An Echelon Media Company
Monday February 6th, 2023

Sri Lanka’s doctors distribute anti-tax hike leaflets to train commuters

Doctors in Sri Lanka in general earn higher salaries than the average train commuter

February 6, 2023 3 min read

China says it will discuss Sri Lanka debt re-structuring during two-year moratorium


February 4, 2023 5 min read

Sri Lanka sovereign bond holders write to the IMF

Raises matter relating to domestic debt restructuring and economic assumptions

February 3, 2023 4 min read

Sri Lanka's leading leftist alliance NPP promises tax cuts for the rich

"We will definitely reduce this tax," he said.

January 31, 2023 3 min read
Sri Lanka meets 4.0-pct primary deficit target for 2022

Combination of revenue increases and spending restraint seen

Sri Lanka sovereign bond holders not looking for domestic hair-cut

GFN is a key target a country under an IMF deal has to bring down

Sri Lanka port trade unions protest against tax hike; vow to agitate until taxes reduced   

Sri Lanka's state trade unions likely start trade union actions if government fails to reduce taxes

Melkishiya Andrew
January 31, 2023 2 min read

Sri Lanka President explains problem as progressive taxes discredit reforms

If we do not bring revenues back to 2019 levels, foreign countries will not support us

January 30, 2023 6 min read

Sri Lanka, other defaulting nations have widely differing debt indicators: Expert

"This is sometimes over-emphasized… but this ratio at 120 is a lot."

January 27, 2023 8 min read

Sri Lanka central bank workers protest tax hike as governor defends painful measures

“This is true for most public servants, and we cannot bear this burden,” said one worker.

Roshani Fernando and Himal Kotelawala
January 26, 2023 4 min read

Sri Lanka to discuss settling ACU, India emergency credits separately: CB Governor

India committed around US$3.9bn to Sri Lanka in 2022

January 26, 2023 1 min read

Amid international pressure, Sri Lanka considers transparency on spending tax money

Finance Ministry will be told to compile reports on how the public tax money was spent

January 24, 2023 2 min read

Sri Lanka's state sector salary struggle likely to ease by April - cabinet spokesman 

Finance Ministry is struggling to pay whopping state sector salary bills for January

January 24, 2023 2 min read

Any Sri Lanka domestic debt to be part of negotiation process: CB Governor

Hopes to conclude talks in about six months

January 24, 2023 2 min read

IMF accepts India debt assurance for Sri Lanka, China, others awaited

Sri Lanka is engaged with other official bilateral creditors to obtain similar assurances

January 24, 2023 2 min read

Money to pay Sri Lanka state salaries on January 25 mostly found: Minister

Salaries will be paid on January 25

January 24, 2023 2 min read
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Sri Lanka gets first response from China over debt restructuring

China Exim Bank responds to Sri Lanka

January 22, 2023 2 min read

Sri Lanka's CEB engineers protest against high tax; warn to expend agitation 

Sri Lanka trade unions have started to protest against tax hikes; protesters warn of more agitation

Chanka Jayasinghe
January 20, 2023 2 min read

Sri Lanka committee to oversee merging of BOI and EDB activities

The cabinet had also directed the Legal Draftsman to prepare a bill to set up an International Trade Office

January 18, 2023 1 min read

Sri Lanka debt talks with India, China successful: President

I can tell this assembly that the talks are successful

January 17, 2023 1 min read

Sri Lanka getting good results from creditors for IMF deal: Minister

The discussions are becoming successful

January 17, 2023 1 min read

Sri Lanka to pay state workers in stages to avoid printing money

Salaries for SOE employees has increased by 633 percent since 2000

January 17, 2023 2 min read

Sri Lanka president to provide free rice for poor amid rising discontent

Sri Lanka sees new anti-government protest amid high cost of living, taxes

January 16, 2023 2 min read

Sri Lanka cracks down on sin tax fraud

In 2023 the agency has been give a target to collect 217 billion rupees.

January 16, 2023 2 min read

Sri Lanka budget tax revenues up 36-pct to Oct, deficit down in real terms

Overall deficit down to 5.5-pct of projected revenues from 8.6-pct last year

January 16, 2023 2 min read

India foreign minister in Sri Lanka for debt talks

We discussed with China's EXIM Bank this week and by now we have commenced exchanging views on it

January 15, 2023 2 min read
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