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War drums dampen Sri Lanka’s tourism cheer in the New Year
Sri Lanka’s tourism industry is set to wrap up its best year ever thanks to a truce between troops and Tiger rebels, but fears of a return to war have made the flourishing sector jittery once again.Sri Lanka’s tourism industry is set to wrap up its best year ever thanks to a truce between troops […]
Early Present
The Asian Development Bank stepped in on Monday to bail out debt riddled Peoples’ Bank, with a Rs.4.5 bn loan package. The Asian Development Bank stepped in on Monday to bail out debt riddled Peoples’ Bank, with a Rs. 4.5 bn loan package. “We will get Rs 2.0 bn in the last quarter of 2005, […]
Taxing Times
Tax changes proposed in Budget-2005 will go before Parliament early next year, says the Treasury.Tax changes proposed in Budget-2005 will go before Parliament early next year, says the Treasury. “We will get the changes to the indirect taxes approved by January 31, 2005 and income tax changes by March 31, 2005,” said Treasury secretary, P […]
‘s tourism cheer in the New Year
Sri Lanka’s tourism industry is set to wrap up its best year ever thanks to a truce between troops and Tiger rebels, but fears of a return to war have made the flourishing sector jittery once again.Sri Lanka’s tourism industry is set to wrap up its best year ever thanks to a truce between troops […]
Plugging In
India’s National Thermal Power Corporation has put in a bid to develop a 300 MW coal power plant in Sri Lanka, Indian news wires reported today.India’s National Thermal Power Corporation has put in a bid to develop a 300 MW coal power plant in Sri Lanka, Indian news wires reported today. The proposal sent to […]
Sri Lanka and Pakistan to tie the FTA knot by end December?
The free trade agreement with Pakistan is likely to be finalised by end of December, said the Treasury Secretary on Monday.The free trade agreement with Pakistan is likely to be finalised by end of December, said the Treasury Secretary on Monday. “Hopefully over the next two weeks we can finalise the FTA with Pakistan,” said […]
The Other Side
The head of the local investment promotion agency says open global markets are forcing government to give tax incentives to attract investments. The head of the local investment promotion agency says open global markets are forcing government to give tax incentives to attract investments. BOI Chairman Saliya Wickramasuriya says however that these incentives have to […]
Red Flags Ahead
World Bank says the erosion of fiscal gains made in the last two years will slow growth to below 5 percent and reduce donor funding for the budget.World Bank says the erosion of fiscal gains made in the last two years will slow growth to below 5 percent and reduce donor funding for the budget. […]
Partner Wanted
HNB Assurance is on the look out for a foreign partner to spruce up its general insurance business.HNB Assurance is on the look out for a foreign partner to spruce up its general insurance business. “The challenge now is to find a partner to support us in general insurance,” said Manjula de Silva, CEO, HNB […]
Do it Gingerly
Farmers’ contribution to the economy has been falling as industries and service sector businesses take over. Farmers’ contribution to the economy has been falling as industries and service sector businesses take over. Agriculture accounts for one fifth of the economy despite half the population depending on it for a living.Farmers are poor because they can’t […]