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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 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 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.
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
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 Dollar Crunch & Expanding Horizons appeared first on Colombo Telegraph.
[…]The post What Can Ranil Get Done? appeared first on Colombo Telegraph.
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...
Sri Lanka's pharmaceuticals suppliers are hit by payment delays and are also facing regulatory delays
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
Rooftop solar to be encouraged to save costs
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 […]