Author: lbostgadmin
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 […]
Sri Lanka cuts taxes on cars with less than 1,000 cc: hybrids tax revised
Jan 30, 2015 (LBO) – Sri Lanka revised the vehicle taxes and cut taxes on the motor cars with engine capacity less than 1,000 cc by 15 percent, Finance Minister said yesterday presenting the mini budget. The changes has been taken place with effect from mid night yesterday. The Minister said that the measure has […]
Custom Check
Jan 30, 2015 (LBO) – Sri Lanka™s Customs service will work round the clock in order to improve the service offered to the people and the improve island™s trade efficiency, Finance Minister Ravi Karunanayake said. The government expects around 50 billion rupee income from this measure. In an endeavor to improve the service offered to […]