NEW DELHI: There was no explicit mention of geopolitics in the vision document released at the end of Sri Lankan President Ranil Wickremesinghe’s visit to India last week but both leaders did discuss the geopolitical situation (vis-à-vis China) just like they do whenever they meet, says Sri Lankan envoy to India Milinda Moragoda. The thrust […]Read More
Sri Lanka’s President Ranil Wickremesinghe is in Delhi on his first visit since taking over as president last year amid economic collapse and political chaos. Addressing an Indian CEO’s forum a few days ago in Colombo, he said, “We need to determine our long-term objectives and aspirations for the next 10 to 15 years. This […]Read More
NEW DELHI: Exactly a year ago, Sri Lanka defaulted for the first time in its history. And now as Pakistan’s economic crisis deepens amid its currency crashing against the U.S. dollar with surging inflation, it almost seems like a replay. It is no surprise that the Pakistani rupee crashed to 288.5 against the US dollar […]Read More
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
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