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Interim Budget or Secret Budget?
The Ministry of Defense was specified as an implementing agency for two reasons. 1) to establish STEM focused branch campuses. STEM refers to approach of learning that integrates the areas of science, technology, engineering and mathematics. 2) to eliminate corruption through the means of technology infused systems. See the infographic below for more...
Featured Insight
Interim Budget or Secret Budget?
The Ministry of Defense was specified as an implementing agency for two reasons. 1) to establish STEM focused branch campuses. STEM refers to approach of learning that integrates the areas of science, technology, engineering and mathematics. 2) to eliminate corruption through the means of technology infused systems. See the infographic below for more...
Featured Insight
Interim Budget or Secret Budget?
The Ministry of Defense was specified as an implementing agency for two reasons. 1) to establish STEM focused branch campuses. STEM refers to approach of learning that integrates the areas of science, technology, engineering and mathematics. 2) to eliminate corruption through the means of technology infused systems. See the infographic below for more...
Featured Insight
Interim Budget or Secret Budget?
The Ministry of Defense was specified as an implementing agency for two reasons. 1) to establish STEM focused branch campuses. STEM refers to approach of learning that integrates the areas of science, technology, engineering and mathematics. 2) to eliminate corruption through the means of technology infused systems. See the infographic below for more...
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Sri Lanka’s debt negotiations stall over GDP growth projections and repayment terms – Nishan de Mel
In a recent televised interview, Nishan de Mel, the Executive Director of Verité Research, highlighted the significant concerns raised by holders of Sri Lanka’s International Sovereign Bonds (ISBs) regarding the country's de...
2024-04-20
The Island
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1Q tourism earnings top $ 1 b
Sri Lanka's tourism industry has experienced a robust upswing, achieving a significant milestone by surpassing $1 billion in earnings during the first quarter of 2024. This remarkable feat marks a striking 103% increase compared to the same period last year, showc...
2024-04-08
Daily FT
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Gross official reserves just shy of US$ 5bn
In March, Sri Lanka's Central Bank reported its highest gross official reserve assets in over three years, reaching US$ 4,951 million, up from US$ 4,520 million the previous month. This recovery was driven by increased inflows from remit...
2024-04-08
Daily Mirror
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Sri Lanka's debt repayments to be suspended until 2028
Sri Lanka and its creditors, led by Japan, are finalizing negotiations to suspend debt repayments until 2028, aiming to prevent China's influence from expanding on the debt-ridden island. The repayment period will extend from 2028 to 204...
2024-04-06
Nikkei Asia
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IRD defaulted taxes surpass Rs. 1 trillion
The Committee on Ways and Means disclosed that by the end of 2023, default taxes owed to the Sri Lankan Government had surpassed Rs. 1 trillion, with the Inland Revenue Department (IRD) accounting for a significant portion. Out of this, the...
2024-04-05
The Morning
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