Sri Lanka’s import tax exemption schemes are too opaque, resulting in them being open to abuse and corruption, a case study by a prominent think tank has found, with decisions frequently subject to officials’ discretion as regulations are unavailable to the public and HS codes are unused.
Finance Minister Mangala Samaraweera yesterday said he would make his dissenting views known at today’s Cabinet meeting regarding the proposal to impose a mandatory age limit for three-wheeler drivers, insisting that concerns over safety could be addressed by alternative means but acknowledged a regulatory body for the industry may be needed.
Reuters: Sri Lanka’s tea output fell 7.3% in July from a year earlier, the State-run Tea Board said on Monday, and brokers attributed the fall to adverse weather conditions.
Reuters: The rupee touched a record low on Monday as importer dollar demand, foreign outflows and government securities weighed on the currency, dealers said.
Pope Francis has condemned the "atrocities" of child sex abuse and clerical cover-ups in a letter to the world's 1.2bn Roman Catholics.
U.S. President Donald Trump has assailed special counsel Robert Mueller's investigation into Russia meddling in the 2016 presidential election as "a National Disgrace!"