Tag: Budget LBO
Sri Lanka leader says terrorism must be defeated to achieve peace
Nov 07, 2007 (LBO) – Sri Lankan President Mahinda Rajapakse said Wednesday that Tamil Tiger separatist terrorism has to be defeated in order to achieve peace in the island.Sri Lanka has been left with a weak and unstable economy owing to 25 years of terrorism, poor infrastructure development and inadequate attention to developing the domestic […]
Sri Lankan ship owners win tax relief in budget
Nov 07, 2007 (LBO) – Sri Lanka ship owners won a tax concession in the government’s budget for 2008 presented in parliament Wednesday by president and finance minister Mahinda Rajapakse. . Ship owners registering their vessels under the Sri Lankan flag will be exempt the Port and Airport Development Levy (PAL) and would not be […]
Sri Lanka government moves into shop keeping
Nov 07, 2007 (LBO) – Sri Lanka’s government which has been unable to provide adequate public goods such as roads, power or water to its people for years, is getting back into one of the most basic of businesses: shop keeping. “It is proposed to set up a State Trading Wholesale Establishment, which will be […]
Sri Lanka to lower fuel prices by taxing other goods
Nov 07, 2007 (LBO) – Sri Lankan President Mahinda Rajapaksa said Wednesday that fuel prices will be maintained at current levels “temporarily” and revenue losses would be offset by higher levies on imported consumer goods. Due to a long-term policy of giving benefits to privileged classes of society based on muddled political thinking, Sri Lanka […]
Sri Lanka slaps tax on wireless fixed phones
Nov 07, 2007 (LBO) – The Sri Lankan government Wednesday said it would extend a 10 percent tax on mobile phones to wireless CDMA phones in an effort to raise revenue. . The move was announced by President Mahinda Rajapakse, who is also finance minister, when he presented the government’s budget for 2008 in parliament. […]
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Nov 07, 2007 (LBO) – Sri Lankan media groups Wednesday condemned government restrictions on private media covering the 2008 budget speech by President Mahinda Rajapakse in parliament.The Free Media Movement, speaking on behalf of several media groups, said in a statement that it was deeply concerned and condemned the ban on photo journalists covering the […]
India software exports head for 60-billion-dollar mark
BANGALORE, India, July 2, 2007 (AFP) – India’s exports of software and related services are expected to almost double in three years to 60 billion dollars, maintaining the country’s lead over rivals such as China, the industry said Monday.But the rupee’s strength and a shortage of talent are major concerns for an industry that posted […]