Good morning,. It is an honor to be here today at the ASPIRE-Sri Lanka Project Closure and Felicitation Ceremony. How wonderful to have just heard from a number of the women involved in this project, to hear their personal stories on how their livelihoods were uplifted. And to hear women talk about the impact on their families, their children. Not …
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In a significant milestone for Sri Lanka’s economic revitalization efforts, the nation has successfully finalized comprehensive debt restructuring agreements with key bilateral creditors. On June 26, 2024, Sri Lanka concluded negotiations with the Official Creditor Committee (OCC) and China Exim Bank, marking pivotal strides towards stabilizing its financial footing amid recent economic challenges. The agreements, valued at a combined USD …
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President Ranil Wickremesinghe emphasized that the government is placing special focus on integrating economic and technical sectors through advancements in computer and information technology. The President highlighted the vision to transform Colombo Port City into a financial zone facilitating offshore activities and attracting investments in Sri Lanka, with a strong emphasis on the development of enterprises and the utilization of …
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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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