Lack of Budget Credibility a Significant Challenge to the 2022 Budget With Intensification of the “Closed” Culture, Says Verité Research
Verité Research’s BudgetPromises dashboard on the PublicFinance.lk platform sheds light on two questions aboutSri Lanka’s budget: “is the Government doing what it is saying?” and “is the Government saying whatit…
International community strikes a ground-breaking global minimum corporate tax rate sans Sri Lanka and three others
Major reform of the international tax system finalised yesterday at the OECD will ensure that Multinational Enterprises (MNEs) will be subject to a minimum 15% tax rate from 2023. The…
Sri Lanka food crisis: Forex dips to risky levels. Can Colombo avoid IMF?
Sri Lanka is experiencing acute food emergency. Long food queues are seen even in Colombo neighbourhoods amid tight lockdown measures. Shelves at government-run supermarkets are running low – some even…
Sri Lanka’s SME Business sentiment remains pessimistic in June
Business sentiment among Sri Lanka’s small and medium-sized enterprises (SMEs) remained pessimistic with an overall score of 36.3 out of 100, ‘SME pulse’ survey conducted by Sri Lanka@100. SME pulse computes…
The Ceylon Chamber of Commerce to conduct the National SME Forum 2021
In an effort to support all players in the SME Eco-system, the Ceylon Chamber of Commerce has organized a National SME Forum in collaboration with public, private, and Non-Governmental sector…
CSE envisages transforming to a multi-product securities exchange before 2025
The 35-year-old Colombo Stock Exchange (CSE) set eyes to take a quantum leap – towards a much more comprehensive and multi-product securities exchange before 2025 in catching up with lost…
Bangladesh Offers $500M Lifeline to Sri Lanka ahead of $1B Dollar Bond Maturity
In a first for Bangladesh, the country has extended a lifeline of sorts to the beleaguered Sri Lankan economy, offering to top up the island nation’s depleting foreign reserves by…
No more tax tricks! Global minimum tax for corporations could raise 100 billion
What may seem impossible to employees is common practice for multinationals: they shift their profits around the world until they no longer have to pay taxes on them. A global minimum tax…