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[…]The post All-Weather And Fair-Weather Friends appeared first on Colombo Telegraph.
- What Sri Lanka Can Take Away From The US Elections (Category: Breaking News)
- USA Is Less Racist And Bigoted Than Sri Lanka (Category: Breaking News)
- Will Gota Mess Around With 13A? (Category: Breaking News)
- Will Gota Mess Around With 13A? (Category: Breaking News)
Ceylon Association of Shipping Agents (CASA) has gifted 100 bicycles to the port
- Bunker Business (Category: Business)
- Bunker Business (Category: Business)
- Fuel spill at Colombo port (Category: Breaking News)
- Sri Lanka sets October opening for bunker terminal (Category: Breaking News)
[…]The post Changing Pillows To Cure Headaches: Politicians—Constitutional Amendment Mess appeared first on Colombo Telegraph.
- Immediate Governmental Actions Needed (Category: Breaking News)
- Debt Trap, Lack Of Accountability & Blunders (Category: Breaking News)
- Lack Of Accountability, Ability & Credibility (Category: Breaking News)
- The First Step Of Aragalaya Is Completed: What Is Next? (Category: Breaking News)
[…]The post Staggered Reform To Save Country From Peril appeared first on Colombo Telegraph.
- Getting Nearer To Solution As Options Narrow (Category: Breaking News)
- Government Needs To Change Course In National Interest (Category: Breaking News)
- Holding President And Prime Minister To Their Promises (Category: Breaking News)
- Interim Government For Reform Not Consolidation (Category: Breaking News)
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) […]
- Taxable income of individuals revised (Category: Breaking News)
- IMF defends tax hike in Sri Lanka (Category: Breaking News)
- Social Security Contribution Levy Bill passed (Category: Breaking News)
- Sri Lanka seeks temporary relief from debt defaults till 2027 (Category: Breaking News)
The headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100), soared to 39.1% in May from 29.8% in April this year, the Statistics Department of the Central Bank of Sri Lanka says.
Plans to raise Rs195bn a year
- Sri Lanka’s People’s Leasing net down 37-pct in March (Category: Breaking News)
- Sri Lanka’ Dipped Products net up on forex gains (Category: Breaking News)
- Sri Lanka to increase betting, gaming taxes; casino tax up 150 percent (Category: Breaking News)
- Sri Lanka’s Teejay Lanka net up 9-pct amid margin pressure (Category: Breaking News)
Cash-strapped Sri Lanka on Tuesday announced steep, across-the-board tax hikes to shore up revenue as the country suffers its worst economic downturn and seeks an IMF bailout.The post Bankrupt Sri...Click on the headline to read the full story
Major General Vikum Liyanage has been appointed as the 24th Commander of the Sri Lanka Army by President Gotabaya Rajapaksa. Major General Vikum Liyanage received his official letter of appointment from President Gotabaya Rajapaksa at the President’s House, Colombo, today (31). Vikum Liyanage , the most Senior Officer in the Army will be elevated to […]
- New Army Commander assumes duties (Category: Breaking News)
- Major General Vikum Liyanage to be new Army Chief (Category: Breaking News)
- Army says its prime responsibility includes protecting the Constitution and democracy (Category: Breaking News)
- President meets troops who defended Parliament during protests (Category: Breaking News)
President Gotabaya Rajapaksa has brought Sri Lanka Telecom (SLT), the Board of Investment (BoI) and the Port City Economic Commission under him through a gazette notice. The gazette specifies the duties and functions of the current Ministries and institutions allocated for each Ministry. Accordingly, a number of State institutions have been taken under the Defence […]
- Speaker confirms Gotabaya Rajapaksa has resigned (Category: Breaking News)
- President flees to a “nearby” country (Category: Breaking News)
- SLPP admits picking Gotabaya as President was a mistake (Category: Breaking News)
- Gotabaya expected to return on Saturday (Category: Breaking News)
A travel ban has also been imposed on the former MP.
The Ministry of Education said the incident had taken place on last Wednesday (25).
Prior to the appointment, Silva served as acting Chief of Defense Staff during the COVID-19 pandemic.
- Defence Secretary and Army Commander promoted (Category: Breaking News)
- Defence Secretary and Army Commander promoted (Category: Breaking News)
- Defence Secretary and Army Commander promoted (Category: Breaking News)
- Law fails to do its duty in Foseka’s case: Sarath N Silva (Category: Breaking News)
"It’s the overall uncertainty in the system," a market analyst said.
