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Sri Lanka's Ministry of Finance, Economic Stabilization and National Policies issued a press release on June 16, 2024, to address speculations regarding a proposed property tax mentioned in the International Monetary Fund (IMF) Extended Fund Facility (EFF) program documents.The post Sri Lanka’
- Finance Ministry issues clarification on proposed imputed rental income tax (Category: Breaking News)
- Govt: Rental income tax will affect only high-wealth individuals (Category: Breaking News)
- Sri Lanka President underscores the criticality of financial discipline in nation-building (Category: Breaking News)
- Sri Lankan President announces new Wealth Tax on Rental Income (Category: Breaking News)
Sri Lanka’s Ministry of Finance, Economic Stabilization and National Policies says the proposed homeowners tax will target high wealth individuals and not average income earners. The Ministry of Finance says the objective will be achieved by a suitable tax-free threshold to ensure that the tax is targeted on very high value property or multiple properties […]
- Taxable income of individuals revised (Category: Breaking News)
- VAT and Telecommunications Levy increased in tax reforms (Category: Breaking News)
- Petitions filed accusing Finance Secretary of contempt of court (Category: Breaking News)
- Bureau of Rehabilitation Bill inconsistent with Constitution (Category: Breaking News)
Sri Lanka s Ministry of Finance, Economic Stabilization and National Policies states that the recent publication of the International Monetary Fund (IMF) supported Extended Fund Facility (EFF) programme related documents make reference to a proposed property tax is to be implemented as an imputed
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Former Speaker and the National Movement of Social Justice (NMSJ) Chairperson Karu Jayasuriya, yesterday stressed the critical importance of effectively utilising the third tranche of the International Monetary Fund (IMF) bailout package. Jayasuriya has, in a media statement, said steps
- We are almost there with IMF bailout – CBSL Governor (Category: Breaking News)
- IMF working with a government without a mandate – Handunnetti (Category: Breaking News)
- USD 2.9bn IMF loan facility: Govt. confident of completing process early next year (Category: Breaking News)
- COPF asks govt. why it shared IMF pact with other committees (Category: Breaking News)
Monetary Fund (IMF) supported Extended Fund Facility (EFF) programme related documents make […]
- Sri Lanka’s Finance Ministry clarifies Imputed Rental Income Tax (Category: Breaking News)
- Govt to introduce imputed rental income tax due to failure to implement property tax? (Category: Breaking News)
- Smokers, drinkers hit by index linked taxes (Category: Breaking News)
- Proposed homeowners tax to target high wealth individuals (Category: Breaking News)
The opposition Samagi Jana Balawegaya (SJB) says it will not agree to the homeowners tax proposed by the International Monetary Fund (IMF). SJB MP Dr. Harsha De Silva says the homeowners tax is unfair and must not be implemented. The MP said the IMF has already indicated it is prepared
- Probe over death threats to Dr. Harsha de Silva (Category: Breaking News)
- COPF finds only 4 casinos paying taxes (Category: Breaking News)
- Proposed homeowners tax to target high wealth individuals (Category: Breaking News)
- Sajith picks Harsha to be his Finance Minister (Category: Breaking News)
Washington (District of Columbia, United States) The International Monetary Fund released $336 million as part of a bailout loan instalment for Sri Lanka despite delays in the crucial restructuring of its foreign debt, including to China, the Washington-based lender said Wednesday. The South Asian
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- Debt restructuring strategy out in April (Category: Breaking News)
- Cancel Sri Lanka s debt, global economists tell creditors (Category: Breaking News)
- Sri Lanka s debt repayments to be suspended until 2028 (Category: Breaking News)
The International Monetary Fund (IMF) says that there has been sufficient progress for Sri Lanka’s Debt Restructuring process to move forward. Joining the IMF press briefing on Sri Lanka’s second review of EFF programme held virtually yesterday morning (14), IMF Senior Mission Chief for Sri Lanka
- Serious consequences of failing to implement IMF programme (Category: Breaking News)
- President now expects IMF bailout next month (Category: Breaking News)
- Delays in governance and transparency reforms in Lanka’s IMF bailout programme, says Verité Rese... (Category: Breaking News)
- IMF working with a government without a mandate – Handunnetti (Category: Breaking News)
The US Ambassador in Colombo Julie Chung says that the United States welcomes the International Monetary Fund s (IMF) approval of Sri Lanka s second review of the Extended Fund Facility (EFF) programme.
