Author: lbostgadmin
’s PM calls for Unity and Harmony among the communities in going forward
Feb 05, 2015 (LBO) – Sri Lanka has gained another chance to rebuild the nation with unity and harmony among communities, Sri Lanka’s Prime Minister Ranil Wickramasinghe said in an Independence Day message. Sri Lanka gained independence from British in 04th of February 1948 following a struggle led by the island’s first Prime Minister D […]
’s policy of Going Forward not what you see: Deputy Affairs Minister
Feb 05, 2015 (LBO) – Sri Lanka’s Deputy Policy Planning and Economic Affairs Minister Dr. Harsha de Silva, said that the new government would get the private sector and industry involved for a better economic policy in going forward. This is not necessarily means our policy Going Forward,” Our policy Going Forward will be formulated […]
Sri Lanka to generate revenue though taxes, not by printing money: Deputy Minister of Economy
Feb 05, 2015 (LBO) – Sri Lanka’s Deputy Policy Planning and Economic Affairs Minister Dr. Harsha de Silva, said that the new government would not print money to raise revenue to deliver election promises but would tax selected industries as a revenue generation measure. These must be look at not as individual effects or rather […]
Sri Lanka Chamber Chief says not all private sector cos have ill-gotten gains
Feb. 05, 2015 (LBO) – Sri Lanka’s Chamber Chief commenting on the slapping taxes on the private sector by the new government, said that not all private sector companies in the Island had ill-gotten gains. In terms of concerns on the budget actually yes, some of the one – off taxes will hurt. But if […]
’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, […]
Sri Lanka Treasury bill yields flat: Central Bank
Feb 02, 2015 (LBO) – Sri Lanka’s Treasury bill yields were flat on Monday’s auction with the 12-month yield unchanged at 6.05 percent, data from the state debt office showed. 6-month yield was also frozen at 5.90 percent and 1,325 million rupees were accepted from 5,660 million rupees. The debt office offered 12,000 million rupees […]
Corruption
Feb 02, 2015 (LBO) – Sri Lanka former Health Minister Tissa Attanayake had been arrested by the Criminal Investigation Department (CID) today. Speaking to media Police Spokesman Ajith Rohana said, the arrest was made on charges of creating forged documents during the Presidential Election held January. Attanayake was the general secretary at United National Party […]
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 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 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 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 […]
’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 […]