Category:
Sri Lanka president to be in office an extra year
Sri Lanka President Chandrika Kumaratunga will remain in office until December 2006, a year longer than many had believed based on her swearing in for a six-year term in December 1999.Sri Lanka President Chandrika Kumaratunga will remain in office until December 2006, a year longer than many had believed based on her swearing in for […]
Broken Record
Any new levies that the Sri Lankan government proposes for its 2005 budget shouldn’t be applied retroactively, as such a policy will erode foreign investor confidence, a tax expert warned Monday.Any new levies that the Sri Lankan government proposes for its 2005 budget shouldn’t be applied retroactively, as such a policy will erode foreign investor […]
Grenade Attack Kills Swiss Man In East
A Swiss man was killed by a grenade thrown into his bathroom by suspected Tamil Tiger rebels amid escalating violence in eastern Sri Lanka, police and military officials said Tuesday A Swiss man was killed by a grenade thrown into his bathroom by suspected Tamil Tiger rebels amid escalating violence in eastern Sri Lanka, police […]
Grand Prize
The odds for star-spangled Sri Lankans to strike it rich in a game of chance just got better, with a third lottery operator now active in the market The odds for star-spangled Sri Lankans to strike it rich in a game of chance just got better, with a third lottery operator now active in the […]
Policy Defence
Sri Lanka’s top donors are waiting for the government to come up with a credible budget in November before talking about an economic programme to resume stalled programme loans to the country. Sri Lanka’s top donors are waiting for the government to come up with a credible budget in November before talking about an economic […]
The Inland Revenue gearing for another round of amnesties
With the Speaker finally certifying the new amnesty law, the Inland Revenue is getting ready to call for another round of pardons to tax defaulters.With the Speaker finally certifying the new amnesty law, the Inland Revenue is getting ready to call for another round of pardons to tax defaulters. “The Act has been certified so […]
Government plans to borrow Rs. 35 bn from local market in next month
The government plans to borrow Rs. 7 bn in new debt as part of its Rs. 35 bn borrowing programme for November, the Central Bank said Monday. The government plans to borrow Rs. 7 bn in new debt as part of its Rs. 35 bn borrowing programme for November, the Central Bank said Monday. Around […]
Auspicious Moment
The Railway Department is waiting for a “good time” to reel out an alternate rail service from Fort to Nugegoda from November.The Railway Department is waiting for a “good time” to reel out an alternate rail service from Fort to Nugegoda from November. “We are going to start the rail bus service on the Kelaniweli […]
Clearing Space
The Civil Aviation Authority is pushing for the state greenlight to open up its air routes for a second local carrier, and draw up the ground rules for operation.The Civil Aviation Authority is pushing for the state greenlight to open up its air routes for a second local carrier, and draw up the ground rules […]
Top lending agency throws media out of donor confab, Treasury Secretary apologises
Sri Lanka’s top civil servant in charge of the economy apologized to the media after they were thrown out of a donor meeting earlier in the week at the behest of a top lending agency.Sri Lanka’s top civil servant in charge of the economy apologized to the media after they were thrown out of a […]
Treasury Secretary said benchmark interest rates will remain unchanged for the rest of the year despite a rise in inflation
Treasury Secretary said benchmark interest rates will remain unchanged for the rest of the year despite a rise in inflation.Treasury Secretary said benchmark interest rates will remain unchanged for the rest of the year despite a rise in inflation. Dr. P. B. Jayasundera told LBR that the current upward trend in inflation is temporary and […]
Route Subsidy
Sri Lanka’s subsidy happy government, which has made short-term handouts the cornerstone of its economic strategy, is now planning to use at least one upcoming subsidy to push through a long-felt shake up in the country’s unruly public transport system.Sri Lanka’s subsidy happy government, which has made short-term handouts the cornerstone of its economic strategy, […]