Author: lbostgadmin
Makeover Magic
Customs, Excise and Inland Revenue departments are going on an intensive fitness regime next year to beef up tax collection.Customs, Excise and Inland Revenue departments are going on an intensive fitness regime next year to beef up tax collection. “We will strengthen the revenue collection bodies starting with the Inland Revenue and subsequently Customs and […]
Malnutrition spreads faster in Tiger territory: UN agency
The United Nations World Food Program Tuesday said that malnutrition was spreading at an alarming rate in Sri Lanka’s Tamil rebel-held regions with nearly one in five children suffering stunted growth.The United Nations World Food Program Tuesday said that malnutrition was spreading at an alarming rate in Sri Lanka’s Tamil rebel-held regions with nearly one […]
Sri Lanka in new bid to restart peace talks
Sri Lanka has made a new proposal to revive peace talks with Tamil Tiger rebels amid intense pressure from foreign aid donors, officials and a press report said Tuesday.Sri Lanka has made a new proposal to revive peace talks with Tamil Tiger rebels amid intense pressure from foreign aid donors, officials and a press report […]
Indian arrivals to push tourism in 2005?
Tourist arrivals are expected to grow by 20 percent next year fuelled by Indian arrivals and a change of marketing strategy.Tourist arrivals are expected to grow by 20 percent next year fuelled by Indian arrivals and a change of marketing strategy. In November this year India displaced UK as Sri Lanka’s chief tourist market because […]
Satellite Operations
Sampath Bank is infusing over Rs.75 mn to float a specialised leasing unit, to capitalise on the growing trend for operating leases.Sampath Bank is infusing over Rs. 75 mn to float a specialised leasing unit, to capitalise on the growing trend for operating leases. The yet-to-be-named company will start operations early next year, with Sampath […]
Chequing Out
Moving in with the paperless world, Sri Lanka will introduce a computer images based cheque clearances system to speed up transactions, by August 2005. “We are hoping to get the image based clearance system fully operational by August 2005,” said Justin Wickramasinghe, CEO of Sri Lanka’s cheque clearing house LankaClear (Pvt) Ltd, on Tuesday. The […]
Big Brother
Sri Lankan authorities are tightening scrutiny on export inflows as the country battles an exchange crisis brought about by falling capital flows and rising imports.Sri Lankan authorities are tightening scrutiny on export inflows as the country battles an exchange crisis brought about by falling capital flows and rising imports. The Department of Exchange Control, an […]
Loanly Treasury – Wrapping Up
The Treasury is planning to issue a fresh US$ 100 mn of commercial bonds next year while giving up on cheaper program loans from lenders.The Treasury is planning to issue a fresh US$ 100 mn of commercial bonds next year while giving up on cheaper program loans from lenders. The government has already issued US$ […]
Sri Lanka and Pakistan to tie the FTA knot by end December?
The free trade agreement with Pakistan is likely to be finalised by end of December, said the Treasury Secretary on Monday.The free trade agreement with Pakistan is likely to be finalised by end of December, said the Treasury Secretary on Monday. “Hopefully over the next two weeks we can finalise the FTA with Pakistan,” said […]
Plugging In
India’s National Thermal Power Corporation has put in a bid to develop a 300 MW coal power plant in Sri Lanka, Indian news wires reported today.India’s National Thermal Power Corporation has put in a bid to develop a 300 MW coal power plant in Sri Lanka, Indian news wires reported today. The proposal sent to […]
‘s tourism cheer in the New Year
Sri Lanka’s tourism industry is set to wrap up its best year ever thanks to a truce between troops and Tiger rebels, but fears of a return to war have made the flourishing sector jittery once again.Sri Lanka’s tourism industry is set to wrap up its best year ever thanks to a truce between troops […]
Taxing Times
Tax changes proposed in Budget-2005 will go before Parliament early next year, says the Treasury.Tax changes proposed in Budget-2005 will go before Parliament early next year, says the Treasury. “We will get the changes to the indirect taxes approved by January 31, 2005 and income tax changes by March 31, 2005,” said Treasury secretary, P […]