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Industry experts say 70% of government construction projects are on hold now.
- New Zealand PM to step down next month (Category: Breaking News)
- BCFD releases new mental health docu-series amid rising calls for mental health assistance (Category: USA, New Mexico)
- BCFD releases new mental health docu-series amid rising calls for mental health assistance (Category: USA, New Mexico)
- BCFD releases new mental health docu-series amid rising calls for mental health assistance (Category: USA, New Mexico)
A team from the International Monetary Fund (IMF) will meet Sri Lanka's president on Wednesday for talks to finalise a bailout package, including restructuring debt of about $29 billion, amid the nation's worst financial crisis in more than seven decades.The post IMF team to holds talks with crisis
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- Crisis-hit Sri Lanka strikes staff-level pact with IMF on loan – sources (Category: Breaking News)
Beijing [China], August 12 (ANI): Recent protests in China’s Henan province underline the risks being faced by banks as the real estate sector continues to struggle. The real estate sector in China accounts for around 24 per cent of gross domestic product (GDP), almost a quarter of the nation’s GDP, according to authors Ahana Roy […]
- China vulnerable to asset bubbles, warns IMF (Category: Business)
- Ditched by Communist Party, Chinese billionaire loses 93 per cent of his fortune (Category: Breaking News)
- Will China’s sprawling debt problem worsen? (Category: Breaking News)
- What to Know About China’s Real Estate Crisis (Category: Breaking News)
The International Monetary Fund said it will need "adequate assurances" from Sri Lanka's creditors for a new program as it prepares a visit to Colombo later this month.The post IMF eyes creditor assurances as it prepares Sri Lanka visit appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- IMF delegation to arrive in Sri Lanka on Thursday (Category: Breaking News)
- IMF remains hopeful of Sri Lanka securing all financing assurances soon to unlock funding (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- IMF insists on creditor assurances to unlock $2.9 Billion Sri Lanka bailout (Category: Breaking News)
Archbishop of Colombo, Malcolm Cardinal Ranjith, on Thursday, said that Sri Lanka needed aid but with clear-cut conditions to preserve democracy, the rule of law, honesty and safeguard human rights.The prelate said that Sri Lanka had suffered a serious erosion of democracy, which had been caused by three factors. “The first one is the gradual […]
- Cardinal calls for cleansing of hearts to take country forward (Category: Breaking News)
- Cardinal decries lack of conscience among Lankans despite their religiosity (Category: Breaking News)
- IMF or World Bank assistance will be useless if same crooks run the country says Cardinal (Category: Breaking News)
- Cardinal welcomes Supreme court verdict (Category: Breaking News)
Sri Lanka's ruling party has asked the country's new president to provide security and other assistance for his predecessor who fled to Southeast Asia last month after protests flared amid a crippling economic crisis, an official said on Thursday.The post Sri Lanka’s ruling party asks new president to help with ex-leader Rajapaksa’s return appeared first on ONLANKA News :. Sri Lanka Br...
- Gotabaya Rajapaksa applies for U.S. Green Card, looks to settle back in United States (Category: Breaking News)
- Gotabaya to return to Sri Lanka on Sep 02- sources (Category: Breaking News)
- Sri Lanka’s ousted president Gotabaya Rajapaksa returns home after fleeing (Category: Breaking News)
- Gotabaya Rajapaksa will return to Sri Lanka (Category: Breaking News)
a grave financial crisis, of which the repercussions are […]
- Private Hospitals Association’s case for employing foreign medical specialists (Category: Business)
- Vida Medical Clinic Redefines Healthcare Experience (Category: Breaking News)
- Arogya 2012 to promote local health sector (Category: Business)
- FSP warns brain drain will cripple healthcare even in urban centres (Category: Breaking News)
Sri Lanka will ask Japan to invite the Indian Ocean island's main creditor nations, including China and India, to talks on bilateral debt restructuring, as it seeks a way out of its worst economic crisis in decades, its president said on Thursday.The post Sri Lanka to ask Japan to open talks on debt restructuring with key lenders appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - ...
