By Raj Gonsalkorale While negotiating the IMF package of assistance, the Sri Lanka government could consider a summit with Japan, South Korea, China, India, the EU, UK, USA and the Middle Eastern Arab States for a relief package. Such a package could potentially be up to USD 10 Billion if handled at the highest levels […]

KAMALIKA PIERIS  KM de Silva observed that the 1977 election was a landmark election, after 1956. JR was responsible for many changes in the political and economic spheres. JR engineered a fresh Constitution for Sri Lanka. The 1977 government appointed a Select Committee of the National State Assembly to consider the revision of the 1972 […]

 LankaWeb Editorial 14th April 2022 Resolving  the ongoing crisis in Sri Lanka has now become the greatest challenge for the Rajapaksa Administration. It is noteworthy to observe that Sri Lanka will be unable to make a USD 200 million loan repayment next week as the government decide to suspend all external debt repayments. This will […]

Asoka Weerasinghe (Mr) Kings Grove .Crescent . Gloucester ,. Ontario . K1J 6G1 13 April 2022 Mayor Patrick Brown MPPOffice of the MayorCity of Brampton2 Wellington Street WestBrampton, OntarioL6Y 4R2 Dear Mayor Patrick Brown: Now that I have gathered through  bylined Tonda Maccharles’s news item in the Toronto Star, Patrick Brown vows in video to […]

High Commission of Sri Lanka New Delhi Sri Lanka’s High Commissioner to India, Milinda Moragoda met with the Finance and Corporate Affairs Minister of India Smt. Nirmala Sitharaman in New Delhi, today (13 April) to review the present status of Indo-Lanka economic cooperation as Sri Lanka enters negotiations with the IMF for an economic adjustment […]

අග්‍රාමාත්‍ය මාධ්‍ය අංශය සමාජ,ආර්ථික හා දේශපාලන හේතු මත ගාලු මුවදොරට රැස්වී දැනට විරෝධතාවයේ නිරතවන පිරිස සමඟ අග්‍රාමාත්‍යවරයා වශයෙන් තමන් සාකච්ඡාවකට සූදානම් බව අග්‍රාමාත්‍ය මහින්ද රාජපක්ෂ මහතා දැනුම් දෙයි. ඒ අනුව රට හමුවේ මේ මොහොතේ පවතින අභියෝගය ජයගැනීම වෙනුවෙන් විරෝධතාවයේ නිරත පිරිස දක්වන වටිනා අදහස් සාකච්ඡාවට ලක්කිරීමට අපේක්ෂිතය. මෙම සාකච්ඡාව සඳහා විරෝධතාවයේ නිරත පිරිස සූදානම් නම් […]

චානක බණ්ඩාරගේ (1). 2021 සැප්තැම්බර් සිට 2022 මාර්තු 10 දක්වා ඩොලරය ස්ථීර (fixed) කර තිබු අතර එම අගය වුයේ රුපියල් 203කි. හිටපු මහ බැංකු අධිපති (කබ්රාල් මහතා) මේ ක්‍රියාමාර්ගය ගැනීමට ප්‍රධානතම හේතුව වුයේ ඒ  වනවිට ශ්‍රී ලාංකාවට විදේශ විනිමය (ඩොලර්) ඒම ඉතාම පහළ වැටී තිබීමයි. රටේ ඩොලර් හිඟ වීම නිසා, රුපියලට සාපේක්ෂව ඩොලරයේ වටිනාකම ඉහල […]

John Rozario Karnataka, India Sri Lanka can follow ‘Bangladesh Economic Miracle’ model to avert its economic crisis. As Sri Lanka is going through an economic recession, its South Asian neighbor ‘Bangladesh’ has confirmed as a South Asian Economic Miracle’ As Bangladesh marks its 51th independence anniversary this year, its tremendous economic growth has made it […]

Courtesy The Telegraph India The island nation, hit by its worst economic crisis since independence and on the brink of its first debt default, has been asking friendly nations for credit lines, food and energy. India is willing to commit up to another $2 billion in financial assistance to Sri Lanka while also supporting the […]

Courtesy Channelnesasia COLOMBO: The International Monetary Fund (IMF) on Wednesday (Apr 13) said that it supported Sri Lanka’s plans to engage in “collaborative dialogue” with creditors, a day after the country unilaterally suspended external debt payments amid a severe economic crisis. “We assessed Sri Lanka’s debt to be unsustainable and that the country’s fiscal efforts […]

Courtesy The Island Also seeks financial help from other partners to alleviate the suffering of masses The Ministry of Finance (MOF) yesterday announced the new the policy of the government concerning the servicing of Sri Lanka’s external public debt pending the completion of the government’s discussions with the International Monetary Fund (IMF) and the preparation […]

Courtesy Adaderana Former Prime Minister Ranil Wickremesinghe says elections or constitutional amendments at this point will not solve the ongoing crisis in Sri Lanka. In a statement made today (April 13), the United National Party (UNP) leader stated that Sri Lanka is unable to make a USD 200 million loan repayment next week as the […]