Sri Lanka will have to implement a new fiscal framework with a number of crucial economic reforms which can ensure the long-term economic stability of the country, says President Ranil Wickremesinghe. Tabling the agreement with the International Monetary Fund (IMF) in Parliament, Wickremesinghe noted that Sri Lanka is now commencing a new journey and that […]Read More

The current tax policy in Sri Lanka is not a normal tax policy but a rescue operation and any disruption to this process will result in Sri Lanka not being able to secure the International Monetary Fund (IMF) funding, which may also result in the opportunity to do business with foreign countries being lost, warned […]Read More

The increase in electricity tariffs last week and its disproportionate impact on the hospitality industry is bound to push many hotels towards the brink of collapse, with hoteliers being forced to absorb the added costs as it is not feasible to increase room rates to reflect the new tariffs. According to The Hotel Association of […]Read More

The Chinese government is unwilling to follow the Debt Sustainability Analysis (DSA) targets set by the International Monetary Fund (IMF) for Sri Lanka, former IMF Director Dr Sharmini Coorey and Samagi Jana Balawegaya (SJB) MP and economist Dr Harsha de Silva have revealed. During a webinar conducted by Oxford Political Review, Coorey, who is a […]Read More

Sri Lanka plans to begin evaluating Expressions of Interest (EOIs) in its offshore hydrocarbon reserves, following the enactment of the legal regulatory framework on offshore oil and gas, the Petroleum Development Authority of Sri Lanka (PDASL) said yesterday (14). When contacted by The Sunday Morning, PDASL Chairman Saliya Wickramasuriya said: “Sri Lanka will operate an […]Read More