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US, UK try to prevent fallout from Silicon Valley Bank collapse - fox29.com - New York - Usa - city New York - Britain - state California - Washington - county Santa Clara
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US, UK try to prevent fallout from Silicon Valley Bank collapse
NEW YORK - Governments in the U.S. and Britain are taking extraordinary steps to prevent a potential banking crisis after the failure of California-based Silicon Valley Bank prompted fears of a broader upheaval.U.S.
New York Usa city New York Britain state California Washington county Santa Clara Government crisis prevention reports Provident Assurant Fallout
Silicon Valley Bank crisis: Feds move in to help - fox29.com - New York - South Korea - Japan - Hong Kong - Australia - state California - city Shanghai - county Santa Clara
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Silicon Valley Bank crisis: Feds move in to help
SANTA CLARA, Calif. - The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring all depositors at the failed institution that they could access all their money quickly, even as another major bank was shut down.The announcement came amid fears that the factors that caused the Santa Clara, California-based bank to fail could spread. Regulators had worked all weekend to try to find a buyer for the bank, which was the second-largest bank failure in history.
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US government says all Silicon Valley Bank clients will have access to funds - fox29.com - New York - Usa - state California - county Santa Clara
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US government says all Silicon Valley Bank clients will have access to funds
the historic failure of Silicon Valley Bank, assuring depositors at the failed financial institution that they would be able to access all of their money quickly.The announcement came amid fears that the factors that caused the Santa Clara, California-based bank to fail could spread, and only hours before trading began in Asia. Regulators had worked all weekend to try and come up with a buyer for the bank, which was the second largest bank failure in history.
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Sri Lanka to announce debt restructuring strategy in April – Reuters - newsfirst.lk - China - India - Sri Lanka
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Sri Lanka to announce debt restructuring strategy in April – Reuters
(Reuters) – Sri Lanka aims to announce a debt-restructuring strategy in April and step up talks with commercial creditors ahead of an International Monetary Fund review of a bailout package in six months, the nation's central bank governor told Reuters.The crisis-hit island has secured financing assurances from all its major bilateral creditors, including India and China, and so has set the stage for the IMF to give its final approval for a $2.9 billion, four-year bailout package on March 20, the multilateral lender said on Tuesday.The bailout is the culmination of months of negotiations as Sri Lanka looks to emerge from its worst economic crisis in more than seven decades."When you see the staff level agreement published – that will contain our commitment to debt restructuring and that will also reveal medium-term debt targets for us to restore debt sustainability on a long-term basis," central bank Governor P. Nandalal Weerasinghe said on Thursday."So somewhere in April we will announce … how we are going to meet those medium-to-long-term (debt) targets.
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Sri Lanka’s rupee will reverse gains and plummet – Fitch - newsfirst.lk - China - Sri Lanka
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Sri Lanka’s rupee will reverse gains and plummet – Fitch
 Sri Lanka’s rupee, which became the world’s best performing currency this year amid hopes of an International Monetary Fund bailout, may resume declines and lose a fifth of its value against the dollar by end-2023, according to Fitch Solutions.“We are optimistic that Sri Lanka will be able to secure an IMF board approval by early 2Q-2023,” said Seah Wang Ting, country risk analyst at Fitch Solutions. Nevertheless, there’s potential for disruptions after the initial board approval as authorities may find it challenging to stay on track with the IMF program amid a weakening economy and a local election likely on the horizon, he said.Fitch maintained its forecast for the rupee to weaken to a record low of 390 per dollar by year-end.
China Sri Lanka president economy reports Assurant Fitch
Creditors nod to Sri Lanka; IMF Staff Level Agreement likely to be approved - newsfirst.lk - China - India - Sri Lanka
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Creditors nod to Sri Lanka; IMF Staff Level Agreement likely to be approved
Colombo (News 1st) – The International Monetary Fund announced on Tuesday (07) that Sri Lanka has received financial assurances from all its major bilateral creditors. This paves the way for the IMF Board to consider the approval of the Staff Level Agreement for financing under the Extended Fund Facility on March 20.Earlier in the day, China gave assurances that it will support Sri Lanka's debt restructuring, clearing the biggest hurdle for the nation to secure a USD 2.9 billion bailout from the IMF. The IMF approval for a USD 2.9 billion loan depended on financial assurance from all Sri Lankan creditors.
China India Sri Lanka economy Provident Assurant
IMF Bailout Package: Sri Lanka gets assurances from all major bilateral creditors - newsfirst.lk - Sri Lanka
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IMF Bailout Package: Sri Lanka gets assurances from all major bilateral creditors
COLOMBO (News 1st); Sri Lanka has now received financing assurances from all major bilateral creditors, said Krishna Srinivasan, Director of Asia and Pacific Department of IMF on Tuesday (7).This paves the way for consideration by the IMF’s Board on March 20th the approval of the Staff Level Agreement reached on September 1st, 2022 for financing under an Extended Fund Facility. Approval by the Board would also catalyze financing from other creditors, including the World Bank and the Asian Development Bank, he said in a statement.The arrangement will support the authorities’ program of ambitious reforms, that they have already embarked upon, which will help Sri Lanka emerge from its current crisis and set it on a trajectory of strong and inclusive growth, said Krishna Srinivasan, Director of Asia and Pacific Department of IMF.
