Author: lbostgadmin
PTL Watch: Minimal activity, buying in 15 and 20-year bonds
[pdf-embedder url="https://www.lankabusinessonline.com/wp-content/uploads/2015/11/06th-November-2015-PDF.pdf%22]
BOND IS BACK
Bond is back in SPECTRE and VisitBritain and the GREAT Britain campaign is once again utilizing 007’s iconic international profile to show the world what makes Britain GREAT. The British High Commission (BHC) in Colombo hosted an event at Westminster House, with the attendance of Prime Minister Hon. Ranil Wickremasinghe, Ministers and members of Parliament, […]
Sri Lanka need not maintain super gain tax: PM
Nov 06, 2015 (LBO) – Sri Lanka’s much talked about super gain tax imposed by the new administration in its interim budget 2015 need not be maintained, Prime Minister Ranil Wickremesinghe told Parliament on Thursday.“With the intermediate budget guidelines, we imposed a Super Gain Tax. This was based on the fact that the demand for […]
Full text of Economic Policy Statement made by PM in Parliament
Economic Policy Statement made by Prime Minister, Ranil Wickremesinghe in Parliament on 5th November 2015 Hon. Speaker, On the 08th of January, the people of Sri Lanka elected Maithripala Sirisena as the President in pursuit of much needed change. This was confirmed at the Parliamentary Election held in August. Our final goal is to improve […]
Big names needed to bring tourists, says Managing Director of Aitken Spence
Sustained promotion and consistent branding of Sri Lanka as a holiday destination are essential if the country is to overhaul its tourism industry, Rajan Brito, the Deputy Chairman and Managing Director of the conglomerate Aitken Spence has said. Speaking during a wide-ranging interview he gave to the global publishing, research and consultancy firm Oxford Business […]
PM outlines economic reforms in parliament
Nov 05, 2015 (LBO) – Sri Lanka’s Prime Minister in parliament outlined several measures to be taken by the government. Key points: – Generating of one million job opportunities under third generation of reforms – budget deficit to be reduced to 3.5 percent by 2020 – world economic environment will be tough next year – […]
Sri Lanka to give freehold lands and houses, 500,000 new houses to be constructed
Nov 05, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe today said that the government plans to give freehold lands and houses to the people who have been enjoying it and will construct 500,000 new houses in rural, semi urban and urban areas.Making a special statement at the Parliament today Prime Minister Wickremesinghe said that […]
Sri Lanka urged to bring legislations for policy reforms: Harsha De Silva
Nov 05, 2015 (LBO) – Sri Lanka should urgently bring legislations to give effect to the needed policy reforms to become a highly competitive social market economy, Deputy Minister Harsha De Silva said.“The 3rd generation economic reforms, as referred to and presented by Prime Minister Ranil Wickremesinghe today in Parliament, has gone beyond even what […]
Sri Lanka’s budget 2016 will make life easy for all: Ravi K
Nov 05, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake has said that the upcoming budget 2016 will make ordinary people’s life easy, especially the fixed wage earners.But 60 percent of the affluent class are not paying taxes. Accordingly, the economy needs to be properly structured, reformed and strengthened, Karunanayake said. The Budget 2016 […]
Sri Lanka targets budget deficit of 3.5-pct of GDP by 2020
Nov 05, 2015 (LBO) – Sri Lanka wants to reduce the budget deficit to 3.5 percent of gross national production in the medium term by 2020, the Prime Minister said.Prime Minister Ranil Wickremesinghe made this statement in Parliament a short while ago while presenting the new governments medium term economic framework. The Finance Minister Ravi […]
Aitken Spence to buy 20-pct stake in Fiji Ports Corporation
Nov 05, 2015 (LBO) – Sri Lanka’s diversified conglomerate Aitken Spence and Fiji National Provident Fund is planning to buy 59 percent stake in Fiji Ports Corporation, Aitken Spence said in a stock exchange filing.An agreement has been signed with the Fiji government to acquire the corporation, an entity wholly owned by the government which […]
New Zealand business delegates meet local Corporate heads
Innovative New Zealand businesses who visited Colombo this week to continue forging business and trade links with Sri Lanka, met with Sri Lankan business heads at a reception hosted by HE Grahame Morton, High Commissioner to India, Sri Lanka, Bangladesh and Nepal at the Taj Samudra. Seventeen New Zealand companies from a range of industries […]