An Echelon Media Company
Tuesday June 18th, 2024
Fiscal

Sri Lanka state airport agency swimming in cash after sovereign default

Interest income shot up from Rs3.3bn in 2021 to Rs10.4bn after default

June 16, 2024 2 min read

Sri Lanka beats key IMF program targets for March 2024 amid rupee stability

Primary surplus, net international reserves, tax revenue floor indicative targets exceeded

June 15, 2024 3 min read

Sri Lanka to tax imaginary rents on houses under IMF deal

A nationwide digital Sales Price and Rents Register (SPRR) is to be set up by March 2025

June 14, 2024 6 min read

Sri Lanka to revise SDP Act with rules-based exemptions

Rules-based eligibility criteria for granting time-bound incentives to Parliament by end-February 2025

June 14, 2024 2 min read
Sri Lanka central govt debt to to GDP down to 100-pct by March 2024

Public debt with SOE guaranteed debt fell to 106.8 pct of GDP in March 2024 from 112.7-pct in Dec

Sri Lanka to end patrician tax free car permits under IMF deal?

Politicians get completely tax free cars while plebeians pay taxes of over 200-pct for mobility

SriLankan Airlines make profits as currency depreciation stops

Large portions of losses in recent years have come from exchange losses

June 5, 2024 3 min read

Sri Lanka budget deficit down, tax revenues up 41-pct to Feb 2024

Interest bill has started to ease

June 4, 2024 4 min read

Sri Lanka foreign debt slightly down in March quarter, rupee debt up

Rupee debt continues expand amid deficit

June 3, 2024 3 min read

Sri Lanka confident of wrapping up debt talks for IMF review in June: State Minister

We have to open the second round of negotiations with bondholder

May 30, 2024 1 min read

Sri Lanka merger of Ceylon Fertilizer, Colombo Commercial Fertilizer offers VRS scheme

Voluntary retirement scheme to be offered to 267 employees at a cost of 844 million rupees during the amalgamation

May 28, 2024 1 min read

Sri Lanka shares, bank balances, land, vehicle owners tracked by Inland Revenue from July 01

Information not to be used retrospectively, Minister says

May 27, 2024 2 min read

300 out of 1,200 Sri Lanka central bank staff works on EPF: CB Governor

The EPF had come under fire in the past over questionable investments in stocks and also bonds.

May 24, 2024 3 min read

Desperate Sri Lankans seek risky foreign jobs amid tough IMF reforms

Around 700,000 Sri Lankans have left the country for foreign jobs legally in 27 months through March 2024

Shihar Aneez
May 24, 2024 4 min read

Sri Lanka expects talks with bondholders 'very soon': Minister

Confident and optimistic that a second round of talks will commence very soon

May 21, 2024 2 min read

Sri Lanka public finance law to limit primary spending at 13-pct GDP: Treasury Secy

A Fiscal Management Responsibility Act, which has been repeatedly breached in the past will be repealed

May 20, 2024 3 min read
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Sri Lanka working to reach solution with bondholders: Minister

We are confident that second round of discussions will help us reach a solution

May 3, 2024 1 min read

Sri Lanka ISB restructure talks await clarity on IMF methodology: Sources

Greater understanding would speed up negotiations

May 2, 2024 2 min read

Sri Lanka's EPF net contributions turn negative in 2023

Demographers have warned that outflows from the EPF would exceed inflows as Sri Lanka's population aged

April 29, 2024 2 min read

Sri Lanka budget deficit down in 2023, tax revenue up 54-pct

Deficit lower in absolute terms and as a share of GDP

April 27, 2024 4 min read

Sri Lanka travel trade promised private visa levies would be lifted from May

We have now been assured by the Hon Minister of Tourism that the process will be reversed by 1st May

Apsara Rodrigo
April 25, 2024 1 min read

Sri Lanka planning to cut withholding tax on interest to help retirees: Minister

Withholding tax may be lifted on interest below Rs100,000 a month

April 25, 2024 1 min read

Sri Lanka, Iran Presidents inaugurate Uma Oya hydro-electric project

Th irrigation and hydropower project was designed and built by Iran's Farab engineering group.

April 24, 2024 2 min read

Sri Lanka exceeds tax revenue target by 6% in first quarter

State Minister believes the 2024 revenue target is achievable

April 22, 2024 2 min read

Air Asia, SriLanka's FITS, Hayleys bid for SriLankan Airlines

Six parties bid for SriLankan stake

April 22, 2024 1 min read

Widespread support for Sri Lanka debt workout, reform progress at IMF/WB meet: Minister

The strides made in our economic recovery and financial stability have been acknowledged as significant advancements

April 21, 2024 3 min read