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Sri Lanka Treasury bill yields up
Feb 11, 2015 (LBO) – Sri Lanka’s Treasury bill yields moved up on Wednesday’s auction with the 12-month yield increased to 6.10 percent, data from the state debt office showed. 6-month yield was also moved up to 5.98 percent from 5.90 percent in last week and 5,355 million rupees were accepted from 9.430 million rupees. […]
‘s BOI companies not exempted from the super gain taxation: Government
Feb 11, 2015 (LBO) – Sri Lanka’s projects approved under the board of investment law will have to pay the one-off super gain tax, a government minister said.“We have to charge them also. They never paid taxes.†said, Dr. Harsha de Silva, deputy minister of policy planning and economic affairs. Silva speaking at a local […]
Sri Lanka to appoint committee to inquire land issue in North: Media Report
Feb 10, 2015 (LBO) – Sri Lanka’s new administration to appoint a committee in order to commence the programme of releasing lands in the North back to civilians, a media report said quoting the State Minister for Defence Ruwan Wijewardene in Vavuniya. This decision was taken on a directive of the President Siresena. The report […]
Sri Lanka merchandise exports up 6.7-pct to US$11bn in 2014
Feb 10, 2015 (LBO) – Sri Lanka’s annual provisional merchandise exports increased by 6.67 percent to 11.079 billion rupees, Export Development board of Sri Lanka (EDB) said in a statement. Fisheries for the month of December 2014 up by 7.8 percent to 22.83 million rupees. Declines experienced by coconuts by eight percent to 40 million […]
Warning
Feb 09, 2015 (LBO) – Sri Lanka warns the errant traders who hasn’t given recent budgetary relief to the consumers and has instructed the Consumers Affairs Authority (CAA) to ˜move fast’ on such issues, the ministry of Industry and Commerce said in the media release. I have received a number of complaints from the consumers […]
’s real estate boom and property market outlook
Feb 09, 2015 (LBO) – Sri Lanka’s online property hunters seek houses than apartments despite the luxury apartment segment having a short term demand, country head of a leading real estate portal said. Globally founded on 2013, the property portal currently available in 32 countries across Asia, Africa, the Middle East and Latin America with […]
’s former president Rajapakse goes to jail: Report
Feb 09, 2015 (LBO) – Sri Lanka’s former President Mahinda Rajapakse visited his recently acquired ally Tissa Attanayake today. He is accused of fabricating a document to discredit President Sirisena and Prime Minister Wickremesinghe. Rajapakse spent a few minutes at the Welikada Prison Hospital where Attanayake has been warded since he was remanded a week […]
’s economic relations with India to play a crucial role in making Island an economic hub: Chamber CEO
Feb 09, 2015 (LBO) – Sri Lanka’s economic relations with India will play a crucial role in making Sri Lanka an international logistic hub, Chief Executive of the Ceylon Chamber of Commerce said in a statement. Sri Lanka needs to appreciate the unprecedented opportunity that is emerging in India and within South Asia, Mangala P. […]
Sri Lanka revises mansion tax rules: Report
Feb 09, 2015 (LBO) – Sri Lanka’s proposed Mansion Tax was amended imposing on houses larger than 10,000 square feet, which is twice as large as originally propose in an interim budget 2015, a media report said quoting Finance Minister Ravi Karunanayake. Accordingly the report, the Mansion Tax would be levied on houses where the […]
’s senior appointments to be decided by Constitutional Council: Deputy Policy Planning
Feb 09, 2015 (LBO) – Sri Lanka’s new government would take steps to appoint a Constitutional Council including senior respected people and ministers from government and opposition to decide senior appointments, Deputy Policy Planning and Economic Affairs Minister Dr. Harsha de Silva said. He made this comment at LBR LBO CEO Forum, answering a question […]