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The local film industry will get a series of concessions
The local film industry will get a series of concessions, including a rs.50 mn allocation in 2006 to set up infrastructure for acting development.The local film industry will get a series of concessions, including a rs. 50 mn allocation in 2006 to set up infrastructure for acting development. Meanwhile, foreign films will be slapped with […]
New power projects needed to be implemented as a priority.
The President in his maiden budget speech said new power projects needed to be implemented as a priority.The President in his maiden budget speech said new power projects needed to be implemented as a priority. However, to compensate residents for any inconvenience from the power plants, the president has proposed to offer concessionary rates to […]
Budget 2006 – Rebuild the agro sector to support the rural economy
Presenting his maiden budget, President Mahinda Rajapaksa said his government would rebuild the agro sector to support the rural economy.Presenting his maiden budget, President Mahinda Rajapaksa said his government would rebuild the agro sector to support the rural economy. Key inputs to develop the rural agro economy will include special loan shchemes, subsidized fertilizer and […]
Discounted Power
President says coal power and upper Kotmale hydro power project are top priority in infrastructure development.President says coal power and upper Kotmale hydro power project are top priority in infrastructure development. Delivering the budget speech, President Mahinda Rajapaksa said “the coal power plant and Upper Kotmale hydro power project will be given highest priority in […]
Tax breaks to push investments outside Colombo
Sri Lanka’s 2006 budget starts off on its new tax regime with a tax exemption for the island’s favourite pastime, cricket.Sri Lanka’s 2006 budget starts off on its new tax regime with a tax exemption for the island’s favourite pastime, cricket. The Mahinda Chintana Budget gives a tax exemption for the 16 country under 19 […]
Sri Lanka asks Norway to save peace bid, as ambassador visits the north
Sri Lanka has asked Norway to keep trying to broker peace with Tamil Tiger rebels amid a recent spate of violence which has killed 29 and raised fears that the country could slip back into war.Sri Lanka has asked Norway to keep trying to broker peace with Tamil Tiger rebels amid a recent spate of […]
Sri Lanka’s treasury secretary scotched investor jitters ahead of Thu. revised budget
Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start economic growth, amidst a backdrop of escalating violence that has renewed fears of the island slipping back to war. Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start […]
‘Controlled’ violence claims 29 lives in Sri Lanka
The latest wave of violence has claimed the lives of 17 troops and 12 others and the Sri Lankan government sought foreign help to salvage a tottering truce, but ceasefire monitors say the situation is “not out of control.” The latest wave of violence has claimed the lives of 17 troops and 12 others and […]
Treasury bill rates creep up
Sri Lanka’s borrowing costs rose at this week’s treasury bill auction, as against the previous week’s sale, the Central Bank said Wednesday. Sri Lanka’s borrowing costs rose at this week’s treasury bill auction, as against the previous week’s sale, the Central Bank said Wednesday. The bank re-issued Rs. 10,745 million worth of bills but accepted […]
‘s treasury secretary scotched investor jitters ahead of Thu. revised budget
Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start economic growth, amidst a backdrop of escalating violence that has renewed fears of the island slipping back to war. Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start […]