Author: lbostgadmin
Taxing Max
Tax experts say that government’s ad hoc changes to taxes outside the budget harms the stability of the fiscal environment. Tax experts say that government’s ad hoc changes to taxes outside the budget harms the stability of the fiscal environment. They also believe that the Economic Service Charge has not looked positive on a cross […]
Finance Minister Sarath Amunugama says, the rising budget deficit forced the government to print money
Central Bank this week started to raise rates to stop rising inflation, caused by the government printing money. Central Bank this week started to raise rates to stop rising inflation, caused by the government printing money. But Finance Minister Sarath Amunugama says, the rising budget deficit forced the government to print money, and will attempt […]
Latest Norway bid to end Sri Lanka talks deadlock ends without breakthrough
Norway’s latest bid to salvage Sri Lanka’s faltering peace process ended without a breakthrough but the antagonists have pledged to continue to uphold a fragile truce, rebels and officials said Friday.Norway’s latest bid to salvage Sri Lanka’s faltering peace process ended without a breakthrough but the antagonists have pledged to continue to uphold a fragile […]
Redial
The telecom watchdog is hoping to revive a 2002 National Communications Policy (NCP), which was to give greater independence and authority to the regulator, while easing technology restrictions in deploying network infrastructure.The telecom watchdog is hoping to revive a 2002 National Communications Policy (NCP), which was to give greater independence and authority to the regulator, […]
Brought to Book
On Friday 150 policemen from all parts of the island graduated from a US funded training programme on management techniques.On Friday 150 policemen from all parts of the island graduated from a US funded training programme on management techniques. “Approximately one hundred and fifty members of the Sri Lankan Police graduated today from a round […]
Sri Lanka is vying for more attention in the global tourism trail, as globetrotters shrug off economic downturn and terrorism fears to travel
Sri Lanka is vying for more attention in the global tourism trail, as globetrotters shrug off economic downturn and terrorism fears to travel.Sri Lanka is vying for more attention in the global tourism trail, as globetrotters shrug off economic downturn and terrorism fears to travel. The global tourism trade will close strong this year, with […]
Model Trains
The local railway is hoping to build its fleet by making trains at home but the plan hinges on a successful test run next year. The local railway is hoping to build its fleet by making trains at home but the plan hinges on a successful test run next year. Sri Lanka’s railway coupled up […]
Tigers give new message on reviving Sri Lanka peace talks
Sri Lanka’s Tamil Tiger rebels Thursday said they conveyed a secret message to President Chandrika Kumaratunga through peace broker Norway on ending a 19-month deadlock on negotiations.Sri Lanka’s Tamil Tiger rebels Thursday said they conveyed a secret message to President Chandrika Kumaratunga through peace broker Norway on ending a 19-month deadlock on negotiations. The rebel […]
Sri Lankan PM to attend Arafat funeral
Sri Lanka’s Prime Minister Mahinda Rajapakse will attend the funeral of Palestinian leader Yasser Arafat, a spokesman said Thursday.Sri Lanka’s Prime Minister Mahinda Rajapakse will attend the funeral of Palestinian leader Yasser Arafat, a spokesman said Thursday. “The prime minister will be at the funeral although he had arranged to launch a new initiative for […]
Little Secrets
Manoj Susantha holds up sachets of hair gel Small is big, with sachets of just about all consumer care goods, from shampoos and creams to schoolboy grease, driving a personal care revolution among rural youth. Manoj Susantha holds up sachets of hair gel Small is big, with sachets of just about all consumer care goods, […]
Central Bank blames rate hike on skyrocketing inflation
The Central Bank plucked up the courage to raise benchmark interest rates up by 50 basis points with immediate effect, putting an end to Sri Lanka’s 12 month honeymoon of low interest rates. The Central Bank plucked up the courage to raise benchmark interest rates up by 50 basis points with immediate effect, putting an […]
The Central Bank raises its key short-term interest rates by 50 basis points with immediate effect.
After a 12-month lag, the Central Bank raised its key short-term interest rates by 50 basis points with immediate effect on Wednesday. After a 12-month lag, the Central Bank raised its key short-term interest rates by 50 basis points with immediate effect on Wednesday. The Repurchase (Repo) rate went up from 7.0% to 7.5% and […]