Category: Economy
Trade deficit for the nine months up US$ 631 million, to US$ 1.57 billion on an inflated fuel bill
New credit facilities from India and Iran to finance oil imports will help narrow a widening trade deficit, say the Central Bank.New credit facilities from India and Iran to finance oil imports will help narrow a widening trade deficit, say the Central Bank. Sri Lanka’s trade deficit for the nine months notched up US$ 631 […]
‘s Tiger supremo turns 50 amid war and peace choice
Elusive Tamil Tiger guerrilla supremo Velupillai Prabhakaran, who turns 50 on Friday, is arguably the man who will decide whether Sri Lanka remains at peace or returns to war.Elusive Tamil Tiger guerrilla supremo Velupillai Prabhakaran, who turns 50 on Friday, is arguably the man who will decide whether Sri Lanka remains at peace or returns […]
Paternity leave, on top of statutory leave is not an option, says the Sri Lankan government.
The 2005-Budget goodies will not extend to paternity leave on top of all the other sweeties, says the Sri Lankan government to disappointed Sri Lankan men.The 2005-Budget goodies will not extend to paternity leave on top of all the other sweeties, says the Sri Lankan government to disappointed Sri Lankan men. In November the UPFA […]
Budget tax proposals to go before tax cluster
A joint government-private sector tax cluster will re-examine all the changes to taxes proposed in the budget, says the Treasury Secretary.A joint government-private sector tax cluster will re-examine all the changes to taxes proposed in the budget, says the Treasury Secretary. “A special tax cluster will begin work next week under the NCED (National Council […]
Pakistan hopes to wrap up a trade deal with Sri Lanka this week to be operational by early next year
The Pakistani Premier says the FTA with Sri Lanka will be finalised this week and operational by early next year.The Pakistani Premier says the FTA with Sri Lanka will be finalised this week and operational by early next year. “We hope to finalise the FTA very soon.Talks are scheduled in the next two days in […]
The Ceylon Chamber Commerce has told the government that getting higher tax revenues will be a bigger challenge than controlling expenditure
The Ceylon Chamber Commerce has told the government that getting higher tax revenues will be a bigger challenge than controlling expenditure.The Ceylon Chamber Commerce has told the government that getting higher tax revenues will be a bigger challenge than controlling expenditure. Chamber Chairman Deva Rodrigo said the success of the first UPFA budget depends on […]
Next year’s budget success hinges on ambitious revenue targets, but a drop in economic growth, acutely shows the defeatism on the part of this nation.
Sri Lanka’s 2005 budget contained several measures to raise revenue and an ambitious target of cutting the revenue deficit to 1.3 percent of GDP from – 3.7 percent this year, and keeping the overall deficit at 7.6 percent of GDP. Sri Lanka’s 2005 budget contained several measures to raise revenue and an ambitious target of […]
Making babies, the UPFA way
Adorned in a very western two piece suit, Sri Lanka’s Harvard and University of France educated Finance Minister Dr. Sarath Leelananda Bandara Amunugama Thursday presented the United Peoples Freedom Alliances maiden budget speech in Sinhalese. Adorned in a very western two piece suit, Sri Lanka’s Harvard and University of France educated Finance Minister Dr. Sarath […]
Key state enterprises are being dressed up for commercial viability, while government hunts for fund manager to manage Rs. 15 bn in excess cash
Key state enterprises are being dressed up for commercial viability, while government hunts for fund manager to manage Rs. 15 bn in excess cash. Key state enterprises are being dressed up for commercial viability, while government hunts for fund manager to manage Rs. 15 bn in excess cash. Professional fund managers will get a chance […]
Sri Lanka’s cash strapped government plans to fill up the coffers with higher taxes, but has scrapped plans for privatisation, according the budget estimates for 2005
Sri Lanka’s cash strapped government plans to fill up the coffers with higher taxes, but has scrapped plans for privatisation, according the budget estimates for 2005 released on Thursday Sri Lanka’s cash strapped government plans to fill up the coffers with higher taxes, but has scrapped plans for privatisation, according the budget estimates for 2005 […]
Tigers blame Sri Lanka president for talks deadlock
Sri Lanka’s Tamil Tiger rebels accused President Chandrika Kumaratunga of “deceit” as she gave the guerrillas two weeks to decide if they wanted to revive stalled peace negotiations Sri Lanka’s Tamil Tiger rebels accused President Chandrika Kumaratunga of “deceit” as she gave the guerrillas two weeks to decide if they wanted to revive stalled peace […]
Petrol and diesel would be market priced in the future, Finance Minister says
In a hopeful sign that responsible economic management may be returning to the country, Finance Minister Sarath Amunugama said, petrol and diesel would be market priced in the future. In a hopeful sign that responsible economic management may be returning to the country, Finance Minister Sarath Amunugama said, petrol and diesel would be market priced […]