Economy SL

Verite shows how Lanka can achieve Sustainable Debt Dynamics
||
Published on The Island Verité Research, a private think tank that provides strategic analysis for Asia, hosted the online discussion Steering out of the Debt Crisis: Recipe for Budget 2022 on Oct 14. The event was anchored around addressing Sri Lanka’s debt...
continue reading
Explained: The Adani Group’s recent Port Deal in Sri Lanka
||
Published on The Hindu As per the 35 year-long BOT agreement, the Adani Group will have majority, 51%, stakes, while John Keells would hold 34%, and the SLPA, 15%. The story so far On September 30, 2021, the Gujarat-headquartered Adani Group...
continue reading
Top Panel Sounds Alarm, Insists it’s Time for Urgent Economic Reforms
||
Published in the DailyFT Sri Lanka facing one of the worst economic crises in its history Pandemic only exacerbated existing economic weaknesses; roots lie in unsustainable debt, fiscal indiscipline and low rates of growth  To emerge from crisis, comprehensive and...
continue reading
Sri Lanka Inflation: Economic Emergency Causes Prices of Essential Goods to Soar
||
Published on CGTN Sri Lanka is under a state of emergency with rising costs and fears over the economy. And the President's proposals are igniting controversy. Roel Raymond reports. The price of essential items has increased greatly in Sri Lanka,...
continue reading
How Sri Lanka’s Overnight Flip to Total Organic Farming has led to an Economic Disaster
||
Published on The Print President Gotabaya Rajapaksa was forced to impose an economic emergency on 31 August to contain soaring food inflation, and currency devaluation and forex reserves crisis. Sri Lanka has been hit by a serious economic emergency even...
continue reading
Proposed Tax Amnesty: Exercising Caution in Income Generation
||
Published on The Morning  Govt. expects $ 500 m income through tax amnesty: Cabraal Important for people to submit their taxable supplies: IRD Chief Amnesties granted on previous occasions have failed: Dr. Wijewardena While the Government states it expects to...
continue reading
IMF or No IMF, Sri Lanka Needs Economic Analysis and Plan Going Forward
||
Published in The Island Whatever Sri Lanka decides about dealing with its debt and paying its way through the world, the country needs to formulate a very good economic analysis and a publicly-backed plan that will establishc credibility of the...
continue reading
Effectiveness of Tax Amnesty in Sri Lanka
||
Published in the DailyFT On 9 July 2021, the government gazetted a new finance bill aimed to indemnify individuals who voluntarily disclose their hitherto undisclosed income—that is to a provide a tax amnesty. A tax amnesty is a limited-time opportunity...
continue reading
Debt Default Danger: Alarmist or Imminent?
||
Published in The Morning LK Will the Government of Sri Lanka default on its obligations to service its mountain of debt over the next couple of years, including two bond repayments of a total of $ 1.5 billion due in...
continue reading
Real Question Is Not Whether SL Should Go to IMF or Not
||
Published in The Island The real question is not whether Sri Lanka should go to the IMF or not. What is important is going to the IMF with confidence after having analysed the fiscal situation, with a convincing plan, Executive...
continue reading