All Blogs
Hungry Mouths
HSBC Bank picked up Rs. 400 mn worth of leased backed paper, locking returns for up to four-years.HSBC Bank picked up Rs. 400 mn worth of leased backed paper, locking returns for up to four-years. People’s Leasing Co. issued the lease-backed securities in the form of a direct loan as a cost effective method to […]
Group Cover
LIC Lanka says Sri Lanka’s low income workforce could be covered by a group insurance policy partially funded by the government.LIC Lanka says Sri Lanka’s low income workforce could be covered by a group insurance policy partially funded by the government. The insurer’s board of directors have agreed to pitch the idea to the government, […]
Local civil aviation laws are being tweaked to make it easier for aviation sports to take to the skies.
Local civil aviation laws are being tweaked to make it easier for adventure aviation sports like gliding and para-jumping to take to the skies.Local civil aviation laws are being tweaked to make it easier for adventure aviation sports like gliding and para-jumping to take to the skies. Aviation sports have long been restricted by security […]
Clear Line
Lanka Internet Services Ltd could become Sri Lanka’s eighth telecom service provider, operating an islandwide network under its existing enhanced voice license.Lanka Internet Services Ltd could become Sri Lanka’s eighth telecom service provider, operating an islandwide network under its existing enhanced voice license. The internet solutions and international calling card operator’s management and a team […]
BOI companies in tax net from April
BOI companies will be pulled into the local tax net for the first time from April this year, through the Economic Service Charge (ESC). BOI companies will be pulled into the local tax net for the first time from April this year, through the Economic Service Charge (ESC). “The BOIs were not expected to pay […]
BTT or Not?
Stiff political opposition stops Sri Lanka’s key local body from raising taxes by four percent, for the first time in 15 years.Stiff political opposition stops Sri Lanka’s key local body from raising taxes by four percent, for the first time in 15 years. The Western Provincial Council – which controls over 50 percent of Sri […]
Sri Lanka’s trade deficit narrows to its lowest point, says Central Bank
Despite an upsurge in global oil prices, Sri Lanka’s trade deficit narrowed to its lowest point in January, as lower imports of textiles, diamonds, electrical equipment and building materials took the pressure of the Exchequer.Despite an upsurge in global oil prices, Sri Lanka’s trade deficit narrowed to its lowest point in January, as lower imports […]
Indian Rumba
Merchant Bank of Sri Lanka is believed to be in serious talks with India’s SBI Capital Markets Ltd to expand its corporate banking activity.Merchant Bank of Sri Lanka is believed to be in serious talks with India’s SBI Capital Markets Ltd to expand its corporate banking activity. MBSL has been on a roll over the […]
Fresh Aid
Japan is finalising a US$ 100 mn tsunami soft loan for Sri Lanka’s reconstruction work, expected to come through by mid next month.Japan is finalising a US$ 100 mn tsunami soft loan for Sri Lanka’s reconstruction work, expected to come through by mid next month. The soft loan will be over and above US$ 80 […]
Western Provincial Council to decide on BTT increase on Tuesday
The Western Provincial Council(PC) will decide on Tuesday, March 22, whether to go ahead with the proposed increase in Business Turnover Tax (BTT).The Western Provincial Council(PC) will decide on Tuesday, March 22, whether to go ahead with the proposed increase in Business Turnover Tax (BTT). “The BTT increase was gazetted but until it is approved […]