Will continuously support Sri Lanka’s development: ADB President
Asian Development Bank (ADB) President Masatsugu Asakawa and Sri Lanka President Gotabaya Rajapaksa met Thursday (10th) in Colombo and it was reaffirmed by the …
Economy
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Bond yields to extend further surge; rate hike expectations for 2022E increased: FCR
In light of the weaker economic conditions, First Capital Research believes that the CBSL will maintain the momentum on tightening policy rates resulting in …
Joint Chambers urge govt to resolve forex shortage; commence foreign debt restructuring & pursue IMF support
The Joint Chambers of Commerce met on March 3rd, 2022 and deliberated on the on-going forex crisis in the country and its impact on business activity and the …
CBSL wants govt to discourage non-essential imports; increase fuel & electricity tariffs; postpone non-urgent projects
As the Economic and Financial Advisor of the government, the Central Bank advises the Government to diligently consider a number of measures to overcome the …
IMF wants Sri Lanka to raise income tax, VAT rates, minimize exemptions & adopt cost-recovery energy pricing
IMF Executive Board encourages Sri Lankan authorities to reform state-owned enterprises and adopt cost-recovery energy pricing while raising income tax and VAT …
Ceylon Chamber seeks urgent action to restore electricity and fuel supply to avoid economic standstill
The Ceylon Chamber of Commerce notes with serious concern the adverse effects brought on its members and all sectors of the economy in general as a result of …
Sri Lanka’s exports increased by 13-pct in January 2022
Sri Lanka’s merchandise exports increased by 13% to US$ 1,062.63 Million in January 2022 compared to January 2021 as per the data released by the Sri Lanka …
Opinion: Role of divestments in overcoming present economic challenges
By Imesha Dissanayake The Government of Sri Lanka (GoSL) has very ambitious plans for the country’s economic transformation including an economic growth …
Time for home-grown solutions is over; Seek international support immediately: Harsha
The country is in complete disarray today. Fuel is rationed at pumps, daily power cuts across the island, shortage of dollars to import essentials including …
EPF & ETF will not be subjected to Surcharge Tax: Finance Minister Basil Rajapaksa
Finance Minister Basil Rajapaksa has informed the Cabinet of Ministers that the Employees Provident Fund and the Employees Trust Fund are not included in the …
Ceylon Chamber of Commerce requests Government to reconsider Surcharge Tax Bill
The Ceylon Chamber of Commerce earnestly requests the Government to reconsider some of these provisions before it is submitted for approval by Parliament and …
We stand ready to discuss options if Sri Lanka requests financial support: IMF
The International Monetary Fund (IMF) reiterates that they are standing ready to discuss options if Sri Lanka requests financial support. Speaking to …
Central Bank launches National Remittance Mobile App
The Central Bank initiated a National Remittance Mobile Application branded as “Lanka Remit” providing Sri Lankans working abroad direct access to the …
Opposition SJB opposes imposing 25-pct tax on EPF funds, says Eran
The Opposition is totally opposed to levying a 25% tax on the EPF Fund, said Parliamentarian Eran Wickramaratne at a press conference held at the Opposition …
“Opposition calls on Govt for urgent dialogue with them,” MP Harsha
Opposition parliamentarians have urged President Gotabaya Rajapaksa to initiate a dialogue with them to better understand the current economic issues facing …
“Growing sense of insecurity among people despite years of development growth,” UN report
Global development progress does not automatically lead to a greater sense of security, according to a new United Nations Development Programme (UNDP) report …
Sri Lanka will settle USD 1bn ISB maturing in July; no debt restructuring needed, says CBSL
The Government and the CBSL have already taken necessary measures to secure alternative forex inflows via a number of bilateral and multilateral funding …
Eran Wickramaratne reveals SJB’s economic policies
Explaining the economic policy of the future SJB government, Eran Wickramaratne M.P. said that the SJB has already decided to allow the use of chemical …
Transparency in Corporate Reporting Assessment reveals marginal improvement by SL companies
According to the Transparency in Corporate Reporting Assessment (TRAC) 2021 publication which was unveiled today (Feb 1), companies in Sri Lanka have been …
Renewable energy can be a solution to SL’s energy crisis
Sri Lanka is currently facing an acute energy crisis, primarily due to the country’s reliance on imported fossil fuel. The solution to this is for the …