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Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday. A steering committee, comprising of bondholders, will begin talks as they weigh a proposal from the government to rework the overseas debt that has been in default since 2022, […]
- Refugee from Sri Lanka becomes Mayor in UK town (Category: Breaking News)
- Mathews overlooked Chamari picked in The Hundred draft (Category: Breaking News)
- AstraZeneca withdraws Covid-19 vaccine citing low demand (Category: Breaking News)
- Nepal batsman Airee smashes six sixes in an over (Category: Breaking News)
The Committee on Public Finance (COPF) headed by MP Dr. Harsha de Silva, has proposed that the Central Bank of Sri Lanka defer the pay hike to its employees. Dr. Harsha de Silva presented the COPF report on the CBSL salary revision to Parliament. The MP said that COPF recognizes the independence of the Central […]
- Harsha de Silva re-appointed as Chair to the Committee on Public Finance (Category: Breaking News)
- Charitha to head Sri Lanka – German Parliamentary Friendship Association (Category: Breaking News)
- COPF finds only 4 casinos paying taxes (Category: Breaking News)
- COPF approves Bill on Parliamentary Budget Office (Category: Breaking News)
Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement for the release of $1.1bn from a $3bn bailout package the indebted country needed to avert a sovereign default. “The IMF team has reached a staff-level agreement with the Pakistani authorities on the second and final review of Pakistan’s stabilisation programme,” the IMF […]
- Spending Break (Category: Business)
- Sri Lanka’s JVP gen secy makes dubious claim on IMF deal, says loan “pittance” (Category: Breaking News)
- IMF gets blamed for the mess created by politicians - Nepali economist (Category: Breaking News)
- IMF hopes for resolution of Sri Lanka crisis to resume bailout talks (Category: Breaking News)
[…]The post Why The Sri Lankan Rupee Is Appreciating appeared first on Colombo Telegraph.
- Journey Through The Rotten Bridge For The Reforms Of Government Expenditure (Category: Breaking News)
- Who Are Primarily Responsible For The Economic Disaster, The Politicians Or The People? (Category: Breaking News)
- The Impact Of The Next Election On The Economic Reforms (Category: Breaking News)
- Sri Lanka In Dire Straits (Category: Breaking News)
The Committee on Public Finance (COPF) has recommended that the Central Bank of Sri Lanka (CBSL) defer the salary increase until a mutually acceptable solution is reached on the matter.
The World Bank has hailed Sri Lanka s 1990 Suwa Seriya ambulance service for saving countless lives while providing citizens the highest level of pre-hospital care.
The Cabinet of Ministers approved the proposal presented by the Minister of Power and Energy to award the procurement for the implementation of Rooftop Solar Power Generation Project at religious places to M/s Premier Energies Ltd for a contract price of US$ 17 million. On 08.01.2024, the Cabinet of Ministers approved the implementation of the […]
- No power cuts until further notice (Category: Breaking News)
- Lights coming back on after power outage in Rankin County (Category: USA, Mississippi)
- Lights coming back on after power outage in Rankin County (Category: USA, Mississippi)
- Lights coming back on after power outage in Rankin County (Category: USA, Mississippi)
Taking into consideration the proposals presented by the Minister of Agriculture and Plantation Industries, the Cabinet of Ministers decided as follows: To import fertilizer through Ceylon Fertilizer Company Limited and Colombo Commercial Fertilizer Company Limited for the 2024 ‘Yala’ season, and sell fertilizer to farmers at concessional prices competitive with the private sector. […]
- National Fertilizer Week declared n Sri Lanka (Category: Breaking News)
- Fertilizer subsidy to Coconut planters (Category: Breaking News)
- Fertilizer for Yala season now distributed (Category: Breaking News)
- Sri Lanka to popularize organic fertilizer (Category: Breaking News)
The Cabinet of Ministers approved the proposal presented by the Minister of Power and Energy to award the procurement for the implementation of Rooftop Solar Power Generation Project at religious places to M/s Premier Energies Ltd for a contract price of US$ 17 million. On 08.01.2024, the Cabinet of Ministers approved the implementation of the […]
