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US exports to get hit by increased duties in 2005
Over seventy categories of US exports from sweet corn to clothes and sports footwear can face increased duties in world markets next year.Over seventy categories of US exports from sweet corn to clothes and sports footwear can face increased duties in world markets next year. The EU is already threatening to hit a long list […]
Sri Lankan president under public pressure to resume executions
The assassination of a Sri Lankan judge two weeks ago has put pressure on President Chandrika Kumaratunga to consider signing death warrants and start hanging death-row inmates for the first time in 28 years.The assassination of a Sri Lankan judge two weeks ago has put pressure on President Chandrika Kumaratunga to consider signing death warrants […]
Consumer Price inflation climbs again in November, upward bound since April.
Consumer Price Inflation in Colombo climbed again in November, continuing a trend started in April 2004. Consumer Price Inflation in Colombo climbed again in November, continuing a trend started in April 2004. The Colombo Consumer Price Index (CCPI) rose 13.1 percent in the 12 months to November 2004, up from 12.1 in November, the Central […]
Just under a billion bucks. That’s how much the Inland Revenue will scoop up as retrospective taxes from bond trading profits when business ends on Tues
Just under a billion bucks. That’s how much the Inland Revenue will scoop up as retrospective taxes from bond trading profits when business ends on Tuesday. Just under a billion bucks. That’s how much the Inland Revenue will scoop up as retrospective taxes from bond trading profits when business ends on Tuesday. Financial markets milked […]
And Counting….
The Lanka IOC issue had attracted more than Rs. 24 bn, or more than 1 percent of GDP, even before all the postal and regional stock exchange applications were counted. Foreign applications had topped US $ 95 mn. “We are very encouraged by the foreign investor response,” says Vajira Kulathilaka, Head of NDB Investment Bank, […]
No short cuts to peace, says a South African peace delegation
Peace doesn’t come easy, so start working at it, says a team of South African peace delegates, to Sri Lanka’s business community.Peace doesn’t come easy, so start working at it, says a team of South African peace delegates, to Sri Lanka’s business community. As Biki Minyuku, the former head of South Africa’s Truth and Reconciliation […]
EU invests in local intellectual property rights laws to safeguard European brands
The EU is investing € 100,000 in local intellectual property laws to make sure European brands and copyrights are protected in Sri Lanka.The EU is investing € 100,000 in local intellectual property laws to make sure European brands and copyrights are protected in Sri Lanka. “The budget for the entire project is around Î 100,000.Implementation […]
Robin Hood
Government promises to give positive interest rates to savers but the budget revealed a plan to short-change state pension funds.Government promises to give positive interest rates to savers but the budget revealed a plan to short-change state pension funds. The Finance Minister said in the budget the government plans to convert rupee loans to low […]
Oil Dollars
Sri Lanka will get Asian Development Bank help for its up-coming bidding round to auction off potential blocks off the Mannar coast, for oil exploration. Sri Lanka will get Asian Development Bank help for its up-coming bidding round to auction off potential blocks off the Mannar coast, for oil exploration. Sri Lanka has applied for […]
No duty cuts for tea, says Iran
Sri Lanka signed a preferential trade pact with Iran last week but is unlikely to see its main export tea get any duty cuts into Iran.Sri Lanka signed a preferential trade pact with Iran last week but is unlikely to see its main export tea get any duty cuts into Iran. A framework agreement for […]
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 […]
Down Hill Ahead
Sri Lanka Insurance which was privatized last year says 400 employees have taken up a Voluntary Retirement Scheme (VRS) during the last few months. Sri Lanka Insurance which was privatized last year says 400 employees have taken up a Voluntary Retirement Scheme (VRS) during the last few months. The company employs 2000 people and says […]