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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 okay to criticise us, but we ask that you do not discourage farmers from growing," he said.
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
Medical supplies also send to the Suwaseriya ambulance service
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
Police has discovered hoarding of fuel worth 20.5 million rupees in the past few days.
They brought the proposal (in 2020) that Financial Advisors have to be appointed to make debt sustainable.
“What the international community is looking for is long-term policy credibility and sustainability."
Regional plantation companies and smallholders are harvesting green leaf and arranging deliveries
The United Nations (UN) has assured assistance to Sri Lanka in addressing the current economic challenges. Foreign Minister Prof. G. L. Peiris met the UN Resident Coordinator in Colombo, Hanaa Singer- Hamdy to discuss multiple impacts arising out of the current economic situation in the country such as supply of essential items, concerns regarding food […]
Experts say, “The lack of cooperation by Beijing would complicate the debt recovery journey of Sri Lanka”. The magnitude of the economic crisis that Sri Lanka is facing has reached catastrophic proportions. The whole world is astounded by the rampant mismanagement beyond the comprehension of anybody. Once an economic model of Asia, is now reeling […]
Motorists around the country have queued for fuel, but the government was unable to supply.
Cabraal kept the exchange rate artificially steady while spending reserves for foreign debt repayment.
Cabraal has been prevented leaving the country from April 7
Forex shortage disrupt energy supplies to industries
[…]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
The banned stations are in Makola South, Naalla, Pethiyagodda and Mirigama.
Sri Lanka sees long queues for fuel around the country
Russia’s invasion of Ukraine could cause global food shortages in the coming months, the UN has warned. Secretary-General Antonio Guterres said the war had worsened food insecurity in poorer nations due to rising prices. The world could face famines that last for years if Ukrainian exports are not restored to pre-war levels, he added. The […]
People have started street protests demanding cooking gas from the government.
"Yesterday we received 160 million dollars from the World Bank. We cannot use it for fuel but we are discussing it."
Sri Lanka is desperate for dollar inflows
Prime Minister Ranil Wickremesinghe today painted a gloomy picture for Sri Lanka saying the country will face an even more difficult time period in the short term. In an address to the nation today, the Prime Minister said that there are petrol stocks only for a single day, there is a possibility that the daily power […]
New Prime Minister reveals the grim reality of the economy
[…]The post Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? appeared first on Colombo Telegraph.
In the next few weeks we will face the most difficult time