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Private sector workers must pay more income tax to keep their company cars.
The government wants private sector workers to compensate for work benefits and has increased the income tax on company maintained cars. The government wants private sector workers to compensate for work benefits and has increased the income tax on company maintained cars. If you’re thinking of asking your boss for a car the next time […]
Sri Lanka Telecom gets top billings from international rating agencies Fitch and Standard & Poor’s
International credit rating agencies, Standard & Poor’s and Fitch, have assigned investment grade ratings for Sri Lanka Telecom. International credit rating agencies, Standard & Poor’s and Fitch, have assigned investment grade ratings for Sri Lanka Telecom. Standard & Poor’s (S&P) have given SLT a B+ rating for its upcoming US$ 100 mn unsecured debenture issue, […]
HDFC Bank picks up A (sri) rating from Fitch for its upcoming Rs. 500 mn debt issue
State housing giant, HDFC Bank picked up a A (sri) rating from Fitch Ratings Lanka for its upcoming Rs. 500 mn four year unsecured debenture issue.State housing giant, HDFC Bank picked up a A (sri) rating from Fitch Ratings Lanka for its upcoming Rs. 500 mn four year unsecured debenture issue. An A (sri) long […]
Warming Up
The Kyoto Protocol will come into effect early next year with Russia finally ratifying the agreement to cut down on green house gasses.The Kyoto Protocol will come into effect early next year with Russia finally ratifying the agreement to cut down on green house gasses. “Now that Russia has joined the 126 other signatory countries, […]
Conference Call
A cultural backlash and regulatory red tape is stifling growth for call centre operators, but a new formed Association says it wants to lobby for change. A cultural backlash and regulatory red tape is stifling growth for call centre operators, but a new formed Association says it wants to lobby for change. Business Process Outsourcing […]
Good Omen
Sri Lanka Telecom’s maiden international debt issue took another step, when the telco giant picked up two foreign currency ratings for it debenture issue. Sri Lanka Telecom’s maiden international debt issue took another step, when the telco giant picked up two foreign currency ratings for it debenture issue. The dominant carrier waltzed off with a […]
Sri Lankan government admits it is in a foreign exchange crisis, shackled by a backward looking policy framework which has put reforms and the peace process in a limbo
Sri Lanka’s opposition United National Party warned that by printing money, and keeping interest rates artificially low, while foreign reserves are dwindling, the authorities are rapidly driving the economy towards another serious crisis. Sri Lanka’s opposition United National Party warned that by printing money, and keeping interest rates artificially low, while foreign reserves are dwindling, […]
Mandarin Deals
China has allowed SriLankan Airlines to operate four cargo services a week to Shanghai with immediate effect.China has allowed SriLankan Airlines to operate four cargo services a week to Shanghai with immediate effect. The deal which was inked late October, is in addition to rights to operate four weekly passenger services to Beijing and Shanghai […]
Train Trip
The Rail fares could be revised with flat zonal rates introduced to increase revenues and productivity in the ailing Railways Department.The Rail fares could be revised with flat zonal rates introduced to increase revenues and productivity in the ailing Railways Department. Railways Chief Priyal de Silva told Lanka Business Online that the Department was now […]
Protecting Them All
The local insurance industry premium income grows by about 20 percent a year but as a percentage of GDP, the premium revenue account for less than 1.5 percent. The local insurance industry premium income grows by about 20 percent a year but as a percentage of GDP, the premium revenue account for less than 1.5 […]
Regional plantation companies are seeking government assistance to help them raise up to a billion rupees in debt urgently
Regional plantation companies are seeking government assistance to help them raise up to a billion rupees in debt urgently.Regional plantation companies are seeking government assistance to help them raise up to a billion rupees in debt urgently. The cash-strapped RPC’s say they need the cash to help pay the higher salaries and arrears that have […]
The Next War
Water is abundant…or is it? Water is abundant…or is it? More than 1.2 billion people in poor countries don’t have access to safe drinking water according to research. The UN says the water crisis is so severe that it could take almost 30 years to eradicate hunger from the world. Although water covers two thirds […]