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China assures it’s backing to Sri Lanka’s debt restructuring process - newsfirst.lk - China - Sri Lanka
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China assures it’s backing to Sri Lanka’s debt restructuring process
COLOMBO (News1st) – China has given assurances that it will support Sri Lanka’s debt restructuring, clearing the biggest hurdle for the South Asian nation to secure a $2.9 billion bailout from the International Monetary Fund.According to Bloomberg Sri Lanka’s largest bilateral creditor gave written support for the debt restructuring via the Export-Import Bank of China on March 6. Bloomeberg quoted people familiar with the situation as saying the letter meets the requirements of the IMF.China’s backing completes the support Sri Lanka needs from creditor nations to allow the IMF board to approve the loan that was agreed upon by the Fund staff in September. 
China Sri Lanka Assurant
Sri Lankans - Tharaka Balasuriya - Sri Lanka attends UN conference in Qatar - newsfirst.lk - Sri Lanka - Italy - Palestine - Qatar - city Doha, Qatar
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Sri Lanka attends UN conference in Qatar
Colombo (News 1st) – State Minister of Foreign Affairs Tharaka Balasuriya was amongst the dignitaries present for the Fifth United Nations Conference on the Least Developed Countries taking place in Doha, Qatar The event is being held from the 5th to the 9th of this month.State Minister Tharaka Balasuriya met with counterpart Sultan bin Saad Al Muraikhi, the Minister of State for Foreign Affairs in Qatar, for a discussion that touched upon many areas including the recognition of the Sri Lankan Engineering degrees by Qatari authorities and Sri Lanka's technical support for Qatari government's attempt to promote cricket in Qatar. Tharaka Balasuriya also expressed Sri Lanka's unwavering support for the Palestinian cause and its people to the President of the State of Palestine Mahmoud Abbas.With ongoing progressions and developments on the new establishment of the Office of Overseas Sri Lankans, the State Minister held a side meeting with HE Antonio Vitorino, Director of IOM in Doha, in which HE Vitorino assured IOM support on the digitalization of the Office of Overseas Sri Lankans as well as continuous support of the IOM with matters pertaining to migration. State Minister Balasuriya also met with Deputy Minister of Foreign Affairs, Italy Maria Tripodi. Discussions were held, particularly on bilateral relations between the respective countries.
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Sri Lanka raises Policy Interest Rates by 1% - newsfirst.lk - Sri Lanka
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Sri Lanka raises Policy Interest Rates by 1%
Economic Research Department to ensuring price and economic stability, and financial system stability, thereby assuring the normalisation of the interest rate structure no sooner the price pressures are sufficiently contained in the period ahead. 
Sri Lanka Department Assurant
Freedom People’s Alliance hold protest in Badulla - newsfirst.lk
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Freedom People’s Alliance hold protest in Badulla
Colombo (News1st) – The Freedom People's Alliance staged a protest at the Welekade junction in Badulla on Sunday (26) demanding that elections be held. Parliamentarians representing the Freedom People's Alliance including Prof. G.L.
Government Fighting Party Assurant freedom
Specific, credible financing assurances required for Sri Lanka – US Treasury Secretary - newsfirst.lk - China - Usa - India - Sri Lanka - Zambia
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Specific, credible financing assurances required for Sri Lanka – US Treasury Secretary
COLOMBO (News 1st); US Treasury Secretary Janet L. Yellen said that the Group of 20 countries need to work together to ease the debt overhang that is holding back too many countries, including Sri Lanka."The IMF estimates that around 55 percent of low-income countries are close to or in debt distress.
China Usa India Sri Lanka Zambia Provident Progressive Cooper Assurant
Train derailment latest: EPA taking charge of cleanup in East Palestine, Ohio - fox29.com - state Pennsylvania - state Ohio - Palestine - county Leslie
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Train derailment latest: EPA taking charge of cleanup in East Palestine, Ohio
EAST PALESTINE, Ohio (AP) - Federal environmental regulators on Tuesday took charge of the cleanup from the East Palestine, Ohio train derailment and chemical burn and ordered Norfolk Southern to foot the bill.The Environmental Protection Agency told Norfolk Southern to take all available measures to clean up contaminated air and water, and also said the company would be required to reimburse the federal government for a new program to provide cleaning services for impacted residents and businesses.The EPA warned Norfolk Southern that if the company failed to comply with its order, the agency would perform the work itself and seek triple damages from the company."The Norfolk Southern train derailment has upended the lives of East Palestine families, and EPA’s order will ensure the company is held accountable for jeopardizing the health and safety of this community," EPA Administrator Michael S.
state Pennsylvania state Ohio Palestine county Leslie Government evacuation Health Provident Waters Southern Assurant
Dinesh Gunawardena - JICA to resume projects after IMF deal is finalized - newsfirst.lk - Japan - Usa - Sri Lanka
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JICA to resume projects after IMF deal is finalized
COLOMBO (News 1st); JICA is set to resume its ongoing projects in Sri Lanka no sooner the IMF package on debt restructuring finalized, said the Prime Minister's Media Division.Prime Minister Dinesh Gunawardena urged the Japan International Cooperation Agency (JICA) to recommence all the ongoing projects that are temporarily halted due to fiscal issues.He made this request when Director General of the South Asia Department of the Japan International Cooperation Agency (JICA), Teruyuki Ito met him on Monday (20).Teruyuki Ito assured the Prime Minister that JICA projects would be resumed no sooner the debt restructuring programme is finalized by the International Monetary Fund.12 JAICA projects worth US$ 2.5 billion have been temporarily halted due to the fiscal crisis. The JICA delegation had expressed satisfaction over the progress in debt restructuring plans, in which Japan also played a major role.The Prime Minister thanked JICA Director General for the continuous assistance provided to Sri Lanka for several decades for water treatment, sewerage, sanitation and solid waste treatment projects in several cities and towns. He also requested JICA to provide assistance in new areas such as renewable energy and electrification of public transport and railways.Prime Minister Gunawardena also briefed the JICA delegation about the steps taken to improve transparency and accountability in project implementation by enacting required legislations as recommended by the Committee appointed by the President. He added that a Budget Act would be passed to ensure continuation of nationally important projects and policies despite change of governments in power.
