economy

Verité Research Pre-Budget Forum Offers Solutions for Forex Crisis, Presents Budget Proposals
||
Published on Daily Mirror Verité Research hosted the online discussion themed ‘Steering out of the Debt Crisis: Recipe for Budget 2022’ on October 14th. The event was anchored around addressing Sri Lanka’s debt and US dollar liquidity crisis, and featured...
continue reading
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
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 – Nishan de Mel on CGTN News
||
Executive Director speaks to CGTN News about the systemic causes of commodity hoarding and how an economic state of emergency can heighten the crises brought on by commodity hoarding.
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
Delving into the Controversial DCC Rate Hike by Banks
||
Published on The Morning  Sri Lanka’s leading commercial banks decided to limit the foreign exchange transactions through credit cards and hike the Dynamic Currency Conversion (DCC) this past week, which caused panic for IT businesses, as their cost structures changed...
continue reading
De Facto Rationing of Dollars Arising out of Forex Crisis
||
Published on The Sunday Times While Sri Lanka is grappling with the ongoing foreign exchange crisis, ‘rationing’ is taking place amongst letters of credit as those who have the firepower get the benefit while others are deprived of dollars. This...
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
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