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Sri Lanka's central bank is likely to maintain interest rates on Thursday in an effort to get a grip on inflation which has remained stubbornly high despite a sharp contraction in the crisis-hit economy.The post Sri Lanka Central Bank to hold rates as inflation worries persist appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post Politics Of Protests appeared first on Colombo Telegraph.
[…]The post Give Amnesty To Protestors As Next Step appeared first on Colombo Telegraph.
By Jehan Perera None too soon, President Ranil Wickremesinghe appears to be putting the brakes on the government’s policy of repression in dealing with public protests. His decision to initially sign the Gazette notification declaring key areas of Colombo to be High Security Zones was roundly criticised by human rights organisations including the Human Rights […]
[…]The post Human Rights Compliant Recovery Measures Critical To Stop Spiraling Hunger & Poverty In Sri Lanka: Amnesty International appeared first on Colombo Telegraph.
Main index saw worst percentage fall since June 17
[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.
I would love to hear more about what your plans are
The Sri Lanka Institute of Marketing (SLIM) says that nation branding will be the solution for the prevailing economic crisis.SLIM President Nuwan Gamage addressing a press conference in Colombo yesterday said that the country could face the challenges of the economic crisis by paving the way for a knowledge-driven economy. Gamage said that Sri Lanka, […]
Ceylon Petroleum Corporation owes around $800 million to foreign suppliers for fuel.
A key measure of Sri Lanka's consumer inflation surged to an annual record 69.8% in September, official data showed on Friday, highlighting the challenge for the central bank as the island reels under its worst financial crisis in seven decades.The post Sri Lanka’s key inflation rate surges to record, keeps central bank pressured appeared first on Sri Lanka News - Latest Breaking News in Sri...
Sri Lanka is struggling to secure dollar earnings and that has threatened its fuel, gas imports.
In 2021 Sri Lanka Railways lost Rs10.3bn rupees
[…]The post How We Came To This Pass – The Aragalaya Challenge appeared first on Colombo Telegraph.
Exporters' main challenge is meeting orders due to fuel and power shortages and policy uncertainties.
[…]The post Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers appeared first on Colombo Telegraph.
Claiming that a recent report indicated that at least 32 Sri Lankan citizens go abroad every hour, Chairman of the National Movement for a Just Society Karu Jayasuriya said it was a sign of a country’s rapid decline.The post Recent report shows 32 Sri Lankans migrate every hour; sign of country’s rapid decline – Karu appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka ...
NEW YORK, Sept. 23 (Xinhua) —Chinese State Councilor and Foreign Minister Wang Yi met here with Lankan Minister of Foreign Affairs Mohamed Ali Sabry on Friday on the sidelines of the ongoing 77th session of the UN General Assembly.As strategic cooperative partners, Wang said, China and Sri Lanka have always shared wealth and woe and […]
The UK is providing urgent food and farming support to Sri Lankans hit hardest by the economic crisis, UK Minister of State for the Middle East, South Asia, and the UN, Lord Tariq Ahmad of Wimbledon said. More than one third of people are struggling to eat and are suffering shortages of fuel, power
The country has lost several hundred thousand jobs to Covid-19. The impact of the agrochemical ban on agriculture, the mismanagement of the exchange rate, a highly accommodative monetary policy, and the use of foreign exchange reserves for debt repayment thwarted the country’s ability to recover from the initial shock of COVID-19, an ILO study titled, […]
Japan, one of Sri Lanka's main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo's envoy to the country said on Friday.The post Japan to support Sri Lanka’s debt restructuring negotiations appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Japan, one of Sri Lanka’s main creditors, will back the South Asian nation as it seeks to restructure about $30 billion of its foreign debt and find a way out of a crippling economic crisis, Tokyo’s envoy to the country said on Friday. Reaching an agreement with creditors is key to Sri Lanka securing a […]
Crisis-hit Sri Lanka will begin on Friday the tricky task of debt renegotiation with a raft of private and bilateral creditors, including China, India and Japan, to restructure and repay nearly $30 billion that it owes.The post Sri Lanka set to begin talks to restructure debt of $30 Billion appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Another Open Letter to the Minister of Agriculture Mr. Minister, It appears that you are being lobbied by various individuals with an eye of promoting toxins and fossil additives into agriculture with seemingly no concern to the well being of our population. The writer quotes, ‘This has been best put by Bombastus Paracelsus (1493 -1541), […]
Crisis-hit Sri Lanka is desperately looking for tourism earning to finance its imports
Wickremesinghe also met King Charles III on Sunday September 18.
USAID Deputy Administrator Isobel Coleman had talks with Foreign Minister Ali Sabry on enhanced assistance to Sri Lanka. Coleman called on Foreign Minister Sabry who is currently in the US to address the UN General Assembly. Both sides discussed enhanced assistance to Sri Lanka through collaborative projects in a follow-up to the visit by Administrator […]
India has emerged as the largest bilateral lender for Sri Lanka, overtaking China. India has provided a total of 968 million US dollars in loans to the island nation in four months of 2022. In the past five years from 2017-2021, China has been the largest bilateral lender to Sri Lanka. Asian Development Bank (ADB) has […]
(PTI) The Sri Lankan government will virtually brief all its external creditors, on September 23, on the deal agreed with the International Monetary Fund (IMF) for the economic recovery and the next steps in the debt restructuring process. On September 1, the IMF reached a staff-level agreement to support Sri Lanka’s economic policies with a 48-month arrangement […]