Dinesh Gunawardena Japan Usa Sri Lanka crisis Department Provident Progressive Waters Cooper Assurant
Nandalal Weerasinghe - Banking industry will be protected, assures Central Bank Governor - newsfirst.lk - Sri Lanka
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Banking industry will be protected, assures Central Bank Governor
COLOMBO (News 1st); Sri Lanka's Central Bank Governor Dr. Nandalal Weerasinghe has assured that measures are being taken to ensure the safety and protection of the banking industry.He was speaking at the 33rd Anniversary convention of the Associations of Professional Bankers in Colombo on Monday (20)."In this kind of situation (present economic crisis) we all know banks are not in an easy situation like we had in the past.
Nandalal Weerasinghe Sri Lanka crisis Assurant
Mike Dewine - Erin Brockovich coming to East Palestine, Ohio after toxic train derailment - fox29.com - Usa - state California - state Pennsylvania - state Ohio - Palestine - county Hill
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Erin Brockovich coming to East Palestine, Ohio after toxic train derailment
American activist Erin Brockovich poses for AFP at her home In Agoura Hills, California on March 16, 2021. (Photo by Valeria Macon/AFP via Getty Images) Activist Erin Brockovich says she coming to East Palestine, the site of the freight train derailment where toxic chemicals spilled or were burned off in Ohio more than two weeks ago. Brockovich is holding a town hall on Friday, Feb.
Mike Dewine Usa state California state Pennsylvania state Ohio Palestine county Hill testing Government evacuation Health Waters Southern Assurant
Nine children, teenagers shot at Georgia gas station, police say - fox29.com - Georgia - state Alabama
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Nine children, teenagers shot at Georgia gas station, police say
COLUMBUS, Ga. - Nine youths - including a 5-year-old child - were wounded after shots rang out at a gas station in a Georgia city bordering Alabama, authorities said Saturday.Officers from the Columbus Police Department responded about 10 p.m. Friday and found multiple gunshot victims amid a large group of people.Police Chief Freddie Blackmon said at a news conference Saturday that an altercation apparently took place at a party nearby, and it spilled over to the gas station when the shooting began.
Georgia state Alabama information Department Citi Party Provident Cooper Assurant
Mike Dewine - Ohio derailment: Clinic to open as health fears linger - fox29.com - Usa - state Pennsylvania - state Ohio - Palestine
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Ohio derailment: Clinic to open as health fears linger
EAST PALESTINE, Ohio - A plume of chemicals that spilled into the Ohio River after a fiery train derailment has broken up and is no longer a concern, Ohio's governor said Friday, but worries remain among residents near the disaster site who've complained about lingering headaches and irritated eyes.Despite repeated assurances that air and water testing has shown no signs of contaminants, some around East Palestine, along the Pennsylvania state line, are still skeptical and afraid to return to their homes.Early next week, the state plans to open a medical clinic in the village to evaluate those who are worried and evaluate their symptoms, Ohio Gov. Mike DeWine announced.
Mike Dewine Usa state Pennsylvania state Ohio Palestine experts testing symptoms Health Waters Southern Assurant
Phil Murphy - New Jersey uses new law to bypass local OK for offshore wind project - fox29.com - Denmark - state New Jersey - county Ocean - county Cape May
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New Jersey uses new law to bypass local OK for offshore wind project
(File Photo)  OCEAN CITY, N.J. - New Jersey utility regulators used a controversial law Friday enabling them to bypass local authorities and grant approvals needed for an offshore wind project to proceed.The state Board of Public Utilities granted Orsted, the Danish wind energy developer, approvals toward several easements and permits that authorities in Cape May County had refused to grant the company.They used an amendment to New Jersey's offshore wind law passed in 2021 and signed into law by Democratic Gov. Phil Murphy removing most local control over where offshore wind projects come ashore.
Phil Murphy Denmark state New Jersey county Ocean county Cape May president death information Citi Action Citizens Assurant
Ranil Wickremesinghe - IMF assistance expected in March – President - newsfirst.lk
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IMF assistance expected in March – President
During a discussion held at the Presidential Secretariat on February 16th, President Ranil Wickremesinghe announced that an International Monetary Fund (IMF) EFF loan is expected to be received in March. The President also mentioned that the possibility of reducing bank interest rates is being considered in line with the gradual drop of inflation rate.The discussion was aimed at identifying the issues faced by small and large-scale rice mill owners and finding solutions to resolve them. The rice mill owners brought up the fact that the production cost of a kilogram of rice has increased due to various factors, including the rise in fuel prices, electricity charges, machinery maintenance costs, transportation costs, and all other production and administrative expenses.They noted that they would incur losses by selling their product at the current market price as it is lower than the production cost.The rice mill owners also pointed out the difficulty of paying a high interest rate of 28% on bank loans taken to purchase paddy. It was mentioned that the production cost of a kilogram of paddy has increased due to the rapid increase in prices of the agricultural inputs for paddy cultivation.
