Verité in the News

    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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    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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    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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    Budget Deeply Flawed: Nishan de Mel
    by |13 December 2021|Verité in the News
    Published on The Morning The Budget for the fiscal year 2022, which was passed with a majority of 93 votes at its third reading in Parliament, is flawed, pointed out Colombo-based think tank Verité Research Executive Director Nishan de Mel....
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    Budget Fails to set up Stable Fiscal Regime – Verite Research
    by |12 December 2021|Verité in the News
    Published on Sunday Observer  The 2022 Budget fails to set up a stable fiscal regime pledged by the Government early last year by proposing substantial reforms to major taxes, stated a public report on the Budget 2022 by Verite Research...
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    Govt. continues to amend Governing Fiscal Law to suit its Agenda: Verité Research
    by |10 December 2021|Verité in the News
    Published on Daily Mirror The credibility of the government is significantly undermined as authorities continue to fail in adhering to the governing fiscal law of the country, the Colombo-based economic think-tank Verité Research said in their latest report. While the...
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