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Sri Lanka's key inflation rate rose to 1.5% in October from 1.3% a month ago, the statistics department said on Tuesday.The post Sri Lanka’s key inflation rate rises to 1.5% in October appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Rising food prices drive Sri Lanka inflation up to 4.2% in December (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 50.6% in February (Category: Breaking News)
- Sri Lanka unexpectedly cuts rates by 250 bps as inflation eases (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 25.2% in May (Category: Breaking News)
Sri Lanka to increase Value-Added Tax (VAT) from 15 percent to 18 percent effective from January 01, 2024.The post Sri Lanka to increase VAT to 18% appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka to remove 7.5% Port and Airport tax from Fuel & Gas but add 18% VAT (Category: Breaking News)
- Prices of all DCSL liquor products to be increased (Category: Breaking News)
- VAT has not been charged on consumer goods – Minister (Category: Breaking News)
- Mobile phone prices in Sri Lanka up by 35% from January 01? (Category: Breaking News)
ECONOMYNEXT – Sri Lanka is in the process of creating a Revenue Authority and the 2024 budget is likely to announce it to monitor the three key state income collecting bodies due to their poor performance, sources who are aware of the new move said. A Parliament Sectoral Oversight Committee on National Economic and Physical […]
- Revenue Authority being formed secretly (Category: Breaking News)
- Efficient tax administration critical to generating expected revenue (Category: Breaking News)
- Revenue collection exceeds target for first quarter by more than Rs. 45 billion (Category: Breaking News)
- 105,000 registered limited liability companies but 82 percent of revenue comes from just 382 (Category: Breaking News)
Thursday 26th October, 2023 Some SLPP MPs are shedding copious tears for the public who are struggling to keep their heads above water. Prominent among them is former Minister Namal Rajapaksa, who is trying to absolve the SLPP of the blame for exponential increases in taxes and tariffs. Attributing the people’s economic woes to the […]
- Kiriella accuses IMF of double speak (Category: Breaking News)
- Rohitha Abeygunawardena elected chair of COPE (Category: Breaking News)
- Why does IMF ignore government’s authoritarian behavior, asks Harsha (Category: Breaking News)
- Quorum quandary (Category: Breaking News)
Sri Lanka Podujana Peramuna (SLPP) Parliamentarian Namal Rajapaksa has voiced his displeasure over the recent Cabinet reshuffle that took place, deeming it a mere ‘change of posts’, as opposed to an effective solution to the issues Sri Lanka is currently facing.The post Namal Rajapaksa slams Cabinet reshuffle, says President should understand coalition politics appeared first on ONLANKA - Sri Lank...
- Namal slams Cabinet reshuffle, says President should understand coalition politics (Category: Breaking News)
- Mahinda Rajapaksa to form new alliance (Category: Breaking News)
- Basil likely to enter parliament during cabinet reshuffle – Dissanayake (Category: Breaking News)
- Basil likely to enter parliament during cabinet reshuffle – Dissanayake (Category: Breaking News)
The International Monetary Fund (IMF) says Sri Lanka is on the path to receive the second tranche of funding as the country looks to complete its economic reforms agenda on schedule. IMF Executive Director Dr. Krishnamurthy Subramanian said that the commitment will be a reason to assure
- IMF wants secrecy till final deal with Sri Lanka reached (Category: Breaking News)
- IMF MD and Ranil review progress on restructuring Sri Lanka’s debt (Category: Breaking News)
- Sri Lanka’s creditors to hold crucial talks next week (Category: Breaking News)
- IMF and Sri Lanka discuss steps to be taken to secure funds (Category: Breaking News)
Sri Lanka should aim to get state revenues more than 12 percent of gross domestic product and avoid revenue shortfalls next year, International Monetary Fund Senior Mission Chief Peter Breuer said. Sri Lanka projected revenues (including non-tax) of 3,408 billion rupee (11.3 -pct of GDP
- Smokers, drinkers hit by index linked taxes (Category: Breaking News)
- IMF says increasing revenue of paramount importance for Sri Lanka; defends VAT hike (Category: Breaking News)
- 93 percent jump in tax collection in first half of this year (Category: Breaking News)
- New IMF funds for Sri Lanka may be delayed as review sees revenue shortfall (Category: Breaking News)
The Ceylon Chamber of Commerce (CCC) has congratulated the Government of Sri Lanka for reaching a staff-level agreement on the first review of Sri Lanka’s Extended Fund Facility Arrangement (EFF) with the International Monetary Fund (IMF). “This agreement is set to grant Sri Lanka access
- Sinopec signs agreement to enter Sri Lanka s fuel retail market (Category: Breaking News)
- Sri LankaÂThailand FTA likely to be signed in March 2024 (Category: Breaking News)
- India, Sri Lanka hopeful of early ETCA conclusion, working on Kochi-Colombo LNG pipeline (Category: Breaking News)
- Sri Lanka, Thailand to sign bilateral aviation agreement (Category: Breaking News)
The staff level agreement on the first review of the International Monetary Fund (IMF) programme will enable multilateral agencies to disburse remaining installments and help fast-track debt restructuring, State Minister of Finance Shehan Semasinghe said. “This was much needed to strengthen
- COPF asks govt. why it shared IMF pact with other committees (Category: Breaking News)
