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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) […]
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 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 post Sri Lanka Tamils: No Choice But To Join GotaGoGama, Stay Put Or Go Abroad 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.
Times are extraordinary with the macro stresses clearly unprecedented
[…]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.
Investors are waiting for cues from budget proposals, new government's policies to achieve stability
[…]The post 1972: A Historic Opportunity Missed appeared first on Colombo Telegraph.
[…]The post The Current System & Unlawful Actions appeared first on Colombo Telegraph.
Abans Finance, AMW Capital Leasing and Finance and Richard Pieris Finance Limited on Rating
New Prime Minister is expected to present a new budget with higher tax, reduced government spending
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 […]
Analysts expect market to fall with government's expected fiscal consolidation plan
The central bank has tightened the monetary policy, allowed sharp depreciation in the rupee to attract dollar inflows
“What the international community is looking for is long-term policy credibility and sustainability."
Sri Lanka's 2022 economic growth will see the worst ever contraction in its history - CB chief
Motorists around the country have queued for fuel, but the government was unable to supply.
[…]The post The Politics Of Default appeared first on Colombo Telegraph.
In our expectations the economy will contract at the highest rate than in any other year in history
Cabraal kept the exchange rate artificially steady while spending reserves for foreign debt repayment.
Cabraal has been prevented leaving the country from April 7
[…]The post Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards appeared first on Colombo Telegraph.
The debt was repaid in 2021 by running down foreign reserves and putting the central bank in debt
[…]The post A Cabinet Of Patriotic Opportunists appeared first on Colombo Telegraph.
The new government yet come up with some concrete steps to come out of Sri Lanka's unprecedented economic crisis