economy

    Delving into the Controversial DCC Rate Hike by Banks
    by |29 August 2021|Verité in the News
    Published on The Morning  Sri Lanka’s leading commercial banks decided to limit the foreign exchange transactions through credit cards and hike the Dynamic Currency Conversion (DCC) this past week, which caused panic for IT businesses, as their cost structures changed...
    continue reading
    De Facto Rationing of Dollars Arising out of Forex Crisis
    by |22 August 2021|Verité in the News
    Published on The Sunday Times While Sri Lanka is grappling with the ongoing foreign exchange crisis, ‘rationing’ is taking place amongst letters of credit as those who have the firepower get the benefit while others are deprived of dollars. This...
    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
    Debt Default Danger: Alarmist or Imminent?
    by |09 August 2021|Verité in the News
    Published in The Morning LK Will the Government of Sri Lanka default on its obligations to service its mountain of debt over the next couple of years, including two bond repayments of a total of $ 1.5 billion due in...
    continue reading
    Real Question Is Not Whether SL Should Go to IMF or Not
    by |05 August 2021|Verité in the News
    Published in The Island The real question is not whether Sri Lanka should go to the IMF or not. What is important is going to the IMF with confidence after having analysed the fiscal situation, with a convincing plan, Executive...
    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 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
    ජාත්‍යන්තර අභියෝග හමුවේ ශ්‍රී ලංකාව – Subhashini Abeysinghe on Satana
    by |30 June 2021|Interviews & Articles
    Research Director Subhashini Abeysinghe joins Satana on TV1 to discuss Sri Lanka's economic prospects future obstacles.
    continue reading