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President Ranil Wickremesinghe said in Parliamenty yesterday he was aware that Value Added Tax (VAT) was a burden on the public. He said it would be possible to reduce VAT with the passage of time. Delivering the government policy statement at the commencement of the new session of Parliament, the President said: “The prior scarcity […]
Inaugurating the 5th session of the 9th Parliament of Sri Lanka President Ranil Wickremesinghe called upon all lawmakers to collaborate in nation building even though they would be contesting elections separately. “From ancient times to the present day, our world has encountered a myriad of crises, spanning nations and personal lives alike. While some crises […]
Sri Lanka President Ranil Wickremesinghe while presenting his Policy Statement in Parliament today (February 07), says the government was planning to reduce the tax burden as economic reforms continue to stabilize the economy.The post Sri Lanka President Ranil delivers Government’s policy statement in Parliament appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Debt-laden Sri Lanka will unveil its domestic debt restructuring strategy this week, central bank chief P Nandalal Weerasinghe said on Sunday (Jun 25), as the island navigates its worst financial crisis in decades. Sri Lanka will also likely obtain Cabinet and parliamentary approval for the debt restructuring strategy this week, Weerasinghe told local TV channels […]
Bangladesh has extended the repayment period of the loan it had given to Sri Lanka by six more months as the Island nation continues to struggle to fix its debt crisis, officials say. Earlier, the central bank of Sri Lanka had sought time from Bangladesh to make the first instalment of the $200 million credit […]
To tackle the enormous economic challenge that Sri Lanka is facing, everyone must come together to support the recovery and promote stable and inclusive growth, says the International Monetary Fund (IMF) Senior Mission Chief for Sri Lanka Peter Breuer.The post Everyone must come together to support
By SHIHAR ANEEZ Sri Lanka expects to present an anti-corruption bill to the parliament in coming days, Cabinet Spokesman said, as the island nation has been urged by the International Monetary Fund (IMF) to reduce corruption. The IMF has urged Sri Lanka to reduce corruption vulnerabilities
Reforms to be introduced to end ‘media abuses’ President Ranil Wickremesinghe yesterday said that the government was not in a position to lower the taxes. Delivering his second government policy statement to inaugurate the Fourth session of the Ninth Parliament, the President said: “Some people say that the primary taxable income should be raised from […]
Sri Lanka President Ranil Wickremesinghe ceremonially declared open the fourth session of the ninth Parliament and delivered the Government Policy Statement today (February 08).The post Sri Lanka President delivers Government’s policy statement in Parliament appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post President Ranil Wickremesinghe’s Policy Statement – Full Text appeared first on Colombo Telegraph.
President Ranil Wickremesinghe told Parliament today that he will continue with his unpopular decisions. Making his throne speech, Wickremesinghe said that he is not here to be popular. He said that the unpopular decisions he takes will have positive results in the years to come. The President said that Sri Lanka expects to recover from […]
[…]The post Food Security Challenges Aligning With The Current Economic Crisis In Sri Lanka appeared first on Colombo Telegraph.
[…]The post ‘Make The Economy Scream’: Whither The Asian 21st Century? appeared first on Colombo Telegraph.
India is considered one of the potential superpowers of the world. This possibility has been attributed to many indicators, mainly demographic trends and a rapidly growing economy and military. India became the fastest-growing economy in the world in 2015, with estimated GDP growth of approximately 5%. There is no stopping India which is celebrating eight […]
[…]The post Country Has Fallen Due To The Socialist Thinking appeared first on Colombo Telegraph.
Sri Lanka’s economic crisis is driving millions of people into poverty, jeopardizing their rights to health, education, and an adequate standard of living, Human Rights Watch said today. Human Rights Watch said the Sri Lankan Government should work with relevant financial institutions and partners to establish a new social protection system and obtain debt relief, […]
“Human Rights Watch is extremely concerned by the draconian and abusive state of emergency currently in effect."
Sri Lanka’s new president, Ranil Wickremesinghe, should ensure that his administration adopts measures to protect the basic rights of all Sri Lankans, Human Rights Watch said in a letter published todayThe post Sri Lankan President Ranil Wickremesinghe needs to end crackdown – Human Rights Watch appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Sri Lanka’s new president, Ranil Wickremesinghe, should ensure that his administration adopts measures to protect the basic rights of all Sri Lankans, Human Rights Watch said in a letter published today outlining key human rights concerns. Wickremesinghe was sworn in as president on July 21, 2022, after then-President Gotabaya Rajapaksa stepped down after months of widespread protests against [&#...
[…]The post 9th July Revolution Ousted Rajapaksa Dynasty; So, Let It Imprimatur appeared first on Colombo Telegraph.
[…]The post The Destiny Of China’s Colony Of Sri Lanka appeared first on Colombo Telegraph.
[…]The post IMF – Eagerly Awaited – Desperation Grows! appeared first on Colombo Telegraph.
[…]The post Depart From The Comfort Zone! appeared first on Colombo Telegraph.
By Cassandra Mascarenhas The technical sessions of the Association of Professional Bankers’ 24th anniversary convention were held yesterday, bringing the APB’s flagship event to a close. Aptly themed ‘Sustainability in volatility: The bankers’ challenge,’ each technical session explored an area that could throw obstacles in the path of bankers and the line-up of speak...
It will not draw last tranche of US$800mil due to high interest rate by the global lender Sri Lanka, which is locked in a row with the International Monetary Fund over its exchange rate policy, will not draw the remaining US$800mil of a US$2.6bil loan from the global lender due
by Darini Rajasingham Senanayake On 4 February, Sri Lanka celebrated its 63rd birthday. After nearly three decades of armed conflict, it is now one of Southasia’s calmest and fastest-growing countries. Its social indicators, apart from the northeast zone, remain the...
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