SRI LANKA'S ECONOMY - THE POSITIVE SIGNALS

samaritan · 1 SRI LANKA'S ECONOMY - THE POSITIVE SIGNALS Sat Apr 02, 2016 9:25 am

samaritan

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'We want to bring forward the economy without burdening the people of the country'
-Ravi K-
connected news: 'VAT Hike Deferred'

(Tax amendments that were to come into effect from 01st April 2016 has been postponed).

'We commend the Govt of Sri Lanka for its positive policies towards China and seek to take ties with Lanka to new height with PM's visit'.
-Chinese Foreign Ministry Spokesperson-
(source: 'Weekend FT' of today)

In my opinion the Govt will receive sufficient assistance from China, India and Japan to overcome the present economic crisis in the form of investments for mutual benefits in addition to IMF loans but without the strict dictates in relation to fiscal & monetary parameters usually placed by IMF.

The resulting impact on CSE ought to be positive.

Teller · 2 Re: SRI LANKA'S ECONOMY - THE POSITIVE SIGNALS Sat Apr 02, 2016 10:15 am

Teller

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See once again Ravi K proved his inability. He just propose only . he gives reasons & he propose taxes. Now he says its to be postponed. It's going to finish 2 years but nothing happened.

samaritan · 3 Re: SRI LANKA'S ECONOMY - THE POSITIVE SIGNALS Sat Apr 02, 2016 10:57 am

samaritan

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Teller wrote:See once again Ravi K proved his inability. He just propose only . he gives reasons & he propose taxes. Now he says its to be postponed. It's going to finish 2 years but nothing happened.

True Teller, but he seems committed to up lift the economy and clear his lapses of the recent past. Agree that there has been a lot of trial and errors in the process, but being egoistic he is capable of turning things around as well.

worthiness · 4 Re: SRI LANKA'S ECONOMY - THE POSITIVE SIGNALS Sat Apr 02, 2016 1:33 pm

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With regard to tax matters, ministry is facing a critical time as discussions are held for financing sourcing with top Asian nations. There is a time lag & intervals in receiving proposed source of funds. Whatever, since IMF insists on tax reforms government cannot put aside or postpone the conditions agreed upon.