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The Board of Investment of Sri Lanka (BoI) (Sinhala: ශ්රී ලංකා ආයෝජන මණ්ඩලය Shri Lanka Ayojana Mandalaya) is the investment promotion agency of Sri Lanka. It was established in 1992, expanding the scope of the Greater Colombo Economic Commission (GCEC) which was formed in 1978. [ 2 ]
The Sri Lankan economic crisis [8] is an ongoing economic crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [ 9 ] It has led to unprecedented levels of inflation , near-depletion of foreign exchange reserves , shortages of medical supplies, and an increase in prices of basic ...
Taxation in Sri Lanka mainly includes excise duties, value added tax, income tax and tariffs. [1] Tax revenue is a primary constituent of the government's fiscal policy . The Government of Sri Lanka imposes taxes mainly of two types in the forms of direct taxes and indirect taxes.
Sri Lanka’s total debt exceeds $83 billion, of which $41.5 billion is foreign an Sri Lanka's Cabinet approves a domestic debt restructuring plan in effort to solve economic crisis Skip to main ...
COLOMBO (Reuters) -Sri Lanka on Saturday invited Japan to resume investment in projects including power, roads and ports as the Japanese foreign minister wrapped up the first high-level visit to ...
[17] [18] Sri Lanka's credit was also downgraded as a result of the crisis, [19] [20] while the United States and Japanese governments froze more than a billion US dollars worth of development aid. November saw industrial activity in Sri Lanka slow as a result of the crisis, falling 3.7% from October to November, the largest seen since it began ...
Gotabaya Rajapaksa, a Sri Lankan politician and former military officer who served as the 8th president of Sri Lanka from 2019 to 2022, initiated a self-imposed exile on 13 July 2022, following widespread protests led by civilians demanding his resignation, triggered by extensive discontent over his handling of the country's economic crisis.
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