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Sri Lanka tax revenue up 24-pct in first quarter 2015: Finance Minister
Apr 25, 2015 (LBO) – Sri Lanka’s tax revenue has increased 23.8 percent in the first three months of this year against the same period last year, Finance Minister Ravi Karunanayake said. “The Inland Revenue Department has performed a significant task to increase the tax income.The people are convinced today that tax money does not […]
Sri Lanka raises import duties of potatoes and onions to protect local farmers
Apr 25, 2015 (LBO) – Sri Lanka’s import duties on potatoes and big onions have been increased, the Finance Ministry said in a statement. The import duty of one kilogram of potatoes has been increased from 40 rupees to 55 rupees while the import duty of big onions has been increased from 10 rupees to […]
Sri Lanka Tourism Promotions Bureau spent over Rs300mn for Uva election campaign
Apr 25, 2015 (LBO) – Sri Lanka’s Tourism Promotions Bureau has spent over 300 million rupees for the Uva election campaign, Tourism and Sports minister Navin Dissanayake said. Dissanayake was speaking at an event held at temple trees on Friday to handover the investigation report on Tourism and Sports ministries to Prime Minister Ranil Wickremesinghe. […]
Sri Lanka stocks close higher at 0.3-pct
Apr 24, 2015 (LBO) – Sri Lanka’s stocks closed higher, 0.33 per cent with the banking and finance sector stocks showing gains, brokers said. The Colombo benchmark All Share Price Index closed 15.39 points higher at 7,129.78, up 0.33 per cent. The S&P SL20 closed 03.06 points lower at 4,023.26, down 0.08 per cent. “The […]
Sri Lanka’s tourism sector profits should trickle down to people: Minister
Apr 24, 2015 (LBO) – Sri Lanka’s Tourism Minister told LBO that the profits from Island’s tourism sector should go to the hands of the common people.Tourism Industry is highly depend on manpower which requires skilled and unskilled labour. “Looking into the future, tourism is a sector that is developing at a rapid pace and […]
Sri Lanka’s CEB says energy sector is challenged when providing quality electricity
Apr 24, 2015 (LBO) – Sri Lanka’s energy sector is challenged when providing quality electricity to suit the current requirements of the households in the Island, Chairman of Ceylon Electricity Board (CEB) said. “Supplying quality electricity is a challenge,” Anura Wijepala, Chairman of Ceylon Electricity Board (CEB) told a forum in Colombo yesterday. “It is […]
Sri Lanka’s International Arbitration Centre starts May 2015
Apr 23, 2015 (LBO) – Sri Lanka is expected to commence activities of International Arbitration Centre from the month of May, government spokesman, Rajitha Senaratne said.He says the government aims to develop Sri Lanka as a regional hub to provide services related to law and order, considering the professional capabilities in the country’s legal sphere.The […]
Sri Lanka up 5 notches in World Happiness Report 2015
Apr 24, 2015 (LBO) – Sri Lanka’s happiness has climbed five places to rank at 132 position bagging 4.271 points in the latest World Happiness Report published on Thursday. The country was ranked 137th in the second edition of the report published in 2013. Switzerland topped the ranking while Iceland bagged the second place in […]
‘s President urges all Parliamentarians to vote for 19A; election reforms to follow
Apr 23, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena making a special statement to the Nation on Thursday urged all Parliamentarians to vote in favor of 19th amendment. “I sincerely request all the members to support to pass the 19th amendment in parliament,” President Sirisena said. President also confirmed that the election reforms will […]
Sri Lanka to bring electoral reform through constitutional amendment
Apr 23, 2015 (LBO) – Sri Lanka’s Cabinet Spokesman, Rajitha Senarathne said today that the government has presented a draft proposal to the cabinet and is planning to replace the existing proportional system with a mixed electoral one.Senarathne said that the new system includes provisions to elect a Parliamentarian directly to each electorate and a […]