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[…]The post The Economic Setbacks Of Yahapālanaya Government appeared first on Colombo Telegraph.
- Corruption In Sri Lanka: The Root Of Modern Social Instability (Category: Breaking News)
- The Menace Of Political Nepotism: Sri Lanka’s Downfall (Category: Breaking News)
- NATO Expansion: The Untold Agreement & Its Role In The Ukraine War (Category: Breaking News)
- Shocking Incident Involving Mormon Leader’s Assault Of Sri Lankan Father Leads To Charges & Cour... (Category: Breaking News)
Sri Lanka s spike in inflation is expected to be short-lived and will return to the targeted 5% in the medium term, a monetary policy report released by the central bank said on Thursday as the island nation s economy stabilises from a crippling financial crisis.
By Nimali Liyanage B.Sc. Accountancy (Sp.), FCA The broadening of the tax net and the removal of the Value Added Tax (VAT) exemptions have had a positive impact on the economy, but the government will not earn the expected tax revenue if some basic reconciliations cannot be done by the Inland
- SHOULD WE BE INFORMANTS TO BOOST TAX REVENUE? (Category: Breaking News)
- IRD announces financial relief initiative for senior citizens (Category: Breaking News)
- Govt plans Revenue Authority to monitor underperforming IRD, Excise dept, Customs (Category: Breaking News)
- Champika Ranawaka’s Journey To Presidency: Forging His Own Path (Category: Breaking News)
[…]The post Restrictions Of Civic Space Is Unacceptable appeared first on Colombo Telegraph.
- Preparing For Free & Fair Elections (Category: Breaking News)
- Truth & Reconciliation Need To Be Manifested In Deeds On The Ground (Category: Breaking News)
- Second Aragalaya In The Making (Category: Breaking News)
- System Change Plus Politician Change Through Elections (Category: Breaking News)
[…]The post Without A Code Of Ethics & Principles Of morality, No Meaning In Social Market Economy appeared first on Colombo Telegraph.
- Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off (Category: Breaking News)
- Target 2048 – Economic Democracy Principles Should Be Followed To The Letter (Category: Breaking News)
- RW’s Tax Hike Welcome But Much More To Be Done To Come Out Of The Crisis (Category: Breaking News)
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe, addressing concerns about China’s increased presence in the Indian Ocean region, said the island nation would not allow anything that would jeopardize India’s security.The post Sri Lanka will not allow anything harmful to India’s security – President Ranil appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Fearing political pressure, Sri Lanka president wants to avoid trade integrations with India (Category: Breaking News)
- Sri Lankan president calls Aukus a ‘mistake’, rejects fears over China (Category: Breaking News)
- Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil (Category: Breaking News)
- RW: Final settlement with Tamils in a few months (Category: Breaking News)
[…]The post Let Dudley Speak! appeared first on Colombo Telegraph.
- With A View To A Kill (Master Spy-James Bond)! (Category: Breaking News)
- “Weli Park”, An Old Message Revisited (Category: Breaking News)
- Politics Devoid Of Doctrine Is Empty & Harmful In The Long-Run; Premadasa, RW & MR Are Examples (Category: Breaking News)
- Dream Team For National Reconciliation (Category: Breaking News)
President Ranil Wickremesinghe said in Parliamenty yesterday he was aware that Value Added Tax (VAT) was a burden on the public. He said it would be possible to reduce VAT with the passage of time. Delivering the government policy statement at the commencement of the new session of Parliament, the President said: “The prior scarcity […]
- “We may contest elections separately but let us collaborate in nation-building endeavors” – Pres... (Category: Breaking News)
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- President ready to exempt school supplies, health equipment, medicine, etc., from VAT (Category: Breaking News)
- Govt will increase benefits for people as revenue buffers strengthen, says President (Category: Breaking News)
Urges unity over deep political divisions for effective crisis management Says ‘intricate’ foreign debt restructuring will take up to six months Invites Opposition to confer with institutions that foster international financial stability by Sanath Nanayakkare As government revenue increases, measures will be taken to increase benefits for the people accordingly, President Ranil Wickremesinghe said...