- Sri Lanka could wrap up debt restructure talks by Sept, president says (Category: Breaking News)
- Sri Lanka already started ‘low level’ talks with India, China on debt restructuring – President (Category: Breaking News)
- Sri Lanka president to hold debt talks on France visit – sources (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
with private creditors, has been battling the worst financial crisis in […]
- National anthem to be sung in Tamil at 75th Independence anniversary celebrations (Category: Breaking News)
- Udayanga questioned on MiG deal (Category: Breaking News)
- PUCSL makes u-turn and approves further power cuts (Category: Breaking News)
- Sri Lanka appeals to UK to lift travel advisory (Category: Breaking News)
Global ratings agency S&P Global on Monday slashed its rating on Sri Lankan bonds to 'D', representing default, following missed interest and principal payments.The post S&P pushes Sri Lankan bonds deeper into junk territory with ‘default’ rating appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- Ajith Nivard Cabraal and 4 others released from 2012 Greek Bonds case (Category: Breaking News)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka Bondholder Lawsuit Should Be Put on Hold, U.S. Says (Category: Breaking News)
- S&P raises Sri Lanka local currency ratings to ‘CCC+/C’, says outlook stable (Category: Breaking News)
Sri Lanka's ousted president, Gotabaya Rajapaksa, is expected to arrive in Thailand on Thursday, seeking temporary shelter in a second Southeast Asian country after fleeing his island nation last month amid mass protests, two sources said.The post Sri Lanka’s ousted president expected to go to Thailand appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lan...
- Gotabaya Rajapaksa applies for U.S. Green Card, looks to settle back in United States (Category: Breaking News)
- Sri Lanka’s ousted president arrives in Thailand for temporary stay (Category: Breaking News)
- Sri Lanka s former president expected to fly to Thailand - sources (Category: Breaking News)
- Gotabaya Rajapaksa will return to Sri Lanka (Category: Breaking News)
Former President Gotabaya Rajapaksa is expected to arrive in Thailand on Thursday, seeking temporary shelter in a second Southeast Asian country after fleeing his island nation last month amid mass protests, two sources said. Rajapaksa fled to Singapore on July 14, via the Maldives, following unprecedented unrest triggered by Sri Lanka’s worst economic crisis in […]
- Rights group seeks arrest of Gotabaya Rajapaksa in Singapore (Category: Breaking News)
- Bill to trim president’s powers likely to become law within weeks (Category: Breaking News)
- Xi offers Sri Lanka’s new President support amid crisis (Category: Breaking News)
- JPMorgan backs Sri Lanka bonds on bets crippling crisis will ease (Category: Breaking News)
By Hiran H.Senewiratne The government is planning to restructure the national carrier, Sri Lankan Airlines, and privatization is one proposed option due to the current financial crisis, Sri Lankan Airlines Chief Executive Officer (CEO) Richard Nuttall said. “We are now looking
- JATA President and Executive Committee on a familiarization tour (Category: Breaking News)
- Six Lankan victims of trafficking repatriated from Myanmar (Category: Breaking News)
- SriLankan Airlines to renew commercial operations to China (Category: Breaking News)
- New Airplanes for Sri Lankan Airlines (Category: Breaking News)
The newly appointed brand ambassador for Sri Lanka Tourism, former cricketer Sanath Jayasuriya met the Indian High Commissioner to Sri Lanka Gopal Baglay and discussed promoting tourism between both countries. The Indian High Commission said that the meeting focused on strengthening ties between the people of India and Sri Lanka and promoting tourism as an […]
- Sri Lanka to use Sanath, Yohani in attempt to draw more Indian tourists (Category: Breaking News)
- Sanath Jayasuriya appeals to Indians to visit Sri Lanka (Category: Breaking News)
- Sanath applauds sportsmanship of Indian captain in Sri Lanka game (Category: Breaking News)
- Indian tourists visiting Sri Lanka can pay in INR (Category: Breaking News)
by Shamindra Ferdinando Former Chairman of the Committee on Public Enterprises (COPE) Prof. Charitha Herath yesterday (07) said that though the prorogation of the Parliament led to the dissolution of the watchdog committee it shouldn’t hinder a planned inquiry to identify those responsible for the current economic chaos. Prof. Herath said that the COPE was […]
- Govt. institutions must submit annual reports within stipulated time period COPE (Category: Breaking News)
- Govt. institutions must submit annual reports within stipulated time period COPE (Category: Breaking News)
- Govt. institutions must submit annual reports within stipulated time period COPE (Category: Breaking News)
- Govt. institutions must submit annual reports within stipulated time period COPE (Category: Breaking News)
Sri Lanka is considering a restructure of local and sovereign debt, President Ranil Wickremesinghe said on Friday, as the island nation battles its worst financial crisis in its independent history.The post Sri Lanka considering restructure of local and sovereign debt appeared first on ONLANKA News
- Sri Lanka President says China’s assurances to restructure Sri Lanka’s debt received and forward... (Category: Breaking News)
- Sri Lanka set to begin talks to restructure debt of $30 Billion (Category: Breaking News)
- Sri Lanka Government hoping to restructure $17 billion foreign debts along with local debts (Category: Breaking News)
- Sri Lanka could wrap up debt restructure talks by Sept, president says (Category: Breaking News)
Sri Lanka will restart bailout talks with the International Monetary Fund (IMF) in August, its new president said on Wednesday, while calling on lawmakers to form an all-party government to resolve a crippling economic crisis.The post Sri Lanka to restart IMF bailout talks, president calls for unity Government appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri L...
