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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) […]
"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 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
Chinese companies, already suffering from a poor image in corporate ethics, continue to violate the laws of the land in Bangladesh causing loss to the exchequer. Chinese government-affiliated companies habitually use corruption and criminality not just in Bangladesh but in entire South Asia to gain an unfair advantage. Adding to the long list of malpractices […]
China is closing in on India after establishing ports at Gwadar in Pakistan, Hambantota and Colombo in Sri Lanka and soon it will have access to the Indian Ocean from ports in Myanmar. In August 2021, China successfully trialled a cargo run from Myanmar’s Yangon Port all the way to China’s Yunnan Province. China has […]
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
ECONOMYNEXT – Sri Lanka’s stock market was marginally down within the first out of the trade on Monday (30), Colombo Stock Exchange data showed.Analyst said that the market is extremely volatile with news of tax weighing in heavily, however, they are also trying to understand its applicability.The main All Share Price Index (ASPI) fell 0.09 percent at 1130 hrs or 7.30 points to 8,308.2...
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
The Department of Foreign Affairs (DFA) of the Philippines has ordered the immediate repatriation of Filipinos in Sri Lanka who want to return home amid the ongoing economic crisis in the country.
Foreign Secretary of the Philippines, Teodoro Locsin Jr. on Sunday ordered the repatriation of Filipinos in Sri Lanka who want to return home amid the ongoing economic crisis that hit the...Click on the headline to read the full story
Tradition in MB is to reach decisions by consensus. If one member disapproves, it isn’t carried
The High Commissioner of the United Kingdom to Sri Lanka, Sarah Hulton, called on the Minister of Foreign Affairs, Professor G.L. Peiris on 26 May 2022, at the Ministry of Foreign Affairs and congratulated him on his reappointment as the Foreign Minister of Sri Lanka.
Philippines has ordered the immediate repatriation of Filipinos in Sri Lanka who want to return home amid the ongoing economic crisis in the foreign country. “Get them home. We have the money,” Foreign Affairs Secretary Teodoro Locsin Jr. ordered on Sunday, May 29. Locsin was referring to Filipinos who would request for repatriation amid the […]
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
About 2.0 billion rupees left from IPO to be used to settle dollar and rupee debt