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Sri Lanka's consumer price inflation rate jumped to 4.2% year-on-year in December driven by rising food prices, official data showed on Monday, although it remains well below record high levels seen at the height of the country's financial crisis.The post Rising food prices drive Sri Lanka inflation up to 4.2% in December appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Sri Lanka consumer price inflation eases to 53.2% in January but impulses still persist (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 50.6% in February (Category: Breaking News)
- Sri Lanka’s July consumer inflation more than halves to 4.6% (Category: Breaking News)
Japan on Saturday became the fifth country to put a spacecraft on the moon, but solar power issues threatened to cut short the nation’s mission to prove a “precision” landing technology and revitalise a space programme that has suffered setbacks.The post Japan makes history, becoming fifth country to land spacecraft on moon appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories...
- Japan’s ‘Moon Sniper’ makes historic lunar landing (Category: Breaking News)
- Japan makes history, becoming fifth country to land spacecraft on moon (Category: Breaking News)
- Japan moon probe enters lunar orbit, on target to become fifth country to achieve landing on Jan... (Category: Breaking News)
- Moon landing today: US clinches first touchdown in 50 years (Category: Breaking News)
by Dr Amali Wedagedara In Sri Lanka, public policy lost in the neoliberal haze treats the market as a cure for all ills. Not only is the market omnipresent, but it is also omniscient and omnipotent. The charm of the ‘market’ that research and advocacy lobbyists are creating is so alluring that only a few […]
- IMF-led privatisation, land and resource grab in Sri Lanka (Category: Breaking News)
- Taming the ‘monsters’ (Category: Business)
- Dr. Nicholas advises Lanka against swallowing IMF dope (Category: Breaking News)
- Sri Lanka’s crisis seen as highlighting lessons from Greece (Category: Breaking News)
… USD 5 mn paid to Iran a month By Shamindra Ferdinando Power and Energy Minister Kanchana Wijesekera has confirmed that consumers of petrol and diesel have been made to pay Rs. 50 to Rs. 55 per litre since the middle of last year to settle what the Ceylon Petroleum Corporation (CPC) owed its creditors. […]
- SJB unionist: IOC and Sinopec benefit from special levy on fuel to recover CPC losses (Category: Breaking News)
- Govt. flayed for jacking up fuel prices despite Rs 120 bn profit since last Sept. (Category: Breaking News)
- CPC reduces price of petrol and diesel (Category: Breaking News)
- SJB questions Kanchana over suspension of fuel pricing formula, USD 3 bn debt to suppliers (Category: Breaking News)
By Sanjeewa Jayaweera The headline on page one of the Sunday Island of 07 January 2024 read, “CBSL Governor urges public to become informants to boost tax revenue.” The article was based on an interview with Governor Nandala Weerasinghe (NW) hosted by the President’s Media Centre. NW is quoted to have said, “If the public […]
- CBSL Governor urges public to become informants to boost tax revenue (Category: Breaking News)
- Opening tax files for everyone over 18: IRD officials point out difficulties, costs (Category: Breaking News)
- Efficient tax administration critical to generating expected revenue (Category: Breaking News)
- Harsha finds many drawbacks in VAT system, ‘including lot of confusion even at highest echelons’ (Category: Breaking News)
By Saman Indrajith Forty-eight-year-old Batticaloa District MP Sivanesathurai Chandrakanthan, popularly known as Pillayan, has been shaping the Eastern Province’s political narrative since he was a teenager. He was just 16-years old when he joined the LTTE in 1990 as a child soldier. Since then, he continued to rise in the ranks of the LTTE until […]
- Lanka needs a national liberation movement, not mere regime change:Anura Kumara Dissanayake (Category: Breaking News)
- R. Sampanthan: ‘We cannot go on like this’ (Category: Breaking News)
- Ranil likely to go for presidential poll first – sources (Category: Breaking News)
- Minister warns of emerging racism ahead of elections (Category: Breaking News)
Regressive government policies and inadequate social protection left many Sri Lankans at risk from the worst effects of the country’s economic crisis, Human Rights Watch said in its World Report 2024. The Government of President Ranil Wickremesinghe continued to repress freedoms of expression and association, and pursue policies that discriminate against minority communities. “Millions of […...