- No power cuts until further notice (Category: Breaking News)
- Lights coming back on after power outage in Rankin County (Category: USA, Mississippi)
- Lights coming back on after power outage in Rankin County (Category: USA, Mississippi)
- Lights coming back on after power outage in Rankin County (Category: USA, Mississippi)
The Sri Lankan Rupee (LKR) has appreciated against the US dollar (USD) today (March 19), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee appreciated against U.S. Dollar on March 19, 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lankan Rupee appreciates further against U.S. Dollar (Category: Breaking News)
- Sri Lankan Rupee further appreciates against U.S. Dollar (Category: Breaking News)
- Sri Lankan Rupee appreciated against U.S. Dollar on April 26, 2024 (Category: Breaking News)
- Sri Lankan Rupee appreciated against U.S. Dollar on April 27, 2024 (Category: Breaking News)
India and Sri Lanka have failed to reach an agreement on fee payments for RuPay transactions, Live Mint reported. According to Live Mint, India is keen to launch RuPay services in Sri Lanka, which would make it easier for businesses in both countries to benefit from tourists using the RuPay card. However, according to persons […]
- India’s UPI to be launched in Sri Lanka, Mauritius on Monday (Category: Breaking News)
- Modi, Ranil launch ground-breaking digital payment connectivity (Category: Breaking News)
- India’s Unified Payment Interface (UPI) service launched in Sri Lanka (Category: Breaking News)
- Modi to launch Unified Payment Interface services in Sri Lanka (Category: Breaking News)
By Norman Palihawadane Galgamuwa police, on Sunday, nabbed a 48-year-old person for duping over dozen of Lankan women working in West Asian countries by promising to marry them and cheating them of out millions of rupees. The suspect posed as an army officer. Galgamuwa OIC Chief Inspector M. M. S. Pushpakumara said that they had received a […]
- Suspect arrested with stock of capsule of pain killer (Category: Breaking News)
- Restaurant owner arrested with ammunition (Category: Breaking News)
- Four cops arrested over criminal’s escape from BIA (Category: Breaking News)
- Shooting Suspect Remanded (Category: Breaking News)
The administration of the Central Bank of Sri Lanka has commenced discussions with the employees regarding the possible reduction of their increased salaries by a certain percentage, according to sources.
The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. “SMEs play a critical role in Sri Lanka’s economy, contributing 52% to the country’s gross […]
- ADB approves $100 million loan to support SMEs in Sri Lanka (Category: Breaking News)
- Debt-ridden Sri Lanka gets US$350m loan boost from ADB (Category: Breaking News)
- Sri Lanka secures ADB grant to pay paddy farmers (Category: Breaking News)
- Overseas travel ban on Basil temporarily lifted (Category: Breaking News)
The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change.The post ADB approves $100 million loan to support SMEs in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- ADB approves USD 100 million loan to support SMEs in Sri Lanka (Category: Breaking News)
- ADB approves USD 165M loan to provide financing support for Sri Lankan SMEs (Category: Breaking News)
- ADB approves USD 165M loan to provide financing support for Sri Lankan SMEs (Category: Breaking News)
- ADB approves USD 165M loan to provide financing support for Sri Lankan SMEs (Category: Breaking News)
The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change.
[…]The post Demystification Of The Black Box Involving Money Creation By C.A. Abeysinghe appeared first on Colombo Telegraph.
- The Contribution Of The Monetary Policy For Overcoming The Current Economic Crisis Faced In Sri ... (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: The Performance Of Ceylon’s Currency Board (Category: Breaking News)
- Money Market’s Illiquid Status Deepens (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: Has The Monetary Board Failed The Nation? (Category: Breaking News)
[…]The post Ranil’s Distortion Of Facts About The Sri Lankan Political Scenario In 1977 appeared first on Colombo Telegraph.
