Verité in the News

    State Revenue: What Happened to the Tax Amnesty?
    by |22 January 2022|Verité in the News
    Published on The Morning IRD refuses to provide info on tax amnesty funds Tax amnesties in SL have been ineffective: Think tank Balance between voluntary tax compliance and deterrence needed The Government of Sri Lanka last year presented a controversial...
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    Dollar Drought Leaves Sri Lanka Groping in the Dark
    by |22 January 2022|Verité in the News
    Published on Nikkei Asia  As Sri Lanka's dollar scarcity worsens, a fresh crop of unusual signs has surfaced about spreading shortages of basic goods. "Candles not available due to gas shortage" was one. It was placed at St. Anthony's church,...
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    CIPE-COSMI Team Up to Boost Participatory Governance in Large-Scale Infrastructure Projects
    by |22 January 2022|Verité in the News
    Published on DailyFT The Centre for International Private Enterprise (CIPE) and the Confederation of Micro, Small and Medium Industries (COSMI) have exchanged an agreement on an advocacy program that assists communities affected by large-scale infrastructure projects in Sri Lanka alongside...
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    Confidence-boosting, Painful Economic Reform Package Pointed Out as SL’s Only Way Out
    by |21 January 2022|Verité in the News
    Published on Daily Mirror Experts say such package may or may not need involvement of IMF, depending on political stamina of govt. Leading international debt restructuring expert says engaging IMF could be useful for SL as agency has political legitimacy...
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    Sri Lanka CenBank May Raise Rates as Inflation Pressure Builds
    by |18 January 2022|Verité in the News
    Published on Reuters The Central Bank of Sri Lanka (CBSL) is likely to raise interest rates at its first policy announcement in 2022 to tackle growing price pressures, manage external challenges and reduce pressure on the rupee, economists and analysts...
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    Explainer: Sri Lanka on the Edge as Debt Burden Mounts
    by |17 January 2022|Verité in the News
    Published on Reuters Hit hard by the COVID-19 pandemic, Sri Lanka is facing its most serious financial crisis in years, raising doubts about its ability to pay its creditors. On Tuesday, the island nation will repay $500 million towards an...
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    Colombo Port City: A new Dubai or a Chinese enclave?
    by |17 January 2022|Verité in the News
    Published on BBC News "An economic game changer" is how officials describe Colombo Port City, a shiny metropolis soaring out of the water along the Sri Lankan capital's seafront. Next to Colombo's leafy business district, the huge expanse of sand...
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    mood of the nation
    50% Fall in Paddy Yield Points to Necessity to Import 1 mn Metric Tonnes of Rice
    by |16 January 2022|Verité in the News
    Published on The Sunday Times A paddy shortage by the end of February is now inevitable and the Government will have to import 800,000 to one million metric tons of rice to avoid scarcity during the April Sinhala and Tamil...
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    November 2021 Reserves Lower than ‘Spider-Man’ Box Revenue
    by |12 January 2022|Verité in the News
    Published on The Morning  In November 2021 the foreign reserve position of Sri Lanka fell to a 12-year low of $ 1.6 billion, which Verité Research in a humorous social media post pointed out was marginally higher than the global...
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    Sri Lanka’s Imports Increased in 2021 – Cabraal
    by |11 January 2022|Verité in the News
    Published on Newswire Sri Lanka’s import expenses increased to US$ 21.6 billion in 2021, Governor of the Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal has announced. He pointed out that import expenses stood at US$ 16.1 billion in...
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