- Ranil urged to adopt measures to protect basic rights (Category: Breaking News)
- Sri Lanka accused of misusing Official Secrets Act (Category: Breaking News)
- Rights group accuses Sri Lanka of cracking down on dissent (Category: Breaking News)
- Rights group urges Sri Lanka to withdraw rehabilitation bill (Category: Breaking News)
[…]The post Wickremesinghe Govt. Continues To Repress Freedoms Of Expression & Pursue Policies Against Minorities: HRW appeared first on Colombo Telegraph.
- Sri Lanka: IMF / World Bank – Systemic Reforms Needed (Category: Breaking News)
- Tamils Detained For Commemorating War Dead: 9 Held Under Abusive PTA (Category: Breaking News)
- Sri Lankan Govt. Should Withdraw Draft ‘Rehabilitation’ Law: Human Rights Watch (Category: Breaking News)
- Sri Lanka’s Proposed Internet Law Threatens Upcoming Elections (Category: Breaking News)
Former President Mahinda Rajapaksa has been accused of busting taxpayers’ money to go partying with a group of Sri Lanka Podujana Peramauna (SLPP) MPs on two dredging vessels of the Sri Lanka Ports Authority. Over 25 MPs and their families, including former President Mahinda Rajapaksa, were seen boarding the vessels to attend the party on […]
- SLPP decides to vote in support of 2024 budget (Category: Breaking News)
- SLPP denies claims MR is to be appointed PM (Category: Breaking News)
- CID grills Mahinda over attack on peaceful demonstrators (Category: Breaking News)
- Mahinda insists he cannot contest next presidential polls (Category: Breaking News)
[…]The post Israel Versus Palestinians: Thank God For South Africa’s Boldness appeared first on Colombo Telegraph.
- ICJ Ruling On Israeli Genocide In Gaza; Stopped Short Of Ordering A Ceasefire (Category: Breaking News)
- Partial West & Shameful Muslim Leaders Complicit In Israel’s War Crimes In Gaza (Category: Breaking News)
- Disturbing Echoes Of The Last Phase Of The Civil War In Sri Lanka & The Treatment Of Palestinian... (Category: Breaking News)
- Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? (Category: Breaking News)
Sri Lanka’s Finance Ministry has instructed officials to establish dedicated counters at every Divisional Secretariats for the issuance of Taxpayer Identification Number (TIN) for individuals aged 18 and above.The post Sri Lanka to establish separate counters to issue TIN at divisional secretariats, public places appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Bilingual services at Sri Lanka's divisional secretariats (Category: Breaking News)
- Two more DSDs for Hambantota (Category: Breaking News)
- Sri Lanka decides to accept Passport applications online (Category: Breaking News)
- Hotline number to lodge complaints pertaining officials of District & Divisional Secretariats (Category: Breaking News)
[…]The post Ways & Means: If There Is A Will, There Is A Way appeared first on Colombo Telegraph.
- Are We Bold Enough For A Radical Change? (Category: Breaking News)
- The Law’s Delays (Category: Breaking News)
- A Matter Of Scale (Category: Breaking News)
- Elementary, My Dear Watson (Category: Breaking News)
[…]The post Is VAT, A Payment For Past Sins Or A Bitter Pill To Swallow? appeared first on Colombo Telegraph.
