SriLankan Airlines restructuring dragged further even after 2 years
Nov 21, 2017 (LBO) – Restructuring process of SriLankan Airlines align with suitable business partner dragged further even after two years without having …
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North Central Province has the most affordable land prices
By LankaPropertyWeb.com According to the Land Affordability Index compiled by the leading property website LankaPropertyWeb.com, which compares the land prices …
Sri Lanka’s new Foreign Exchange Act comes into effect
Nov 20, 2017 (LBO) – Sri Lanka’s new Foreign Exchange Act No 12 of 2017 has come into effect from today. New Act covers matters including classes of …
Sri Lanka incurs Rs. 50.6Bn loss due to delay in implementing planned power plants: PUCSL
Nov 20, 2017 (LBO) – The Public Utilities Commission of Sri Lanka (PUCSL) says that it has estimated a financial loss of 50.6 billion rupees due to the …
Finance Minister says budget aims at fast tracking liberalization
Nov 17, 2017 (LBO) – Sri Lanka’s Finance Minister said they are aiming at fast tracking liberalisation with legislative reforms as they have identified …
Sri Lanka wants to amend Hambantota Port concession agreement
Nov 16, 2017 (LBO) – Sri Lanka’s cabinet revealed Wednesday that Ports Minister sought cabinet approval to amend the current concession agreement of the …
Sri Lankan Beer makers to regain market share with tax changes: Fitch
Nov 15, 2017 (LBO) – Sri Lanka’s beer industry will regain market share from hard liquor following a more favourable tax regime for the segment …
Sri Lanka to give Rs.15Bn as concessionary loans to target sectors: Finance minister
Nov 15, 2017 (LBO) – The Ministry of Finance says that it will create a credit scheme with the allocation of 15 billion rupees in target sectors for low …
Sri Lanka to gazette guidelines on adventure tourism by March 2018
Nov 14, 2017 (LBO) – Sri Lanka’s Policy Development Office said steps are being taken to promulgate regulations related to all adventure tourism activities …
PCs should tax businesses with quarterly income up to Rs3mn: FC
Nov 13, 2017 (LBO) – Sri Lanka’s Finance Commission (FC) has recommended that Provincial Councils should be allowed to collect taxes from business entities …
Sri Lanka official reserves improve to USD7.5bn by end October
Nov 13, 2017 (LBO) – Sri Lanka’s gross official reserves have improved to 7,489.98 million US dollars by end October from 7,288.12 million dollars in …
No investigation against war heroes for involvement in war: President
Nov 13, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena says that no investigation has been conducted by the present government regarding …
Colombo district land price index up 12.6-pct in 1H 2017: CBSL
Nov 10, 2017 (LBO) – Sri Lanka’s Central Bank says that on yearly basis Land Price Index for the period ending June 2017 has increased 12.6 percent, …
Debt Repayment Levy for banks will be tax deductible: Finance Minister
Nov 10, 2017 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera told Parliament Friday that the planned bank levy will be a tax deductible business …
Sri Lanka to cut taxes on electric vehicles, introduce carbon tax
Nov 09, 2017 (LBO) – Sri Lanka will cut taxes on electric cars by at least one million rupees, Finance Minister Mangala Samaraweera said. Samaraweera said …
Sri Lanka plans primary surplus of 1-pct of GDP in budget 2018
Nov 09, 2017 (LBO) – Sri Lanka hopes to achieve for the first time in almost 6 decades a primary surplus of 1 percent of GDP in budget 2018, Finance Minister …
Sri Lanka tourist arrivals up 1.3-pct in Oct, Chinese visitors drop
Nov 09, 2017 (LBO) – Sri Lanka tourist arrivals rose 1.3 percent to 152,429 in October 2017 from a year earlier amid subdued growth in the main Indian and …
Sri Lanka to investigate allegations of torture under new government
Nov 09, 2017 (LBO) – Sri Lanka’s Foreign Ministry says it will ensure that allegations of torture committed in the country will be investigated and …
Cabinet approves setting up new High Court for corruption cases
Nov 08, 2017 (LBO) – Sri Lanka’s cabinet has granted approval to establish a separate High Court under the article 105 (1) (c) of the constitution to …
Norochcholai power plant to purchase coal under spot tender
Nov 08, 2017 (LBO) – Sri Lanka’s cabinet has granted approval to purchase 300,000 metric tons of coal for the Norochcholai power plant under a spot tender …