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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.
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
By Easwaran Rutnam British Prime Minister Boris Johnson, during a telephone conversation with Prime Minister Ranil Wickremesinghe today, spoke about Russian President Vladimir Putin’s barbaric invasion of Ukraine. During the telephone conversation with Prime Minister Ranil Wickremesinghe today, the British Prime Minister stressed the role Putin’s barbaric invasion and senseless blockade of t...
“We support the decision to appoint committees. We will support it,” Gammanpila said.
[…]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 […]
By N Sathiya Moorthy Now that Prime Minister Ranil Wickremesinghe’s Cabinet has taken some substantial if not final shape, the question arises if the old wine in an older bottle or bottles tastes matured or sour. That it’s only old wine in older bottle or bottles, there can be no two opinions about it. But […]
Tradition in MB is to reach decisions by consensus. If one member disapproves, it isn’t carried
Prime Minister Ranil Wickremesinghe has proposed appointing a National Council consisting of the Speaker, the Prime Minister, the Leader of the Opposition and leaders of the major political parties. The National Council will talk about the policies of the country, about the decisions taken by the Cabinet and about the reorganization of the Parliament of […]
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
The president has requested in writing from several countries including Russia to buy oil.
At AIESEC, we are determined to develop young people. To make this happen, AIESEC Sri Lanka successfully conducted NATCON ’22, the largest youth leadership development conference at Citrus Waskaduwa on April. The 3-day conference laid the foundation for the newly elected leadership bodies of AIESEC to prepare for the upcoming year, hence this was a […]
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 […]
Discussions have been going on as early as 1970s
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 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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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...