Category: Industry
This For That
Government is likely to lose up to Rs.7 billion in VAT collections after the Cabinet decided to remove the tax from diesel imports.Government is likely to lose up to Rs. 7 billion in VAT collections after the Cabinet decided to remove the tax from diesel imports. The VAT removal legitimizes the Treasury policy towards the […]
CEB: Plug Pulled
The Japanese government, that pulled the plug on a US$ 30 million program loan linked to power sector reforms, says government will have to renegotiate funding under its new unbundling plan for the CEB. The Japanese government, that pulled the plug on a US$ 30 million program loan linked to power sector reforms, says government […]
Clear Run
Sri Lanka was cleared of a tsunami alert after an earthquake of a magnitude of 7.3 on the Richter scale was reported in the Nicobar Islands at 9.42 pm local time, meteorological department officials said Sunday.Sri Lanka was cleared of a tsunami alert after an earthquake of a magnitude of 7.3 on the Richter scale […]
‘s the Fuss?
Sri Lanka’s cash strapped Treasury will forego Rs. 7 billion in revenue as the government scraps the value added tax component on diesel with immediate effect, officials said.Sri Lanka’s cash strapped Treasury will forego Rs. 7 billion in revenue as the government scraps the value added tax component on diesel with immediate effect, officials said. […]
Hurdle One
Newly minted power sector reforms that sailed through Cabinet on Wednesday, may take about a year to implement, and if the government can scrape together enough votes. Newly minted power sector reforms that sailed through Cabinet on Wednesday, may take about a year to implement, and if the government can scrape together enough votes. That […]
Blushing Bride?
Sri Lanka’s first listed dotcom is raising cash for expansion, amidst talk of a possible take-over by a company in the medical sector.Sri Lanka’s first listed dotcom is raising cash for expansion, amidst talk of a possible take-over by a company in the medical sector. Each day hundreds of Sri Lankans use www.echannelling.com to make […]
VAT’s the Fuss?
Sri Lanka’s cash strapped Treasury will forego Rs. 7 billion in revenue as the government scraps the value added tax component on diesel with immediate effect, officials said.Sri Lanka’s cash strapped Treasury will forego Rs. 7 billion in revenue as the government scraps the value added tax component on diesel with immediate effect, officials said. […]
Pension Scam
Authorities have bared a massive scam that drained millions from the Sri Lankan government pension system, by submitting falsified documents.Authorities have bared a massive scam that drained millions from the Sri Lankan government pension system, by submitting falsified documents. Officials say in one case, a person purporting to be resident in Canada had claimed two […]
Extended Talk Time
Mobile operator Celltel Lanka is luring its pre-paid customers with steep discounts to call selected overseas destinations.Mobile operator Celltel Lanka is luring its pre-paid customers with steep discounts to call selected overseas destinations. Starting July 25, Celltel users will be charged Rs. 11 (peak) and Rs. 8 (off peak) on foreign outgoing calls. The tariffs […]
Seeing Red
Linux server and desktop operating systems developer Red Hat says it is ready to take on the Sri Lankan market with a Sinhalese version expected in 2006.Linux server and desktop operating systems developer Red Hat says it is ready to take on the Sri Lankan market with a Sinhalese version expected in 2006. Work on […]
Traffic Jam
Sri Lanka’s traffic police says it will take legal action against insurance companies that stop road accidents from being reported to the police.Sri Lanka’s traffic police says it will take legal action against insurance companies that stop road accidents from being reported to the police. “We are considering taking legal action against insurance companies that […]
Tourist arrivals still driven by South Asia
Tourist arrivals to Sri Lanka, from traditional bread and butter markets of Western Europe, showed signs of picking up in the month of June.Tourist arrivals to Sri Lanka, from traditional bread and butter markets of Western Europe, showed signs of picking up in the month of June. Tourists to Sri Lanka increased by 42.3 percent […]