Ranil Wickremesinghe president Provident Assurant
Ohio train derailment: Town hall set as concerns linger over odor, sick animals - fox29.com - state Pennsylvania - state Ohio - Palestine
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Ohio train derailment: Town hall set as concerns linger over odor, sick animals
EAST PALESTINE, Ohio - The Ohio village upended by a freight train derailment and the intentional burning of some of the hazardous chemicals on board has invited affected residents to a town hall meeting Wednesday evening to discuss lingering questions.And there are still plenty — about the huge plumes of smoke, the persisting odors, the reports of sick or dead animals, the potential impact on drinking water, all the cleaning up. Even as school has resumed and trains are rolling by again, things aren't the same.In and around East Palestine, near the Pennsylvania state line, people are asking whether the air and water around them is safe for people, pets and livestock.
state Pennsylvania state Ohio Palestine president evacuation CEO reports Waters Southern Assurant
Piyush Goyal - Sri Lanka and India discuss economic recovery; HC Moragoda meets Piyush Goyal - newsfirst.lk - India - Sri Lanka
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Sri Lanka and India discuss economic recovery; HC Moragoda meets Piyush Goyal
Indian Minister of Commerce and Industry, Piyush Goyal on Tuesday (14) met Sri Lanka's High Commissioner Milinda Moragoda and discussed support for economic recovery through bilateral trade expansion.During the discussion between Minister Goyal and High Commissioner Moragoda, which was held in a very cordial manner, a wide range of issues pertaining to the areas of bilateral trade and commerce, particularly aiming at the economic recovery in Sri Lanka, was discussed, read High Commission of Sri Lanka press release.Mechanisms relating to the expansion of bilateral trade, the ways to establish and promote rupee trade between Sri Lanka and India as a means of economic recovery in Sri Lanka, and the possibility of further bilateral integration in the textiles and garment sector were among the key issues discussed between the Indian Commerce Minister and the Sri Lankan High Commissioner.Moragoda thanked India for the unprecedented support that it has extended to Sri Lanka to mitigate the negative impact of the economic crisis.Recalling India's timely issuance of financial assurances to the IMF, the first creditor to do so, High Commissioner Moragoda emphasized the key role that India could play in the recovery phase of the Sri Lankan economy, added the press release.India sent financing assurances to the International Monetary Fund (IMF), becoming the first of Sri Lanka's creditors to officially back the crisis-hit island nation's debt restructuring programme.This takes Sri Lanka one step closer to getting a crucial USD 2.9-billion package from the IMF, made contingent on "receiving financing assurances from Sri Lanka's official creditors and making a good faith effort to reach a collaborative agreement with private
Piyush Goyal India Sri Lanka economy Cooper Assurant
Marlon Dingle - Emmerdale's April regrets faking COVID tests - msn.com
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Emmerdale's April regrets faking COVID tests
Emmerdale spoilers follow. April Windsor is having second thoughts about her plot to protect dad Marlon Dingle in Emmerdale. The teen has been terrified that Marlon's health may suffer if he gets too involved with the family's search efforts to find Paddy, as Dr Liam recently warned Marlon stress could set back his stroke recovery.
Marlon Dingle covid-19 testing information isolate Health Party Assurant
Nirmala Sitharaman - Moragoda meets Indian Finance Minister ahead of G20 Finance Ministers’ Meeting - newsfirst.lk - city New Delhi - India - Sri Lanka
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Moragoda meets Indian Finance Minister ahead of G20 Finance Ministers’ Meeting
High Commissioner of Sri Lanka to India, Milinda Moragoda met with the Finance and Corporate Affairs Minister of India Smt. Nirmala Sitharaman on Tuesday (14) at the Ministry of Finance in New Delhi, as the latest of a series of meetings he has had with her since November 2021.The meeting between the Finance Minister of India and the High Commissioner of Sri Lanka took place just ahead of the first meeting of the G20 Finance Ministers scheduled to be held on 24-25 February 2023 in Bengaluru, chaired by Minister Sitharaman.During the discussion, High Commissioner Moragoda once again thanked Minister Sitharaman for the unprecedented emergency assistance that India has extended to Sri Lanka and for the timely issuance of India’s financial assurances to the International Monetary Fund, concerning the country’s debt restructuring process.The High Commissioner also thanked India and Minister Sitharaman for the assistance being provided to Sri Lanka in the present economic recovery phase, in particular for the necessary regulations and approvals that are being set in place to facilitate rupee trade between the two countries. The discussion also focused on the ways and means to utilize the available resources in the 1 billion USD Indian line of credit to import urgently required essential pharmaceuticals, which are in short supply in Sri Lanka.
Nirmala Sitharaman city New Delhi India Sri Lanka Provident Assurant
Wynonna Judd - Wynonna Judd Shares Health Update After She Stopped Performing Mid-Concert Due to Feeling Dizzy - etonline.com - city Big
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Wynonna Judd Shares Health Update After She Stopped Performing Mid-Concert Due to Feeling Dizzy
Wynonna Judd gave fans cause for concern during a concert in Dayton on Friday, when she had to pause the show after suddenly getting dizzy mid-song.In video taken during the incident, Judd can be seen telling the audience, «Hang on a second. I am really dizzy. Could somebody come up here please?»As a crew member came up to help steady her, Judd explained, «I'm really dehydrated and I'm having a hard time, so hang on a second... This has never happened before.»After considering whether or not to leave the stage, Judd opted to finish the song, telling the audience, «If I faint, just take a lot of pictures!»Judd carried on for the rest of the tune, and eventually decided to perform while seated on a stool.
