Tag: Economic Crisis

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Reserve position surge claimed by CBSL Chief like ‘Cobra appeared out of Kelani River’

The spontaneous surge of the foreign reserve position to US$3.1 billion claimed by the CBSL Governor is merely a media showoff resembling the 'Cobra...

UNP Leader urges to reveal alternatives if IMF approach not possible (VIDEO)

The country is in dire straits amid the prevailing dollar deficit, warned Leader of the United National Party (UNP) MP Ranil Wickremesinghe, making a...

Ranil reiterates necessity to seek IMF’s support

Six countries which are facing a recession amidst the Covid-19 pandemic have approached the International Monetary Fund (IMF) for assistance, revealed Leader of the...

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Exporters Urged to Prepare for New VAT Refund Regime

With Sri Lanka’s long-running Simplified VAT (SVAT) scheme now...

Economic Recovery Stalls as Policy Reversals Undermine Reform

Sri Lanka’s path to recovery remains woefully unfinished. While...

SL Construction Sector Gains Momentum, but Relief Delay Stalls Broad Recovery

Sri Lanka’s construction industry, long battered by economic turbulence,...

Betting and Gambling Levy Amendment Raises Taxes, Casino Entry Fee

The government has published the Gazette on Betting and Gambling...

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