Economy in Sri Lanka

    Sri Lanka Declares Economic Emergency – Nishan de Mel on Al Jazeera Inside Story
    by |04 September 2021|Interviews & Articles
    Executive Director Nishan de Mel appears on Al Jazeera's Inside Story segment alongside State Minister Ajith Nivaard Cabraal and MP Harsha de Silva to discuss the sudden depreciation of the Sri Lankan rupee and the recent forex crisis.
    continue reading
    Proposed Tax Amnesty: Exercising Caution in Income Generation
    by |21 August 2021|Verité in the News
    Published on The Morning  Govt. expects $ 500 m income through tax amnesty: Cabraal Important for people to submit their taxable supplies: IRD Chief Amnesties granted on previous occasions have failed: Dr. Wijewardena While the Government states it expects to...
    continue reading
    IMF or No IMF, Sri Lanka Needs Economic Analysis and Plan Going Forward
    by |12 August 2021|Verité in the News
    Published in The Island Whatever Sri Lanka decides about dealing with its debt and paying its way through the world, the country needs to formulate a very good economic analysis and a publicly-backed plan that will establishc credibility of the...
    continue reading
    CA Sri Lanka’s CEOs Forum Plays Nexus Role to Bridge Gap between Govt., Biz Community
    by |03 August 2021|Verité in the News
    Published in the DailyFT State Minister Nivard Cabraal urges private sector to look long-term, not focus only on short-term CB Chief says Govt. policy plan has heavy focus placed on exports, domestic production as well as entrepreneurship and SME activities...
    continue reading
    Private Sector Needs Consistent Policies to Take Risks
    by |02 August 2021|Verité in the News
    Published on Daily News The biggest support the government can give to the private sector is to give them confidence and this can be done by spelling out consistent policies and marinating them, said Chairman of Ceylon Chamber of Commerce,...
    continue reading
    Sri Lanka Needs Medium and Long Term Plan to Overcome Debt Crisis
    by |01 August 2021|Verité in the News
    Published in The Sunday Times Although immediate debt repayment payments have been settled, the government will have to implement a medium and long term plan with clear policy derived by analysing all its aspects, a leading economist emphasised. Verite Research...
    continue reading
    ‘Sri Lanka’s Import Regime is One of the most Complex and Protectionist in the World’ – US State Department
    by |24 July 2021|Verité in the News
    Published on Tamil Guardian  Citing the World Bank, the US State Department‘s Investment Climate report highlights that Sri Lanka’s “import regime is one of the most complex and protectionist in the world”. The World Banks’ Doing Business Index ranked Sri...
    continue reading
    Sri Lanka’s Rajapaksa Dynasty Is Not as Secure as It Appears
    by |15 July 2021|Verité in the News
    Published in The Economist SINCE WINNING the presidency in a landslide nearly two years ago, Gotabaya Rajapaksa has worried not that he has too many relatives in government, but that he has too few. One of the 72-year-old’s elder brothers,...
    continue reading
    Sound Analysis Critical for Economy – Deshal de Mel on Newsline
    by |07 July 2021|Interviews & Articles
    Research Director Deshal de Mel appears on Newsline to talk about Sri Lanka being recently reclassified as a low-middle-income country and the necessity of sound analyses to overcome Sri Lanka's recent economic struggles.
    continue reading
    Desperately Searching for Dollars: Importers and Import-Intensive Exporters Badly Hit
    by |04 July 2021|Verité in the News
    Published in The Sunday Times Importers continued to fret this week with containers–many of them holding inputs for export manufacturing–held up because dollar-strapped Sri Lankan banks were slow in settling payments with the sellers’ banks abroad. “I bring in raw...
    continue reading