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Ceylon Association of Shipping Agents (CASA) has gifted 100 bicycles to the port
[…]The post Changing Pillows To Cure Headaches: Politicians—Constitutional Amendment Mess appeared first on Colombo Telegraph.
The Government has decided to increase the Value Added Tax (VAT) from 8% to 12% and the Telecommunications Levy from 11.23% to 15%. The Prime Minister’s Office said that Sri Lanka introduced a low tax regime in late 2019. The reforms included the reduction of tax rates of Value Added Tax, Personal Income Tax (PIT) […]
The headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100), soared to 39.1% in May from 29.8% in April this year, the Statistics Department of the Central Bank of Sri Lanka says.
Plans to raise Rs195bn a year
"It’s the overall uncertainty in the system," a market analyst said.
Food prices up 57-pct over 12-months and 86-pct since inflationary policy began in Aug 2019
"It's okay to criticise us, but we ask that you do not discourage farmers from growing," he said.
The World Bank Country Manager in Colombo, Chiyo Kanda, called on the Minister of Foreign Affairs Prof. G.L. Peiris at the Ministry of Foreign Affairs on 27 May, 2022.
The Central Bank of Sri Lanka Reassures its Commitment to Ensuring the Availability of Foreign Exchange through the Banking System for Importation of Essential Food Items
A new visa scheme for foreign investors to invest, live and study in Sri Lanka was launched today. The launching ceremony of the ‘Golden Paradise Visa Scheme’ was held under the aegis of Central Bank Governor Dr. Nandalal Weerasinghe and Defence Secretary General Kamal Gunaratne at the Department of Immigration and Emigration, Battaramulla today (May […]
The Central Bank of Sri Lanka (CBSL) today reassured its commitment to ensuring the availability of foreign exchange through the banking system for importation of essential food items while also requesting the trading community and the general public to act responsibly under the prevailing challenging circumstances.
The Central Bank of Sri Lanka (CBSL) today reassured its commitment to ensuring the availability of foreign exchange within the banking system for the importation of essential goods, including the food items. The Ministry of Finance issued Import Control Regulations on Payment Terms No.07 of 2022, dated 06 May 2022, and to be effective from […]
CBSL would like to reassure its commitment to ensuring foreign exchange within the banking system for food
The World Bank Country Manager in Colombo, Chiyo Kanda, recently called on the Minister of Foreign Affairs Prof. G.L. Peiris at the Ministry of Foreign Affairs.
[…]The post Important But Imperfect: Recommendations On The Draft 21st Amendment To The Constitution Bill appeared first on Colombo Telegraph.
[…]The post Sri Lanka Tamils: No Choice But To Join GotaGoGama, Stay Put Or Go Abroad appeared first on Colombo Telegraph.
"Recent media reports have given specific numbers of immediate World Bank support. This is not accurate."
Ceylon Petrolem Corporation needs 554 million US dollars to import oil in June
[…]The post A Child’s Guide To Currency Board Systems: Has The Monetary Board Failed The Nation? appeared first on Colombo Telegraph.
The World Bank Country Manager in Colombo, Chiyo Kanda has assured that approximately USD 700 million will be disbursed to Sri Lanka within the next few months.The post World Bank to disburse USD...Click on the headline to read the full story
On Monday, the central bank guidance margin was set at plus 1.00 rupees or minus 4.00 rupees.
WB has assures 700 million dollars assistance within a few months
Sri Lanka has sought assistance from the World Bank until long term assistance materializes through the International Monetary Fund (IMF). World Bank Country Manager in Colombo, Chiyo Kanda, called on the Minister of Foreign Affairs Prof. G.L. Peiris at the Ministry of Foreign Affairs. Minister Peiris sought assistance from the World Bank until long term […]
Times are extraordinary with the macro stresses clearly unprecedented
Tradition in MB is to reach decisions by consensus. If one member disapproves, it isn’t carried
10 monitoring committee
Ambassador Chung has stated that the United States will continue to support Sri Lanka during its difficult time
The central bank is now borrowing mainly through the ACU
[…]The post Never-Ending Political Games; Country Is At Peril appeared first on Colombo Telegraph.