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Sri Lanka reduces prices of 13 essential goods with effect from Midnight today: Interim Budget 2015
Jan 29, 2015 (LBO) – Sri Lanka’s new government will reduce the prices of 13 essential goods by removing of taxes, Minister of Finance Ravi Karunanayake said, presenting an interim budget for 2015. We only promised to reduces prices of 10 goods but we manage to increase into 13 goods due to the economic problems […]
’’ deposits: Interim Budget 2015
Jan 29, 2015 (LBO) – Sri Lanka’s government will give a 15 percent interest rate to deposits of senior citizens in banks of up to one million rupees, Finance Minister Ravi Karunanayake said, presenting the interim budget in the parliament. This will cost an extra 4,900 million rupees to the government. Pensions of state workers […]
’ remuneration by Rs 10,000 – Finance Minister
Jan 29, 2015 (LBO) – Sri Lanka’s government to increases monthly salary of the state sector employees’ by 10,000 rupees, Minister of Finance Ravi Karunanayake, presenting a budget for 2015. We hope to grant more concessions to the public than we promised. He also asks the private sector to consider raising pay by 2,500 rupees. […]
Sri Lanka to restructure economy: Interim Budget 2015
Jan 29, 2015 (LBO) – Sri Lanka Minister of Finance Ravi Karunanayake said that the economy in the island is a sad state and could be restructured though proper mechanism. He said this presenting the interim budget 2015 to the parliament. The main aim of the Government is to revitalise this economy, Ravi Karunanayake, Minister […]
– Ranil
Jan 29, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickramasinge said that the people should be looking in to the work of the newly elected government does rather than monitoring the time. He was speaking at the parliament today. Wickramasinge said that the new government’s priority is to reduce the taxes and give relief […]
’’s mini budget to cover 100-day programme
Jan 29, 2015 (LBO) – Sri Lanka’s newly elected government to present a mini budget to the Parliament today. The government announced a fuel tax cut on last week losing about 65 billion rupees of tax revenue to the treasury. Finance Minister Ravi Karunanayake would present the mini budget for a period of four months […]
India says it is time for trade expansion
Jan 28, 2015 (LBO) – India’s Deputy High Commissioner says with the political changes in Sri Lanka ,it’s high time for both countries to expand the trade from goods to investment and service exchanges. Indo-Sri Lanka relations have been historic and diverse and with the new changes in Sri Lanka, relations can move towards new […]
Sri Lanka policy rates unchanged: Inflation to reduce further with tax cut in Jan 2015
Jan 27, 2014 (LBO) – Sri Lanka’s central bank held policy interest rates at 6.5 and 8.0 percent taking in to the consideration of remaining low inflation in the island Central Bank said in its monetary policy review of January 2015. The regulator says with tax cut on fuel and other key commodities announced in […]
’s export declines 10.7-Pct in November 2014: Central Bank
Jan 26, 2015 (LBO) – Sri Lanka’s exports declined 10.7 percent, to 921million US dollars in November 2014 from a year earlier due to decline in earnings from textiles and garments followed by rubber products ,gems, diamonds and jewellery categorized under industrial exports, the Central bank said. As the growth of imports weighed on the […]
’s forex reserves down to US$8.3bn: Central bank
Jan 26, 2015 (LBO) – Sri Lanka’s forex reserves fell to 8.3 billion US dollars in November 2014, down from 8.8 billion US dollars in October, Central Bank data showed. The BOP for the eight months of January to August 2014 recorded a surplus of 2.1 billion US dollars data showed. The bank says the […]