The International Monetary Fund (IMF) states that sufficient progress has been made for Sri Lanka's debt restructuring process to move forward.The post IMF reports progress in Sri Lanka’s debt restructuring amid economic vulnerabilities appeared first on Sri Lanka News | Breaking News &
- IMF hints no room for any new govt. to wriggle out of agreed reforms after polls (Category: Breaking News)
- Sri Lanka to receive first tranche of IMF funds in two days (Category: Breaking News)
- IMF Staff concludes visit to Sri Lanka and issued official statement (Category: Breaking News)
- IMF says Sri Lanka must reach timely restructuring deals with creditors (Category: Breaking News)
The International Monetary Fund (IMF) announced today (June 14) that Sri Lankan authorities have formulated an initial roadmap to relax restrictions on motor vehicle imports by 2025.The post IMF reports Sri Lanka’s roadmap to relax motor vehicle import restrictions by 2025 appeared
- Sri Lanka to lift restrictions on vehicle imports by 2025 (Category: Breaking News)
- Vehicle import ban: traders want to be consulted in decision-making (Category: Breaking News)
- Sri Lanka to relax Import restrictions on 328 more items from tonight (Category: Breaking News)
- Sri Lanka to relax import restrictions imposed on vehicles used for public transport (Category: Breaking News)
On June 10, the Sri Lanka Foundation Institute hosted a significant seminar titled, "Is There Another Way? Debt Restructuring, IMF and the Future of Sri Lanka"The post Is There Another Way? Debt Restructuring, IMF and Future of Sri Lanka appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Cancel Sri Lanka’s debt, global economists tell creditors (Category: Breaking News)
- China tells IMF willing to take constructive part in debt talks (Category: Breaking News)
- Sri Lanka President highlighted challenges faced in debt restructuring process to U.S. Treasury ... (Category: Breaking News)
- India ‘strongly supports’ Sri Lanka debt restructuring plan, it tells IMF (Category: Breaking News)
SriLankan Airline CEO Richard Nuttall said that the government is on its way to privatize several state-owned enterprises as part of the International Monetary Fund (IMF) program and one of those is the flag carrier of the island nation.The post Privatization of SriLankan Airlines Part of IMF
- Proposed privatisation of SriLankan in line with IMF remedy – CEO (Category: Breaking News)
- Privatisation of SriLankan Airlines is part of IMF program, says CEO (Category: Breaking News)
- SriLankan CEO believes ‘worst is over’, expects $50 Million profit next year (Category: Breaking News)
- Sri Lanka airline boss says ‘don’t be a CEO during Covid’ (Category: Breaking News)
The International Monetary Fund (IMF) announced the completion of the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing Sri Lanka to draw SDR 254 million (about US$ 336 million).The post IMF approves $336 million for Sri Lanka after second review appeared
- IMF Executive Board approves another US$336 million for Sri Lanka (Category: Breaking News)
- IMF and Sri Lankan Authorities Reach Staff-Level Agreement on Economic Policies (Category: Breaking News)
- IMF reaches staff-level agreement on first review of Sri Lanka’s Extended Fund Facility arrangem... (Category: Breaking News)
- Despite signs of stabilization, full economic recovery not yet assured – IMF Mission (Category: Breaking News)
The former Sri Lankan Permanent Representative to the United Nations in Geneva, Dr. Dayan Jayatilleka says that Sri Lanka could have struck a better deal with the International Monetary Fund (IMF), if the island nation went to the international lender as a bipartite team consisting
The International Monetary Fund (IMF) says that there is sufficient progress for Sri Lanka s Debt Restructuring process to move forward.
SriLankan Airlines CEO Richard Nuttall has declared that the Wickremesinghe-Rajapaksa government intends to privatise several state-owned enterprises, including SriLankan as part of the International Monetary Fund (IMF) programme. Asian News International quoted Nuttall as having said on Wednesday
- Privatisation of SriLankan Airlines is part of IMF program, says CEO (Category: Breaking News)
- Union: UL will be stripped of profitable units to ensure no takers for national carrier (Category: Breaking News)
- SriLankan CEO believes worst is over , expects $50 mn profit next year (Category: Breaking News)
- Privatization of SriLankan Airlines Part of IMF Program, Says CEO (Category: Breaking News)
[…]The post President RW Emphasizes He Has Not Deviated From The Principles Of The Democratic Socialist System appeared first on Colombo Telegraph.
