Sri Lanka plans to relax import controls on cosmetics and motor spares in the next two weeks, State Minister for Finance Ranjith Siyambalapitiya has said. Sri Lanka slapped import bans on 1,465 items …
IMF, WB, Sri Lanka’s creditors to help stabilize Lankan economy – Semasinghe
State Minister of Finance Shehan Semasinghe stated in Parliament yesterday (21) that the International Monetary Fund (IMF), the World Bank (WB) as well as Sri Lanka’s creditors have assured that they …
Sri Lanka passes Constitutional amendment curtailing President’s powers
The Sri Lankan Parliament on Friday passed, with over 2/3 majority, the 22nd Amendment to the Constitution curtailing certain powers of the President.
Creditors Assure Their Fullest Support To Sri Lanka
Sri Lanka’s creditors have assured their fullest support to the country, State Minister of Finance Shehan Semasinghe said today. Speaking in Parliament today Semasinghe said that Sri Lanka’s …
Sri Lanka c.bank governor sees inflation peaking – Bloomberg News
A key measure of Sri Lanka’s consumer inflation spiked to a record 69.8% on year in September, highlighting the challenge for the central bank as the South Asian nation confronts an unprecedented …
Govt. will transform Sri Lanka to an investor friendly country – President
President Ranil Wickremesinghe emphasized that immediate measures are being taken to create an investment-friendly environment in Sri Lanka and create economic stability.The President said this …
China Could Turn Pakistan Into Another Sri Lanka
That’s the second time Pakistan has tried to reschedule its debt in the last couple of years, most of which is owed to Beijing. According to Irina Tsukerman, a human rights and national security …
There will be two Sri Lankas soon – EDITORIAL
A large number of people are forced to taste the emptiness of hunger. Some are forced to rob items having great value or engage in petty thefts; all done to earn some dough to have at least one …
New tax bill: Sri Lanka’s corporates wary about ‘subtle’ non-deductions
Say draconian powers drafted to be given to Inland Revenue Chief Calls for independent body to get a fair hearing By Sanath Nanayakkare The new tax bill is one that demotivates taxpayers from being …
Sri Lanka secures long-term credit line from Russia to procure fuel
The Embassy of Sri Lanka in Moscow announced that a productive discussion was held with the Russian Government on the possibility of obtaining a long term credit line in order to procure fuel to Sri L …