Sri Lanka Economy

    SL May Again Need to Impose New Taxes in Budget 2023 – Deshal de Mel
    by |29 November 2021|Verité in the News
    Published on Ceylon Today One-off taxes proposed in Budget 2022 may not be sustainable in bridging Budget deficits, noted Research Director of Verite Research, Deshal de Mel. Speaking exclusively to Ceylon FT, Mel noted that Sri Lanka may again have...
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    mood of the nation
    Fertiliser Crisis highlights need for Rationality, Science and Merit in Governance
    by |23 November 2021|Verité in the News
    Published on The Island The government decision to import ‘quality plant nutrients,’ including urea, corrects a major mistake which should not have been made and has cost farmers and the economy dear.  So far, the relaxation of the ban seems...
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    Court of Appeal to be Moved to get the CID Cracking into Ratwatte Inquiry
    by |17 October 2021|Verité in the News
    Published on CounterPoint  CID cover up feared Cabraalnomics and economists who predict the worst is still to come Nagging foreign reserve crisis The immediate need for preemptive debt restructuring The Committee for Protecting Rights of Prisoners (CPRP) will file a writ in the Court of Appeal for an...
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    Top Panel Sounds Alarm, Insists it’s Time for Urgent Economic Reforms
    by |16 September 2021|Verité in the News
    Published in the DailyFT Sri Lanka facing one of the worst economic crises in its history Pandemic only exacerbated existing economic weaknesses; roots lie in unsustainable debt, fiscal indiscipline and low rates of growth  To emerge from crisis, comprehensive and...
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    ආනයන රෙගුලාසි පැනවීම – Nishan de Mel on Hiru Evening Newscast
    by |10 September 2021|Interviews & Articles
    Executive Director Nishan de Mel speaks to Hiru News on the recently imposed import restrictions and their effect on government revenue, advocating ultimately for sound and critical policy analysis.
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    Sri Lanka Inflation: Economic Emergency Causes Prices of Essential Goods to Soar – Nishan de Mel on CGTN News
    by |10 September 2021|Interviews & Articles
    Executive Director speaks to CGTN News about the systemic causes of commodity hoarding and how an economic state of emergency can heighten the crises brought on by commodity hoarding.
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    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.
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    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...
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    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...
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    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...
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