Sri Lanka

"We are going to die": Food shortages increase Sri Lanka's difficulties

“We are going to die”: Food shortages increase Sri Lanka’s difficulties – Mail Bonus

The Prime Minister of Sri Lanka has warned of a food shortage as the island nation is facing a devastating economic crisis and has promised that the government will buy enough fertilizer for the next planting season to increase yields. A decision by President Gotabaya Rajapaksa in April last year to ban all chemical fertilizers …

“We are going to die”: Food shortages increase Sri Lanka’s difficulties

– Mail Bonus Read More »

Sri Lanka falls into arrears, warns that inflation could rise to 40%

Sri Lanka falls into arrears, warns that inflation could rise to 40% – Mail Bonus

Sri Lanka has gone bankrupt for the first time in its history as the government struggles to halt an economic collapse that has sparked mass protests and a political crisis. Policy makers had informed creditors that the nation would not be able to pay until the debt has been restructured and is therefore in default, …

Sri Lanka falls into arrears, warns that inflation could rise to 40%

– Mail Bonus Read More »

Sri Lanka has lost about 1 million taxpayers since the 2019 tax cuts, says Finance Minister Ali Sabry

Sri Lanka has lost about 1 million taxpayers since the 2019 tax cuts, says Finance Minister Ali Sabry – Mail Bonus

Sri Lanka has lost about 1 million taxpayers in the last two years after the Gotabaya Rajapaksa government announced large-scale tax cuts in 2019 in an effort to stimulate economic growth, Finance Minister Ali Sabry has revealed, as the island nation faces an unprecedented economic crisis. These tax cuts were announced in November 2019 in …

Sri Lanka has lost about 1 million taxpayers since the 2019 tax cuts, says Finance Minister Ali Sabry

– Mail Bonus Read More »