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Posts tagged as “Sri Lanka”

Sri Lankans falling prey to Pyramid racket called Onmaxdt

by Rahul Samantha Hettiarachchi in Daily Mirror on line, Dec 1, 2022 at 10:21 amMany Sri Lankans have fallen prey to a surreptitiously carried out Ponzi Scam run by a purportedly Australian Company Onmaxdt, it is learned. A source at the Onmaxdt scheme said senior Government officials, leading businessmen, Police officers and ordinary people from several areas of the country were among its members and that the ordinary people had even mortgaged their property to…

Sri Lanka analysts frown upon Wickremesinghe’s high defence budget

By MAHADIYA HAMZA in EconomyNext, Nov 15, 2022 at 7:30 pmSri Lanka’s budget experts raised concerns over higher defence allocation in 2023 budget and said the move gives wrong signal on rationalizing the public spending. President Ranil Wickremesinghe in his capacity as the finance minister presented 2023 budget in the parliament on Monday (14) which was expected to signal the policies needed to move out of the county’s economic crisis including hard reforms to satisfy…