Wynonna Judd city Big Health Assurant
IMF Insists on Creditor Assurances to Unlock $2.9 Billion Sri Lanka Bailout – Report - newsfirst.lk - China - Japan - India - Sri Lanka
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IMF Insists on Creditor Assurances to Unlock $2.9 Billion Sri Lanka Bailout – Report
Bloomberg: The International Monetary Fund said its approval for a $2.9 billion loan to bail out crisis-riddled Sri Lanka will depend on the island nation securing assurances on debt relief from its bilateral creditors.“Sri Lanka continues to engage with official bilateral creditors to obtain financing assurances and also continues to advance domestic reforms,” an IMF spokesperson said in a statement on the progress of its Extended Fund Facility to the South Asian nation. “As soon as adequate assurances are obtained and remaining requirements are met, including by the Sri Lankan authorities, the EFF arrangement for Sri Lanka can be presented to the IMF’s Executive Board for approval.”The Paris Club – an informal group of rich western creditors — and India have provided formal support to the multilateral lender for the loan recast, leaving China — Sri Lanka’s biggest lender — as a holdout.
China Japan India Sri Lanka information economy Government reports Provident Progressive Assurant
Paris Club Creditors give assurances on IMF program for Sri Lanka - newsfirst.lk - India - Sri Lanka - Kuwait - Hungary - Saudi Arabia
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Paris Club Creditors give assurances on IMF program for Sri Lanka
  A statement noted that the Paris Club members held a meeting on January 25, 2023, in the presence of representatives from Hungary, Saudi Arabia, the Kuwait Fund for Arab Economic Development and India, as well as from the International Monetary Fund and the World Bank, to provide financing assurances to support the approval by the IMF Executive Board of the envisaged IMF program for Sri Lanka, which would allow to restore the country’s macroeconomic stability.They examined the macroeconomic and financial situation of Sri Lanka, including its long-term debt sustainability, and the need for a debt treatment by all bilateral creditors to both fill the financing gap and to ensure Sri Lanka’s debt sustainability in line with the proposed Extended Fund Facility."We acknowledge that the Sri Lankan authorities had the opportunity to present Sri Lanka’s economic and financial situation to their creditors, which underscored the need for debt treatment from all creditors.
India Sri Lanka Kuwait Hungary Saudi Arabia information Gap Action Provident Target Assurant
CEB takes back assurance on suspending power cuts - newsfirst.lk - Sri Lanka
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CEB takes back assurance on suspending power cuts
COLOMBO (News 1st) – The Ceylon Electricity Board informed the Supreme Court on Friday (3) that it would be withdrawing the assurance that it gave to refrain from imposing power cuts until the Contempt of Court application filed by the Human Rights Commission of Sri Lanka is taken up for consideration, and the matter is concluded.President's Counsel Romesh De Silva appearing for the CEB made the announcement to the court.The matter was taken up in the presence of Justices Gamini Amarasekera, Kumuduni Wickremesinghe, and Shiran Gunaratne for consideration.Thereafter, the President's Counsel noted that the assurance will be withdrawn with effect from Friday (3).President's Counsel Upul Jayasuriya appearing for the Human Rights Commission of Sri Lanka requested for an interim order to prevent the CEB from imposing Power Cuts during the period of the Advanced Level Examination is over, if the respondent is withdrawing the assurance that it gave to the Supreme Court on Thursday (2).However, the Supreme Court rejected the request and fixed the matter to be taken up again on the 7th of February at 1:30 PM.The Human Rights Commission of Sri Lanka had moved to the Supreme Court against the Ceylon Electricity Board for failing to follow the directive to provide an uninterrupted supply of electricity until the end of the G. C.
Sri Lanka president information prevention Provident Citizens Assurant
Bondholders Group prepared to engage with Sri Lanka on Debt Restructuring - newsfirst.lk - India - Sri Lanka - state Indiana
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Bondholders Group prepared to engage with Sri Lanka on Debt Restructuring
COLOMBO (News 1st) – The Ad Hoc Group of Sri Lanka Bondholders (the "Bondholder Group") in a letter to the IMF Managing Director has confirmed it is prepared to engage, through its Steering Committee, with the Sri Lankan authorities in restructuring negotiations consistent with the parameters of an IMF Programme and the targets specified therein (the "IMF Programme Targets").The Ad Hoc Group of Sri Lanka Bondholders (the "Bondholder Group") has acknowledges the Sri Lankan authorities' engagement with their official creditors towards a resolution of the current crisis and restoration of debt sustainability.The Bondholder Group further acknowledged that such engagement has recently resulted in the Government of India (in its letter to the IMF, dated January 16, 2023 (the "India Letter")) delivering letters of financing assurances, committing to support Sri Lanka and contribute to its efforts to restore debt sustainability by providing debt relief and financing consistent with the IMF Extended Fund Facility Arrangement (the "IMF Programme") and the IMF Programme targets indicated in the India Letter.Similarly, the Bondholder Group through its Steering Committee stands ready to engage quickly and effectively with the Sri Lankan authorities to design and implement restructuring terms that would help Sri Lanka restore debt sustainability and allow the country to re-gain access to the international capital markets during the IMF Programme period.The Bondholder Group understands that the IMF Programme's debt sustainability targets are identified as (i) reducing the ratio of public debt to GDP to 95% by 2032,  (ii) limiting the central government's annual gross financing needs to GDP ratio to 13% in the period between 2027 and
India Sri Lanka state Indiana information Government crisis Gap Provident Target Assurant
China responds to Nuland’s “not enough” remark - newsfirst.lk - China - Usa - Sri Lanka
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China responds to Nuland’s “not enough” remark
COLOMBO (News 1st) – Chinese Foreign Ministry Spokesperson Mao Ning has retaliated to comments made by US Under Secretary of State for Political Affairs Victoria Nuland during her visit to Sri Lanka that terms extended by China to Sri Lanka for getting IMF debt relief are not enough."Rather than jabbing fingers at China’s close cooperation with Sri Lanka, the US might as well show some sincerity and actually do something to help Sri Lanka weather through the current difficulties," Ning said responding to journalists at a regular press conference on Thursday (02)."What was said by the US side does not reflect the truth. The Export-Import Bank of China has already provided Sri Lanka with the letter to express support for its debt sustainability.
