Sri Lankan exporters welcome incentives, criticise lost tax breaks
Nov 08, 2007 (LBO) – Sri Lankan exporters Thursday welcomed incentives in the government’s 2008 budget but warned reduced tax holidays and higher …
Budget
Sri Lanka budgets 7-pct deficit for 2008
Nov 07, 2007 (LBO) – Sri Lanka says the budget deficit for 2008 would be 7.0 percent of the economy and the country was hoping to balance its revenues …
Sri Lanka to limit tax holidays – Update II
Nov 07, 2007 (LBO) – Sri Lanka would cap tax holidays to a maximum of three years from 2008, and extend tax incentives only to low income housing and …
Sri Lanka talks growth-inflation tightrope
Nov 07, 2007 (LBO) – Central Bank governor Ajith Nivard Cabraal said that tight monetary policy and efforts to reduce the budget deficit should trim …
Sri Lanka seeks budget balance between subsidies and development
Nov 07, 2007 (LBO) – Sri Lanka is seeking a balance between subsidies and development in a budget for 2008 to be presented today, as officials said …
Sri Lanka leader says terrorism must be defeated to achieve peace
Nov 07, 2007 (LBO) – Sri Lankan President Mahinda Rajapakse said Wednesday that Tamil Tiger separatist terrorism has to be defeated in order to achieve …
Sri Lankan ship owners win tax relief in budget
Nov 07, 2007 (LBO) – Sri Lanka ship owners won a tax concession in the government’s budget for 2008 presented in parliament Wednesday by president …
Sri Lanka government moves into shop keeping
Nov 07, 2007 (LBO) – Sri Lanka’s government which has been unable to provide adequate public goods such as roads, power or water to its people for …
Sri Lanka to lower fuel prices by taxing other goods
Nov 07, 2007 (LBO) – Sri Lankan President Mahinda Rajapaksa said Wednesday that fuel prices will be maintained at current levels …
Sri Lanka slaps tax on wireless fixed phones
Nov 07, 2007 (LBO) – The Sri Lankan government Wednesday said it would extend a 10 percent tax on mobile phones to wireless CDMA phones in an effort to …
Sri Lankan independent media slams budget photo ‘censorship’
Nov 07, 2007 (LBO) – Sri Lankan media groups Wednesday condemned government restrictions on private media covering the 2008 budget speech by President …
Sri Lankan earnings from abroad to be tax free
Nov 07, 2007 (LBO) – Incomes earned abroad by Sri Lankans including dividends and interest earned abroad that is remitted through the banking sector …
India software exports head for 60-billion-dollar mark
BANGALORE, India, July 2, 2007 (AFP) – India’s exports of software and related services are expected to almost double in three years to 60 billion …
Bankers’ fear that deemed dividend tax may hurt capital of Sri Lankan banks
Nov 21 (LBO) – A controversial tax to force Sri Lankan companies to pay dividends would undermine the health of the commercial banks by depleting their …
Sri Lanka monetary policy slammed at economists’ parley for feeding a credit bubble, inflation
November 21 (LBO) – Sri Lanka’s loose monetary policy came under fire at a gathering of top economists and business leaders in the country, with …
Foreign, local loans to finance Sri Lanka’s record deficit
Nov 17, 2006 (AFP) – Sri Lanka is set to borrow heavily abroad and at home in a bid to finance a record 2.18 billion dollar budget deficit next year, …
Sri Lanka plans 9.1 percent budget deficit in 2007
November 16, 2006 (LBO) – Sri Lanka is expecting a 9.1 percent budget deficit in 2007, with the revised budget deficit for 2006 being estimated at 8.7 …
Sri Lanka merges ‘election’ banks after two year experiment
Nov 17, 2006 (LBO) – After creating two new state banks in successive budgets, Sri Lanka’s government is planning to merge and consolidate them …
Sri Lanka gives tax incentives to develop shipping industry
November 16, 2006 (LBO) – Sri Lanka is to give a range of tax incentives and relaxed foreign borrowing restrictions to boost shipping and allied maritime …
Sri Lanka’s construction industry to get tax concessions
November 16, 2006 (LBO) – The government is giving tax benefits to the domestic construction industry in Sri Lanka to help them undertake large projects …