Sri Lanka’s finance minister has told the BBC he has no choice but to hike the country’s sales tax as it faces its worst ever economic crisis. In an exclusive interview, Ali Sabry conceded the …
No choice but to raise sales tax: Sri Lanka finance chief Ali Sabry
Sri Lanka’s finance minister has told the BBC he has no choice but to hike the country’s sales tax as it faces its worst ever economic crisis. In an exclusive interview, Ali Sabry conceded the …
How The Rajapaksas Ruined Sri Lanka In 30 Months
The finance minister at the time, Mangala Samaraweera, called a briefing to assail the “dangerous” pledge to reduce the value-added tax to eight percent from 15 percent and to scrap other levies. To …
No choice but to hike VAT: Sri Lanka finance chief
Sri Lanka’s finance minister has told the BBC he has no choice but to hike the country’s sales tax as it faces its worst ever economic crisis. In an exclusive interview, Ali Sabry conceded the …
A political reckoning in Sri Lanka as debt crisis grows
Sherry Fonseka joined millions in 2019 in electing President Gotabaya Rajapaksa, a military strategist whose brutal campaign helped end Sri Lanka’s 30-year civil war 10 years earlier.
A political reckoning in Sri Lanka as debt crisis grows
Sherry Fonseka joined millions in 2019 in electing President Gotabaya Rajapaksa, a military strategist whose brutal campaign helped end Sri Lanka’s 30-year civil war 10 years earlier.
Sri Lanka crisis: Indian Navy delivers first consignment of critical medicine in Colombo
reported the Business Standard. Amid the ongoing economic crisis in Sri Lanka, India diverted tonnes of fuel multiple times to the neighbouring country as it was struggling for diesel. Also read: …
Pakistan Won’t Default on Debt Like Sri Lanka: Finance Minister
Pakistan will not be in the same predicament as neighboring Sri Lanka and has a strategy to restock its forex reserves. In an interview with Al Jazeera, Finance Minister Miftah Ismail asserted …
Pakistan has a ‘strategy’ to boost shrinking forex reserves: FM
With barely enough reserves to cover two months of imports, finance minister says it will not be the next Sri Lanka.
Reeling From a Forex Crunch, Is Nepal Staring at a ‘Sri Lankan Scenario’?
Why is Nepal facing a forex crisis? What are the factors behind it? How similar is Nepal’s situation to Sri Lanka’s? And what can Nepal do to avoid the calamity that Sri Lanka is facing? Let’s begin …