The minister claims (a) there are nearly 1,000 tax files registered with the Department of Inland Revenue (IRD), and (b) there are over 10 million credit cards in issue in the country, with each credit card holder performing transactions of over Rs. 1 million. FactCheck.lk interpreted the minister’s statement in context as referring to the value of transactions per annum per credit card rather
To check this claim, FactCheck.lk consulted import data from the Central Bank of Sri Lanka (CBSL). Expenditure on fuel imports depends not just on consumption, but also largely on international prices, which tend to fluctuate. Therefore, FactCheck.lk considered average expenditure on fuel from 2010 to 2020.
In his statement, the MP claims that as per the Cabinet memorandum presented by Finance Minister Basil Rajapaksa, the Framework Agreement between the government and the New Fortress Energy (NFE) Company resulted in assigning to NFE economic rights that were a part of an ongoing tender process—the integrity and sensibility of which has also been questioned. The tender was to build a Floating Storage Regasification Unit (FSRU), and the pipelines th
The former state minister’s statement provides a breakdown of social and related expenditures by government, and as reported attributes LKR 700 billion to the costs of control and relief activities due to Covid-19. (Headline in the Daily News: Rs 7
In his statement, the MP states that (1) 70% of government revenue is spent on interest on loan repayments, and (2) Lebanon is the only country in the world to pay higher interest than Sri Lanka as a percentage of national revenue. To evaluate this claim, FactCheck.lk consulted the Central Bank of Sri Lanka (CBSL) Annual Reports and the World Bank World Development Indic
The former MP claims that (a) 10 Covid-19 patients die every hour in Sri Lanka, (b) the ratio of Covid-19 death to cases in Sri Lanka is 1.5%, and (c) Sri Lanka reports the highest daily Covid-19 death rate in the Asian region at the time of his statement (i.e., 11 August).
In Sri Lanka, the phrase “sugar scam” refers to the scandal surrounding the sudden large reduction in the Special Commodity Levy (SCL) on sugar imports, which took place on 13 October 2020. The SCL on sugar was reduced by 99.5%
In his statement, the state minister claimed that the population percentage dependent on agriculture is over 30%, while the contribution to GDP is less than 10%. His figures indicate that the population percentage dependent on agricultur
In his statement, the MP states that (1) public sector debt as a percentage of GDP was 109.7% in 2020, (2) this is the highest public debt in Sri Lanka’s history, and (3) if sovereign bonds had not been undervalued public debt would exceed 113% of GDP. To evaluate this claim, FactCheck.lk consulted the Central Bank of Sri Lanka (CBSL) Annual Reports.
To check the claim on the ‘collapse’ of Sri Lanka’s tourism industry following the Easter attacks and the COVID-19 pandemic, FactCheck.lk compared the change in performance of tourism earnings after April 2019 and after March 2020 (when COVI
To evaluate this claim, FactCheck.lk looked exclusively at Our World in Data (OWID) statistics on COVID-19 to facilitate cross country comparison (as of 10th July). The minister does not state his metrics of success. FactCheck.lk evaluated the claim using three criteria: (1) number of deaths per million, (2) number of tests per thousand alongside the associated positivity rate, and (3) percentage of population vaccinated.
To check this claim, FactCheck.lk consulted the latest press releases by the Epidemiology Unit of the Ministry of Health and Our World in Data statistics on COVID-19 vaccinations. To evaluate the first claim, FactCheck.lk considered the MP to be referring to the number of people who have received at least one dose of the COVID-19 vaccination. To evalu
In his statement, the MP states that (1) Sri Lanka imported 574,000 metric tonnes of fertiliser in 2020, and (2) Sri Lanka, using 284kg per hectare, has the highest chemical fertiliser consumption in South Asia. To check the f
In his statement, the MP states that (a) industries in total contribute to 26.4% of GDP, (b) industrial exports contribute 10% to GDP and (c) 10% of export against the 26.4% production is a very low share of total industrial production to export. To check this claim, FactCheck.lk consulted the National Accounts and Annual Exports Statistics published by the Central Bank of Sri Lanka and World Bank Development Indicators. On claim (a), according
SL exits ’Restricted Default’ rating
SriLankan airlines hosts agents’ tour to Gan island
First Capital crowned as Brand of the Year at SLIM Brand Excellence 2024
Bitcoin surges past $100k for first time
USAID, CBL group to boost SL’s coconut industry
crisis spirals, Govt. extends deadline for imports till January 10
Suspect dies after collapsing in Chilaw Police custody
Dayasiri defends use of President’s Fund, rejects misuse allegations
Special crimes investigation units to be set up covering all provinces