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By Hiran H. Senewiratne The CSE’s business sentiment was impaired yesterday following the Central Bank raising Rs 16 billion out of a required Rs 75 billion via Treasury Bills at a weekly auction, which amounted to just 22 per cent of the total issued on the previous day. Besides, President Ranil Wickremesinghe’s public statement on […]
The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe says that in present circumstances, there is no alternative other than the International Monetary Fund (IMF) to get assistance for reviving the country s economy.
[…]The post ‘Make The Economy Scream’: Whither The Asian 21st Century? appeared first on Colombo Telegraph.
President Ranil Wickremesinghe, in a televised statement yesterday (18), warned that Sri Lanka wouldn’t be able to obtain assistance of the IMF, or any other lending agencies, or countries, if tough new tax regime was not implemented. The President said: “If we withdraw from this programme, we will not receive assistance from the IMF. If […]
Say draconian powers drafted to be given to Inland Revenue Chief Calls for independent body to get a fair hearing By Sanath Nanayakkare The new tax bill is one that demotivates taxpayers from being compliant and one that restricts existing taxpayers from their legitimate deductions, Nisreen Rehmanjee, head of corporate finance, group tax and social […]
[…]The post Continuing Corruption: Begging IMF: Increasing Taxes appeared first on Colombo Telegraph.
Delivering a special statement on tax policy today (October 19), Sri Lankan President Ranil Wickremesinghe explained the cause of recent tax implementation and elaborated on the progress made with regard to debt restructuring.The post Sri Lankan President explains Government’s tax policy while revealing the cause of inflation appeared first on Sri Lanka News - Latest Breaking News in Sri Lan...
President Ranil Wickremesinghe says the Government has no choice but to increase taxes in line with the expectations of the International Monetary Fund (IMF). In an address to the nation, the President said that Government is ready to implement prudent economic management after successful debt restructuring. President Wickremesinghe further noted that it was not possible […]
"The government is ready to discuss this further," he said.
The World Bank, in its Sri Lanka Development Update (SLDU), emphasises that the first step the country should take is to determine the current needs of the population in a transparent and unbiased manner.The post Debt restructuring is required for sustainability – World Bank appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Leaving his family and relatives was the hardest decision for Suren. But he had no other option.The post Sri Lankans migrate, work over time, eat less to beat inflation appeared first on EconomyNext.
By Frederik Kelter A few months ago, a box was left outside the door of 34-year-old Yu Ting Xu’s apartment in Beijing. Inside, there was an electronic monitoring wristband and a demand that she wear the wristband at all times as part of the fight against COVID-19 in her residential area. While telling her story […]
Tax hike proposal has dragged the bourseThe post Sri Lanka stocks bucks falling trend on bargain hunting appeared first on EconomyNext.
Sri Lanka's state-run Ceylon Petroleum Corporation has a habit of getting oil on credit and paying laterThe post Sri Lanka owes US$751mn to oil suppliers: Minister appeared first on EconomyNext.
Market rose after slipping for third sessions The post Sri Lanka shares gain in mid-day trade appeared first on EconomyNext.
About half the firms rated by Fitch could see credit pressure
51-pct of the households says there is an increased risk for girls to get married before they turned 18.
The losses up to June exceeds Rs600bn
USD 3.8 bn in six months Sri Lanka would be in a far more difficult situation if not for financial assistance provided by the government of India, JVP leader Anura Kumara Dissanayake told ‘Hiru’ on Monday (17) night. Dissanayake compared the assistance provided to the tune of USD 3.8 bn, within 6 months, with USD […]
Violence cannot be justified, under any circumstances. Therefore, the practice of referring to the JVP bids to topple the governments of the late Mrs. Sirimavo Bandaranaike (April 1971) and JRJ and Ranasinghe Premadasa (1987-1990) as southern insurrections should be stopped. The armed forces and police defeated the JVP and LTTE terrorism. Several other Tamil terrorist […]
They said they have also reduced the dosage of intakes of medicines per day
Tax hike proposals have dragged the index
Rupee fell for the first time since September 16.
Seylan Bank announced the appointment of two veterans from financial and audit backgrounds into its Board of Directors recently. Ms. Sunjeevani Kotakadeniya joined the Board of Seylan Bank as Non-Executive Director while Ms. Averil Ludowyke joined in the capacity of Independent Non-Executive Director. Ms. Kotakadeniya possesses over three decades of experience in finance and general […]
Tax hikes proposed when people across the country are suffering of lower disposable income, higher cost of living
[…]The post Ranil-Rajapaksa: The Bells Shall Toll For The ‘Hilters’ Of Our Time! appeared first on Colombo Telegraph.
Group A-W will have 1 hour and 20 minutes power cut during the night.
The only thing is procurement procedures are tedious
The Paris Club has assured its fullest support for Sri Lanka’s ongoing efforts to find an early resolution to its debt crisis. The assurance was given when State Minister of Finance Shehan Semasinghe met William Roos, Co-Chairman of the Paris Club. The discussion took place during the IMF/World Bank Annual Meetings in Washington. “Met with […]