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[…]The post The International Priority To Be Heeded appeared first on Colombo Telegraph.
- Resisting Elections Will Worsen Dissent (Category: Breaking News)
- Consolidating Economic Recovery Needs No Referendum (Category: Breaking News)
- Supreme Court Shows Democratic Route To Government (Category: Breaking News)
- Second Aragalaya In The Making (Category: Breaking News)
[…]The post The Misunderstood Taxation Of EPF & Other Superannuation Funds appeared first on Colombo Telegraph.
- The Apologetic Custodian Of The EPF Is Also A Victim (Category: Breaking News)
- Economy 2024: More Challenging Than The Two Previous Years (Category: Breaking News)
- EPF asked to pay 30% tax unless it participates in domestic debt restructuring process (Category: Breaking News)
- Central Bank informs EPF members: “decided to opt for” DDO (Category: Breaking News)
When the five days long stretch of holidays ended last week and the Colombo bourse reopened for trading on Tuesday, the market surged 6.71 percent (633.69 points up) on the broad All Share Price Index (ASPI) while the Standard and Poor SL 20 index covering the 20 largest and more liquid companies quoted on the […]
- Manning Market closed until further notice (Category: Breaking News)
- Stock market ends on a positive note (Category: Breaking News)
- Stock market closed for the day as S P SL20 falls (Category: Breaking News)
- Man killed in shooting incident at Manning Market (Category: Breaking News)
By Rathindra Kuruwita Unless Sri Lanka addressed its governance issues, the country would have to restructure its debt again like most countries that had unsustainable levels of corruption, Executive Director of Verité Research Nishan de Mel said in a recent televised interview. Dr. De Mel said that as the government had decided to pay the […]
- Domestic debt restructuring: Harsha insists money belonging to EPF members must be safeguarded (Category: Breaking News)
- Govt. borrowing costs drop as Treasury bill auction interest rates take big dip (Category: Breaking News)
- JVP asks why govt. so secretive about ‘domestic debt optimisation’ (Category: Breaking News)
- Central Bank informs EPF members: “decided to opt for” DDO (Category: Breaking News)
The Sri Lanka Banks’ Association has emphasized that by optimizing domestic debt, the hard-earned funds of the working people in the country will be safeguarded from potential losses. During an interview on the ‘101 Katha’ program,produced by the Presidential Media Division, Russel Fonseka, the Chief Executive Officer of the Bank of Ceylon and a member […]
‘CBSL employees receiving higher interest rate of 29 percent’ Pivithuru Hela Urumaya (PHU) leader and dissident SLPP MP Udaya Gammanpila yesterday (04) said that though the government insisted that its Domestic Debt Optimisation (DDO) programme would have no impact on the banking sector, banks could lose as much as Rs 97 bn. Addressing the media at […]
- CBSL raises over Rs. 127 billion in treasury bond action (Category: Breaking News)
- CBSL raises over Rs. 142 Bn through Treasury Bond auction today (Category: Breaking News)
- Sri Lanka s tourism earnings in first 8 months of 2022 nears USD 900mn (Category: Breaking News)
- CBSL issues all-time high volume of treasury bills (Category: Breaking News)
[…]The post Involuntary & Inequitable DDO appeared first on Colombo Telegraph.
- Sustainable Debt & Unsustainable Democracy (Category: Breaking News)
- Economy, Easter Phoenix & Politics (Category: Breaking News)
- Politics Of Easter Investigation In A Wriggling Economy (Category: Breaking News)
- RW’s Political Rating & Fitch’s Credit Rating (Category: Breaking News)
By Shamindra Ferdinando Dissident SLPP MP Gevindu Cumaratunga has strongly opposed the government move to place the debt-restructuring programme under President Ranil Wickremesinghe’s control as the latter does not represent Parliament. Addressing Parliament on Saturday (01), the leader of civil society group ‘Yuthukama’ pointed out that the Resolution on the Domestic Debt Optimisation (DDO) was [...
