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[…]The post All-Weather And Fair-Weather Friends appeared first on Colombo Telegraph.
[…]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) […]
Taiwan says it deployed fighter jets to warn off 30 warplanes sent by China into its air defence zone. The incident on Monday marked the biggest incursion since January. It came days after US President Joe Biden warned China against invading Taiwan, and on the same day as a US official visited the island to […]
"It’s the overall uncertainty in the system," a market analyst said.
Sri Lanka is to seek assistance from Paris Club lenders and the G7, Minister of Foreign Affairs Professor G.L. Peiris said. Foreign Minister Peiris requested continued support from Japan, both bilaterally and through multilateral channels, to mitigate the economic challenges in Sri Lanka. Minister Peiris explained that the Government of Sri Lanka will seek assistance […]
Food prices up 57-pct over 12-months and 86-pct since inflationary policy began in Aug 2019
[…]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
Minister of Foreign Affairs Professor G.L. Peiris has met with U.S. Ambassador Julie Chung and held wide-ranging discussions on bilateral relations, current domestic developments and assistance from the international community in mitigating the challenges facing the country. .
Ambassador Chung has stated that the United States will continue to support Sri Lanka during its difficult time
Sri Lanka has sought continued support from the US to mitigate the economic challenges in the country. Minister of Foreign Affairs Prof. G.L. Peiris met U.S. Ambassador Julie Chung at the Ministry of Foreign Affairs and held wide-ranging discussions on bilateral relations, current domestic developments and assistance from the international community in mitigating the challenges […]
The central bank is now borrowing mainly through the ACU
[…]The post Some Suggestions To Assist In Sri Lanka Striving To Achieve A Primary Balance appeared first on Colombo Telegraph.
[…]The post Dollar Crunch & Expanding Horizons appeared first on Colombo Telegraph.
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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
The Museum of Modern and Contemporary Art Sri Lanka (MMCA Sri Lanka) is an education-led initiative that aims to establish a public museum dedicated to the display, research, collection and conservation of modern and contemporary art for the benefit and enjoyment of the general public, schools, and tourists. Developing a professionally qualified team with skills […]
Ottawa [Canada], May 20 (ANI): Reiterating Canada’s support for Taiwan, Prime Minister Justin Trudeau has said that Ottawa’s longstanding position was to ensure Taipei’s voice was heard in multilateral forums. Trudeau was speaking at the House of Commons on Wednesday. He had been asked by Conservative Member of Parliament and Shadow Foreign Minister Michael Chong […]
After being closed to tourists for two years, Japan is opening its borders to visitors from 98 countries and regions. It marks the most significant moment so far in the country’s slow relaxation of its Covid-19 entry restrictions. But some restrictions will remain, including a requirement to visit the country as part of a tour […]
Possibility of increasing and restructuring the assistance provided by India in the form of credits
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Investors are waiting for cues from budget proposals, new government's policies to achieve stability
The United Kingdom (UK) is exploring avenues of support towards Sri Lanka, including through both bilateral and multilateral channels, the UK High Commissioner to Sri Lanka, Sarah Hulton said. The High Commissioner called on the Minister of Foreign Affairs, Professor G.L. Peiris at the Ministry of Foreign Affairs and congratulated him on his reappointment as the […]
2025, 2027 bonds downgraded to default a month after coupon payments missed
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 […]
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 […]