Author: lbostgadmin
Tax Break
The Inland Revenue is adding priority banking to its list of concessions to good taxpayers.The Inland Revenue is adding priority banking to its list of concessions to good taxpayers. Inland Revenue’s Deputy Commissioner H B Senevirathne said a number of banks have agreed to offer concession to good tax payers, including startup-charge free credit cards […]
”s east
Suspected Tiger gunmen shot dead a police officer in Sri Lanka’s troubled east today, hours after former US president Bill Clinton visited the restive region, police said. Suspected Tiger gunmen shot dead a police officer in Sri Lanka’s troubled east today, hours after former US president Bill Clinton visited the restive region, police said. Inspector […]
Guessing Game
The head of government’s Strategic Enterprises Management Authority (SEMA) says proposals to build two coal power plants would be accepted to overcome energy crisis as key unions opposed donor-backed reforms.The head of government’s Strategic Enterprises Management Authority (SEMA) says proposals to build two coal power plants would be accepted to overcome energy crisis as key […]
Be Prepared
Central Bank is pushing commercial banks to improve risk management and be ready to adopt stringent ‘BASEL II’ standards soon after they are implemented.Central Bank is pushing commercial banks to improve risk management and be ready to adopt stringent ‘BASEL II’ standards soon after they are implemented. The banks deputy governor Ranee Jayamaha told LBR […]
Booby Trapped?
Dozens of Sri Lankans go overseas to surgically enhance their looks according to a local conglomerate that introduced a brand of implants to the local market. Dozens of Sri Lankans go overseas to surgically enhance their looks according to a local conglomerate that introduced a brand of implants to the local market. But importers are […]
The Challenge
A think tank said implementation will be the main challenge for the government now that donors have pledged the full tsunami reconstruction requirement. A think tank said implementation will be the main challenge for the government now that donors have pledged the full tsunami reconstruction requirement. The Institute of Policy Studies says transparency and accountability […]
Sovereign Rating Soon
Government has appointed a steering committee in a renewed push to obtain a sovereign rating ahead of attempts to tap the international market for debt to lower the borrowing cost. Government has appointed a steering committee in a renewed push to obtain a sovereign rating ahead of attempts to tap the international market for debt […]
Sri Lankan president vows aid deal with Tigers amid Clinton pressure
Sri Lankan President Chandrika Kumaratunga Sunday vowed to share foreign aid with Tamil rebels a day after former US president Bill Clinton urged local politicians to support the controversial move.Sri Lankan President Chandrika Kumaratunga Sunday vowed to share foreign aid with Tamil rebels a day after former US president Bill Clinton urged local politicians to […]
Road Across
Japan on Friday gave close to US$ 10 million to Sri Lanka to construct a bridge across the Mahaweli River – a link on the A-11 road, which is a key access route to the east coast.Japan on Friday gave close to US$ 10 million to Sri Lanka to construct a bridge across the Mahaweli […]
Smoke Signals
Sri Lanka’s Central Bank is spearheading a nationwide census to smoke out some 20,000 unregulated financial entities, a top official said Friday. Sri Lanka’s Central Bank is spearheading a nationwide census to smoke out some 20,000 unregulated financial entities, a top official said Friday. Central Bank’s Deputy Governor Ranee Jayamaha says unlicensed deposit taking institutions […]
Tea production continues to grow, with low elevations recovering after December Tsunami
Sri Lanka’s April 2005 tea output topped 32.21 million kilos, up 8 percent over the previous record for the highest monthly volume, posted in April 2004. Tea production up to April 2005 at 104.8 million kilos is also some 3 percent up from the 102 million kilos produced in the first four months of 2004. […]
Steering Off
Shippers and ship agents say a lack of commitment from consecutive governments is eroding Sri Lanka’s advantages in the maritime business. Shippers and ship agents say a lack of commitment from consecutive governments is eroding Sri Lanka’s advantages in the maritime business. A Ceylon Chamber of Commerce forum on port development and its impact on […]