Centre for Policy Alternatives challenges tax amnesty bill in SC

The Centre for Policy Alternatives (CPA) and its Executive Director Dr. Paikiasothy Saravanamuttu yesterday filed a Petition in the Supreme Court (SC SD 28/2021) challenging the proposed Finance Bill, which was placed on the order paper of Parliament on 20 July.

https://www.ft.lk/front-page/Centre-for-Policy-Alternatives-challenges-tax-amnesty-bill-in-SC/44-720884

Daily FT

2021-07-27

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SriLankan loses Rs. 12.9 b in Q1

SriLankan Airlines recorded a Rs. 12.9 billion net loss in Q1 FY25, driven by cash flow challenges, legacy issues, and financial costs from past debt. ...

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SL pays $ 503 m for 1H debt servicing

By June 2024, Sri Lanka's external debt had reached $37.5 billion, with $8.19 billion in unpaid debt service accumulating since the April 2022 debt standstill on bilateral and commercial loans.

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Workers’ remittances decline in September

In September 2024, Sri Lanka’s remittances reached $556 million, tourism earnings were $181 million, and gross official reserves rose to $6 billion, covering 3.9 months of imports.

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