- IMF bailout package has unlocked new path to create better future for youth and uplift the count... (Category: Breaking News)
- Sri Lanka to start next round of talks with creditors in April (Category: Breaking News)
- Sri Lanka President says it’s not right time for Rajapaksa to return after fleeing country, WSJ ... (Category: Breaking News)
- Sri Lanka has made good progress in negotiations with IMF – CBSL chief (Category: Breaking News)
[…]The post Poor Governance: Lack Of Policies To Overcome The Crises appeared first on Colombo Telegraph.
- The Current System & Unlawful Actions (Category: Breaking News)
- Options For Interim Govt. To Overcome The Crisis (Category: Breaking News)
- Aragalaya: Manufactured Economic Crisis & Peoples’ Suffering (Category: Breaking News)
- President Must Resign Now! (Category: Breaking News)
The widely acclaimed globalisation of the post-Cold-War era is now running in reverse. A protracted slowdown in global trade has been reinforced by persistent pandemic-related supply chain disruptions, ongoing pressures of the US-China trade war and efforts to align cross-border economic ties with geostrategic alliances, known as “friend-shoring”. These developments raise the pressure on China, [&...
- Sri Lanka turmoil highlights risk for Chinese firms investing overseas (Category: Breaking News)
- Alibaba, HSBC, AIA pace rout in Hong Kong on Taiwan tensions as China promises ‘firm and strong’... (Category: Breaking News)
- China’s dual-use surveillance ship in Sri Lankan port underscores distrust of Beijing’s tech adv... (Category: Breaking News)
- Apple supplier Foxconn’s iPad factory in southwest China halts production for six days amid powe... (Category: Breaking News)
AL Jazeera) Some Asian central banks must rapidly raise interest rates to prevent an “upward spiral” in inflation as the war in Ukraine drives surging fuel and food prices, an International Monetary Fund (IMF) official has said. While inflation in Asia remains “moderate” compared with other regions, several economies will have to act quickly to […]
- IT professionals leaving country (Category: Breaking News)
- Mo Farah says his final 26.2-mile race will ‘be emotional’ (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
- The government printed Rs 278 billion between October and December 2022 (Category: Breaking News)
Bangladesh has formally requested for a USD 4.5 bn loan from Washington-based multilateral lender International Monetary Fund (IMF) to tackle the ongoing financial crisis in the country, the country’s media reported.Bangladesh has asked for the loan from the IMF in view of rapidly declining foreign
- Bangladesh seeks $4.5 billion IMF loan as deficit widens (Category: Breaking News)
- Sri Lanka given more time to repay Bangladesh s $200m loan (Category: Breaking News)
- Sri Lanka pays back $50 million to Bangladesh (Category: Breaking News)
- Sri Lanka repays entire $200mn loan from Bangladesh (Category: Breaking News)
[…]The post Is Global Financial Crash Imminent in 2022? appeared first on Colombo Telegraph.