- New IMF funds for Sri Lanka may be delayed as review sees revenue shortfall (Category: Breaking News)
- Ceylon Chamber commends staff-level agreement on first IMF review, calls for continued economic ... (Category: Breaking News)
- IMF programme in SL showing signs of working – Breuer (Category: Breaking News)
Sri Lanka has decided to continue to actively participate in the Belt and Road Initiative proposed by China. Issuing a joint statement, Sri Lanka reiterated that it will never allow any separatist activity against China on Sri Lanka‘s soil. The joint statement by China and Sri Lanka was issued following a visit to China by President Ranil Wickremesinghe […]
- China pledges steadfast support to Sri Lanka (Category: Breaking News)
- Sri Lanka and Estonia successfully conclude inaugural bilateral political consultations (Category: Breaking News)
- China remains the most sincere and reliable friend of Sri Lanka – Ambassador (Category: Breaking News)
- President Wickremesinghe places his trust on Xi Jinping (Category: Breaking News)
The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.The post IMF wants strong budget, narrower deficit from Sri
- IMF wants strong budget, narrower deficit from Sri Lanka (Category: Breaking News)
- IMF warns about budget deficit (Category: Breaking News)
- IMF commends Sri Lanka's commitment to reduce budget deficit, change in policy rates (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
Sri Lanka and the International Monetary Fund (IMF) have reached a staff-level agreement on economic policies to conclude the first review of US $ 3 billion, 48-month, Extended Fund Facility (EFF).The post Sri Lanka reaches IMF staff-level agreement on first review appeared first on ONLANKA - Sri
- IMF Executive Board considers Sri Lanka’s loan facility for approval today (March 20) (Category: Breaking News)
- First review of IMF’s Extended Fund Facility for Sri Lanka to commence today (Category: Breaking News)
- IMF praises Sri Lanka’s economic progress amid challenges (Category: Breaking News)
- IMF not expected to discuss Sri Lanka before year-end – sources (Category: Breaking News)
The Ceylon Chamber of Commerce has congratulated the Government of Sri Lanka for reaching a staff-level agreement on the first review of Sri Lanka s Extended Fund Facility Arrangement (EFF) with the International Monetary Fund (IMF).
International Monetary Fund (IMF) says it looks forward to analyzing the details of the recent agreement between Sri Lankan authorities and the Export-Import Bank (Exim Bank) of China on debt treatment terms.
The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.
- Economic Czar (Category: Business)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
The International Monetary Fund (IMF) and Sri Lanka have reached a crucial staff-level agreement which is now subject to the approval by IMF management and the IMF Executive Board. After constructive discussions with the authorities in Colombo and during the Annual Meetings in Marrakech, IMF Senior
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
- IMF Executive Board to decide on Sri Lanka’s EFF on March 20 (Category: Breaking News)
- IMF delegation to visit Colombo next week (Category: Breaking News)
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
The International Monetary Fund (IMF) team Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the first review of the 48-month EFF-supported program.
Sri Lanka today said it was confident of reaching a Staff Level agreement with the International Monetary Fund (IMF) to secure around US$338 million. State Minister of Finance Shehan Semasinghe told Parliament that multiple discussions have taken place between the IMF and Sri Lanka in recent weeks
- Sri Lanka expects first review by IMF to be successful (Category: Breaking News)
- Sri Lanka to continue talks with bondholders (Category: Breaking News)
- Sri Lanka yet to finalise restructuring domestic debt (Category: Breaking News)
- IMF wants Sri Lanka to provide more relief to the poor (Category: Breaking News)
Sri Lanka is taking an unfavorable view toward a proposal by foreign dollar bondholders for restructuring its debt, signaling possible complications in negotiations that are key for accessing further funding to support its economic recovery. “This proposal has not received a favorable response from Sri Lanka,” the Ministry of Finance said in an official statement, […]
- Sri Lanka calls for debt-restructuring proposals from dealer managers (Category: Breaking News)
- Bondholders and Sri Lanka fail to agree on restructuring terms (Category: Breaking News)
- Sri Lanka could benefit from debt-for-nature swap (Category: Breaking News)
- Sri Lanka bondholders proposal sees government pushback (Category: Breaking News)
Sri Lanka is close to reaching a vital staff-level agreement with the International Monetary Fund to get funding, while it’s also assessing debt restructuring terms from foreign holders of its dollar bonds, according to junior Finance Minister Shehan Semasinghe.The post Sri Lanka Close to IMF
- Sri Lanka close to IMF agreement, is weighing bondholder terms  Semasinghe (Category: Breaking News)
- Semasinghe rubbishes reports claiming transfer of economic centers to foreign country (Category: Breaking News)
- No move to restructure domestic debt – State Minister (Category: Breaking News)
- Sri Lanka to offer conducive environment for investors (Category: Breaking News)
Sri Lanka is close to reaching a vital staff-level agreement with the International Monetary Fund to get funding, while it s also assessing debt restructuring terms from foreign holders of its dollar bonds, according to State Minister of Finance Shehan Semasinghe.
