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[…]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) […]
"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
[…]The post Important But Imperfect: Recommendations On The Draft 21st Amendment To The Constitution Bill appeared first on Colombo Telegraph.
[…]The post A Child’s Guide To Currency Board Systems: Has The Monetary Board Failed The Nation? appeared first on Colombo Telegraph.
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 […]
Tradition in MB is to reach decisions by consensus. If one member disapproves, it isn’t carried
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.
[…]The post Dollar Crunch & Expanding Horizons appeared first on Colombo Telegraph.
[…]The post What Can Ranil Get Done? appeared first on Colombo Telegraph.
Medical supplies also send to the Suwaseriya ambulance service
President Gotabaya Rajapaksa today assured the Central Bank s governor and the Monetary Board his fullest and unqualified assurance of freedom to discharge their functions independently and without any extraneous constraints.
ECONOMYNEXT – Sri Lanka’s President Gotabaya Rajapaksa has assured full independence to the Central Bank following a meeting with Governor Nandalal Weerasinghe, his office said.President Rajapaksa met Governor Weerasinghe and Monetary Board member Sanjeeva Jayawardena and assured “his fullest and unqualified assurance of freedom to discharge their functions independently and with...
France has gifted Sri Lanka anesthetics and respiratory medications worth 300,000 Euros
Veteran with two decades of banking experience
Investors are waiting for cues from budget proposals, new government's policies to achieve stability
The Parliamentary Council decided to concur with the recommendation to appoint Mr. Anthony Nihal Fonseka as a member of the Monetary Board of the Central Bank of Sri Lanka,The Secretary General of Parliament Mr. Dhammika Dassanayake said.
The Parliamentary Council has decided to concur with the recommendation to appoint Anthony Nihal Fonseka as a member of the Monetary Board of the Central Bank of Sri Lanka, Secretary General of Parliament Dhammika Dassanayake said. The decision was taken at a meeting of the Parliamentary Council chaired by Speaker Mahinda Yapa Abeywardena. Prime Minister […]
By Easwaran Rutnam India and Japan have decided to cooperate to address the crisis in Sri Lanka, the Japanese Foreign Ministry said. The agreement was reached at a meeting between Japanese Prime Minister KISHIDA Fumio and the Prime Minister of India Narendra Modi. The two met at a Japan-India Summit Meeting held in Japan on […]
The Parliamentary Council decided to concur with the recommendation to appoint Mr. Anthony Nihal Fonseka as a member of the Monetary Board of the Central Bank of Sri Lanka, the Secretary-General of Parliament said today.
An International Monetary Fund (IMF) team has concluded a virtual mission to Sri Lanka during which it was noted that Sri Lanka must give an assurance that debt sustainability will be restored. The IMF team led by Peter Breuer and Masahiro Nozaki conducted a virtual mission with the Sri Lankan authorities during May 9-24 on […]
IMF has advised Sri Lanka top seek debt restructuring as early as in April 2020, officials have told a parliament panel
They brought the proposal (in 2020) that Financial Advisors have to be appointed to make debt sustainable.
By Easwaran Rutnam The United Kingdom (UK) is in talks with Paris Club members on potential solutions to Sri Lanka’s unsustainable debt. The Paris Club is a group of officials from major creditor countries whose role is to find co-ordinated and sustainable solutions to the payment difficulties experienced by debtor countries UK Parliamentary Under-Secretary at […]
By Easwaran Rutnam The Committee on Public Enterprises (COPE) has proposed appointing a special Parliament Select Committee to probe the causes behind the economic crisis. COPE has also proposed investigating the officials and others who neglected their duties and are responsible for the crisis. The proposal was made at the COPE meeting held today. COPE […]
The central bank has tightened the monetary policy, allowed sharp depreciation in the rupee to attract dollar inflows