Imesh Ranasinghe

Journalist @TheMorningLK
Former @Economynext
Thomian legion
Cricket lover

[Rahul @sairahul1]

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[Imesh Ranasinghe @imesh430]

Sri Lanka has already submitted compensating revenue measures to @IMFNews for the proposed adjustment on personal income tax to provide relief to taxpayers in the middle bands,
#Incometax #SriLanka
https://t.co/7y1cm7mMhv

[Imesh Ranasinghe @imesh430]

Sri Lanka state revenue has increased by 41% year-on-year (y-o-y) in the first six months of 2024 to Rs. 1,860 billion, as the Treasury has collected 52% of the estimated revenue for the year, Finance State Minister Ranjith Siyambalapitiya said.

https://t.co/7h9KLPgQEG

[Imesh Ranasinghe @imesh430]

Sri Lanka is expected to have private equity deals amounting to $ 250 million in 2024 as the country is among the top destinations for Asian private equity after BoJ rate hike, Hong Kong-based asset management firm MCM Partners said.
#SriLanka @CSE_Media
https://t.co/IuVIsOeAe5

[Imesh Ranasinghe @imesh430]

Vehicle importers have used a legal loophole to undervalue vehicles imported under the electric vehicle import licence scheme for migrant workers to avoid the luxury tax causing the loss of millions to the treasury, the COPF revealed.
#SriLanka
https://t.co/fNEeijYkZ5

[Imesh Ranasinghe @imesh430]

Importers had imported goods prior to the VAT hike in December, ensuring sufficient stocks for the next three months resulting in low import demand and pushing the #rupee up.
@CBSL @Dimantha_2000 #SriLanka
https://t.co/WdumRT7Qk8

[Imesh Ranasinghe @imesh430]

Sri Lanka’s credit to the private sector has expanded by Rs. 267 billion in the second half (H2) of 2023 amidst falling interest rates as private credit expanded by Rs. 102 billion in December (2023), @CBSL data showed.
#SriLanka #privatecredit
https://t.co/RmlSIiX5c5

[The Economist @TheEconomist]

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[Imesh Ranasinghe @imesh430]

The rat which grounded a SriLankan Airline flight last Thursday (22) upon its return from Lahore might have entered the aircraft through passenger luggage, an official of the airport service section said.
#SriLanka @flysrilankan #SriLankanairlines
https://t.co/8k9VsAF2IN

[Imesh Ranasinghe @imesh430]

The Central Bank of Sri Lanka (CBSL) has received close to 200 #microfinance complaints in 2023 mainly related to higher interest rates and “unethical” loan recovery practices, The Daily Morning Business learnt.
#SriLanka @CBSL #microcredit
https://t.co/QaNLjHqwyZ

[Imesh Ranasinghe @imesh430]

Sri Lanka’s debt targets by the @IMFNews will expose it to a higher risk of future debt crisis as the country will exit the programme in 2027 with public debt over 100% of GDP while intending to raise $ 1.5 billion annually from dollar bonds.
@brad
https://t.co/wVq2SSwKGU

[Imesh Ranasinghe @imesh430]

Sri Lanka cannot expect its currency to appreciate after the completion of the #debtrestructuring as the restart of economic activities will slightly push the rupee #LKR down, a member of the Monetary Policy Board of the @CBSL said.
#SriLanka #rupee
https://t.co/4ciKyUbNBl

[Imesh Ranasinghe @imesh430]

Is it feasible to curtail seasonal and climate change induced vegetable demand through imports?
@RegularReh @CBSL
https://t.co/hSZ9OwytDa

[Imesh Ranasinghe @imesh430]

Sri Lanka should provide trade protectionism to domestic players but not for longer periods as the country has been doing in the past, State Minister of @MFA_SriLanka @TharakaBalasur1 said.
#SriLanka
https://t.co/ZM3JubHh7Q

[Imesh Ranasinghe @imesh430]

According to sovereign debt expert @Brad_Setser Sri Lanka’s bondholders had not presented a realistic restructuring proposal to the authorities, delaying any agreement between two parties.
#srilanka #debt #bondholders @IMFNews @cbsl
https://t.co/NZUkNtoA0I

[Imesh Ranasinghe @imesh430]

There’s a Tax Season Villain, and It’s Not the I.R.S. | NYT Opinion https://t.co/HHGoLGaAXf via @YouTube

[Imesh Ranasinghe @imesh430]

Can Sri Lanka take the opportunity geopolitics has given them to be a leader in graphite supply to the world?
P.S.- Sri Lanka has the world's purest graphite (about 95% Carbon)
https://t.co/u9tw1bsaIT

[Imesh Ranasinghe @imesh430]

Sri Lanka will not agree with any debt relief proposal from bondholders that is not consistent with the debt sustainability (DSA) targets of the @IMFNews, @CBSL Governor Dr. Nandalal Weerasinghe said.
#SriLanka #bondholders #SriLankadebt
https://t.co/DtnsFkMN5x

[Imesh Ranasinghe @imesh430]

Despite being positioned below the Rs. 60 million threshold, #SriLanka Trade Ministry has offered #SME suppliers for supermarket chains to register for #VAT voluntarily to stay competitive in supply chains, Trade Minister Nalin Fernando said. #supermarkets
https://t.co/RcLvcMIck0

[Imesh Ranasinghe @imesh430]

Bangladesh used #microfinance to uplift people from poverty, however, In Sri Lanka these loans are taken for consumption, which leads to borrowers becoming trapped in debt.
#SriLanka #Bangladesh #microdebt
https://t.co/07Tc3xapo9