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- JVP moves SC to prevent possible losses to EPF, ETF (Category: Breaking News)
- Debt restructuring strategy out in April (Category: Breaking News)
- A high-wire act (Category: Breaking News)
Inaugurating the 5th session of the 9th Parliament of Sri Lanka President Ranil Wickremesinghe called upon all lawmakers to collaborate in nation building even though they would be contesting elections separately. “From ancient times to the present day, our world has encountered a myriad of crises, spanning nations and personal lives alike. While some crises […]
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- Economy improving, VAT can be reduced – RW (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe while presenting his Policy Statement in Parliament today (February 07), says the government was planning to reduce the tax burden as economic reforms continue to stabilize the economy.The post Sri Lanka President Ranil delivers Government’s policy statement in Parliament appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- “We may contest elections separately but let us collaborate in nation-building endeavors” – Pres... (Category: Breaking News)
- President blames Sajith for crisis (Category: Breaking News)
- Economy improving, VAT can be reduced – RW (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
Sri Lanka has approved gradually lifting some limits on converting rupees to foreign exchange for outward remittances and the new directions will be presented to parliament for approval, cabinet spokesperson Bandula Gunawardane said on Tuesday.The post Sri Lanka approves lifting some limits on rupee conversion for outward remittances appeared first on ONLANKA - Sri Lanka Latest Breaking News and T...
- Sri Lanka approves lifting some limits on rupee conversion for outward remittances (Category: Breaking News)
- Sri Lanka relaxes certain limitations on outward remittances (Category: Breaking News)
- Sri Lankan Rupee further depreciates against U.S. Dollar (Category: Breaking News)
- Sri Lankan Rupee appreciates further against U.S. Dollar (Category: Breaking News)
[…]The post Sri Lankans Should Fight For Economic Freedom & Not For Economic Independence appeared first on Colombo Telegraph.
- Target 2048 – Economic Democracy Principles Should Be Followed To The Letter (Category: Breaking News)
- Target 2048: It Is Democracy & Not Authoritarianism That Will Do The Job (Category: Breaking News)
- Economic Growth, National Security, And What Next For Sri Lanka (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
[…]The post Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 appeared first on Colombo Telegraph.
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
- A French Spring Amid IMF Mission Creep: Ranil Tangoes In Paris As Macron Pivots To BRICS (Category: Breaking News)
[…]The post The Bleak Future For Sri Lanka : 75 Years After Independence appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- System Change Happening In Wrong Direction (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
[…]The post Saboteurs Of System Change appeared first on Colombo Telegraph.
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- Politics Behind Economic Recovery (Category: Breaking News)
- RW, IMF & The Economy (Category: Breaking News)
- Monk’s Imprisonment: Aragalaya Victory No. 2 (Category: Breaking News)
Secretary to the Treasury and Finance Ministry Mahinda Siriwardana has said that even if Sri Lanka achieves the goal of zero corruption, tax revenue will still have to be increased to bridge the budget deficit and lessen the country’s debt burden. Referring to the Supreme Court ruling pertaining to economic management delivered on Nov 14, […]
- EPF asked to pay 30% tax unless it participates in domestic debt restructuring process (Category: Breaking News)
- CB Governor outlines importance of DDR to protect banks and save overall economy (Category: Breaking News)
- IMF team gives prognosis for Lanka at conclusion of nearly two-week visit (Category: Breaking News)
- Govt. retains two foreign firms to restructure ISBs (Category: Breaking News)
[…]The post Flight Of Human Capital – A Catastrophic Fait Accompli appeared first on Colombo Telegraph.
- Indian HC explains how Covid-19, Russia-Ukraine conflict expanded India’s role in SL (Category: Breaking News)
- Genocide Day’ controversy : SL registers protest with Canadian HC (Category: Breaking News)
- SL economy, IMF claims, and reality (Category: Breaking News)
- New Australian HC launches landmark educational programme (Category: Breaking News)
[…]The post Chips Are Everywhere: But Can Sri Lanka Ride The Wave? appeared first on Colombo Telegraph.
- Biden’s order to restrict US investments in China’s tech sector opens new opportunities for India (Category: Breaking News)
- US Chips Act restricts companies from expanding production in China (Category: Breaking News)
- Lanka Adrift In Tempestuous Seas (Category: Breaking News)
- Threats To The Hegemony Of The US Dollar (Category: Breaking News)
[…]The post RW, IMF & The Economy appeared first on Colombo Telegraph.
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- IMF Economics & 13A Politics: Recipe For Unrest (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
President Ranil Wickremesinghe extended an invitation to all political party leaders in the Parliament to engage in discussions with the Managing Director of the International Monetary Fund (IMF) on the implementation of the agreement with the IMF. Emphasizing the importance of unity in leading the country to success, he reiterated that withdrawing from the agreement […]
- President invites party leaders for ‘collective dialogue’ with IMF (Category: Breaking News)
- President seeks opposition support to implement IMF deal (Category: Breaking News)
- Sri Lanka to reach IMF staff level agreement, debt restructuring framework by end July: PM (Category: Breaking News)
- Sri Lanka likely to go ahead with new income tax regime, but president “ready to discuss” (Category: Breaking News)
[…]The post Challenges In The Forthcoming Presidential Elections appeared first on Colombo Telegraph.