- SL Debt Justice Collective Writes Open Letter To IMF On DDO (Category: Breaking News)
- Why is Singapore dollar strong and SL rupee weak? (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
- SL Stands For Sheep Loom: Obedience Above Intelligence (Category: Breaking News)
ECONOMYNEXT –Central Bank Governor Nandalal Weerasinghe urged the public to become informants to broaden the tax net and thus reduce both overall direct and indirect taxes. The government has raised Value Added Tax (VAT), an indirect tax to 18 percent from 15 percent with effect from January 1. The move also will see some VAT […]
- SHOULD WE BE INFORMANTS TO BOOST TAX REVENUE? (Category: Breaking News)
- Tax payers look to tighten belts further or migrate as progressive taxes bite (Category: Breaking News)
- Sajith defends progressive taxation, highlights inequality (Category: Breaking News)
- Death and taxes: inevitabilities of life (Category: Breaking News)
Explosives hidden in ‘fly-away-kit’ in cargo hold by Menaka Akshi Fernando “Every May 3, for the past 34 years, like a bunch of anxious surfers, we catch the rising wave of grief, glide on the intensifying emotions for a while and fall back to our senses as the wave of reality breaks. Although words can […]
- Unleashing magicical moments (Category: Breaking News)
- What to do with Mattala Rajapaksa International Airport? (Category: Breaking News)
- Dinara, Methwan, Achinthya to fight for final spots today (Category: Breaking News)
- Hambantota’s “white elephant” records 10th cruise ship visit (Category: Breaking News)
After the increase in VAT from January 01, 2024, the overall construction expenses have increased by 20%, Chairman of the National Construction Association of Sri Lanka M.D. Paul said.The post Construction expenses in Sri Lanka rise by 20% after VAT hike appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Supplementary (Category: Business)
- Sri Lanka government relieves Central Cultural Fund from VAT due (Category: Breaking News)
- Spending Cuts (Category: Business)
- Sri Lankan government takes action to minimize expenses in public sector (Category: Breaking News)
[…]The post Sri Lanka 2023: Bouquets & Brickbats appeared first on Colombo Telegraph.
- The Ultimate Betrayal; Ranil’s Last Hurrah! (Category: Breaking News)
- President RW’s Priority In 2023 (Category: Breaking News)
- Rise & Fall Of Nationalism In North & South (Category: Breaking News)
- India-Sri Lanka Economic Partnership & Ethnic Reconciliation (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe, issued an Extraordinary Gazette today (January 03) declaring the provision of several services in the country as essential services.The post Sri Lanka President issues gazette declaring several services as essential services appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka President signs gazette declaring several services as essential (Category: Breaking News)
- Health, electricity and petroleum gazetted as essential services in Sri Lanka (Category: Breaking News)
- Sri Lanka declares health, petroleum, and electricity services as essential (Category: Breaking News)
- Electricity and Fuel supply declared as essential services in Sri Lanka (Category: Breaking News)
By Shamindra Ferdinando Even after imposing 18 percent Value Added Tax (VAT) on fuel with effect from January 1, the government continued to charge Rs 50 on a litre of both petrol and diesel purportedly to recover losses incurred by the highly corrupt state owned Ceylon Petroleum Corporation (CPC
- Govt. increased fuel prices to please Sinopec – Trade unionist (Category: Breaking News)
- Govt. flayed for jacking up fuel prices despite Rs 120 bn profit since last Sept. (Category: Breaking News)
- VAT on fuel already subjected to several taxes unfair – SJB trade union wing (Category: Breaking News)
- SJB union boss says SL losing bunkering and lubricant markets to India, China (Category: Breaking News)
Gas and fuel prices have been increased in Sri Lanka with effect from today, 1st January. Litro said that the price of a 12.5 kg domestic gas cylinder has been increased by Rs. 685, the price of a 05 kg cylinder has been increased by Rs. 276 and the price of a 2.3 kg cylinder […]
- Fuel prices revised (Category: Breaking News)
- CPC, LIOC and Sinopec increase fuel prices (Category: Breaking News)
- Litro increases domestic gas prices (Category: Breaking News)
- Laugfs reduces the price of domestic gas (Category: Breaking News)
Fuel prices in Sri Lanka have been revised with effect from midnight on December 31, 2023.The post Sri Lanka revises fuel prices from December 31, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka revises fuel prices from July 31, 2023 (Category: Breaking News)
