Restart? Retry? Abort?
The IT industry is slowly recovering. And so is demand for IT pros. But the job market for IT professionals has also gone through some rapid changes …
All News
Hidden Costs
World Bank is likely to chip in and help the government foot the hefty early retirement bill to off load around 300,000 public servants. …
Slithering Down
Sri Lanka Telecom reported a 26 percent dip in net profits for the first nine months, due to an early retirement scheme, higher operating costs and …
Look Who’s Talking?
The main opposition Peoples Alliance is geared for Act Two of the ongoing political drama, with the President on Thursday setting a mid December …
No Sacred Cow
The UNF administration looks set go ahead with the tax on share trading profits, with the same determination, it is implementing unpopular reforms …
Is It A Mirage?
The UNF government is prepared to forget the past and offer a greater role for the opposition in the current peace talks, if a consensus can be …
Travel Charger
Collection problems could bog down state plans to charge a Rs. 300 annual levy on mobile handsets as planned from next January, which works out to …
Out Of Focus
The Treasury is taking a second look at budget proposal to slap a new tax on equity trading, following howling protest by market …
Soaring Eagle
Eagle Insurance says its net profits have soared 55 percent for the first nine months of this year, despite stiff competition in the local …
In Person — Budget 2004
Personal tax exemption threshold would be raised to Rs 300,000 from the current Rs 240,000 and the income slabs widened, with effect from …
Golden Rule — Budget Comment
Sri Lankas 2004 budget is again breaking the lquote golden rule of budgeting, but its ambitious deficit target of 6.8 percent is more in line with …
Adding Roofs — Budget 2004
The government is coming up with a series of housing loan packages targeted at different segments, to help spur a construction boom.The housing …
Bonus Stocking
All pensioners are in for a New Year bonus, with a ten percent hike in pensions from January 1 2004, the Government announced in its budget on …
Bargain Basement — Budget 2004
Giving a leg up to the local tourist trade, the government plans to develop Maskeliya and Puttalam as a future hotspot for the travel trade.Finance …
Lazy Bums — Budget 2004
Sri Lanka Wednesday announced it was shedding 300,000 state-sector jobs and offered a generous severance package that will effectively pay employees …
Naughty Naughty
The telecom watchdog won the first round against Mobitel on Wednesday, when the Court Appeal rejected a stay order put forward by the cellular …
Broker Bonanza — Budget 2004
Stockbrokers are sitting on a potential gold mine as a result of a new tax on equity trading proposed in the budget.rnrnrnrnrnrnNew Page 2rnrnrnrnrnA …
Strong Rupee Policy
Finance Minister K N Choksy made the strongest statement yet that the government is committed to a strong rupee policy.ldblquote Sri Lankans have …
It Went Through — Budget 2004
A blocked nose and bad cold ridden throat could not keep away Finance Minister K N Choksy, adorned in a blue checkered tie, from walking down the …
Economic Charge — Budget 2004
A new tax called Economic Service Charge (ESC) of one percent over turnover or assets will come into effect next year, in an attempt to net in firms …
Express Service — Budget 2004
Two new export-processing zones will spring up next year, as part of the governments plans to spur economic activity.As Lanka Business Online …
Southern Bound — Budget 2004
The government unveiled grand policies to develop the Southern province with plans to develop an airport, a port and set up an oil refinery.Finance …
Value Add — Budget 2004
The value added tax is to unified to a single 15 per cent rate from January 2004, from the current 10 and 20 per cent, while the government has …
Aye Aye — Budget 2004
All public servants will get a 10 percent pay hike each month in the new budget or a minimum Rs.1250 increase, whichever is higher, at a cost of …