- In Memory Of Comrade Osman De Silva (Category: Breaking News)
- Ranil’s Repression Will Hit The JVP-NPP While It Indulges In Political Narcissism (Category: Breaking News)
- Reflecting On 34 Years: The JVP & The Legacy Of Comrade Rohana Wijeweera (Category: Breaking News)
- In Memory Of Comrade H. A. Seneviratne, Lawyer, Writer & Human Rights Activist (Category: Breaking News)
ECONOMYNEXT –State-run Ceylon Electricity Board is losing qualified engineers at an alarming rate, after a currency collapse and new progressive taxes slapped on the debased salary, and they are not coming back, union officials said. Ceylon Electricity Board has a cadre of around 1,000 engineers but they have been usually managing with lower levels of […]
- CEBEU claims more than 150 engineers have left during last two years (Category: Breaking News)
- Minister Kanchana slammed over mud-slinging campaign targeting CEB staff (Category: Breaking News)
- CEB hit by exodus of technical staff (Category: Breaking News)
- Wide ranging rackets benefiting CEB engineers (Category: Breaking News)
Sri Lanka’s economy expanded for a second straight quarter as industrial activity picked up pace, buoyed by an International Monetary Fund bailout and lower interest rates.The post Sri Lanka’s economy expands for a second straight quarter appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka inflation rises for second month on high energy costs (Category: Breaking News)
- Sri Lanka’s economy returns to growth, led by agriculture (Category: Breaking News)
- Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says (Category: Breaking News)
- IMF third tranche negotiations for Sri Lanka begin tomorrow (Category: Breaking News)
Standard Chartered Bank’s Global Research team conducted its 2024 H1 Global Research Briefing (GRB) in Sri Lanka recently, themed ‘A soft landing, with risks’. The event took place on 4 March at the Galle Face Hotel Colombo and was attended by corporate, commercial and institutional banking clients of the Bank. It provided a valuable platform […]
- Board approval for IMF bailout expected in 2023 Q2 - report (Category: Breaking News)
- Sri Lanka poised for bondholder deal by mid-May, Standard Chartered says (Category: Breaking News)
- Standard Rating (Category: Business)
- Derived Rating (Category: Business)
Saturday 16th March, 2024 Sri Lankan governments do not respond to early warnings and thereby invite trouble. The Easter Sunday carnage (2019) could have been prevented if the Sirisena-Wickremesinghe government had heeded repeated intelligence warnings of impending terror attacks. It let the grass grow under its feet, and disaster struck. It has now been revealed […]
- Health sector TUs to resume strike (Category: Breaking News)
- Health unions issue ultimatum to govt. to resolve salary anomaly by end of month (Category: Breaking News)
- Strike paralyses state run healthcare system (Category: Breaking News)
- DAT allowance dispute: 72 health sector unions launch indefinite strike today (Category: Breaking News)
By Shamindra Ferdinando SLPP National List MP Gevindu Cumaratunga and member of Uththara Lanka Sabhagaya has moved the Supreme Court seeking equal treatment to all members of the Employees Provident Fund (EPF). Cumaratunga, who is also the President of Yuthukama National OrganiSation has acted in terms of Article 126 read with Article 17 of the […]
- MP drops bombshell over EPF discrepancy, demands immediate remedy (Category: Breaking News)
- Gevindu presses PM over EPF matter, discrepancy in interest payments (Category: Breaking News)
- JVP Leader nails govt. on ETF, EPF balances (Category: Breaking News)
- Over 70% salary hike for CBSL employees: Gevindu demands explanation from FM (Category: Breaking News)
Friday 15th March, 2024 The JVP turned down President Ranil Wickremesinghe’s invitation to a meeting with the IMF, but some of its senior members met a visiting IMF delegation yesterday in Colombo perhaps as part of its strategy to gain political mileage. Whoever would have thought, a decade or so ago, that the JVP leaders […]