- Tips for business start-ups in 2022 (Category: Breaking News)
- Madame Ambassador Chung, Your Message Will Live On Forever! (Category: Breaking News)
- Prospects For Global Capitalism: 2023 & After (Category: Breaking News)
- Resolving Systemic Debt Crises Needs A Paradigm Shift (Category: Breaking News)
[…]The post 39 Years After Black July, It Is Time For Tamil Eelam: Preparing For A Unilateral Declaration Of Independence appeared first on Colombo Telegraph.
- Genocide Of Tamils In Sri Lanka – Time For UN, UNHRC & Security Council To Take Action (Category: Breaking News)
- Eelam Tamils Struggle For Self-Determination (Category: Breaking News)
- The TGTE; Past, Present & Future (Category: Breaking News)
- Kuveni’s Curse, Black July & Ethno-Districts (Category: Breaking News)
Video: Agencies send workers to Cyrpus despite financial crisis
- Video: Cabraal-missile is stronger than Indian Agni-V missile (Category: Video)
- Video: Dambulla Mosque controversy could have been solved peacefully (Category: Video)
- Video: Sajith issuing misleading statements - Tissa (Category: Video)
- Video: No need for permission - Sajith (Category: Video)
As the Sri Lankan political crisis continues to rage, China has not made any comments and this has made it evident that the ouster of the Rajapaksa family from power is set to have long-term implications for the Chinese, media reports said. In more than half a century for which the Rajapaksas held public offices […]
- Chinese role in the Sri Lankan crisis (Category: Breaking News)
- by Arundathie Abeysinghe U.S., Japan, India and Australia ready to intervene to prevent Sri Lank... (Category: Breaking News)
- Sri Lanka to discuss debt restructuring with China (Category: Breaking News)
- 1,000 MT of rice donated by China arrives in Sri Lanka (Category: Breaking News)
Sri Lanka's acting President Ranil Wickremesinghe has said the country's previous administration was "covering up facts" about its crippling financial crisis.The post Sri Lanka’s acting President says previous government was ‘covering up facts’ about financial crisis appeared
- Easter Attacks: Sri Lanka to seek assistance of UK Government & intelligence over Easter Sunday ... (Category: Breaking News)
- Previous govt was covering up facts about financial crisis - Acting President (Category: Breaking News)
- The food crisis in Sri Lanka is man made, Acting President Ranil tells Global Forum (Category: Breaking News)
- Ranil Wickremesinghe sworn in as Acting President of Sri Lanka (Category: Breaking News)
Sri Lanka s acting President Ranil Wickremesinghe has said the country s previous administration was Âcovering up facts about its crippling financial crisis.
By Michael Rowand As Sri Lankan protesters stormed the presidential residence in Colombo, the Chinese Embassy released no statements and did not tweet. The Chinese Ministry of Foreign Affairs offered no comment until Monday afternoon, well behind others such as India, the European Union, and the United States. The French Embassy even retweeted a tweet […]
- Chinese role in the Sri Lankan crisis (Category: Breaking News)
- China a mute spectator as Sri Lanka’s political upheaval poses long-term implications for Beijing (Category: Breaking News)
- Unelected Team At The BRI Forum: Speaking From Both Sides Of Mouth (Category: Breaking News)
- Sri Lanka should prevent Chinese vessel from reaching Hambantota port (Category: Breaking News)
Introduction A super-holding company for managing State-Owned Enterprises (SOEs) has been identified as a globally successful model for SOE management. This model allows the government to adopt a more arms-length approach to SOEs’ operational decision-making, relieving it of the direct responsibility of overseeing all SOEs dispersed across various industries, and redirect its budget and ener...
- Taming the ‘monsters’ (Category: Business)
- Khazana entry an all-round boost as net foreign inflow tops Rs. 17 b (Category: Business)
- IMF-led privatisation, land and resource grab in Sri Lanka (Category: Breaking News)
- Surpassing neoliberal fictions towards mission-oriented state (Category: Breaking News)
Sri Lanka is going through unprecedented economic, political crisis after policy failures
- Movenpick Colombo rebranded as NH Collection Colombo (Category: Breaking News)
- NH members of Congress support, praise passage of COVID-19 relief bill (Category: USA, New Hampshire)
- NH members of Congress support, praise passage of COVID-19 relief bill (Category: USA, New Hampshire)
- NH members of Congress support, praise passage of COVID-19 relief bill (Category: USA, New Hampshire)
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