- Over 70% salary hike for CBSL employees: Gevindu demands explanation from FM (Category: Breaking News)
- MP drops bombshell over EPF discrepancy, demands immediate remedy (Category: Breaking News)
- Proposed domestic debt optimization strategy passed in Parliament (Category: Breaking News)
- SLPP dissidents ask govt. to bring back USD 35 bn ‘parked’ overseas (Category: Breaking News)
frowns on privileged status to wealthy investors, bid to restore dissolved LG bodies By Shamindra Ferdinando Top Opposition Spokesman Prof. G. L. Peiris yesterday (02) demanded that the government cancel, what he called, the deeply flawed ‘Aswesuma’ social security project, to pave the way for a fresh scheme. Addressing the media at the Nawala Office […]
- GL: Cost of living intolerable, street protests inevitable (Category: Breaking News)
- SLPP rebels issue warning over labour reforms, question motives of Prez (Category: Breaking News)
- Gov Defeated Powers Against SL at the UN (Category: Breaking News)
- Will not allow Batticaloa Campus to function as a private body Edu. Minister (Category: Breaking News)
about burden falling on superannuation funds esp #EPF without […]
- JVP moves SC to prevent possible losses to EPF, ETF (Category: Breaking News)
- EPF to participate in Treasury Bond exchange under DDO (Category: Breaking News)
- Interest paid on EPF deposits not affected by DDR process - CBSL governor (Category: Breaking News)
- Domestic debt restructuring: Harsha insists money belonging to EPF members must be safeguarded (Category: Breaking News)
Sri Lankan state can’t allow even a small bank to collapse because that will trigger a bank run with a devastating impact on the economy. Governor of the Central Bank of Sri Lanka CBSL) Dr. Nandalal Weerasinghe said, on Thursday night, taking part in a televised discussion. Dr. Weerasinghe said that Domestic Debt Restructuring (DDR) […]
- EPF asked to pay 30% tax unless it participates in domestic debt restructuring process (Category: Breaking News)
- Governance issues, etc., will have to be sorted out to avert further debt restructuring: Verité ... (Category: Breaking News)
- SJB to present amendment to EPF act (Category: Breaking News)
- COPF discusses effect of domestic debt restructuring on EPF (Category: Breaking News)
Banks, which pay taxes over 50%, least affected By Sanath Nanayakkare If the Employees’ Provident Fund (EPF) and other pension funds did not wish to participate in the proposed domestic debt restructuring process, there will be an application of higher annual income tax of 30%, Central Bank
- CB Governor outlines importance of DDR to protect banks and save overall economy (Category: Breaking News)
- Governance issues, etc., will have to be sorted out to avert further debt restructuring: Verité ... (Category: Breaking News)
- Involuntary & Inequitable DDO (Category: Breaking News)
- Central Bank informs EPF members: “decided to opt for” DDO (Category: Breaking News)
Sri Lanka's banking system would not be burdened any further as it already contributes to the Treasury and economy through taxes of over 50%, the Central Bank Governor Dr. Nandalal Weerasinghe said.The post Sri Lanka’s Central Bank Governor explains debt restructuring process appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s Central Bank Governor asks critics to provide alternatives (Category: Breaking News)
- IMF to visit Sri Lanka in late August for staff-level agreement – Central Bank Governor (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka has no alternative other than IMF – CBSL chief (Category: Breaking News)
By Shamindra Ferdinando SJB MP Dr. Harsha de Silva said that the all-party Committee on Public Finance (COPF) would have to examine the proposals presented by the Central Bank of Sri Lanka (CBSL) and the Treasury as regards the proposed domestic debt restructuring. COPF Chairman de Silva said that the CBSL and Treasury representatives appeared […]
- Harsha clarifies why the opposition opposed DDO strategy (Category: Breaking News)
- COPF further discusses DDO plan, looks into effect on superannuation funds (Category: Breaking News)
- Opp. alleges Speaker disrupts CoPF ahead of vote on CBSL Bill (Category: Breaking News)
- COPF summons Public Security Secretary and Immigration CG (Category: Breaking News)
[…]The post Ranil’s Economic Strategy: Will His Prioritisation Of Targets Misfire? appeared first on Colombo Telegraph.