- IMF won’t assist if govt. puts off LG polls (Category: Breaking News)
- Reveal plans, uphold transparency (Category: Breaking News)
- CBSL chief expresses optimism (Category: Breaking News)
- Foreign envoys assure support for Sri Lanka to recover from economic crisis (Category: Breaking News)
By Hiran H.Senewiratne While the stock market kicked off on a positive note yesterday, it subsequently slowed down but towards the latter part of the day it bounced back due to noticeable share movements on Lanka IOC and banking sector stocks, market analysts said. During the day, LOLC Group shares were under tremendous selling pressure, […]
- Some across-the-board sales at CSE following dampening of investor sentiment (Category: Breaking News)
- Month-end profit-takings impose heavy selling pressure on bourse (Category: Breaking News)
- Prospects brighten for banking sector counters; indices move up (Category: Breaking News)
- Absence of market-driven activities stalls CSE; negative conditions manifest in politics (Category: Breaking News)
By Sanath Nanayakkare Saliya Wickramasuriya-Member of Colombo Port City Economic Commission said in Colombo on Wednesday that the new Port City Commission to be appointed at the end of the tenure of the current one would only have a few boxes to tick, in getting its work completed as a fully-fledged functional body going forward. […]
- Regulations pertaining to Port City Economic Commission Act gazetted (Category: Breaking News)
- PM attends ground breaking ceremony for Port City 120,000sq.ft. Business Centre (Category: Breaking News)
- Cabinet okays special visas for Colombo Port City (Category: Breaking News)
- Asiri Health to build state-of-the-art hospital at Colombo Port City (Category: Breaking News)
The late Ray Forbes encompassed within himself administrative excellence and profound humanity. On account of these rare qualities he endeared himself to the staff and students of the Bandaranaike Centre for International Studies (BCIS), Colombo, for well over a decade. The above sentiments were expressed with regard to the former Director of the BCIS, Ray […]
- BMICH celebrates Int’l Women’s Day (Category: Breaking News)
- Resounding endorsement of pluralism (Category: Breaking News)
- Critical assessment of the state of democracy (Category: Breaking News)
- BCIS commences series of discussions on international relations (Category: Business)
HNB General Insurance, a leading provider of insurance solutions in Sri Lanka, announced a collaborative partnership with Sampath Bank to offer customers 12-month 0% interest payment plans on both motor and non-motor insurance policies. This marks HNB General Insurance’s collaboration with a non-group member bank, significantly expanding its reach and making insurance more accessible for […]
- MBSL Insurance expands its reach (Category: Breaking News)
- HNBA and HNBGI Celebrate Insurance Month with a Renewed Pledge to Protect (Category: Breaking News)
- Sampath venturing into insurance, merchant banking (Category: Business)
- Shared ATMs (Category: Breaking News)
[…]The post Ardijah Casino’s Ultimate Guide: Most Popular Payment Methods in Best Deposit Casinos in New Zealand appeared first on Colombo Telegraph.
- InnovateChange Online Casino Real Money: Best NZD Casinos in New Zealand 2024 (Category: Breaking News)
- The Rise of Online Slot Gaming in Canada (Category: Breaking News)
- Risk vs. Reward: A Closer Look at the Pros and Cons of Casino Bonuses (Category: Breaking News)
- 10 Tips for Comparing Online Casinos (Category: Breaking News)
[…]The post Nandalal Weerasinghe’s Wages Of Sin appeared first on Colombo Telegraph.
- Involuntary & Inequitable DDO (Category: Breaking News)
- RW’s Political Rating & Fitch’s Credit Rating (Category: Breaking News)
- Ranil’s Debt Driven Growth Strategy (Category: Breaking News)
- Towards A False Dawn (Category: Breaking News)
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