China Usa Sri Lanka Provident Remark Cooper Assurant
Paris Club to give Sri Lanka financing assurances amid IMF debt talks - newsfirst.lk - China - city Beijing - India - Sri Lanka
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Paris Club to give Sri Lanka financing assurances amid IMF debt talks
(Reuters) – The Paris Club of creditor nations is ready to provide financing assurances to Sri Lanka, a key step needed to unlock a $2.9 billion bailout by the International Monetary Fund (IMF), two sources with direct knowledge of the matter told Reuters.The informal group of bilateral lenders is set to "soon" announce its support to the crisis-hit nation on a debt overhaul, said one of the people, who asked not to be named because talks are private.The Asian island nation, which is grappling with soaring inflation, a recession and currency depreciation, entered into a staff level agreement with the IMF last September.But it needs financing assurances from key bilateral lenders before the fund's executive board approves the programme.Sri Lanka's public debt stood at 122% of GDP, of which 70% is denominated in foreign currency, according to data in a country presentation to investors in November.China and India, both non-Paris Club members, are the top bilateral lenders. "Paris Club assurance is not reliant on China," said the source.Another source said the informal group is currently reaching out to other non-Paris Club besides China on financing assurances, but did not provide any further details.India previously committed to help ease the debt burden of neighbour Sri Lanka as part of the IMF programme, and China's Eximbank offered a two-year moratorium in a letter sent to the island nation in January.While the IMF has not yet provided any guidance on where the lender stands regarding China's assurances to Sri Lanka, a U.S.
China city Beijing India Sri Lanka information reports Provident Assurant
NO power cuts until Contempt of Court case is concluded; CEB assures the Supreme Court - newsfirst.lk - Sri Lanka
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NO power cuts until Contempt of Court case is concluded; CEB assures the Supreme Court
COLOMBO (News 1st) – The Ceylon Electricity Board has assured the Supreme Court that it would refrain from imposing power cuts until the Contempt of Court application filed by the Human Rights Commission of Sri Lanka is taken up for consideration, and the matter is concluded.President's Counsel Uditha Egalahewa appearing for the Ceylon Electricity Board made the assurance to the court and pointed out that during the said period no power outages will take place.The matter was called up in the presence of Supreme Court Justices P. Padman Surasena, Yasatha Kodagoda, and Shiran Gunaratne on Thursday (2).The application will be taken up for consideration at 11:30 AM on Friday (3).The Human Rights Commission of Sri Lanka moved to the Supreme Court against the Ceylon Electricity Board for failing to follow the directive to provide an uninterrupted supply of electricity until the end of the G.
Sri Lanka Provident Citizens Assurant
Human Rights Comm. files contempt case against CEB, CPC, Energy Secretary - newsfirst.lk - China - Sri Lanka
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Human Rights Comm. files contempt case against CEB, CPC, Energy Secretary
COLOMBO (News 1st) : The Human Rights Commission of Sri Lanka has filed a Contempt of Court case with the Supreme Court against the Secretary to the Ministry of Power and Energy, Chairman of the Ceylon Electricity Board, and the Chairman of the Ceylon Petroleum Corporation.The Human Rights Commission (HRC) has determined that the Secretary to the Ministry of Power and Energy, Chairman of the Ceylon Electricity Board, and the Chairman of the Ceylon Petroleum Corporation have failed to abide by the settlement arrived at before the commission with regard to the continuous supply of power during the period pertaining to the Advanced Level Examination commencing from 23rd January to 17th February 2023.The HRC notes that the Chairman of the Ceylon Electricity Board is guilty of the offence of contempt under the provisions of the Human Rights Commission of Sri Lanka Act No.
China Sri Lanka Party Provident Citizens Assurant rights
Nandalal Weerasinghe - CBSL Chief hopeful that IMF will get assurances; Responds to staff wearing black - newsfirst.lk - China - India - Sri Lanka
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CBSL Chief hopeful that IMF will get assurances; Responds to staff wearing black
COLOMBO (News 1st) – Sri Lanka's Central Bank Governor Dr. Nandalal Weerasinghe is hopeful that assurances from creditors can be obtained within the 1st quarter of the year.Speaking at the Monetary Policy Review No. 01 of 2023, the governor said that he is hopeful that the International Monetary Fund would be able to receive necessary financing assurances from all the creditors in a very short period."India has clearly given the financial assurances which are acceptable to the International Monetary Fund.
Nandalal Weerasinghe China India Sri Lanka Government Target Assurant
Harsha De-Silva - IMF program can be unlocked next month with all creditor assurances - newsfirst.lk - Sri Lanka
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IMF program can be unlocked next month with all creditor assurances
COLOMBO (News 1st) – Sri Lanka's Central Bank Governor Dr. Nandala Weerasinghe on Monday (23) said that when Sri Lanka obtains all assurances from its bilateral creditors, it would be able to unlock the IMF program somewhere in February.Speaking to the Committee on Public Finance in Parliament, the Governor said that it was not wise for him as the governor to make comments on the assurances from the creditors, as Sri Lanka is a third party to the process."Creditors are supposed to give their assurances to the fund (IMF), so we are a third party as a debtor.
