Sri Lanka’s Imports Increased in 2021 – Cabraal
    by |11 January 2022|Verité in the News
    Published on Newswire Sri Lanka’s import expenses increased to US$ 21.6 billion in 2021, Governor of the Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal has announced. He pointed out that import expenses stood at US$ 16.1 billion in...
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    Webinar on ‘The Right to Information and the Private Sector’
    by |11 January 2022|Verité in the News
    Published on DailyFT Creating awareness and engaging the private sector on one of the most important anti-corruption tools in a democracy, the Ceylon Chamber of Commerce will conduct a webinar on ‘The Right to Information and the Private Sector’ on...
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    Economist Calls for Debt Default to Avert Hardships on People
    by |10 January 2022|Verité in the News
    Published on Daily Mirror  Senior economist Dr. Nishan de Mel says paying down debt won’t improve the country’s sovereign rating, instead it could trigger further downgrades His claim sparks immediate pushback, particularly from investor and financial market participants  They warn...
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    Relief Package a Real Relief or an Economic Destabiliser?
    by |09 January 2022|Interviews & Articles
    Published on The Morning The Cabinet last week approved a relief package worth Rs. 229 billion presented by the Minister of Finance. For Gayathri (35) (not her real name), it brought much joy going into the new year as she...
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    Central Bank sells gold worth US$ 206mn to shore up reserves
    by |09 January 2022|Verité in the News
    Published on The Sunday Times The Central Bank sold more than half of its gold reserve–54.1 percent or US$ 206.8mn worth– last month to shore up forex reserves that had dropped to around a month of imports in November 2021....
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    CB says Funds Allocated for Jan. 18 Bond Settlement
    by |07 January 2022|Verité in the News
    Published on Daily Mirror It appears that CB is positive of wrapping up US $ 1.9bn Indian funding within this month CB is also hopeful of US $ 1bn worth of swap line from Qatar Leading economist advises govt. not...
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    Government’s New Year Relief: A blessing or curse in disguise?
    by |05 January 2022|Uncategorized
    Published on Daily Mirror Prudence at the helm is the most important need of the country today - W. A Wijewardena Burden of funding will inequitably fall on the rest of the labour force - Deshal de Mel Need of...
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    Business Sentiment – Confidence at A Seven Month High
    by |03 January 2022|Verité in the News
    Published on Ada Derena Biz At a recent economic forum organised by the Ceylon Chamber of Commerce, Nishan de Mel – the Executive Director of Verité Research – stated that Sri Lanka should pursue a debt restructure by drawing up...
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    Sri Lanka is Being Pushed Towards Bankruptcy; Budget does not address any burning issues: Eran
    by |21 December 2021|Verité in the News
    Published on Lanka Business Online The country has plunged into a massive financial crisis, with all sectors including the economy collapsing but the budget 2022 has no proposals to resolve any of the burning issues said Eran Wickramaratne addressing the...
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    Fitch Rating Revision: Debt default fears worsen but Lanka assures repayment
    by |19 December 2021|Verité in the News
    Published on The Sunday Times Sri Lanka is running on empty and may be perilously close to defaulting on its foreign debt payments, the latest international sovereign ratings downgrade suggests. Citing an “increased probability of default’’, Fitch Ratings on Friday...
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