Category: Industry
Who’s The Fool?
Tax changes proposed by the last budget got the legislative stamp recently but experts speaking at a forum said the tax system is now even more complicated.Tax changes proposed by the last budget got the legislative stamp recently but experts speaking at a forum said the tax system is now even more complicated. The government […]
Angry Tones
Dozens of Buddhist monks and their followers blocked a main highway to President Chandrika Kumaratunga’s home Friday demanding she withdraw plans to enter into an aid sharing deal with Tamil Tiger rebels, witnesses said.Dozens of Buddhist monks and their followers blocked a main highway to President Chandrika Kumaratunga’s home Friday demanding she withdraw plans to […]
Better Dialogue
Sri Lanka’s largest cellular operator Dialog Telekom, has lined up international roadshows in Asia, Middle East and Europe next week to drum up support for its upcoming public offering, officials said Friday.Sri Lanka’s largest cellular operator Dialog Telekom, has lined up international roadshows in Asia, Middle East and Europe next week to drum up support […]
Subsidised loans
Sri Lanka’s labour ministry says the government is introducing a loan scheme to give subsidised housing loans, to beneficiaries of a state managed retirement fund, using money taken from the fund at rock bottom rates.Sri Lanka’s labour ministry says the government is introducing a loan scheme to give subsidised housing loans, to beneficiaries of a […]
Missing Money
The Inland Revenue says it is due around Rs 24 billion as back taxes from indirect taxes like GST, VAT, Turnover Tax and the National Security Levy (NSL).The Inland Revenue says it is due around Rs 24 billion as back taxes from indirect taxes like GST, VAT, Turnover Tax and the National Security Levy (NSL). […]
More Headaches
Mental illnesses like depression and anxiety, is expected to increase by five to ten percent in Sri Lanka due to tsunami trauma, says World Health Organisation(WHO).Mental illnesses like depression and anxiety, is expected to increase by five to ten percent in Sri Lanka due to tsunami trauma, says World Health Organisation(WHO). Due to lack of […]
Full Board
Tsunami ravished beach resorts Eden Hotel and Riverina Hotels collect Rs.200 million from insurance. Tsunami ravished beach resorts Eden Hotel and Riverina Hotels collect Rs. 200 million from insurance. The hotels managing company, the Confifi Group on Thursday told shareholders that negotiations with the insurers had been completed with the parties agreeing to pay Rs.97.5 […]
Extended Credit
Sri Lanka’s DFCC Bank is in line to pick up over US$ 250 million worth of concessionary funding lines this year, as it looks for ways to expand its loan book, a senior official said. Sri Lanka’s DFCC Bank is in line to pick up over US$ 250 million worth of concessionary funding lines this […]
Stepping Stones
Sri Lanka has picked up a US$ 94.5 million soft loan from Japan to restore livelihoods in areas affected by last year’s tsunami, officials said Wednesday.Sri Lanka has picked up a US$ 94.5 million soft loan from Japan to restore livelihoods in areas affected by last year’s tsunami, officials said Wednesday. The loan agreement which […]
Whistle Blower
The Customs Intelligence Unit is stepping up its surveillance to apprehend individuals and consortiums smuggling goods in and out of the island.The Customs Intelligence Unit is stepping up its surveillance to apprehend individuals and consortiums smuggling goods in and out of the island. Officials on Wednesday said the unit is now trying to entice more […]
Clean Drink
Sri Lanka signed up for a US$ 14.8 million loan from Korea to supply water to over 160,000 residents living in the southern coastal town of Galle.Sri Lanka signed up for a US$ 14.8 million loan from Korea to supply water to over 160,000 residents living in the southern coastal town of Galle. Inked between […]
Hot Potato
Sri Lanka is to ink a US$ 100 million fuel purchase deal with Malaysia next Monday, to ease the strain on the country’s balance of payments, a top official said Tuesday.Sri Lanka is to ink a US$ 100 million fuel purchase deal with Malaysia next Monday, to ease the strain on the country’s balance of […]