Counterfeit liquor with fake stickers mushroom in market
The foolproof liquor sticker system that was recently introduced by the Excise Department for liquor products to curb mushrooming illicit liquor production is being misused by certain groups to evade Read More »
CSE Highs and Lows
While trading in the bourse continued to be lacklustre during the preceding week, the market was able to record slight gains, following weeks of bloodletting. However, such gains weren’t viewed with m Read More »
Pandora Papers report delayed without cause
The handing over of the report by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) regarding the allegations against Nirupama Rajapaksa and her husband Thirukumar Nadesan, w Read More »
Hamilton an opportunistic speculator or an aggrieved creditor?
On 12 April 2022, Sri Lanka admitted defeat in its fight to maintain its unblemished record of foreign debt serving since independence. With that admission, the Ministry of Finance and Central Bank of Read More »
Fewer apparel orders than anticipated
Amidst internal and external volatilities, export orders received by Sri Lanka’s apparel sector appear to be less than initially anticipated, according to the Joint Apparel Association Forum Read More »
Social Security Tax to further increase food inflation
Retailers warn that the imposition of the new 2.5% Social Security Contribution Tax could negatively affect the prices of staple products, thereby aggravating the inflationary pressures on the public. Read More »
From heartless devil to sympathetic friend
While debates still continue on whether austerity measures and required fiscal budget tightening of the International Monetary Fund (IMF) differ depending on the respective borrower country’s level of Read More »