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’s Finance Minister justifies the Mansion Tax
Feb 02, 2015 (LBO) – Sri Lanka’s Finance Minister said he was ready to pay Mansion Tax even though his house was less than 5000 square feet. He made this comment during a television program on Saturday. My house is about 4800 square feet but I’m ready to pay the tax because I imposed it, […]
60th LBR LBO Form – “Recalibrating Sri Lankan Economy : Meeting the Challenges ahead” – 2nd February 2015
Topic: “Recalibrating Sri Lankan Economy : Meeting the Challenges ahead” Date/Time: Monday 2nd February 2015 | 1800 – 2100 Hrs Speaker: Dr. Harsha de Silva Moderator: Lakshaman Bandaranayake | Chair & Publisher | Vanguard Business Media (Pvt) Limited Venue: OAK Room, Cinnamon Grand, Colombo [tabs] [tab title=”Description”] Sri Lankan Economy at a Defining Moment The task ahead […]
‘s inflation surges to 3.2-pct in January 2015: Central Bank
Jan 31, 2015 (LBO) –Sri Lanka inflation increased to 3.2 percent in January 2015 from 2.1 per cent in December 2014, on a year-on year basis, as a result of the increase in food prices, the Central Bank said in a media release. The data is based on the change in the Colombo Consumers’ Price […]
’s total public debt ratio increased to 88.9 pct – Finance Minister
Jan 31, 2015 (LBO) – Sri Lanka’s Total Debt to Gross Domestic Product (GDP) ratio would increase to 88.9 percent from reported 74.4 percent of the government debt in the end 2014, the Finance Minister has said. According to the provisional data, the outstanding debt of the government as at end 2014 was LKR 7,373 […]
‘s JKH to continue the Waterfront property project
Jan 30, 2015 (LBO) – Sri Lanka’s John Keells Holdings said it will continue the Waterfront property project as planned despite the new government’s amendment to restrict the ability to rent space for gamin facility.The company said this in a stock exchange filling today. JKH says even though the proposed amendment will constrain the ability […]
Custom Check
Jan 30, 2015 (LBO) – Sri Lanka™s Customs service will work round the clock in order to improve the service offered to the people and the improve island™s trade efficiency, Finance Minister Ravi Karunanayake said. The government expects around 50 billion rupee income from this measure. In an endeavor to improve the service offered to […]
Sri Lanka cuts taxes on cars with less than 1,000 cc: hybrids tax revised
Jan 30, 2015 (LBO) – Sri Lanka revised the vehicle taxes and cut taxes on the motor cars with engine capacity less than 1,000 cc by 15 percent, Finance Minister said yesterday presenting the mini budget. The changes has been taken place with effect from mid night yesterday. The Minister said that the measure has […]
’s government taxed individual car importers
Jan 30, 2015 (LBO) – Sri Lanka’s new government impose an annual license fee of 1.5 million rupees irrespective of the fact whether importers are engaged in importing brand new or used vehicles, Finance Minister said yesterday. However this tax will take away the freedom of individual citizens to import cars and open paths for […]
’s government reduce gas prices
Jan 29, 2015 (LBO) – Sri Lanka’s new government reduced the price of 12.5 Kilogram cylinder of gas by 300 rupees. Finance Minister Ravi Karunanayake announced the new adjustment in presenting the interim budget 2015 to the parliament. He said the price has been reduces as a measure to reduce the cost of living of […]
’s budget airline
Jan 29, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake said that the government plans to merge the national carrier SriLankan Airlines and the Mihin Lanka budget airline. He said the presenting the interim budget to the parliament today. “This will improve their efficiency and gradually reduce losses.” Karunanayake said. He said, the SriLankan […]