Nishel Fernando
Business Reporter at Freelance
Business Reporter at Daily Mirror (Sri Lanka)
Human Rights
Articles
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2 days ago |
htsyndication.com | Nishel Fernando
Sri Lanka, June 5 -- The upcoming repeal of the Simplified Value Added Tax (SVAT) regime is projected to significantly bolster Sri Lanka's Value Added Tax (VAT) revenue, with an estimated additional Rs.191 billion expected to flow into state coffers annually.
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2 days ago |
htsyndication.com | Nishel Fernando
Sri Lanka, June 5 -- The Port of Colombo's transshipment volumes recorded a 5.8 percent year-on-year (YoY) decline in April 2025, reaching 495,456 twenty-foot equivalent units (TEUs), marking the fourth consecutive month of slowdown in this crucial segment.
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2 weeks ago |
indianpolitics.co.in | Nishel Fernando
By Nishel FernandoSri Lanka’s Central Bank’s (CB) unexpected decision to cut its policy rate by 25 basis points to 7.75 percent risks pushing the nation’s economy towards overheating, according to a recent analysis by Bloomberg Economics. The report, authored by economist Ankur Shukla, suggests the move was “undue” and could lead to a surge in imports, thereby straining foreign exchange (FX) reserves and devaluing the rupee.
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3 weeks ago |
htsyndication.com | Nishel Fernando
Srilanka, May 16 -- Sri Lanka's tourism sector showed improved growth in tourist arrivals in the first 13 days of May 2025, with an expansion of 21.53 percent year-on-year (YoY) compared to the same period in 2024. The upward trend was significantly propelled by a strong influx of visitors from India, who accounted for nearly one-third of all arrivals during this period.
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3 weeks ago |
htsyndication.com | Nishel Fernando
Srilanka, May 15 -- Merchant Bank of Sri Lanka & Finance PLC (MBSL), a subsidiary of Bank of Ceylon, has set an ambitious objective to increase its balance sheet to Rs.50 billion by 2026, following a period of notable financial expansion and strategic initiatives. "MBSL's primary goal is to expand our balance sheet to Rs.50 billion by 2026, ensuring a high-quality portfolio while maintaining strong compliance within the NBFI sector.
Journalists covering the same region
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