Harsha De-Silva Sri Lanka prevention Party Assurant
China’s Exim Bank offers Sri Lanka debt moratorium – Reuters - newsfirst.lk - China - India - Sri Lanka
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China’s Exim Bank offers Sri Lanka debt moratorium – Reuters
(Reuters) – The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country's efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters.India wrote to the IMF earlier this month, saying it would commit to supporting Sri Lanka with financing and debt relief, but the island nation also needs the backing of China in order to reach a final agreement with the global lender.China's Jan.
China India Sri Lanka 2020 crisis Reuters reports Provident Assurant
Sri Lanka hopeful of completing debt restructuring in six months - newsfirst.lk - China - Japan - India - Sri Lanka - Britain
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Sri Lanka hopeful of completing debt restructuring in six months
 (Reuters) – Sri Lanka is committed to meeting all its debt repayments and is hoping to complete debt restructuring negotiations in the next six months, the country's central bank chief P. Nandalal Weerasinghe said on Tuesday."There has been good progress this month with India already pledging financing assurances.
China Japan India Sri Lanka Britain crisis Racing Progressive Assurant
Bandula Gunawardena - Power Cuts: Two hours after 4 PM during A/L exam period - newsfirst.lk - Sri Lanka
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Power Cuts: Two hours after 4 PM during A/L exam period
COLOMBO (News 1st) – Sri Lanka's Cabinet Spokesperson announced that the daily power outages will be limited to two-hours.Speaking at the media briefing to elaborate on cabinet decisions Minister Bandula Gunawardena noted that the two-hour power outage will only take place after 4 PM during the period of the G. C. E.
Bandula Gunawardena Sri Lanka recommendations information Government Provident Assurant
India commits to help Sri Lanka on debt – IMF - newsfirst.lk - China - India - Sri Lanka - Britain
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India commits to help Sri Lanka on debt – IMF
(Reuters) – India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday.The island nation of 22 million people has grappled with challenges during the past year ranging from a shortage of foreign currency to runaway inflation and a steep recession – the worst such crisis since independence from Britain in 1948.Reuters reported last week that India had told the IMF it strongly supports Sri Lanka's debt restructuring plan as the island seeks a $2.9 billion loan from the global lender, according to a letter."Sri Lanka is engaged with other official bilateral creditors to obtain similar assurances," an IMF spokesperson said in a statement on Monday."As soon as adequate assurances are obtained and remaining requirements are met, including by the Sri Lankan authorities, a Fund-supported program for Sri Lanka can be presented to the IMF's Executive Board for approval that would unlock much needed financing."Sri Lanka requires the backing of China and India – its biggest bilateral lenders – to reach a final agreement with the IMF that is essential to help the country emerge from its worst financial crisis in seven decades.
China India Sri Lanka Britain crisis reports Assurant
Bandula Gunawardena - Power Cuts during A/L exam period draws widespread condemnation - newsfirst.lk - Sri Lanka
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Power Cuts during A/L exam period draws widespread condemnation
COLOMBO (News 1st) –  Although the government assured that there will be no power cuts during the period of the G. C. E.
Bandula Gunawardena Sri Lanka recommendations information Government Provident Assurant
Dayasiri Jayasekera - Saliya Pieris - M.Sumanthiran - G.L.Peiris - Local Government Election will be held on time, Election Comm. gives assurance to Supreme Court - newsfirst.lk - Sri Lanka
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Local Government Election will be held on time, Election Comm. gives assurance to Supreme Court
COLOMBO (News 1st) – The Chairman and members of the Election Commission assured the Supreme Court again on Wednesday (18) that the Local Government Election will be held on time as per the Local Authorities Elections Act and the relevant regulations.The assurance was given to the Supreme Court by President's Counsel Saliya Pieris on behalf of the Chairman and members of the Election CommissionPresident's Counsel Romesh De Silva, and Sandeepa Jayawardena along with other Senior Counsel appearing for the interests of MPs Dayasiri Jayasekera, Lakshman Kiriella, Anura Priyadarshana Yapa, M. A.
