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Insurance Policies or Shadow Deposits? A Growing Tax Blind Spot
A troubling distortion is quietly taking root in Sri Lanka’s financial system: certain insurance companies are effectively accepting deposits from customers under the guise of insurance policies, promising fixed or quasi-fixed returns that closely resemble bank deposit interest—without deducting withholding tax (WHT). While dressed up as “insurance” or “investment-linked” products, many of these schemes function in
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IMF Chief Kristalina Georgieva Embarks on Strategic Three-Day Visit to Sri Lanka
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), is scheduled to visit Sri Lanka from February 16 to 18, 2026, as confirmed by a senior official from the IMF. During her three-day visit, Georgieva will engage with government officials and key stakeholders to discuss the ongoing recovery efforts following Cyclone Ditwah. She
- Professor Tissa Vitharana (1934–2026)
A Life at the Crossroads of Science, Conscience and Politics… Read more: Professor Tissa Vitharana (1934–2026) - Valentine’s Day: From Martyrdom to Marketing
Every February 14, the world turns red.Roses spike in price.… Read more: Valentine’s Day: From Martyrdom to Marketing - Cricket Is Not Just a Game. For Sri Lanka, It Could Be an Economic Powerhouse.
In Sri Lanka, cricket has always carried emotion. What it… Read more: Cricket Is Not Just a Game. For Sri Lanka, It Could Be an Economic Powerhouse.