VR Insightshttps://archive.veriteresearch.org/handle/123456789/3482026-04-21T12:41:11Z2026-04-21T12:41:11ZProposed Beneficial Ownership Register : Two Gaps Undermine EffectivenessHandy, MichelleGunaratne, Sankhithahttps://archive.veriteresearch.org/handle/456/81622026-04-13T21:31:48Z2025-03-01T00:00:00ZProposed Beneficial Ownership Register : Two Gaps Undermine Effectiveness
Handy, Michelle; Gunaratne, Sankhitha
In 2024, Sri Lanka proposed an amendment to the Companies Act introducing a Beneficial Ownership register. The proposed register fails to meet International Monetary Fund and Financial Action Task Force commitments in two key ways as it lacks mechanisms to verify Beneficial Ownership information and restricts public access. As proposed, the law governing the register will fail to comply with the expected international standards.
5p.
2025-03-01T00:00:00Z13% primary expenditure rule proposed for Sri Lanka departs from economic theory and practiceKapilan, AnushanPabasara, ChathuniRajakulendran, Raj Prabuhttps://archive.veriteresearch.org/handle/456/81592026-04-13T21:31:52Z2024-07-01T00:00:00Z13% primary expenditure rule proposed for Sri Lanka departs from economic theory and practice
Kapilan, Anushan; Pabasara, Chathuni; Rajakulendran, Raj Prabu
The 13% primary expenditure rule proposed in a new public finance bill is at odds with established economic theory. It will undermine “good” public spending that enhances growth, efficiency, and social welfare. It will also make Sri Lanka a global outlier, by setting a GDP based limit on primary expenditure, which is the lowest in the world.
4p.
2024-07-01T00:00:00ZIs it safe to breathe in Sri Lanka : the case for dataPerera, AshvinBasnayake, Ashanihttps://archive.veriteresearch.org/handle/456/81542026-04-08T21:32:30Z2022-11-01T00:00:00ZIs it safe to breathe in Sri Lanka : the case for data
Perera, Ashvin; Basnayake, Ashani
Exposure to poor air quality is ranked among the top 10 leading global risk factors for disease. The lack of visibility of air pollution often results in delay in public policy and personal responses, till the problem is acute. Improving the collection and access of air quality data is the first step, to making it safe to breathe in Sri Lanka.
3p.
2022-11-01T00:00:00ZPrivatisation of Public Data: Sri Lanka Customs as a Case in Point = “පොදු දත්ත” පුද්ගලීකරණය කිරීම: ශ්රී ලංකා රේගුව උදාහරණයක් ලෙසAbeysinghe, SubhashiniArangala, Mathishahttps://archive.veriteresearch.org/handle/456/81532026-04-08T21:32:19Z2021-04-01T00:00:00ZPrivatisation of Public Data: Sri Lanka Customs as a Case in Point = “පොදු දත්ත” පුද්ගලීකරණය කිරීම: ශ්රී ලංකා රේගුව උදාහරණයක් ලෙස
Abeysinghe, Subhashini; Arangala, Mathisha
International trade data is a public good. Access to such data is vital to design evidence-based policies, help businesses make better decisions, induce public research on economic and social issues, and improve accountability of the government to the people. Yet, SLC’s data dissemination policy is currently at odds with seeing the trade data it collects as a public good. In contrast to regional and global trends, it is not easy to find or access updated export and import data, and it is not free. This Insight finds that a key reason for SLCs resistance to provide free online access to trade data is the prevailing incentive structure set up by the Ministry of Finance which allows government officers to generate private income by selling public data.
4p.
2021-04-01T00:00:00Z