Indrajith CoomaraswamyPic by Damith Wickremesinghe US$229 mn net outflow in govt. security market due to policy tightening of advanced markets Inflation expected ease off towards end of the year Private sector credit growth decelerated to 14.9% YoY in June Bank deposits and lending rates need to come down : CBSL By Nishel FernandoThe Monetary Board of the … [Read more...] about Central Bank keeps policy rates steady – Daily Mirror
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Sri Lanka's Central Bank Governor revises growth forecast
Sri Lanka's Central Bank Governor Indrajit Coomaraswamy predicted that economic growth on the island would be just 4 percent for 2018, lower than ...Source link … [Read more...] about Sri Lanka's Central Bank Governor revises growth forecast
Sri Lanka’s inconsistent vehicle taxes driven by soft-peg
ECONOMYNEXT - Sri Lanka's latest ad hoc tax hike on vehicles came following a request from the central bank, showing the cost to policy stability and the disruption to the life of ordinary citizens and their aspirations that comes from a soft-pegged exchange rate. Finance Minister Mangala Samaraweera said that the Central Bank had requested an import duty hike on vehicles … [Read more...] about Sri Lanka’s inconsistent vehicle taxes driven by soft-peg
Mangala’s microfinance mantra | FT Online
Microfinance Act to be amended, new regulatory body for industry, mandatory registration proposed Special committee to formulate proposals with input from Microfinance Practitioners Asso. Relief for 75,000 women across 12 districts with Rs. 1 b allocation Companies to present list by end-August, Treasury to release letters after GA verification Companies to be paid … [Read more...] about Mangala’s microfinance mantra | FT Online
JVP condemns moves to increase MPs’ salaries – Daily Mirror
The Janatha Vimukthi Peramuna (JVP) yesterday criticized the government’s move to increase salaries of MPs and ministers while increasing tax on vehicles below 1000 cc mainly used by the ordinary people.JVP MP Sunil Hadunnetti told the Daily Mirror that it was surprising how the government raised money to do so when it claimed the country was in a debt trap and the economy … [Read more...] about JVP condemns moves to increase MPs’ salaries – Daily Mirror
Country before self or vice versa?
COLOMBO (News 1st) – Since the current administration was elected to power there have been a plethora of taxes imposed on the general public. The cost of living is on the rise and it seems that this unbearable cost of living is beginning to take a toll on our elected public representatives as well. It could be because of this very reason that they are planning on giving … [Read more...] about Country before self or vice versa?
SLIC to regain market leadership through 3-yr strategy – Daily Mirror
From left: SLIC CEO Chandana Aluthgama and SLIC Chairman Hemaka Amarasuriya unveiling the new corporate logo of SLICPic by Kithsiri de Mel By Nishel Fernando Sri Lanka Insurance Corporation (SLIC) launches a fresh attempt to regain the market leadership in Sri Lanka’s insurance industry by implementing a three-year strategic plan partnering with a consultancy firm, aligned … [Read more...] about SLIC to regain market leadership through 3-yr strategy – Daily Mirror
Govt. ups tax on small and eco-friendly cars
A Sri Lankan man walks past a car dealership selling Suzuki hybrid models in Colombo on August 1, 2018. Sri Lanka on August 1 sharply increased customs duties on imports of the top-selling Japanese hybrid car, in an apparent shift in its policy of encouraging greener vehicles - AFP The Finance Ministry yesterday revised upwards the excise duty levied on vehicles with … [Read more...] about Govt. ups tax on small and eco-friendly cars
This Govt. is a bad advertisement for democracy – Daily Mirror
The role of the Government as a catalyst for social and economic modernisation of the state is as old as any notion of the Government. Though the academic interest in it was reawakened in the mid 80s with the publication of ‘ Bring the State back in’, the real go-getter states existed much before. And interestingly, the majority of them were authoritarian or quasi … [Read more...] about This Govt. is a bad advertisement for democracy – Daily Mirror
Laos gives visa-on-arrival for Sri Lanka tourists
ECONOMYNEXT - Lao Peoples Democratic Republic will provide visa on arrival to travelers from Sri Lanka from August 01, 2018 the foreign ministry said."Sri Lankan citizens holding valid travel documents could apply for visa-on-arrival at the international border check points of the Lao People's Democratic Republic," a statement said.Sri Lankans can travel without pre-approved … [Read more...] about Laos gives visa-on-arrival for Sri Lanka tourists
