Dissanayake’s indication that he would not pay the proposed salary hike is a clear signal to the IMF that his regime abides ...

Sri Lanka is an island nation in the Indian Ocean ... The country has had to exchange much of its own currency for dollars to pay for imported goods, and that has led to the depreciation of ...

Earlier this year, Sri Lanka introduced major changes to the Value Added Tax ... The bottom 10% of households now pay around 10% of their income as VAT, up from 6% under the previous VAT system ...

Background Sri Lanka has a new President. One of his most important tasks will be to restore the trust of the nation’s ...

Sri Lanka's new president, Anura Kumara Dissanayake, has taken office amid an economic crisis. His administration faces such ...

Sri Lanka is in the middle of reforms and a debt ... of the wealthy and those with connections with the authorities don't pay their taxes and the burden is borne by the middle classes and the ...

At the heart of Sri Lanka's economic woes is that the country is heavily reliant on imports but has been burning through the foreign currency reserves it needs to pay for them. The economy ...

a Sri Lanka-like collapse there would be devastating. U.S. policy-makers, including central bankers at the Federal Reserve, must pay attention to these global developments. Volcker’s deft ...

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently paid tribute to three distinguished Chartered Accountants for their remarkable contributions to the corporate ...

Ambassador of Sri Lanka to Thailand and the Permanent Representative to UNESCAP Wijayanthi Edirisinghe visited the Wat Vajirathammaram in Ayutthaya recently and attended a ceremony to pay obeisance to ...

This town in Sri Lanka's highlands has a vibrant culture and rich history. It features temples and resorts that promote ...