Dayasiri Jayasekera Saliya Pieris M.Sumanthiran G.L.Peiris Sri Lanka president Government Assurant
Julie Chung - China responds to Julie Chung’s ‘spoiler’ comment - newsfirst.lk - China - Usa - Sri Lanka - Britain
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China responds to Julie Chung’s ‘spoiler’ comment
The Chinese Embassy in Sri Lanka has responded to the comments made by US Ambassador to Sri Lanka Julie Chung in a recent interview with the BBC.The Chinese Embassy in a statement said that their US colleague should commit to self-examination rather than play the blame game.Full Statement: “China, China, China!”, our US colleague starts chanting this infamous mantra and blaming China as a “spoiler” to the island’s negotiation with the IMF during her recent interview with a UK television program on Sri Lanka’s debt issue. Before her baseless accusing and lecturing, our US colleague should have at least asked herself: Who is the single largest shareholder of the IMF with a veto power over major policy decisions? Who is keeping printing US dollar, with more than $3 trillion in 2020 alone? Who are those private creditors owning 40% of Sri Lanka’s total external debt stock with the highest interest rates? Who sued Sri Lanka in its federal court immediately after the island’s default?The public may also like to know how the US have walked the talk to help the Sri Lankan people when they have already received 10000 MT of rice, 9000 Liters of diesel, 5 billion LKR of medicines and 3 million fabric meters of school uniform materials gifted by China?  They may also question what are the political pre-conditions of the US Aid, while being assured by China’s “No strings attached” commitment and practice.Isn’t it hypocrisy at its finest for our US colleague to play the blame game instead of a self-examination? After all, why didn’t the US take decisive actions in the IMF for a more comfortable solution for Sri Lanka?or extend grant to the island with the rocket amount of US dollars they print every year, instead of sowing discord
Julie Chung China Usa Sri Lanka Britain 2020 medicines Assurant
Dinesh Gunawardena - Sri Lanka would have “some good news soon” – China - newsfirst.lk - China - Sri Lanka
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Sri Lanka would have “some good news soon” – China
COLOMBO (News 1st) – The visiting high level delegation of China’s Communist Party (CPC) led by Vice Minister Chen Zhou told Prime Minister Dinesh Gunawardena that Sri Lanka would have “some good news soon” with regard to debt restructuring.The visiting high level delegation of China’s Communist Party (CPC) led by Vice Minister Chen Zhou, Head of the CPC International Department assured Prime Minister Dinesh Gunawardena that China would stand by Sri Lanka in the current economic crisis.He told the Prime Minister that Sri Lanka is a very special friend of China and they are considering how China could assist Sri Lanka to get over the current crisis.Prime Minister Dinesh Gunawardena had noted that Sri Lanka was looking forward to China’s support in restructuring its debt at the moment and further strengthening its economy in the near future.The Prime Minister's Media Division said that Vice Minister Chen Zhou had assured China’s assistance to Sri Lanka’s debt restructuring.Vice Minister Zhou had noted that Several Ministries and financial institutes of China are working closely on this issue for quite a long period, and he is confident that Sri Lanka will have good news very soon.
Dinesh Gunawardena China Sri Lanka Department Party Assurant
India notifies it will support Sri Lanka’s debt restructuring plan – Bloomberg - newsfirst.lk - India - Sri Lanka
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India notifies it will support Sri Lanka’s debt restructuring plan – Bloomberg
COLOMBO (News 1st) – India formally notified that it would support Sri Lanka’s debt restructuring plan, according to a person with knowledge of the matter, reported Bloomberg News.This would clear a major hurdle for the bankrupt nation to unlock a $2.9 billion bailout from the International Monetary Fund.India, one of Sri Lanka’s major bilateral creditors, gave its assurances late Monday (16), the person said, asking not to be identified as the details aren’t public, reported Bloomberg News.An announcement could be made as early as Tuesday, another person said, according to the report.
India Sri Lanka reports Assurant
Sri Ratnayake - Treasury assures funds for election - newsfirst.lk
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Treasury assures funds for election
COLOMBO (News 1st) – The Treasury has agreed to provide the funds necessary for the election without any disruption, said the Commissioner General of Elections on Thursday (12).Commissioner General of Elections Saman Sri Ratnayake speaking to News 1st said officials from the Treasury were summoned to the National Election Commission on Wednesday (11) to make inquiries regarding the views that were being expressed claiming that the funds for the election will not be available.The Treasury officials have noted that as the election is a constitutional matter, the funds will be provided without any disruption.The Chairman of the Election Commission and its members, the Commissioner General of Elections, and the Chief Financial Controller of Election had also attended this meeting.
Sri Ratnayake Provident Assurant
Do I need regular health policy if I have a critical illness cover? - livemint.com - India
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Do I need regular health policy if I have a critical illness cover?
I don’t want to buy health insurance but want a critical illness plan where I can get the full sum insured irrespective of the actual cost for several diseases. I got this information from an insurance agent. Please let me know how does critical illness insurance work. Also, why should one have regular health insurance if there is a critical health policy? —Name withheld on request A critical illness plan is a fixed benefit plan.
India Health Provident Assurant
Sri Lankans - Nandalal Weerasinghe - CBSL urges China and India to reduce its debts - newsfirst.lk - China - city Beijing - India - Sri Lanka - county Ocean
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CBSL urges China and India to reduce its debts
BBC – Sri Lanka's central bank has urged China and India to agree a write-down of their loans as soon as possible, reported the BBC on Thursday (12).The crisis-hit Indian Ocean state defaulted on its debt repayments and negotiated a $2.9bn (£2.4bn) bailout.But the International Monetary Fund will not release the cash until China and India first agree to reduce Sri Lanka's billions of dollars of debt.The governor of Sri Lanka's central bank told BBC Newsnight it was in the interest of all parties to act quickly.Dr. Nandalal Weerasinghe said: "The sooner they give us finance assurances that would be better for both [sides], as a creditor, as a debtor.""That will help us to start repaying their obligations," he added."We don't want to be in this kind of situation, not meeting the obligations, for too long.
Sri Lankans Nandalal Weerasinghe China city Beijing India Sri Lanka county Ocean BBC Party Assurant
National Election Commission is NOT divided – NEC Chairman - newsfirst.lk
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National Election Commission is NOT divided – NEC Chairman
Colombo (News 1st) – Chairman of the National Election Commission Attorney Nimal Punchihewa stated that there are no divisions amongst the commission members. "In any institution, be it a commission, agency, or even the Supreme Court, various opinions are put forth when a decision is being made – that is the order of things" he stated. "That has happened within this commission as well.
Government reports Assurant
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