Economics

Sri Lanka to Amend Controversial Strategic Development Projects Act by February 2025

  • August 20, 2024

Sri Lanka plans to amend its controversial Strategic Development Projects (SDP) Act by February 2025, according to Treasury Secretary Mahinda Siriwardana. The Act, which has been criticized for granting discretionary tax holidays and making top executives’ salaries tax-free, has drawn scrutiny from the International Monetary Fund (IMF) for exposing the country to potential corruption. In

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Personal Finance

Boosting Savings and Investments: Sri Lanka’s New Financial Initiatives

  • July 16, 2024

In response to the challenge of low savings rates and limited investment opportunities, Sri Lanka is unveiling a series of initiatives aimed at enhancing financial literacy, encouraging savings, and introducing accessible investment products. These measures are designed to empower citizens to secure their financial futures and contribute to the nation’s economic growth. Many Sri Lankans

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