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Monday June 3rd, 2024
Fiscal

Sri Lanka president to provide free rice for poor amid rising discontent

Sri Lanka sees new anti-government protest amid high cost of living, taxes

January 16, 2023 2 min read

Sri Lanka cracks down on sin tax fraud

In 2023 the agency has been give a target to collect 217 billion rupees.

January 16, 2023 2 min read

Sri Lanka budget tax revenues up 36-pct to Oct, deficit down in real terms

Overall deficit down to 5.5-pct of projected revenues from 8.6-pct last year

January 16, 2023 2 min read

India foreign minister in Sri Lanka for debt talks

We discussed with China's EXIM Bank this week and by now we have commenced exchanging views on it

January 15, 2023 2 min read
Sri Lanka should speed up SOE sales before momentum dies: think tank

2024 by all estimates will be an election year, which is not good for reforms

Exim Bank reaches preliminary debt deal with Sri Lanka, China says

Also talking with other creditors

Sri Lanka lifts taxes on masks, disinfectants in COVID-19 battle

Sri Lanka is removing taxes on imported masks and disinfectants to as demand increases due amid a Coronavirus epidemic, ...

March 18, 2020 1 min read

Sri Lanka bank credit to state surge in January 2020, private loans muted

Sri Lanka' credit to government from commercial banks had surged to 147.8 billion rupees in January 2020, up from 34.4 b...

March 10, 2020 2 min read

Sri Lanka hires 45,000 graduates in costly fallout from state university crisis

Sri Lanka has announced that 45,585 graduate mainly from state universities who failed to get a job in productive secto...

March 8, 2020 3 min read

Sri Lanka in talks with China for US$1,000mn, RMB2000mn 10-year loans: Minister

Sri Lanka's cabinet has given the nod to negotiate 10-year US dollar and Renminbi denominated loans from China Developme...

March 8, 2020 1 min read

Sri Lanka to subsidise pipe-borne water connections for 150,000 low-income houses

Sri Lanka plans to connect 150,000 new houses to pipe borne water in the first two quarters of 2020 by lowering initial ...

March 5, 2020 1 min read

Sri Lanka to set up state real estate holding company for Hilton, Hyatt, GOH

Sri Lanka will set up a holding company owned by the Treasury, Bank of Ceylon and Sri Lanka Insurance Corporation to con...

March 5, 2020 1 min read
1

Sri Lanka could finalize billion dollar plus China loan within weeks

Sri Lanka is making good progress with a loans of more than a billion US dollars loan from China Development Bank, which...

March 5, 2020 1 min read

Sri Lanka hikes tax on fish imports

Sri Lanka has hiked a tax on imported fish to 150 rupees a kilogram from 100 rupees or 10 percent of the value, the fin...

March 3, 2020 1 min read

Sri Lanka hotels given more time to pay tourism tax

Sri Lanka's hotels, which were given till January 2020, to pay a tourism tax for 2019, after the industry was hit by sui...

February 29, 2020 1 min read

President wants greater scrutiny of Public Accounts

President Gotabaya Rajapaksa is calling on the Public Accounts Committee (PAC) of Parliament to grade all government ins...

February 29, 2020 2 min read
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Sri Lanka willing to sign revised MCC deal addressing concerns: Minister

Sri Lanka's cabinet of ministers had decided not to sign an agreement with the America's Millennium Challenge Corporatio...

February 28, 2020 1 min read

SriLankan Airlines to lose US$130mn this year, $300mn injection needed

Sri Lanka's national carrier Sri Lankan Airlines is expected to lose 130 million US dollars (about 26 billion rupees) in...

February 25, 2020 3 min read

Sri Lanka parliament should be recalled to pass vote-on-account supplement: Minister

Sri Lanka's parliament to should be recalled by the Speaker to pass a supplement to a four month mini-budget, Informatio...

February 22, 2020 3 min read

Sri Lanka to revive China's CNTIC backed Ruwanpura expressway

Sri Lanka's Ministry of Highways had been given the nod by the cabinet of ministers to seek a proposal from China Nation...

February 21, 2020 1 min read

No crisis by withdrawing Sri Lanka vote-on-account supplement, arrears to continue: Minister

There is no financial crisis in the government due to the withdrawal of a supplementary estimated to the interim budget...

February 21, 2020 2 min read

Sri Lanka government withdraws motion to expand vote-on-account

Sri Lanka's government had withdrawn a motion to increase spending and the borrowing limit under by an amendment to a fo...

February 20, 2020 2 min read

Sri Lanka's consumption could have recovered with smaller stimulus: economist

Sri Lanka could have achieved a revival in consumer demand with a smaller stimulus, as the country tends to go through a...

February 20, 2020 3 min read

Sri Lanka President halts new sub-national taxes, fees; simplification ordered

President Gotabaya Rajapaksa has directed Provincial Councils and Local Authorities not to charge any new taxes or fees ...

February 19, 2020 1 min read

Sri Lanka public finance committee clears NBT, PAL, ESC tax changes

The public finance committee of Sri Lanka's parliament has given the nod to change to a laws relating to Nation Building...

February 19, 2020 1 min read

Sri Lanka looking into taxpayer top up for mandated estate wage hike: Minister

Sri Lanka's taxpayer support may be extended to supplement a state mandated wage hike to workers of plantations plantati...

February 13, 2020 2 min read