- Let Us Know Who Are Contesting? What Are Their Policies? (Category: Breaking News)
- Is Ranil Wickremesinghe Unelectable? (Category: Breaking News)
- Election ’24: Rajapaksa Implosion & Ranil’s Red Sea Meddling (Category: Breaking News)
- Black & White; No Shades? (Category: Breaking News)
By Rathindra Kuruwita Technical and Vocational Education and Training (TVET) neededs to change as the world had transformed with the advent of new technologies, Dr. Harsha Aturupane, World Bank’s lead economist and programme leader for human development for Sri Lanka and the Maldives, said in a televised interview recently. Dr. Athurupane said complex and advanced […]
- KOICA tackles unemployment here (Category: Breaking News)
- Big increase in overweight and obese people in SL since 2015 (Category: Breaking News)
- HSBC and Sarvodaya partner to empower women entrepreneurs (Category: Breaking News)
- New trend among some SL parents not to have infants vaccinated (Category: Breaking News)
By Hiran H.Senewiratne Sri Lanka’s inflation could rise to 7 percent in January 2024 due to the VAT increase, the Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe warned. Speaking at a special press briefing held yesterday, Dr. Weerasinghe explained that an increase in inflation is likely due to the increase […]
- CB reduces interest rates by 100 basis points to tackle inflation and ease borrowing costs (Category: Breaking News)
- Price controls to be removed from rupee lending rates from April 1 – CBSL Governor (Category: Breaking News)
- Policy interest rates reduced to enable economy to reach its true potential – CBSL Governor (Category: Breaking News)
- CB reduces interest rates (Category: Breaking News)
The Monetary Policy Board of the Central Bank of Sri Lanka decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 9.00 per cent and 10.00 per cent, respectively. The Board arrived at this decision following a comprehensive assessment of […]
- Central Bank of Sri Lanka further reduces policy interest rates (Category: Breaking News)
- Demand for imports in Sri Lanka continues to remain subdued (Category: Breaking News)
- Central Bank decides to continue with tight monetary policy (Category: Breaking News)
- President orders review of Central Bank salary increase (Category: Breaking News)
Sri Lanka's central bank kept interest rates steady on Tuesday, in line with market expectations, forgoing a rate cut as a new tax threatened upward pressure on expenses and fuelled concerns about inflation.The post Sri Lanka central bank keeps policy rates unchanged to tame inflation appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Central Bank of Sri Lanka maintains Policy Rates to support Economic Recovery (Category: Breaking News)
- Sri Lanka unexpectedly cuts rates by 250 bps as inflation eases (Category: Breaking News)
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
A press release issued by the Central Bank of Sri Lanka states that the Monetary Policy Board of the CBSL, at its meeting held on 22 January 2024, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 9.00 per […]
- Words of Wisdom (Category: Business)
- On the move: D. Kapua‘ala Sproat, Bryan Andaya (Category: USA, Hawaii)
- On the move: D. Kapua‘ala Sproat, Bryan Andaya (Category: USA, Hawaii)
- On the move: D. Kapua‘ala Sproat, Bryan Andaya (Category: USA, Hawaii)
Sri Lanka's consumer price inflation rate jumped to 4.2% year-on-year in December driven by rising food prices, official data showed on Monday, although it remains well below record high levels seen at the height of the country's financial crisis.The post Rising food prices drive Sri Lanka inflation up to 4.2% in December appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Sri Lanka consumer price inflation eases to 53.2% in January but impulses still persist (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 50.6% in February (Category: Breaking News)
- Sri Lanka’s July consumer inflation more than halves to 4.6% (Category: Breaking News)
By Prof. Amarasiri de Silva Sri Lanka, renowned for its rich cultural heritage and diverse landscapes, is grappling with an unprecedented macroeconomic crisis. This crisis has given rise to acute shortages and sharp increases in the prices of essential products, creating a complex web of challenges. At the heart of this multifaceted crisis lies a […]
- Dairy: The mirage of self-sufficiency (Category: Business)
- Egg prices expected to drop, imports unnecessary from next year – Minister (Category: Breaking News)
- Fix food sectors (Category: Business)
- Achieving food security:Integrated plan necessary (Category: Breaking News)
[…]The post Separation Of Powers, Rule Of Law, Corruption & SL Bankruptcy appeared first on Colombo Telegraph.
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
- SL not done enough says US (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
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