Sri Lanka faces Rs. 10 bn revenue shortfall due to recent populist tax cuts
Over one and quarter billion rupees is likely to be lost due to government's recent Value Added Tax (VAT) exemptions on milk-powder and LP Gas. Over one and …
Commercial Bank structures derivative deal for its leasing unit
Sri Lanka's Commercial Bank of Ceylon, has structured an interest rate swap with a notional value of Rs. buy vidalista online …
Counting Chickens?
State-run Bank of Ceylon is negotiating with the Treasury to re-price Rs. buy diflucan online …
Re-routed
Sri Lanka Telecom’s tariff dispute could set the telco giant back by a few billions in profits depending on how the Appeal Court ruling against its tariff is …
Curfew in Sri Lanka’s northern Jaffna after top policeman killed
Security was stepped up and a curfew imposed in Sri Lanka's northern Jaffna peninsula following the murder of a senior police officer and a sharp rise of …
President condemns Jaffna deaths
Sri Lanka's President Chandrika Kumaratunga has condemned the deaths of a police official and a barber in the northern town of Jaffna Sri Lanka's President …
Bad Line
The proposed caller party pays (CPP) interconnection regime continues to receive negative feedback as the regulator hears public opinion on the issue this …
Sri Lankan policeman killed by mob after barber’s death
A senior police officer was murdered by a mob in northern Sri Lanka Thursday after a barber giving a hair cut was accidentally shot dead, police chief Chandra …
VAT on milks foods and gas to be removed to reduce cost of living
The government announced it will remove VAT on milk foods and gas to reduce the cost of living but increased VAT on other items without announcing it. online …
Newly merged NDB Bank retains its credit rating
The newly merged NDB Bank has retained its AA (sri) rating for its long-term unsecured senior debt from Fitch Ratings Lanka, the credit rating agency said …
Dialing Now
Incumbent fixed line operator Sri Lanka Telecom says it could be issued with a CDMA wilress services license as early as Thursday. Incumbent fixed line …
VAT on luxury items goes up to 20%
Value Added Tax or VAT on the government list of luxury items went up from 18 percent to 20 percent from August 1, said the Inland Revenue. Value Added Tax or …
IMF bowls a googly to Sri Lanka
The International Monetary Fund on Wednesday urged Sri Lanka to restore the independence of its Central Bank, tighten monetary policy and urged cut backs in …
Pumping in fresh water post tsunami
The International Red Cross and Red Crescent Society will pump in some US$ 30 mn over two years to set up water treatment and distribution systems in tsunami …
Securities watchdog drafts laws to regulate unquote debt issues
The securities watchdog is drafting new guidelines to regulate unquoted debt paper issued by listed companies, its Director General said Tuesday. The …
Plug ‘N Play
Suntel Ltd., a unit of Sweden's Overseas Telecom AB, has launched a pre-paid fixed line service with an eye to tap the low and middle income segments, …
Norwegian mediator puts work in Sri Lanka on hold
OSLO, Aug 1 (AFP) - A leading Norwegian mediator in the ongoing peace process in Sri Lanka said on Monday he would put his mediation work on hold to …
Sri Lanka picks Citigroup as sovereign rating advisors
Sri Lanka has picked Citigroup N. A. as an advisor for its upcoming sovereign rating, the Central Bank said Monday. Sri Lanka has picked Citigroup N. A. as an …
Flight Options
Singapore and Sri Lanka will sign an Open Skies deal on Thursday, opening up unlimited numbers of air routes to spur traffic between the countries. buy caverta …
Semi-Detached
Newly merged NDB Bank Ltd may look at buying out its partners in its housing bank, with an eye to consolidate operations, officials said Monday.buy premarin …