Tag: lbo
Eran exposes SL’s plight of human capital flight; Govt. not bringing any solution to preserve health sector
Eran Wickramaratne, Member of Parliament of the Samagi Jana Balavegaya, accused the government of not bringing any solution or alternative arrangements to preserve the health sector of the country as it asserts the right to life of the citizens. Though the health sector now faces a brain drain with increasing numbers of the sector fleeing […]
Harsha proposes tax reforms to relieve burden on middle class and professionals
MP Harsha de Silva’s Tax Reform Proposal: Simplify PAYE tax structure and introduce surcharge.Surprising Revenue Figures: PAYE collection surpasses expectations, while PIT falls short.Inequality in Tax Burden: Current system disproportionately impacts middle-class professionals.MP’s Evidence-Based Approach: Proposed reforms aim to balance government revenue and reduce the tax burden.Combatting Tax Fraud: Efforts to address LKR 60 billion […]
‘s 16-point prescription for reform
In a scathing indictment of Sri Lanka’s governance landscape, the International Monetary Fund (IMF) has handed down a damning verdict. MP Harsha de Silva, speaking at Wednesday’s parliament session, highlighted the gravity of the situation as he discussed the contents of the IMF’s Governance Diagnostic Assessment report. Verdict is clear: corruption has permeated every level […]
SLT-DIGITAL services and Surge Global forge strategic partnership
SLT-DIGITAL Services, the marketing services and digital engagement solutions arm of SLT-MOBITEL group, has entered into a strategic partnership with Surge Global, a technology and marketing consulting company founded in Sri Lanka, to empower local enterprises, to drive growth marketing and develop enterprise software solutions. The SLT-DIGITAL and Surge Global collaboration aims to help businesses […]
Integrated water resources development: Way forward for Sri Lanka to tackle climate crisis
The last time El Niño affected Sri Lanka, between 2016 and 2017, more than 2 million people were affected—first by flooding and landslides, and then by a severe drought. 19 out of 25 districts were hit hard, decimating two harvest seasons, and creating water scarcity for agriculture, drinking and household use. El Niño currently in […]
””; Outlook stable
S&P Global Ratings today raised its long- and short-term local currency sovereign credit ratings on Sri Lanka to ‘CCC+/C’ from ‘SD/SD’ (selective default). At the same time, we affirmed our ‘SD/SD’ long- and short-term foreign currency ratings. The outlook on the ‘CCC+’ long-term local currency rating is stable. We also raised the issue rating on […]
CB Governor of Viet Nam compliments improvement of Sri Lankan economy
The Governor of the Central Bank of Viet Nam, known as State Bank of Viet Nam (SBV), Nguyen Thi Hong, expressed optimism and encouraging sentiments about the improvement of the economy of Sri Lanka during the last 12 months, when the Ambassador of Sri Lanka to Viet Nam Prof. A. Saj U. Mendis met her […]
‘s online safety bill: Regressive overreach stifling investment and freedom of speech
● Tech Investment Threatened: Risk of deterring tech investments in Sri Lanka. Draconian Legislation: An archaic and draconian bill that overreaches. ● Truth Determination: Commission to decide truth and falsehood – a questionable move. ● Global Tech Giants: Major tech companies unlikely to accept such laws. ● Lacking Foresight: Ignoring future tech advancements like AI. ● Investment vs. Freedom: The contradiction between investment and freedom of […]
IIRM Lanka Insurance Brokers Pvt Ltd achieves remarkable market share growth locally
IIRM Lanka Insurance Brokers Private Limited proudly announces its outstanding achievement in the Sri Lankan insurance market, securing an impressive market share in both the long-term and general insurance segments. IIRM Lanka Insurance Brokers Private Limited commands a market share of 21.13% in the Long-term Insurance sector and 6.34% in the General Insurance Business, amounting […]
Opinion: From education to employment, Understanding the gender gap in the workforce
Thathsarani Siriwardana The issue of female labor force participation in Sri Lanka has remained a subject of discussion for several decades, yet tangible progress in improving it has been elusive. As the country grapples with its most severe economic crisis since gaining independence,it is important to take a hard look at our labour force to […]
Ceylon Chamber welcomes SVAT repeal deferment
The Ceylon Chamber of Commerce (CCC) expresses its appreciation to the Government and to the President in particular for the decision taken to postpone repeal of the SVAT scheme. The Bill provided to repeal the Simplified Value-Added Tax Scheme (SVAT) effective from January 1, 2024. This raised several concerns among various sectors, including exporters registered […]
UN HR Commissioner says, Call for historic transformation is far from being realised in Sri Lanka
Sri Lanka suffers from a continuing accountability deficit – be it for war crime atrocities, more recent human rights violations, corruption, or abuse of power – which must be addressed for the country to move forward, according to a UN Human Rights Office report published on Wednesday. “More than a year ago mass protests demanded better governance […]