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[…]The post RW’s Tax Hike Welcome But Much More To Be Done To Come Out Of The Crisis appeared first on Colombo Telegraph.
Money printing creates forex and fuel shortages
[…]The post Elon Musk To Rescue Sri Lanka From IMF Debt Bondage? appeared first on Colombo Telegraph.
Central bank has run out of reserves and is guidance rate
My Business International (www.mybusinessinternational.com), a comprehensive web portal that provides a much-needed platform for businesses in Sri Lanka to connect with foreign markets has officially been unveiled recently. It’s a time apt solution as Sri Lanka is facing an unprecedented economic crisis with a shortage of US Dollars causing great hardships across the country. As […]
[…]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) […]
Lack of jet fuel in Colombo forces SriLankan, other airlines to refuel in other airports
“What the international community is looking for is long-term policy credibility and sustainability."
Cabraal kept the exchange rate artificially steady while spending reserves for foreign debt repayment.
Cabraal has been prevented leaving the country from April 7
[…]The post Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? appeared first on Colombo Telegraph.
"Every day that passes, the future of this country is put at greater risk."
“After I speak to [friendly nations], there will be help coming from there. They won’t allow people to starve.”
Lack of parliament majority could drag the new prime minister's economic recovery plans
[…] The post Defiance & Desperation appeared first on Colombo Telegraph.
[…] The post Delayed IMF Assistance & The Fertilizer Ban: President Rajapaksa’s “Two Mistakes” That Pauperized Sri Lanka appeared first on Colombo Telegraph.
[…] The post A Child’s Guide To Currency Board Systems: How Colonial Ceylon Did It? appeared first on Colombo Telegraph.
[…] The post Lack Of Accountability, Ability & Credibility appeared first on Colombo Telegraph.
[…] The post An Exit Strategy From The Crisis: Agenda For Shared Revival Of Sri Lanka appeared first on Colombo Telegraph.
[…] The post A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War appeared first on Colombo Telegraph.
[…] The post IMF Facility? Is It Sufficient To Deliver Prosperity To Sri Lankans? appeared first on Colombo Telegraph.
[…] The post A Child’s Guide To Modern Monetary Theory: Keynesianism In An Old Bottle? appeared first on Colombo Telegraph.
[…] The post A Child’s Guide To Modern Monetary Theory: Keynesianism In An Old Bottle? appeared first on Colombo Telegraph.
[…] The post A Child’s Guide To Modern Monetary Theory: Keynesianism In An Old Bottle? appeared first on Colombo Telegraph.
Photo courtesy of Progressive Women’s Collective From Lithuania, Italy, Korea, Saudi Arabia, Kuwait and other many countries the plea is the same: bring us home. From cities and villages across Sri Lanka...
[…] The post A Child’s Guide To Modern Monetary Theory: Keynesianism In An Old Bottle? appeared first on Colombo Telegraph.
The Government has gazetted a Bill, on 27 July 2012, to set up a Divi Neguma Department, which will take over the existing Samurdhi Authority, the Southern Development Authority and the Udarata Development Authority (successor to the Kandyan Peasantry Commission). The Bill will also set up a Divi Neguma Community Based Organisation, Divi Neguma Community ...
2012 unlikely to match up to 2011 tea revenue; stakeholders’ voice uncertaintya By Cheranka Mendis The tea industry which brought in revenue of approximately US$ 675 million within the first six months of this year – US$ 50 million below the revenue collected in the same period in 2011 – is likely to fall short ...
By Reshma Kapadia Emerging Markets Daily: With so much angst over India, some investors are looking for other ways to play the subcontinent and setting their sights on Sri Lanka. The country, a major shipping hub attracting a good deal of investment from China, is rebuilding after a three-decade civil war that left parts of ...