Category: Economy

Since President Wickremesinghe assumed office in July 2022, Sri Lanka has repaid approximately $2 billion in debt.

Fact Crescendo TeamLeave a Comment on 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!

Fact Crescendo TeamLeave a Comment on 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 

Kalana KrishanthaLeave a Comment on 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! 

Kalana KrishanthaLeave a Comment on 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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Unsubstantiated False Claims of  High Increments in Telecommunication Charges in Sri Lanka Due to VAT 

Kalana KrishanthaLeave a Comment on Unsubstantiated False Claims of  High Increments in Telecommunication Charges in Sri Lanka Due to VAT 

දිනපතා සත්‍ය කරුණු දැන ගැනීමට අපගේ WhatsApp සමුහයටමෙතනින් එකතුවන්න. Sri Lanka is currently grappling with ways to overcome its worst economic crisis since gaining independence in 1948.  This has prompted the government to increase state revenue through various measures, one such being raising the Value Added Tax (VAT) to 18% from the existing 15%.  However, […]

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Fact Check: Misleading Claims About a New Commodity Levy Imposed on Various Food Items in Sri Lanka

Kalana KrishanthaLeave a Comment on Fact Check: Misleading Claims About a New Commodity Levy Imposed on Various Food Items in Sri Lanka

දිනපතා සත්‍ය කරුණු දැන ගැනීමට අපගේ WhatsApp සමුහයටමෙතනින් එකතුවන්න. Sri Lanka has been navigating a challenging economic recovery following its worst post-independence crisis in recent years. In the aftermath of the Rajapaksa regime and the subsequent leadership of President Wickremesinghe, the government made some changes in the country’s tax procedure.  However, many have not welcomed […]

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Explained: Everything To Know About RBI’s Decision To Withdraw ₹2000 Note From Circulation?

Fact Crescendo TeamLeave a Comment on Explained: Everything To Know About RBI’s Decision To Withdraw ₹2000 Note From Circulation?

On 19 May, the Reserve Bank of India (RBI) announced that it has decided to withdraw ₹2000 currency notes from circulation. What many have dubbed as “Demonetisation 2.0”, the decision has sparked a mixture of excitement, humor, and uncertainty among the public. In this article, we will explore the actual decision made by the RBI […]

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