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Market saw net foreign outflow for the 1st time in 16 straight sessions.
[…]The post Non-Consultative Business As Usual Approach Belittles Nation Crises That Cry For Priority appeared first on Colombo Telegraph.
By Jehan Perera The Paris Club has declared its satisfaction at the agreement reached between the government and IMF regarding a USD 2.9 billion loan to be given over a period of 48 months. The loan will be made under the IMF’s Extended Fund Facility, which helps countries deal with balance of payments or cash […]
by Sanath Nanayakkare A blueprint of opportunities, challenges and the road ahead for the loss-making Ceylon Petroleum Corporation (CPC) was unveiled by JAAR Corporate Solutions at Taj Samudra Colombo last week. Furthermore, JAAR offered potential public-private partnership (PPP) models for the financially-battered CPC to make a turnaround. The participating policymakers, professionals, investors,...
An LOLC merger speculation helps gain
(PTI) The IMF chief Kristalina Georgieva yesterday (4) said she is pleased the Washington-based lender and the Sri Lankan government have reached a staff-level agreement to provide about $2.9 billion to help the bankrupt country, terming the deal as an “important step forward.” The International Monetary Fund (IMF) on Thursday announced that it will provide […]
Sri Lanka’s High Commissioner in New Delhi, Milinda Moragoda, has declared that the preliminary agreement with the International Monetary Fund (IMF), under which Sri Lanka could receive $2.9 billion to tackle the ongoing economic crisis, is a “first step” in the long haul of economic recovery, but would provide the country and investors “confidence” to […]
[…]The post Child’s Guide To How Ranilnomics Should Be Designed & Implemented appeared first on Colombo Telegraph.
Sri Lanka’s former president, Gotabaya Rajapaksa, who fled the country in July after tens of thousands of protesters stormed his home and office in a display of anger over the country’s economic crisis, has returned to the country after seven weeks.The post Sri Lanka’s ousted president Gotabaya Rajapaksa returns home after fleeing appeared first on ONLANKA News :. Sri Lanka Latest Breaking N...
[…]The post End Casino Capitalism: Sri Lanka To Join The Global Minimum Tax Agreement appeared first on Colombo Telegraph.
IMF statement is seen as positive for the stock market.
[…]The post Sri Lanka’s First Firm Steps At Economic Reforms appeared first on Colombo Telegraph.
Sri Lanka's politicized petroleum sector has been mostly subsidized in post-independence era.
[…]The post Interim Budget 2022: Transformation Of The Economic Direction Of The Country appeared first on Colombo Telegraph.
Sri Lankan President Ranil Wickremesinghe said that this is an important step in the history of Sri Lanka. “Not only rising from the bankruptcy crisis and the debt moratorium, it is also key to ensure that our social sectors are protected and both our economic and social aspect of our lifestyle will certainly not have any further setbacks.”The post This to be the Beginning of a New Economic Era &#...
"Investors expect the economy to recover sooner than later."
International Monetary Fund (IMF) mission led by Mr. Peter Breuer and Mr. Masahiro Nozaki visited Colombo from August 24 to September 1, 2022 to continue discussions on IMF support for Sri Lanka and the authorities’ comprehensive economic reform program.The post IMF and Sri Lanka reaches Staff-Level Agreement for US$ 2.9 Billion Programme appeared first on ONLANKA News - Latest Breaking News in Sr...
The International Monetary Fund (IMF) has reached a staff-level agreement to support Sri Lanka’s economic policies with a 48-month arrangement under the Extended Fund Facility (EFF) of about US$ 2.9 billion. The objectives of Sri Lanka’s new EFF supported program are to restore macroeconomic stability and debt sustainability, while safeguarding financial stability, protecting the vulnerable,...
.Has to restructure debt, do more prior actions
, as the country seeks to rebuild its economy sustainably, […]
Foreign flows into Sri Lanka stocks turned into net inflow on Wednesday
[…]The post Failed Economy: Bribery & Corruption To Maintain Power appeared first on Colombo Telegraph.
Wickremesinghe is budgeting in a sea of monetary instability
Market up for the first time in six straight sessions
[…]The post Government Needs To Change Course In National Interest appeared first on Colombo Telegraph.
By Jehan Perera The ruling party has requested President Ranil Wickremesinghe to facilitate the return of former president Gotabaya Rajapaksa to the country and his appointment as prime minister. The former president left the country when large numbers of protestors who had been actively protesting against the economic collapse and corruption in the country took over […]
Sri Lanka stocks gained to four month high early this month on political stability hope
[…]The post War On China? – VI: India & The US: Forward Policy & The Brzezinskian Project appeared first on Colombo Telegraph.
There will be selling ahead of the interim budget on August 30
The government also banned rackets although eliminating rackets may be a tough nut to crack