- Sri Lanka increases fuel prices from August 31, 2023 (Category: Breaking News)
- Sri Lanka revises fuel prices from October 31, 2023 (Category: Breaking News)
- Sinopec Lanka announces retail fuel prices for Sri Lanka (Category: Breaking News)
Sri Lanka’s inflation rose to 4.0 percent in December, the third consecutive monthly rise as the cash-strapped nation was set to increase taxes from the New Year.The benchmark Colombo Consumer Price Index jumped by 1.7 points to reach 195.1, or a 4.0 percent increase compared to a year ago when inflation was 57.2 percent. The […]
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
Fuel demand in Sri Lanka has decreased by 50% during the current Christmas season compared to 2022, President of the Fuel Station Owners Association, Kumara Rajapaksa said on Thursday (December 28).The post Sri Lanka’s Fuel demand decreased by 50% in 2023 compared to 2022 appeared
- Filling stations experience sharp drop in fuel sales (Category: Breaking News)
- Fuel consumption in Sri Lanka drops 50% in December (Category: Breaking News)
- Fuel consumption drops by 50% (Category: Breaking News)
- First two Sinopec fuel shipments to arrive in Sri Lanka in August (Category: Breaking News)
Education of about 54.9 percent of Sri Lankan students has been affected by the economic crisis since March 2022, the latest Household Survey on Impact of Economic Crisis – 2023 by the Department of Census and Statistics reveals. Out of the respondents surveyed 93.5 percent have adopted at least one strategy to counter the impact […]
- More than a quarter of Lankans living in poverty – World Bank (Category: Breaking News)
- WFP finds 32 percent of Lankan households are food insecure (Category: Breaking News)
- Nearly 6 million Lankans need humanitarian assistance – Red Cross (Category: Breaking News)
- Poverty has increased from 11% to 26% during past four years (Category: Breaking News)
The demand for fuel during the current Christmas season had decreased by 50% compared to that in 2022, President of the Fuel Station Owners Association, Kumara Rajapaksa said on Thursday (28). The number of vehicles arriving at gas stations had dropped, and the amount of fuel dispensed
- Gas muzzlers (Category: Technology)
- Why 'feed' a car? (Category: Technology)
- 'Miracle material' (Category: Technology)
- Gas Only (Category: Business)
Fuel and Gas will be exempted from the Port and Airport Levy when imposing the Value Added Tax (VAT) from January 01, 2024, Tax Advisor of the Ministry of Finance, Thanuja Perera said today (December 28).The post Sri Lanka to remove 7.5% Port and Airport tax from Fuel & Gas but add 18% VAT
- Sri Lanka to increase VAT to 18% (Category: Breaking News)
- Sri Lanka Government waives all duties on imported raw material for locally-made sanitary napkins (Category: Breaking News)
- CBSL Governor urges public to become informants to boost tax revenue (Category: Breaking News)
- Social Security Contribution Tax will increase Value Added Tax to 20% – Anura (Category: Breaking News)
වෙනත් වර්ෂවලට සාපේක්ෂව මෙවර උත්සව සමයේ ඉන්ධන පාරිභෝජනය සැලකිය යුතු ලෙස අඩු වී ඇති බව ඛනිජ තෙල් බෙදුම්කරුවන්ගේ සංගමය පවසයි.
The Ceylon Petroleum Corporation (CEYPETCO), Lanka Indian Oil Corporation (LIOC) and Sinopec Energy Lanka have been directed to maintain 50% of their relevant fuel stocks, at minimum, at all filling stations.
The Inland Revenue Department yesterday (21) issued the list of goods and services that would be exempted from the enhanced Value Added Tax (VAT) regime that comes into effect from 01 January 2024. The list of items included Wheat and wheat flour; infant milk powder; Pharmaceutical Products and Drugs (other than cosmetics) whose end use […]
- Tech Focus (Category: Business)
- Mobile Awareness (Category: Business)
- Tele Tracks (Category: Business)
- Post Loss (Category: Business)
[An article based on the Keynote Address delivered by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, recently at the Annual Research Symposium 2023 of the University of Colombo] Introduction Inflation affects every aspect of our lives; it is a force that shapes our purchasing power, influences our financial decisions, and […]
- Nexus between money, exchange rate, money printing and inflation (Category: Breaking News)
- ‘SL’s inflation reduced to single digit levels in 2023 along with restoration of price stability’ (Category: Breaking News)
- High interest rates have prevented contraction of economy – CBSL Governor (Category: Breaking News)
- CB eases monetary conditions by reducing its interest rates (Category: Breaking News)
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