female farmers and entrepreneurs for the past five years. Farida’s passion for farming ignited her to connect with the women farmers from […]
Not all countries in the region are growing fast, and three—Afghanistan, Pakistan and Sri Lanka—are in acute crisis South Asia has emerged as a beacon of hope in the global economy, with the World Bank predicting that the region will outshine other developing regions
By N Sathiya Moorthy While the recent exit of Mullaitivu district judge T Saravanarajah from the country, alleging threat to his life, is still making news in capital Colombo and also elsewhere, in northern Jaffna, his Tamil political parties’ call for a human-chain flopped, like many such protests before it. In turn, this is going […]
Former British Prime Minister David Cameron says Sri Lanka has a key role to play in the South Asia region. Cameron was speaking at the Port City Colombo UAE Road Show, a media release issued today said. The Road Show unveiled the potential of Port City Colombo (PCC) for all to see, drawing the attention […]
Sri Lanka President Ranil Wickremesinghe has issued a directive urging against the use of his images on billboards, cut-outs and posters.The post Sri Lanka President urges not to display his photo in cut-outs and posters appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Misconceived Resilient Economy Needs Fixing By Restoring Broken Supply Chains appeared first on Colombo Telegraph.
[…]The post Why The Shock Over IMF’s Diagnostic Report? appeared first on Colombo Telegraph.
Ministers of Foreign Affairs of the Indian Ocean Rim Association (IORA) as well as other senior Ministers of IORA member States and Dialogue Partners will arrive in Sri Lanka for the 23rd IORA Council of Ministers which Sri Lanka is hosting on 11 October 2023 in Colombo. The Council of Ministers meeting in Colombo will […]
By Shihar Aneez Sri Lanka’s Information and Communication Technology (ICT) sector is facing a dearth of skilled workforce with most having already left the country, a top official said. Sri Lanka has aimed at boosting the digital economy to contribute at least $15 billion to the economy by 2030
[…]The post Cleansing The General & State Election In India appeared first on Colombo Telegraph.