The proposed tax revisions which will come into effect from January 1 (2024) have raised eyebrows of the public. While some have been confused about how the 18% Value Added Tax (VAT) would be....
Spiritual revelation says that when we bear each other’s burdens, we will fulfill the law of the Truth. We need to deeply ponder on this insight as we consider how and in what way we could assist in the vital area of poverty alleviation. According to the United Nations, this issue should be based on the theme “Decent Work and Social Protection: Putting Dignity in Practice for All”. The world body says, the International Day for the Eradication o
It is a truth universally acknowledged that if Sri Lanka under-performs on its governance corrections, it will underperform on its economic recovery as well (with apologies to Jane Austen); the first provides the foundation for the second. Sri Lanka secured IMF board approval for the second tranche of the current IMF programme exactly 102 days after the scheduled date for the first review. It is not normal for a second tranche to be so delayed, a
Back in 2019, during one of his visits to the Philippines, the then President Maithripala Sirisena praised Philippine President Rodrigo Duterte’s approach to control the drug menace; an approach that had allegedly led to thousands of extrajudicial killings at the time. Sirisena not only said that it had set an example to the world, but said that he should consider adopting similar approaches to eradicate the drug menace in Sri Lanka. Since then t
The country is totally relying on the International Monetary Fund (IMF) led programme for recovery from the unprecedented economic crisis that was created by the leaders who for the past several decades promised to the people a paradise on earth. Despite the successful recovery being still in the balance, the economic reforms that are being implemented under the IMF programme have already started to bite especially the poor and the vulnerable. Th
The Global Tamil Forum, a twice-banned diaspora organization, has reportedly received a warm reception during their recent visit to Sri Lanka. They’ve arrived with a delegation of Buddhist monks to present the Himalaya Declaration. While their meetings with the President, religious figures, and civil leaders have caused concerns in certain sectors, there haven’t been direct attacks or confrontations reported. These receptions might suggest a pote
Last week saw two important events in respect of reconciliation among various communities in Sri Lanka. In one of them, several members of the Global Tamil Forum (GTF), a group from the Tamil diaspora and a group of leading Buddhist monks, met President Ranil Wickremesinghe and the Mahanayake Theras of the Malwatta and Asgiriya Chapters on December 8, and handed over a document called “Himalaya Declaration.”
The season of Christmas with all its attendant festivities is with us. Yet our country is broke. Some among us like to think that we have recovered from our national bankruptcy, pointing out that we now have reserves and that international financial agencies are willing to offer us credit. But the fact of the matter is, we have not even started to repay our outstanding debts.
With Sri Lanka’s 2024 budget being approved by Parliament yesterday, the International Monetary Fund (IMF) is likely to give approval to its second tranche of a USD 3 billion bailout package, after which the country’s economy is likely to stabilize. President Ranil Wickremesinghe has handled the economic crisis with skill, but the Government of the Sri Lanka Podujana Peramuna (SLPP) is badly split with different fractions expressing different vi
The world is celebrating 75 years of human rights at this point of time, and its timely to look back and reflect on how Sri Lanka has fared in a subject which promises a better and righteous society. From the time Sri Lanka received independence from the British, many avenues were opened for the downtrodden masses to educate themselves and hold high positions in society and even in government establishments. Before that such positions and the be
QWhat is your party’s stand on the current debt crisis and the Extended Fund facility with the International Monetary Fund (IMF)? As everyone else does, we also see this as a rigorous economic crisis. The real crisis is more serious than the one being painted by the government through the media loyal to it. Sharmini Coorey, Former Director, Institute of Capacity Development of the IMF, explained in clear cut terms the depth of the economic crisi
Parliament sessions on Sunday had to be adjourned for Monday for want of quorum, while the Value Added Tax (VAT) Amendment Bill was being debated. Interestingly, only 18 out of 225 members elected by the people to represent them were present at the time of adjournment, even after the quorum bell was rung. 207 members had absented themselves. Parliamentary quorum is just 20 members. The VAT Amendment Bill that was to be passed on Sunday is meant
In these days of economic downturns and rising unemployment, it is not surprising that Sri Lankans and Nepalese with a military background are finding jobs in their line of expertise in the Russo-Ukrainian war theatre. While retired Sri Lankan military men are finding opportunities in the Ukrainian Foreign Legion (UFL), the Nepalese are heading for Russia to serve as auxiliaries in the armed forces of that country. The recruitment of foreigners
Former President Mahinda Rajapaksa has been taking every possible effort to minimize the effects of the Supreme Court ruling on November 14 against him, two of his brothers and officials loyal to them, pronouncing that they were responsible for the economic crisis which the country is still reeling from.
EU Ambassador meets new BOI Chief to discuss economic ties
SLCERT warns WhatsApp users against sharing OTPs to prevent hacking
IMF review for Sri Lanka delayed
Canada issues travel advisory over serious risk in Arugam Bay
More countries issue travel advisories
Confusion reigns over potential attack in Arugam Bay: Ruwan
Free media doesn’t mean freedom of the wild ass: Vijitha Herath
Ranil ready to take charge of country at any given time: Wajira
NPP never made allegations of hidden money in Uganda: Tilvin