Category: Other
Banking on IT
A top CitiGroup executive said adapting to and leveraging technology is the biggest challenge facing banks around the world. A top CitiGroup executive said adapting to and leveraging technology is the biggest challenge facing banks around the world. Victor Menezes a Senior Vice Chairman of Citi Group told LBR that banks in the sub continent […]
The Fact is…
Financial sector regulator called for banks and their auditors to work closely to ensure banks’ financial statements reflect their true position.Financial sector regulator called for banks and their auditors to work closely to ensure banks’ financial statements reflect their true position. Central Bank says this will help enhance the reputation of banks among the industry […]
The House Jack Built
Who’s complaining when you can build a house for just Rs.150,000? A 580 sq. ft. house with two verandas, a bedroom, a hall and a kitchen costs only Rs. 150 000. Who’s complaining when you can build a house for just Rs. 150,000? A 580 sq. ft. house with two verandas, a bedroom, a hall […]
Local tea market will pay 15 % VAT for buying at the auctions
The Inland Revenue Department made Value Added Taxes (VAT) payments mandatory on all teas brought for the local market at the weekly auctions. The Inland Revenue Department made Value Added Taxes (VAT) payments mandatory on all teas brought for the local market at the weekly auctions. The tax was slapped on beginning at this week’s […]
Tax Trap
The Inland Revenue Department made Value Added Taxes (VAT) payments mandatory on all teas brought for the local market at the weekly auctions. The Inland Revenue Department made Value Added Taxes (VAT) payments mandatory on all teas brought for the local market at the weekly auctions. The tax was slapped on beginning at this week’s […]
AS He Sees It
Government holdings of Treasury bills have touched Rs.70 billion from around Rs. 10 billion at the start of the year. Government holdings of Treasury bills have touched Rs. 70 billion from around Rs. 10 billion at the start of the year. Former Central Bank Governor A S Jayawardena told LBR that the chief monetary authority’s […]
Religious Mania
A civil rights group challenges a government attempt to amend the Sri Lankan constitution to make Buddhism the ‘official religion’ in the island.A civil rights group challenges a government attempt to amend the Sri Lankan constitution to make Buddhism the ‘official religion’ in the island. The Centre for Policy Alternatives (CPA) – a civil rights […]
AS You Like It
Former Central Bank Governor A S Jayawardena said achieving revenue targets will be crucial for the success of the budget in a wide ranging interview with LBR about budgeting and Monterey Policy.Former Central Bank Governor A S Jayawardena said achieving revenue targets will be crucial for the success of the budget in a wide ranging […]
‘ Edge
A spate of floods and drought affected the agriculture sector output in the last few years.A spate of floods and drought affected the agriculture sector output in the last few years. The sector is expected to record negative growth this year according to the Finance Ministry. Farmers who depend on rain to grow their crops […]
Waters’ Edge
A spate of floods and drought affected the agriculture sector output in the last few years.A spate of floods and drought affected the agriculture sector output in the last few years. The sector is expected to record negative growth this year according to the Finance Ministry. Farmers who depend on rain to grow their crops […]
Scarecrow Budget
The Finance Minister has proposed import substitution to ease pressure on the exchange rate and inflation.Left leaning economic policies that advocate a similar interventionist role for the government however can scare investors.The Finance Minister has proposed import substitution to ease pressure on the exchange rate and inflation. Left leaning economic policies that advocate a similar […]
You name it…
Economists say the centralist oriented government budget will benefit the poor faster if the government can achieve the revenue targets. Economists say the centralist oriented government budget will benefit the poor faster if the government can achieve the revenue targets. Head of a local economic think tank Dr. Saman Kelegama told LBR the UPFA government […]