All News

Sri Lanka merges ‘election’ banks after two year experiment

Nov 17, 2006 (LBO) â€“ After creating two new state banks in successive budgets, Sri Lanka's government is planning to merge and consolidate …

Sri Lanka’s customs coffers to fill, despite tax breaks in budget

Nov 17 (LBO) – Sri Lanka Customs says it will shore up revenues to 240 billion rupees next year, despite a host of import duty waivers in the …

Foreign, local loans to finance Sri Lanka’s record deficit

Nov 17, 2006 (AFP) - Sri Lanka is set to borrow heavily abroad and at home in a bid to finance a record 2.18 billion dollar budget deficit next year, …

Americans look to Asia for affordable heart, hip and other surgeries

WASHINGTON, Nov 16, 2006 (AFP) - When Wayne Steinard visited his doctor earlier this year he faced two options: either undergo open heart surgery in …

Local gem, jewellery trade get tax friendly budget

Nov 16, 2006 (LBO) â€“ Local jewellers have got a host of tax reductions in the country's budget proposals for next year, as well as …

Sri Lankan plantation companies ask unions to compromise to settle wage talks

Nov 16, 2006 (LBO) - Sri Lanka's plantation companies have asked estate worker unions to compromise on a wage increase, in efforts to jumpstart …

Budget reduces passport fees for locals, raises fees for foreign visitors

Nov 16, 2006 (LBO) â€“ Sri Lanka is imposing a 10 dollar fee on tourists visiting the island, while locals opting to travel abroad will pay less …

Sri Lanka slaps higher duties on imported shoes

Nov 16, 2006 (LBO) â€“ Sri Lanka's leather and shoe industry is to be exempt from import taxes on raw materials and machinery, while imported …

New tax benefits and reduction for bank deposits and retiring employees

Nov 16, 2006 (LBO) â€“ Sri Lanka to halve the surcharge on individual deposits and hopes to increase the tax free threshold for retiring …

Last Stage

Nov 16, 2006 (LBO) - Sri Lanka's Co-operative Wholesale Establishment (CWE) is to sell a 226 perch land which National Savings Bank has already paid …

Sri Lanka’s complicated VAT system becomes more complex

November 16, 2006 (LBO) -- The multiple bank value added tax system of Sri Lanka which also has a non recoverable 'VAT' tax on financial firms became …

British envoy talks with Sri Lanka’s Tiger rebels

Nov 16, 2006 (AFP) - A British envoy was holding talks with Sri Lanka's Tiger rebels Thursday to help salvage a faltering peace initiative, while in …

Government promises better budget for Sri Lanka; opposition skeptical

November 16, 2006 (LBO) - The government says the upcoming budget would be growth oriented, with medium term objectives in view, while the opposition …

Rights panel backs UN child soldiers charge against Sri Lanka

Nov 16, 2006 (AFP) - A New York-based rights group asked Sri Lanka's government Thursday to arrest security force members allegedly involved in …

Sri Lanka gives tax incentives to develop shipping industry

November 16, 2006 (LBO) - Sri Lanka is to give a range of tax incentives and relaxed foreign borrowing restrictions to boost shipping and allied …

Sri Lanka lowers economic forecasts for 2006

November 16, 2006 (LBO) – Sri Lanka's Central Bank Thursday cut the island's next year economic growth to 7.5 percent from 8.0 percent …

Sri Lanka asks Tigers to resume talks as war budget bites

Nov 16, 2006 (AFP) - Sri Lanka's president appealed to Tiger rebels Thursday to enter talks and end spiralling violence on the island as a British …

Sri Lanka’s construction industry to get tax concessions

November 16, 2006 (LBO) - The government is giving tax benefits to the domestic construction industry in Sri Lanka to help them undertake large …

India expresses deep concern over civilian killings in Sri Lanka

NEW DELHI, Nov 16, 2006 (AFP) - India's prime minister has expressed deep concern over rising civilian deaths in Sri Lanka's ethnic conflict, saying …