An Echelon Media Company
Monday June 3rd, 2024
Fiscal

Sri Lanka planning to cut withholding tax on interest to help retirees: Minister

Withholding tax may be lifted on interest below Rs100,000 a month

April 25, 2024 1 min read

Sri Lanka, Iran Presidents inaugurate Uma Oya hydro-electric project

Th irrigation and hydropower project was designed and built by Iran's Farab engineering group.

April 24, 2024 2 min read

Sri Lanka exceeds tax revenue target by 6% in first quarter

State Minister believes the 2024 revenue target is achievable

April 22, 2024 2 min read

Air Asia, SriLanka's FITS, Hayleys bid for SriLankan Airlines

Six parties bid for SriLankan stake

April 22, 2024 1 min read
Sri Lanka public finance law to limit primary spending at 13-pct GDP: Treasury Secy

A Fiscal Management Responsibility Act, which has been repeatedly breached in the past will be repealed

Sri Lanka working to reach solution with bondholders: Minister

We are confident that second round of discussions will help us reach a solution

Sri Lanka cuts onion protectionist tax by Rs70 after India export ban

Sri Lanka had an Rs80 per kilo protectionist tax on large onions

March 28, 2024 1 min read

Sri Lanka to halt midnight border tax amid corruption concerns

SCL is imposed overnight as people are sleeping, without any discussion in parliament

March 27, 2024 1 min read

Sri Lanka PM assured debt restructuring support by China

Sri Lanka trying to reach deal on China Development Bank debt

March 27, 2024 1 min read

Sri Lanka to transfer expressways, some domestic debt to separate SOE

RDA expressways, land and related local debt to go the SOE

March 26, 2024 1 min read

Sri Lanka central govt debt at 105-pct of GDP in Dec 2023: analysis

Publicly guaranteed debt went up with a new Treasury guarantee for central bank borrowings from India

March 25, 2024 3 min read

IMF urges Sri Lanka public finance law, debt progress to complete review

Some reforms are still ongoing

March 22, 2024 3 min read

IMF ready to listen alternative views, but Sri Lanka is on “knife edged path”: Mission Head

Many Sri Lankan political parties want to renegotiate the IMF deal amid public grumbling over higher taxes

Shihar Aneez
March 21, 2024 3 min read

Sri Lanka team to Europe to begin negotiations with bondholders: President

I expect to complete all these matters by June-July

March 21, 2024 1 min read

Sri Lanka parliament's COPF recommends suspending central bank salary hike

The committee should come up with a transparent system for deciding salaries in the future

March 20, 2024 2 min read

Sri Lanka Customs officers back to work on March 20

Good stuck at port due to delayed clearing will be processed from early morning.

Apsara Rodrigo
March 20, 2024 1 min read
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ADB to support green bonds, PPPs in Sri Lanka crisis recovery

ADB will consider supporting properly structured PPP

March 20, 2024 1 min read

Sri Lanka to give free rice to 2.74mn families, fertilizer subsidy as polls loom

The rice handout will be given for two months

March 19, 2024 1 min read

Sri Lanka discussing governance, public finance laws with IMF mission

There has been a lot of discussion on improving governance and zero-tolerance of corruption

March 19, 2024 2 min read

Sri Lanka IMF program may become extended amid elections: sources

The program requires 'progress' to be made particularly among private creditors

Shihar Aneez
March 16, 2024 4 min read

Sri Lanka's Litro Gas sale draws Vitol, Bharat Petro, China Aero among 14 investors

Firms based in Singapore, Malaysia, UAE, Thailand, Sri Lanka

March 15, 2024 1 min read

Sri Lanka lost taxes under SDP Act valued at Rs1,085mn

Controversially, the law also exempts key expat workers from income tax for a period

March 14, 2024 2 min read

SriLankan Airlines state bank debt of $210mn and Rs31.4bn to tax payer

A $175 mn bond remains in the balance sheet

March 13, 2024 1 min read

Sri Lanka income taxes lost due to BoI concessions Rs23.94bn in 2022

In Sri Lanka a 20-pct corporate tax rate is considered a concession

March 13, 2024 2 min read

Opposition wanted meeting with Sri Lanka bondholders, not IMF: Harsha

"We did not ask a meeting with the IMF."

March 11, 2024 2 min read

Euro Exim Bank, Fairfirst interested in Sri Lanka Insurance

Euro Exim Bank Limited, Fairfirst Insurance, LIC, Union Assurance, Asiri

March 8, 2024 1 min read