- Planning For A Year Of Elections (Category: Breaking News)
- Is State Owned Temasek A Useful Concept For Sri Lanka? (Category: Breaking News)
- To Be Realistic, There Are Only Two Options (Category: Breaking News)
- Liberal Or Edible Economics: Global Disorder Worst In A Century (Category: Breaking News)
By Shamindra Ferdinando The Opposition yesterday (08) lambasted Speaker Mahinda Yapa Abeywardena for what it called a move to disrupt the Committee on Public Finance (CoPF) ahead of the vote on a Bill titled ‘Central Bank of Sri Lanka.’ Top spokespersons for the Nidahas Janatha Sabhawa (NJS) Prof. G.L. Peiris, MP, and the main Opposition Samagi […]
- Speaker accused of being notorious for suspending Standing Orders (Category: Breaking News)
- Govt. causes split in SJB by appointing Mayantha as COPF head instead of Harsha (Category: Breaking News)
- Debt restructuring: Opp. won’t accept President’s assurances; COPF examines proposals (Category: Breaking News)
- Why does IMF ignore government’s authoritarian behavior, asks Harsha (Category: Breaking News)
Powering the 89th annual Battle of the Saints, Sri Lanka’s leading private sector bank HNB PLC, reaffirmed its commitment as the official banking partner for the highly anticipated cricket encounter at the Sinhalese Sports Club on April 28, 29 and 30. The match will see the two leading Catholic schools, St. Josephs College and St. […]
- HNB honoured as the Best Retail Bank in Sri Lanka for the 13th year (Category: Breaking News)
- HNB launches Affinity Credit Cards packed with benefits for the members of Ladies’ College OGA (Category: Breaking News)
- Archbishop Emeritus Oswald Gomis passes away (Category: Breaking News)
- Amidst crisis US expanding its role through JKH, HNB (Category: Breaking News)
The Government is to consider restructuring Sri Lanka’s domestic debt, but a final decision is yet to be taken, President Ranil Wickremesinghe told Parliament today. He said that all aspects will be looked into when restructuring Sri Lanka’s domestic debt. “Some banks are saying they will not be able to face this. Then they must […]
- Sri Lanka Government hoping to restructure $17 billion foreign debts along with local debts (Category: Breaking News)
- Sri Lanka virtually let down by China in securing a $2.9 billion IMF loan in December (Category: Breaking News)
- President urges China to change tune on debt (Category: Breaking News)
- Fitch downgrades Sri Lanka’s long-term local-currency IDR to ‘CC’ (Category: Breaking News)
By N Sathiya Moorthy Now that President Ranil Wickremesinghe has promised to table the IMF bail-out documents in Parliament on 25 April, there will be some relief for citizens wanting out of the meaningless politico-electoral speculation of the time. It could well be back to a more serious discourse on the economy, economic recovery – […]
- Bangladesh gives Sri Lanka more time to repay $200 million loan (Category: Breaking News)
- Three leading international firms offer advice to Sri Lanka (Category: Breaking News)
- IMF says time frame for Sri Lanka bailout remains uncertain (Category: Breaking News)
- Sri Lanka hopeful of completing debt restructuring in six months (Category: Breaking News)
By Shamindra Ferdinando The International Monetary Fund (IMF) owed an explanation as regards the recent government declaration that domestic debt restructuring was part of the programme implemented in terms of Sri Lanka’s agreement with the lending agency, top Opposition spokesperson Prof. G.L. Pieris, MP said yesterday (10). Having repeatedly assured that domestic debt wouldn’t be […]
- Opposition slams govt. over domestic debt restructuring (Category: Breaking News)
- Govt. still undecided about domestic debt restructuring methods (Category: Breaking News)
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- JVP moves SC to prevent possible losses to EPF, ETF (Category: Breaking News)
[…]The post Can Sri Lanka Drive Itself From Bankruptcy To Prosperity In 2023? appeared first on Colombo Telegraph.
