Page 9 - Uditha Jayasinghe News Today

Maldives will use diplomacy to ensure there is no foreign military presence on its soil, its new president said on Friday, reaffirming his support for the departure of a small Indian force from... -November 17, 2023 at 08:31 am EST - MarketScreener

Sri Lanka's top court ruled on Tuesday that former President Gotabaya Rajapaksa and his brother, former Prime Minister Mahinda, were among several government officials whose conduct contributed to the country's worst economic crisis in decades. The court was ruling was on a petition filed against 13 former officials by rights group Transparency International Sri Lanka (TISL) which said the Rajapaksa brothers and others were responsible for the crisis.

COLOMBO (Reuters) -Sri Lanka's consumer price inflation rate eased to 0.8% year-on-year in September from 2.1% in August, the statistics department said on Monday. The National Consumer Price Index captures broader retail price inflation and is released with a lag of 21 days every month. Sri Lanka experienced record high inflation after its economy was pummelled by the worst financial crisis in decades.

Sri Lanka President Ranil Wickremesinghe will seek to boost tax revenue and rationalise spending in the government’s second full-year budget on Monday, targeting a return to growth for the... -November 09, 2023 at 04:38 am EST - MarketScreener

Sri Lankas cabinet approved a hike in Value Added Tax up to 18% from the current 15% with effect from Jan. 1, 2024, said Transport Minister Bandula Gunawardana. State tax revenue of... -October 31, 2023 at 03:33 am EDT - MarketScreener

Sri Lanka has invited bids for state-run carrier SriLankan Airlines as the island nation looks to reduce losses incurred by government-owned enterprises under a $2.9 billion International Monetary Fund (IMF) programme. The South Asian country secured a staff level IMF agreement on the first review of its bailout recently but it still needs approval from the IMF's Executive Board. The airline, one of Sri Lanka's biggest loss-making state enterprises, has struggled in recent years with...

Sri Lankas key inflation rate rose to 1.5% in October from 1.3% a month ago, the statistics department said on Tuesday. The Colombo Consumer Price Index, a leading indicator for broader... -October 31, 2023 at 05:36 am EDT - MarketScreener

Maldives has started negotiations with India to remove its military presence, President-elect Mohamed Muizzu said in an interview published by Bloomberg News on Friday, as New Delhi and Beijing both vie for influence in the region. Muizzu said in the interview he had already begun negotiations with the Indian government on removing its military presence, calling those talks “very successful already.” “We want a bilateral relationship that’s mutually beneficial,&#x20...

Sri Lankas apparel export earnings slumped by $900 million in the first nine months this year, an industry association said on Friday, as slowing global demand undermines a mainstay of the struggling... -October 27, 2023 at 02:13 am EDT - MarketScreener

Sri Lanka's cabinet approved issuing free tourist visas to visitors from seven countries including China, India and Russia, a statement issued by the media ministry said on Tuesday, to boost tourism and help revive its crisis-hit economy. Tourists from China, India, Russia, Japan, Thailand, Indonesia, and Malaysia will be issued free visas till March 31, 2024 under a pilot programme, the statement detailing cabinet decisions said. The scheme is part of attempts by Sri Lanka to boost touri...