The Sunday Leader

CB Report Notes Structural Challenges

by Amavasya Sirisena Considering the possible rise in demand driven inflationary pressures, the Central Bank says it continued to tighten monetary policy and monetary conditions throughout the year Unfavourable weather conditions and sluggish global economic recovery caused the economy to grow at a slower rate of 4.4 per cent in 2016 Core inflation, which measures [...]

Government Assures Potential Investors Stable Policy

Chinese investors have a lot to gain if they invest in Sri Lanka China is currently involved in a major port city construction by Easwaran Rutnam The government has assured potential investors a stable policy and invited them to make use of the opportunity in the country. Finance Minister Ravi Karunanayake said that the government [...]

Revenue Vs. Expenditure

Budget 2017  by Wiraj Silva One of the main hurdles for accelerating growth has been the lack of fiscal discipline which was exhibited candidly during the numerous budgets under the Rajapaksa regime  The government anticipates to bring in Rs. 140 billion of new revenue in 2016 Sri Lanka now has one of the lowest tax revenue-to-GDP [...]

Sweeping Reforms To Tax Regime

by Wiraj Silva Budget 2017 hailed by the country’s leading trade chambers for government’s consistent focus on modernizing the economy, inclusive growth, strengthening the middle class, and rebalancing towards an exports and private investment driven economic trajectory; has introduced wide-ranging sweeping reforms to the country’s hitherto archaic  tax regime.  Personal Income Tax – Employmentincome (PAYE) [...]

Sri Lankan Stock Market Volatile

by Hasitha Ayeshmantha Recent statements by several economists and investor communities have indicated major concerns regarding the future functionalities of the Sri Lankan stock market. In the limelight of Sri Lanka getting downgraded by Fitch, many parties have speculated that the Sri Lankan economy will have to face strong opposing 0headwinds in the near future. [...]

Move To Restructure State-Owned Institutions

by Camelia Nathaniel The Deputy Minister of State Owned Enterprises, Eran Wickramaratne said the government is in the process of restructuring the state owned institutions and boosting its management skill levels. He said that the restructuring process cannot be done overnight, adding that the government is in the process of creating the principles. He added [...]

Investor Community Highly Optimistic?

by Hasitha Ayeshmantha With the Fitch ratings delivering a massive blow to the stock market, The Sunday Leader reliably learns that the investor community is highly optimistic that the country would be able to turnaround from this situation within a short time period. Speaking to The Sunday Leader, representatives from several stockbrokers’ associations said that [...]

Rising Prices To Hit Lower And Middle Classes

by Hasitha Ayeshmantha With Minister of Finance Ravi Karunanayake’s recent statement announcing that the government would be raising taxes as part of a drive to improve its credit rating and reduce budget deficit, many have raised concerns as to whether the country is falling into the same ‘rut’ as before. The Finance Minister’s statement comes [...]

China Still In The Lead Despite Regime Change

Sri Lanka Donor Funding By Hasitha Ayeshmantha Despite many speculations by various parties, China still seems to be leading the race in Sri Lanka’s donor funding framework. Being responsible for well over US$ 487 million disbursements in 2015, China is still maintaining its position as the leading funder for development and infrastructure development in Sri [...]

Lanka Enters Next Phase Of Global Development Goals

Sustainability Development Goals by Hasitha Ayeshmantha Stepping up from the Millennium Development Goals (MDGs), Sri Lanka has entered into the next phase of the global development goals agenda which is the Sustainability Development Goals (SDGs). Even though the MDGs were initiated during the previous regime, the millennium development goals completion and progress report was presented [...]

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