- Sri Lanka shares fall on profit taking (Category: Breaking News)
- Sri Lanka sells Rs81bn in Treasuries, yields steady (Category: Breaking News)
- Sri Lanka sells Rs127bn in bonds, 2032 on tap at 30.09-pct (Category: Breaking News)
- Sri Lanka stocks gain on financials; Sampath Bank leads (Category: Breaking News)
The Value Added Tax (VAT) has been increased from 8% to 12% with immediate effect, announced the Office of the Prime Minister today (May 31).The post Sri Lanka increases VAT to 12% &...Click on the headline to read the full story
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 […]
- Central mechanism to be established to streamline requests for assistance (Category: Breaking News)
- Empathy and understanding sought by Sri Lanka (Category: Breaking News)
- Iran assures continued assistance to Sri Lanka (Category: Breaking News)
- UK exploring avenues of support towards Sri Lanka (Category: Breaking News)
More diesel arrived in Sri Lanka from India as part of the assistance offered to Sri Lanka by India. A shipment of 40,000 MT of diesel supplied under Indian assistance reached Colombo last evening, the Indian High Commission in Colombo said today. On 23 May 40,000 MT of petrol arrived in Sri Lanka from India […]
- Another 40,000 MT of petrol arrives in Sri Lanka from India (Category: Breaking News)
- Another shipment of diesel from India delivered to Sri Lanka (Category: Breaking News)
- Public urged not to queue up for fuel over next 3 days (Category: Breaking News)
- India delivers another 40,000 MT of petrol to Sri Lanka (Category: Breaking News)
Food prices up 57-pct over 12-months and 86-pct since inflationary policy began in Aug 2019
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
PM's office
- Estimated Rs 1,400 bn, from VAT in 2024 (Category: Breaking News)
- Sri Lanka tax revenues up 27-pct with galloping inflation, one off levy (Category: Breaking News)
- VAT 18% from next year (Category: Breaking News)
- Sri Lanka Government revenue surges by 43.5%, yet expanding budget deficit spurs VAT hike (Category: Breaking News)
The Public Utilities Commission of Sri Lanka (PUCSL) has approved the Ceylon Electricity Board s request for power interruptions from the 02nd to 05th of June, the chairman of electricity sector regulator Janaka Ratnayake says.
Daily power cuts will be further reduced to one hour in the next few days, the PUCSL said.
- Wild weather lashes Victoria (Category: Australia, Victoria)
- Wind causes power cut (Category: Australia, Tasmania )
- Riddle of big power failure (Category: Australia, Tasmania )
- Three hour power cuts in Sri Lanka from tomorrow (Category: Breaking News)
Media reports showed long queues still in Badulla, Polonnaruwa, Nuwara Eliya and Hatan areas.
- Rail bus service back on track (Category: Breaking News)
- Warning issued over possible floods in several river basins (Category: Breaking News)
- 620 liters of illicit alcohol recovered (Category: Breaking News)
- Shootout at Maduru Oya reserve, one dead (Category: Breaking News)
Major General Vikum Liyanage has been appointed as the new 24th Commander of the Sri Lanka Army by President Gotabaya Rajapaksa today (May 31).The post Vikum Liyanage appointed as the 24th Army...Click on the headline to read the full story
Major General Vikum Liyanage was appointed as the 24th Commander of Sri Lanka today (May 31), President s Media Division (PMD) says.
42 Department, Statutory Boards and State Corporations including the Sri Lanka Telecom (SLT), Board of Investment (BOI) and the Colombo Port City Economic Commission have been gazetted under the...Click on the headline to read the full story
Sri Lankan Prime Minister Ranil Wickremesinghe has proposed to amend a number of financial acts to increase the revenue of the government.The post Cabinet approves Prime Minister Ranil...Click on the headline to read the full story
The cabinet of ministers had given the go ahead to publish the revised GDP numbers from 2015
ECONOMYNEXT – Sri Lanka’s stock market plunged over 1.5% within the first hour of trade on Tuesday (31) following the announcement of the Cabinet to hike taxes back to 2019 levels and the questions on what will happen next, market participants said.The main All Share Price Index fell 1.07 percent or 154.04 points to 8,077.29 at 1130 hrs.The most liquid S&P SL20 slipped 1.93 percent...
Sri Lanka’s Cabinet of Ministers approved the proposal to submit a supplementary estimate to the Parliament for the provision of Rs. 695 billion under the “Budget Assistance Services and Emergency...Click on the headline to read the full story
"It's okay to criticise us, but we ask that you do not discourage farmers from growing," he said.
- Sri Lanka to introduce anti-hoarding laws for food stocks – PM (Category: Breaking News)
- Crisis-hit Sri Lanka to supply fertilizer at 25-pct cost amid looming food shortage (Category: Breaking News)
- Sri Lanka farmers in record Yala rice cultivation of 512,000 hectares: Minister (Category: Breaking News)
- World Bank to grant $110 mln loan to crisis-hit Sri Lanka for fertilizer import – Minister (Category: Breaking News)
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