Category: Economy and Markets
‘s 2015 budget LIVE streaming
Oct 24, 2014 (LBO) – Sri Lanka’s President Mahinda Rajapaksa in his capacity as the Finance Minister currently delivers 2015 budget in Parliament. Watch Live:
Sri Lanka paddy farmers to benefit from budget 2015
Oct 24, 2014 (LBO) – Sri Lanka paddy farmers to get seed paddy free of charge in the budget 2015, President Mahinda Rajapaksa said, in his capacity as the Finance Minister. He said seed paddy for the 2014/2015 Maha Season will be provided free of charge to the farmers. Added to that he said the […]
Sri Lanka budget 2015 gives special attention to kidney patients
Oct 24, 2014 (LBO) – Sri Lanka’s hospitals located in Anuradhapura and Hambantota to have special units to diagnose and treat kidney diseases, President Mahinda Rajapaksa said presenting a budget for 2015. Also he said kidney patients will be receive a 3000 rupees monthly grant though the budget 2015. The mystery kidney disease is mostly […]
Sri Lanka government to increase the govt servants remuneration: Budget 2015
Oct 24, 2014 (LBO) – Sri Lanka’s government to increases monthly salary of the state sector employees to minimum 15,000 rupees, President Mahinda Rajapaksa said presenting a budget for 2015.He said the budget 2015 targets to minimize the salary anomalies of the state sector. The cost of living allowance of the state employees will be […]
Sri Lanka President suggests a minimum salary for private sector: Budget 2015
Oct 24, 2014 (LBO) – Sri Lanka president suggests to uplift the minimum salary of a private sector employee to 10,000 rupees from January 2015.He also suggest to increase minimum salary level by 500 rupees monthly for those who already get paid over 10,000 rupees per month. “The honorable speaker, I have seen the salaries […]
No tax changes for liquor and tobacco: Budget 2015
Oct 24, 2014 (LBO) – Sri Lanka President said that there will be no changes in the tax for liquor and tobacco due to the tax hike the government maid recently.President was presenting the budget for 2015 at the parliament. He said the government is expecting a 14,000 million rupees of additional income in 2015 […]
Sri Lanka state airlines to get $ 150 mn for further development: Budget 2015
Oct 24, 2014 (LBO) – Sri Lanka state airlines, SriLankan and Mihin air to get 150 million US dollars in year 2015 as the last phase for the development of its servicers, President said presenting a budget for 2015 at the parliament. He said the two airlines have gained the capacity of handling 25 airlines […]
‘s Ceylon Chamber expects budget proposals to be in line with the development agenda of the government
Oct 23, 2014 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce expects the ‘National Budget of 2015’ will be in line with the development agenda of the government, the chamber said in a media release. The Media Release by Ceylon Chamber of Commerce The Ceylon Chamber of Commerce expects the proposals that will be presented […]
Sri Lanka stocks close up 0.4-pct
Oct 23, 2014 (LBO) – Sri Lanka’s stocks closed higher with index heavy John Keells Holdings gaining amid net foreign buying ahead of the 2015 budget, brokers said. The Colombo benchmark All Share Price Index closed 28.35 points higher at 7,189.51, up 0.40 percent. The S&P SL20 closed 12.94 points higher at 3,991.59, up 0.33 […]
Sri Lanka stocks close down 0.7-pct
Oct 21, 2014 (LBO) – Sri Lanka’s stocks closed 0.72 percent lower with banking stocks losing ground despite net foreign buying, brokers said. Commercial Bank of Ceylon closed 2.30 rupees lower at 158.60 rupees and Commercial Leasing and Finance closed 20 cents lower at 4.60 rupees, contributing most to the index drop. Ceylinco Insurance closed […]
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Oct 21,2014 (LBO) – Sri Lanka Ceylon Chamber of Commerce plans to hold a post budget seminar to discuss the ‘National Budget of 2015’, which will be presented in Parliament on the 24thof October, 2014, chamber said in a media release. Top government officials, senior tax consultants and corporate executives have been lined up to […]
’’s growth
Oct 21, 2014 (LBO) – Sri Lanka’s Government urged to create a friendly regulatory framework to drive the growth of the small and medium enterprises in the island, chamber chief said. Tilt the policy framework in favor of SME’s, Suresh Shah, Chairman of the Ceylon Chamber of Commerce said. This is only fair since many […]