- Crisis-hit Sri Lanka’s interim budget aims ambitious revenue, debt cut targets (Category: Breaking News)
- Despite signs of stabilization, full economic recovery not yet assured – IMF Mission (Category: Breaking News)
- India ready to restructure its Colombo debt: What about others? (Category: Breaking News)
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
State Minister of Finance Shehan Semasinghe expressed gratitude to the International Monetary Fund (IMF) Board Members, Management and Mission Team for the unwavering and dedicated support extended to Sri Lanka following the approval of the second review of the EFF programme.
The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR 254 million (about US$336 million). This brings the total IMF financial support disbursed so far to SDR 762
- IMF Executive Board approves US$ 337 million to Sri Lanka (Category: Breaking News)
- Government’s Letter of Intent for fresh IMF support under SBA (Category: Business)
- IMF approves $336 million for Sri Lanka after second review (Category: Breaking News)
- IMF Executive Board approves another US$336 million for Sri Lanka (Category: Breaking News)
The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR 254 million (about US$336 million).
The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, with Sri Lanka allowing the authorities to draw about US$336 million. This brings the total IMF financial support disbursed so far to SDR 762 million
- IMF approves $336 million for Sri Lanka after second review (Category: Breaking News)
- IMF reaches staff-level agreement on Sri Lanka’s second review (Category: Breaking News)
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
- Sri Lanka to receive first tranche of IMF funds in two days (Category: Breaking News)
The Executive Board of the International Monetary Fund (IMF) has approved Sri Lanka s second review under the Extended Fund Facility (EFF) programme, paving the way for the country to receive the third tranche of around USD 330 million, Sri Lanka s Foreign Minister Ali Sabry said.
The Central Bank of Sri Lanka (CBSL) has expressed confidence that the International Monetary Fund (IMF) will approve the release of the third tranche under the Extended Fund Facility (EFF) programme today (12).
Sri Lanka s State Minister of Finance Shehan Semasinghe says today (June 12) marks a significant milestone for Sri Lanka s economy as the International Monetary Fund s executive board is scheduled to discuss the second review of the Extended Fund Facility (EFF) and Article IV consultation.
Negotiations for the third tranche of the International Monetary Fund (IMF) loan to Sri Lanka are scheduled to commence tomorrow (June 12).The post IMF third tranche negotiations for Sri Lanka begin tomorrow appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Fund View (Category: Business)
- Reserve Track (Category: Business)
- Sri Lanka proposes investment friendly budget... (Category: Breaking News)
- IMF approves loan to Lanka (Category: Breaking News)
Minister of Transport, Highways and Mass Media, Dr. Bandula Gunawardena stressed the necessity of adhering to the loan agreements with the International Monetary Fund (IMF) irrespective of who is in power in Sri Lanka. He also said that parties aspiring to clinch state power have an obligation
[…]The post Voice Of The Voiceless appeared first on Colombo Telegraph.
- Black & White; No Shades? (Category: Breaking News)
- Evolution Of A Movement: From JVP To NPP: From Violent Offensive Against Police Stations To Bein... (Category: Breaking News)
- Feminist Revolt & Masculinity Pitfalls In The Bolshevik Camp: Sri Lanka’s Election Prelude (Category: Breaking News)
- Are We Going To The Fringes Or Coming To The Middle? (Category: Breaking News)
The International Monetary Fund (IMF) says there is a strong expectation that Sri Lanka will soon reach agreements with external commercial creditors consistent with program parameters. “So overall we assess that there has been sufficiently strong progress on the debt restructuring front
- SL’s second review: IMF Executive Board to meet on 12 June (Category: Breaking News)
- Strong expectation that Sri Lanka will reach agreements with external creditors soon - IMF (Category: Breaking News)
- Swift completion of final agreements with official creditors critical for Sri Lanka  IMF (Category: Breaking News)
- Wrapping up Sri Lanka external debt deals critical, property tax needed: IMF (Category: Breaking News)
Transparency International Sri Lanka (TISL) filed legal action on June 5 in the Supreme Court challenging the Public Financial Management Bill, highlighting concerns related to public procurement.The petition (SC SD 77/2024) points out that Clause 32 of the Bill seriously weakens the controls on public procurement, thereby enhancing the corruption risk and weakening the level […]
- TISL challenges Public Financial Management Bill in the Supreme Court (Category: Breaking News)
- TISL files petition challenging Anti-Corruption Bill (Category: Breaking News)
- TISL files FR petition over human immunoglobulin and other controversial medical supplies (Category: Breaking News)
- Medicine procurement scandal- TISL files petition, seeks to recover costs incurred (Category: Breaking News)
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