Author: lbostgadmin
Double-Edged
One month after the Asian tsunamis, donor countries are making history by quickly following through on their promises of aid.The question remains how the billions of dollars can be used in the long-term to reconstruct shattered lives.One month after the Asian tsunamis, donor countries are making history by quickly following through on their promises of […]
Tax Drive
The Inland Revenue is launching an intensified tax collection drive, up to June this year, to meet budgeted revenue targets.The Inland Revenue is launching an intensified tax collection drive, up to June this year, to meet budgeted revenue targets. “Around half of the tax payers are yet to settle their full dues to the department […]
Peacebroker Norway ends a four-day mission to Sri Lanka after apparently wringing concessions from government and rebels
Peacebroker Norway ended a four-day mission to Sri Lanka after apparently wringing concessions from government and rebels on the need to cooperate in distributing foreign tsunami aid.Peacebroker Norway ended a four-day mission to Sri Lanka after apparently wringing concessions from government and rebels on the need to cooperate in distributing foreign tsunami aid. The last […]
Heavy Bag
Sri Lanka’s government has estimated the cost of rebuilding after last month’s devastating tsunami at billion, with a bulk of the money needed for housing, fishing boats and water supply facilities.Sri Lanka’s government has estimated the cost of rebuilding after last month’s devastating tsunami at $2 billion, with a bulk of the money needed for […]
Closing In
Apply for tax amnesty before January 31 to avoid post 2002 tax investigations, says the Inland Revenue.Apply for tax amnesty before January 31 to avoid post 2002 tax investigations, says the Inland Revenue. The blanket tax amnesty granted in 2003 is no longer valid and the taxmen are closing in on tax evaders. One way […]
On the Road
An Rs 12 bn road development programme, over the next 4 years, is waiting for donor and lending agency funding.An Rs 12 bn road development programme, over the next 4 years, is waiting for donor and lending agency funding. “We have identified and submitted to the government, long term road development projects, for donor funding,” […]
Asian Dollars
In a camp for internally displaced persons (IDPs) here, Ganesh Thuraivasa, 38, is a fisherman who lost his fishing boat and nets in the tsunami that struck Sri Lanka’s eastern coastline on 26 December.In a camp for internally displaced persons (IDPs) here, Ganesh Thuraivasa, 38, is a fisherman who lost his fishing boat and nets […]
Dissident election candidates win Maldivian capital, but no threat to Gayoom
Pro-democracy activists Sunday won both seats reserved for the capital island Male in the Maldives post-tsunami parliamentary vote, but President Maumoon Abdul Gayoom was still seen consolidating his position as Asia’s longest serving leader.Pro-democracy activists Sunday won both seats reserved for the capital island Male in the Maldives post-tsunami parliamentary vote, but President Maumoon Abdul […]
Keeping the Balance
International Monetary Fund (IMF) said its board will consider granting US$ 160 million in emergency assistance and said the country needs to focus on maintaining macro economic balance and financial stability. International Monetary Fund (IMF) said its board will consider granting US$ 160 million in emergency assistance and said the country needs to focus on […]
Fishing: In Troubled Waters
Fishermen one of the poorest segments in the population was hard hit by the tsunami.The tidal waves wiped out two thirds of the country’s fishing fleet leaving thousands without incomes. Fishermen one of the poorest segments in the population was hard hit by the tsunami. The tidal waves wiped out two thirds of the country’s […]
Warning
The IMF has warned that high inflation would burn up the benefits of the large amounts of aid being pledged for Sri Lanka’s post tsunami reconstruction. The IMF has warned that high inflation would burn up the benefits of the large amounts of aid being pledged for Sri Lanka’s post tsunami reconstruction. A top executive […]
PFI margin up
The Central Bank has agreed to increase the intermediation margin for financial institutions for on-lending money to tsunami affected small businesses.The Central Bank has agreed to increase the intermediation margin for financial institutions for on-lending money to tsunami affected small businesses. The Bank earlier said commercial banks would get 1 percent for intermediation cost for […]