- Budget 2023 Will Be The Acid Test Of RW’s Magic Wand (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
- Sri Lanka’s New Government: Be Warned Of The Empty Treasury & Negative Foreign Reserves (Category: Breaking News)
- Bankrupt Sri Lanka Celebrated Independence, But Now It Is Back To Hard Economic Realities (Category: Breaking News)
Speech made November 22 I have consistently recorded my opposition to Minister of Finance being the President. From 2010 onwards in this House, whenever the President in his capacity as Minister of Finance has presented a budget I have recorded that protest and I wish to record that today as well. When a person who […]
- Reconstitution of COPE, COPA in limbo (Category: Breaking News)
- BASL: If 21A fails, that will adversely affect future law reform initiatives (Category: Breaking News)
- Interim Budget passed (Category: Breaking News)
- GL: Govt. not concerned about corruption despite Geneva warning (Category: Breaking News)
Fear of a DDR/IFR event drive rates even higher
- Sri Lanka central bank US$4.0bn in debt by March 2022 (Category: Breaking News)
- Sri Lanka central bank busts US$9.8bn since Feb 2020 to suppress rates, for stimulus (Category: Breaking News)
- Sri Lanka’s Central Bank Governors should be restrained by law, not given independence (Category: Breaking News)
- Sri Lanka will have to print money unless taxes are raised: CB Governor (Category: Breaking News)
[…]The post JR & Expert Advice: Failing To Implement Goh Keng Swee Report Of 1980 appeared first on Colombo Telegraph.
- SC Judgment, Fiscal Philosophy, & Long-Term Decisions For A Brighter Future (Category: Breaking News)
- Sri Lanka’s tragedy and the lost wisdom of D S Senanayake on money printing (Category: Breaking News)
- A Child’s Guide To Currency Boards: Why Did Ceylon Give Up The Currency Board, While Singapore D... (Category: Breaking News)
- Sri Lanka President revises budget amid inflationary blow off (Category: Breaking News)
Currency depreciation inflates an economy and imposes a 'hair cut' on domestic debt by reducing purchasing power
- Sri Lanka 3-month Treasuries yield up 107bp, not all offered bills sold (Category: Breaking News)
- Sri Lanka’s Commercial Bank profits up 73-oct in March 2022 quarter (Category: Breaking News)
- Sri Lanka rejects bids for 2025 bonds, some 2029 bonds sold (Category: Breaking News)
- Sri Lanka Treasuries auction fails over re-structuring fears (Category: Breaking News)
Photo courtesy of Longitude 80 The estate sector, a high foreign exchange earner for the country, is undergoing a severe crisis. On one hand, estate workers are underpaid and forced to live...
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
[…] The post Banks, Fitch Ratings, NPLs & Impairments! appeared first on Colombo Telegraph.
- Banks, Fitch Ratings, NPLs & Impairments! (Category: Breaking News)
- Ministry Of Finance, Economic Stabilization & National Policies (Category: Breaking News)
- An Open Letter To Securities Exchange Commission On MTD Walkers Issue (Category: Breaking News)
- An Open Letter To Securities Exchange Commission On MTD Walkers Issue (Category: Breaking News)
[…] The post Extension Of Retirement Age Is Desirable But Wider Social Security Issues Must Be Addressed appeared first on Colombo Telegraph.
- Extension Of Retirement Age Is Desirable But Wider Social Security Issues Must Be Addressed (Category: Breaking News)
- Extension Of Retirement Age Is Desirable But Wider Social Security Issues Must Be Addressed (Category: Breaking News)
- Extension Of Retirement Age Is Desirable But Wider Social Security Issues Must Be Addressed (Category: Breaking News)
- Child’s Guide To How Ranilnomics Should Be Designed & Implemented (Category: Breaking News)
Photo courtesy of Longitude 80 The estate sector, a high foreign exchange earner for the country, is undergoing a severe crisis. On one hand, estate workers are underpaid and forced to live...
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- Alternative Models to Improve Lives of Estate Workers (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
[…] The post Banks, Fitch Ratings, NPLs & Impairments! appeared first on Colombo Telegraph.
- Banks, Fitch Ratings, NPLs & Impairments! (Category: Breaking News)
- Ministry Of Finance, Economic Stabilization & National Policies (Category: Breaking News)
- An Open Letter To Securities Exchange Commission On MTD Walkers Issue (Category: Breaking News)
- An Open Letter To Securities Exchange Commission On MTD Walkers Issue (Category: Breaking News)
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