Indian Finance Minister Nirmala Sitharaman has commended the progress Sri Lanka has made thus far with regard to the resolutions under their agreement with the International Monetary Fund (IMF).
The International Monetary Fund (IMF) does not support providing subsidies to everyone in Sri Lanka. Krishna Srinivasan, Director of the IMF’s Asia and Pacific Department said that there needs to be targeted support to the poor and vulnerable in Sri Lanka. “We fully sympathize and understand
- IMF confident Sri Lanka can be put on the path to prosperity (Category: Breaking News)
- IMF tells Sri Lanka to work on governance issues (Category: Breaking News)
- Sri Lanka can be on path to prosperity if debt sustainability achieved – IMF (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
Sri Lanka's authorities can negotiate any proposals private creditors make, such as issuing GDP-linked bonds, a senior International Monetary Fund (IMF) official said on Friday.The post IMF: Sri Lanka can discuss proposals from private creditors including GDP-linked bonds appeared first on ONLANKA
- Sri Lanka can discuss proposals from private creditors including GDP-linked bonds- IMF (Category: Breaking News)
- Lanka gets restructuring proposal from bond holders (Category: Breaking News)
- Sri Lanka bondholders sent $12 billion debt rework proposal to government, sources say (Category: Breaking News)
- SL private creditors submit proposal for restructuring overseas debt (Category: Breaking News)
Private creditors in Sri Lanka have submitted a restructuring proposal for the country’s $12 billion overseas debt, aiming to include a novel bond-type designed to ease repayments in the face of potential economic pressures, Reuters reported on Friday. The proposal, sent on 02 October, outlines a write-down on both capital and interest, the international news […]
- Sri Lanka bondholders proposal sees government pushback (Category: Breaking News)
- Sri Lanka s bondholders send debt rework proposal to government (Category: Breaking News)
- Some creditors of Sri Lanka seek debt restructuring deal excluding China, reports Bloomberg (Category: Breaking News)
- Sri Lanka bondholders sent $12 billion debt rework proposal to government - report (Category: Breaking News)
Sri Lanka s authorities can negotiate any proposals private creditors make, such as issuing GDP-linked bonds, a senior International Monetary Fund official said on Friday.
Sri Lanka's private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including a new type of bond designed to ease repayments in case of future economic pressure, said two sources with direct knowledge of the matter.The post Sri Lanka bondholders sent $12 billion debt rework proposal to government, sources say appeared first on ONLANKA - Sri Lanka Latest Breaking ...
- Sri Lanka’s bondholders send debt rework proposal to government (Category: Breaking News)
- Sri Lanka s bondholders send debt rework proposal to government (Category: Breaking News)
- Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal (Category: Breaking News)
- Global investors and Sri Lanka officials set for second round of Bond Restructuring talks (Category: Breaking News)
Sri Lanka is likely to clinch an agreement in the next several days that would help it tap more funds from the International Monetary Fund even though it s still trying to firm up negotiations with creditors on debt restructuring, Bloomberg reported.
Sri Lanka has reached an agreement with the Export-Import Bank of China to cover about $4.2 billion of the island nation's outstanding debt, its finance ministry said in a statement on Thursday.The post Sri Lanka says it has deal with China EXIM bank covering $4.2 billion of debt appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- China says Exim Bank and Sri Lanka reached preliminary debt deal (Category: Breaking News)
- China’s EXIM bank offers Sri Lanka debt extension – report (Category: Breaking News)
- Analysis: China paves Sri Lanka’s way to IMF funds, but debt talks remain uncertain (Category: Breaking News)
- Sri Lanka expects financing assurances from China for IMF deal within days (Category: Breaking News)
Sri Lanka expects the Executive Board of the International Monetary Fund (IMF) to clear the next tranche of IMF financing of about US$334 million to be disbursed following a deal reached between Sri Lanka and China. The Finance Ministry said that the Government of Sri Lanka reached an agreement
- China asked to share copies of letter on Sri Lanka debt restructuring (Category: Breaking News)
- Ceylon Chamber urges China to meet IMF requirements (Category: Breaking News)
- Some creditors want to restructure Sri Lanka’s debt without China (Category: Breaking News)
- Paris Club provides financing assurances to IMF on Sri Lanka (Category: Breaking News)
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