Category: Industry
Double-Edged
One month after the Asian tsunamis, donor countries are making history by quickly following through on their promises of aid.The question remains how the billions of dollars can be used in the long-term to reconstruct shattered lives.One month after the Asian tsunamis, donor countries are making history by quickly following through on their promises of […]
Tax Drive
The Inland Revenue is launching an intensified tax collection drive, up to June this year, to meet budgeted revenue targets.The Inland Revenue is launching an intensified tax collection drive, up to June this year, to meet budgeted revenue targets. “Around half of the tax payers are yet to settle their full dues to the department […]
Heavy Bag
Sri Lanka’s government has estimated the cost of rebuilding after last month’s devastating tsunami at billion, with a bulk of the money needed for housing, fishing boats and water supply facilities.Sri Lanka’s government has estimated the cost of rebuilding after last month’s devastating tsunami at $2 billion, with a bulk of the money needed for […]
Closing In
Apply for tax amnesty before January 31 to avoid post 2002 tax investigations, says the Inland Revenue.Apply for tax amnesty before January 31 to avoid post 2002 tax investigations, says the Inland Revenue. The blanket tax amnesty granted in 2003 is no longer valid and the taxmen are closing in on tax evaders. One way […]
On the Road
An Rs 12 bn road development programme, over the next 4 years, is waiting for donor and lending agency funding.An Rs 12 bn road development programme, over the next 4 years, is waiting for donor and lending agency funding. “We have identified and submitted to the government, long term road development projects, for donor funding,” […]
Asian Dollars
In a camp for internally displaced persons (IDPs) here, Ganesh Thuraivasa, 38, is a fisherman who lost his fishing boat and nets in the tsunami that struck Sri Lanka’s eastern coastline on 26 December.In a camp for internally displaced persons (IDPs) here, Ganesh Thuraivasa, 38, is a fisherman who lost his fishing boat and nets […]
Warning
The IMF has warned that high inflation would burn up the benefits of the large amounts of aid being pledged for Sri Lanka’s post tsunami reconstruction. The IMF has warned that high inflation would burn up the benefits of the large amounts of aid being pledged for Sri Lanka’s post tsunami reconstruction. A top executive […]
PFI margin up
The Central Bank has agreed to increase the intermediation margin for financial institutions for on-lending money to tsunami affected small businesses.The Central Bank has agreed to increase the intermediation margin for financial institutions for on-lending money to tsunami affected small businesses. The Bank earlier said commercial banks would get 1 percent for intermediation cost for […]
Package Deal
The Ministry of Health is says it will introduce new regulations on food labelling, for packaged food items, by end of January.The Ministry of Health is says it will introduce new regulations on food labelling, for packaged food items, by end of January. “We have already sent the regulations to the government printer.They should be […]
Tourist arrivals could dip 20% this year, from expected record levels.
Tourist arrivals could dip 20 percent from over 560,000 expected this year, even as the industry throws together a package of incentives to jumpstart hotels hit by tidal waves.Tourist arrivals could dip 20 percent from over 560,000 expected this year, even as the industry throws together a package of incentives to jumpstart hotels hit by […]
Dogged by Trouble
The Ministry of Health says the risk of rabies has increased because of the large number of displaced dogs in tsunami-affected areas.The Ministry of Health says the risk of rabies has increased because of the large number of displaced dogs in tsunami-affected areas. “There are no confirmed cases of rabies but the risk has of […]
Tread Carefully
The International Monetary Fund says Sri Lanka will be hard pressed to keep its country reserves at pre-tsunami levels, as a heavy import bill will negate an inflow of dollars.The International Monetary Fund says Sri Lanka will be hard pressed to keep its country reserves at pre-tsunami levels, as a heavy import bill will negate […]