President Ranil Wickremesinghe will address the nation on Wednesday, June 26, to brief on the country’s economic challenges and provide an update on the foreign debt restructuring efforts. In his address, the President will brief the public on the current economic situation in the country and provide an update on the progress made with the restructuring of foreign debt. This …
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In terms of the provisions in the Central Bank of Sri Lanka Act, No. 16 of 2023, Hon. Minister of Finance, as recommended by the Governing Board, has appointed Mr. A A M Thassim, Assistant Governor and Secretary to the Governing Board, and Mr. J P R Karunaratne, Assistant Governor, as Deputy Governors of the Central Bank of Sri Lanka …
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President Ranil Wickremesinghe emphasized his commitment to revitalizing the country’s economy while highlighting transformative changes in the lives of farmers. The President made these remarks during the inauguration of a groundnut processing center in Karadiyanaru, which was constructed at a cost of Rs. 55 million under the agricultural modernization program of the Ministry of Agriculture. During the event held this …
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The Financial Intelligence Unit of Sri Lanka (FIU-Sri Lanka) entered into a Memorandum of Understanding (MOU) with the Financial Intelligence National Center of the Kingdom of Bahrain (FINC-Bahrain) on June 04, 2024, at the 30th Plenary of the Egmont Group, held in Paris, France, to exchange financial intelligence related to money laundering (ML) and associated predicate offences, and in relation …
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The Financial Intelligence Unit of Sri Lanka (FIU-Sri Lanka) entered into a Memorandum of Understanding (MOU) with the Financial Intelligence National Center of the Kingdom of Bahrain (FINC-Bahrain) on June 04, 2024, at the 30th Plenary of the Egmont Group, held in Paris, France, to exchange financial intelligence related to money laundering (ML) and associated predicate offences, and in relation …
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Purchasing Managers’ Indices indicate improvements in both Manufacturing and Services activities in May 2024. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 58.2 in May 2024, indicating an expansion in manufacturing activities. All sub-indices, except for employment, rose above the neutral threshold during the month, resulting in an overall increase in the index …
Continue ReadingThe Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) to exchange information relating to investigations and prosecutions of money laundering, bribery or corruption, and other related offences. Mr. Chethiya Goonasekera, PC, Commissioner of the CIABOC and Mr. Kanishka Wijeratne, Director General of the …
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President Ranil Wickremesinghe delivering a special statement to Parliament today (18) said that the proposed Imputed Rental Income Tax will exempt a person’s first property. He emphasized that this tax is aimed at high net-income earners, not ordinary income earners, assuring that it will not affect those earning normal income. Raising a Point of Order under the Parliamentary Standing Orders, …
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PRESS RELEASEClarification on Imputed Rental Income Tax The recent publication of the International Monetary Fund (IMF) supported ExtendedFund Facility (EFF) programme related documents make reference to a proposedproperty tax to be implemented as an imputed rental income tax. The purpose of thispress release is to clarify certain speculations and misconceptions regarding the same. One of the key reasons for Sri …
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State Minister for Social Empowerment, Anupa Pasqual, stated that meaningful change in the country can only be achieved through effective policies, rather than focusing on individuals or political parties. He emphasized that President Ranil Wickremesinghe has already successfully implemented the necessary programs for the country’s economic progress. The State Minister also mentioned that the President has approved a 50% subsidy …
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