Category: Economy
False social media posts claim the President and other ministers stole $2.5 million!
Subscribe to our WhatsApp Channel The alleged cyberattack involving unauthorized access to the computer system of the Ministry of Finance’s Department of Foreign Resources and the reported misappropriation of USD 2.5 million has emerged as a prominent national concern in recent days. Alongside this, a significant volume of related content, much of it unverified and […]
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Trump’s Tariff Letter to Sri Lanka: Real or Fake?
Subscribe to our WhatsApp Channel In a move to reduce the trade deficit with the US, President Donald Trump has been announcing new tariff percentages for many countries that import goods into the US. In this background, a letter addressed to Sri Lankan President Anura Kumara Dissanayake has been widely shared, which talks about the […]
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Can a DSA Agreement with IMF be Renegotiated?
Subscribe to our WhatsApp Channel Sri Lanka recently signed a Debt Sustainability Analysis (DSA) agreement under the International Monetary Fund’s (IMF) guidance. As the upcoming elections approach, there has been significant social media discussion about the possibility of renegotiating this agreement. Our investigation delves into whether a DSA agreement can indeed be renegotiated. Social Media […]
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Is Sri Lanka the only country in recent history to have its debt restructured within a two-year period after announcing default status?
In a recent address to the nation, Sri Lankan President Ranil Wickremesinghe hailed the country’s rapid progress in debt restructuring as a truly exceptional feat. He underscored that the transformation from a ‘bankrupt’ state to successful debt restructuring within two years was a remarkable victory that stands out in recent history. The president’s address to […]
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Is Sri Lanka introducing a new imposed rental income tax on all owner-occupied and vacant residential properties from April 2025?
Subscribe to our WhatsApp Channel After recovering from its most severe economic crisis since gaining independence, Sri Lanka has implemented numerous economic reforms and taxation measures to stabilise its economy. However, during this challenging period, social media has become a breeding ground for misleading posts and misinformation about these reforms. This misinformation has contributed to […]
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Since President Wickremesinghe assumed office in July 2022, Sri Lanka has repaid approximately $2 billion in debt.
Subscribe to our WhatsApp Channel Sri Lanka has been steadily recovering from the most severe economic recession in its post-independence era, achieving tangible and relative stability. However, this progress is being undermined by misleading social media campaigns that degrade the country’s efforts and misinform the public about the actual state of recovery. Social Media Posts […]
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Contrary to Misleading Claims, World Bank Forecasts Slight Reduction in Sri Lanka’s Poverty Rate in 2024!
Subscribe to our WhatsApp Channel During the tenure of former President Gotabaya Rajapaksa, Sri Lanka experienced its worst economic crisis in its post-independence history. The situation was exacerbated by policy decisions attributed to the Rajapaksa brothers, who held prominent positions in the government. The Supreme Court of Sri Lanka ruled them responsible for these decisions. […]
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Sri Lanka Government Has NOT Decided Yet To Allow Motor Vehicle Importation
දිනපතා සත්ය කරුණු දැන ගැනීමට අපගේ WhatsApp සමුහයටමෙතනින් එකතුවන්න. Sri Lanka imposed a vehicle importation ban a few years ago amid a severe economic crisis and declining dollar reserves. While the economy is on the path to recovery with the removal of import restrictions on some of the items, the ban on vehicle imports persists. […]
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Misleading Allegations About Gas Price Fluctuations Before & After Aragalaya!
දිනපතා සත්ය කරුණු දැන ගැනීමට අපගේ WhatsApp සමුහයටමෙතනින් එකතුවන්න. Sri Lanka is currently grappling with a severe economic crisis, prompting the government to implement measures like tax increases to boost state revenue. As a consequence, the domestic gas price has also surged, driven in part by a recent Value Added Tax (VAT) increment and some […]
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