Economic

Sri Lanka’s overall budget deficit of 520.5 billion rupees for the first four months of 2021 has overtaken revenues of 481.7 billion rupees in a remarkable development official data showed, following tax cuts in December 2019 compounded by…

Sri Lanka has allowed W M Mendis & Company Ltd, an alcohol maker linked to the Perpetual group of companies to re-start production and pay billions of rupee owed in taxes in installments, a media report said. Sri Lanka’s The Sunday…

Washington-based World Bank said it is funding 800,000 Pfizer vaccines as part of a program to help Sri Lanka get 5 million doses of Coronavirus vaccines by the year end and is also funding oxygen generating machines. The first batch has…

Sri Lanka has made arrangements to settle a billion US dollar international sovereign bond (ISB) falling due on July 27, the central bank said as the securities yield went up sharply over the past week. “..he Government of Sri Lanka has…

Sri Lanka’s overall budget deficit of 520.5 billion rupees for the first four months of 2021 has overtaken revenues of 481.7 billion rupees in a remarkable development official data showed, following tax cuts in December 2019 compounded by…

Sri Lanka is treading on the path of John Law, an 18 century French Mercantilist who drove France to a monetary meltdown with an early central bank, in implementing so-called Modern Monetary Theory debauching the currency, an opposition…

Sri Lanka is treading on the path of John Law, an 18 century French Mercantilist who drove France to a monetary meltdown with an early central bank, in implementing so-called Modern Monetary Theory debauching the currency, an opposition…

Sri Lanka is treading on the path of John Law, an 18 century French Mercantilist who drove France to a monetary meltdown with an early central bank, in implementing so-called Modern Monetary Theory debauching the currency, an opposition…

Sri Lanka can raise interest rates if inflation goes up and the current administration is engaging in strategies which are alternatives to going to the International Monetary Fund, State Minister for Money and Capital Markets, Nivard…

The recently passed controversial Colombo Port City Economic Commission Act could well end up being a modern-day Trojan horse or a Nanjing treaty for Sri Lankans in the years ahead, former foreign minister Mangala Samaraweera said. The…