News

Recover stolen funds before taxing middle class – CBK

Published

12 months ago

December 15, 2023

editor

Former Sri Lankan President Chandrika Bandaranaike Kumaratunga (CBK) has called on the government to prioritize recovering stolen wealth from the Rajapaksa family before resorting to tax increases, particularly for the middle class.

In a recent statement, CBK acknowledged the need for government revenue but argued against burdening the middle class with additional taxes.

She pointed to Sri Lanka’s low tax rate compared to other countries and suggested focusing on recouping lost funds instead of increasing taxes.

“People who earn money don’t want to give because of the habit of giving everything here,” she said, highlighting the cultural context of tax compliance. “But I am against charging these taxes to the middle class.”

CBK offered a specific solution: investigating and recovering money allegedly stolen by the Rajapaksa family and stashed abroad.

“The World Bank has ways to get them,” she stated. “If the looted money is recovered, the people would not have to pay taxes like this.”

(News 1st)

BIZ

ASPI records an all-time high passing the 14,000 mark

Published

15 hours ago

December 12, 2024

editor

The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) recorded an all-time high, surpassing the 14,000 mark for the first time ever in Sri Lanka.

According to the CSE, the ASPI increased by 150.72 points to close at 14,035.81.

A turnover of Rs. 7.3 billion was recorded at the close of trading.

News

Fever outbreak in Jaffna identified as Leptospirosis

Published

15 hours ago

December 12, 2024

editor

The fever that has been spreading in Jaffna has been identified as Leptospirosis, the Epidemiology Unit of the Health Ministry announced today (Dec. 12).

Leptospirosis is commonly known as Rat Fever.

The outbreak had claimed 07 lives so far.

News

SJB National List MPs announced

Published

16 hours ago

December 12, 2024

editor

The Samagi Jana Balawegaya (SJB) has announced the four names nominated to fill its remaining National List MP seats in Parliament.

Accordingly, the main opposition party has named Mano Ganesan, Nizam Kariapper, Sujeewa Senasinghe and Mohamed Ismail for the remaining four National List MP posts.

Following the General Election held on November 14, the SJB secured five National List MP seats with its General Secretary – Ranjith Madduma Bandara being appointed to one seat on Nov. 19.
Meanwhile, the Colombo District Court today issued a restraining order preventing the Samagi Jana Balawegaya (SJB) from submitting their National List MP nominees without including the name of Nizam Kariapper of the Sri Lanka Muslim Congress (SLMC).