Tag: economy

Feb 19, 2015 (LBO) – Sri Lanka Finance Minister Ravi Karunanayake and International Monetary Fund Managing Director Christine Largarde discussion had kicked off in Washington today. Management level dialogue will continue on the occasion of the Spring Meetings of the IMF and the World Bank in April. the statement said. We had a fruitful discussion […]

Feb 13, 2015 (LBO) – Sri Lanka’s new administration plans to attract Indian Investments in to the Indian Ocean Island, and to develop strong relationship with India with the proposed visit of President Sirisena’s to India in mid – February. We have only got loans with high interest under the previous regime but not investments, […]

Feb 09, 2015 (LBO) – Sri Lanka’s new government would take steps to appoint a Constitutional Council including senior respected people and ministers from government and opposition to decide senior appointments, Deputy Policy Planning and Economic Affairs Minister Dr. Harsha de Silva said. He made this comment at LBR LBO CEO Forum, answering a question […]

Feb 09, 2015 (LBO) – Sri Lanka’s proposed Mansion Tax was amended imposing on houses larger than 10,000 square feet, which is twice as large as originally propose in an interim budget 2015, a media report said quoting Finance Minister Ravi Karunanayake. Accordingly the report, the Mansion Tax would be levied on houses where the […]

Feb 09, 2015 (LBO) – Sri Lanka’s economic relations with India will play a crucial role in making Sri Lanka an international logistic hub, Chief Executive of the Ceylon Chamber of Commerce said in a statement. Sri Lanka needs to appreciate the unprecedented opportunity that is emerging in India and within South Asia, Mangala P. […]

Feb 06, 2015 (LBO) – Sri Lanka’s Port City project would go ahead as the appointed committee to review the project had now found that an Environment Impact Assessment (EIA) had been conducted on the reclamation, Cabinet Spokesman Rajitha Senaratne said. Senarathne said the EIA had been conducted by Sri Lanka’s Moratuwa University. Sri Lanka […]

Feb 06, 2015 (LBO) – Sri Lanka’s new government has wrapped the deal with former IMF Chief Dominique Strauss-Kahn after paying USD 750,000 for being an advisor to set up International Finance Center to attract foreign investors to the island. Cabinet Spokesman Rajitha Senarathne said the Cabinet had decided to terminate the servicers of Khan […]

Feb 05, 2015 (LBO) – Sri Lanka has gained another chance to rebuild the nation with unity and harmony among communities, Sri Lanka’s Prime Minister Ranil Wickramasinghe said in an Independence Day message. Sri Lanka gained independence from British in 04th of February 1948 following a struggle led by the island’s first Prime Minister D […]

Feb 05, 2015 (LBO) – Sri Lanka’s Deputy Policy Planning and Economic Affairs Minister Dr. Harsha de Silva, said that the new government would get the private sector and industry involved for a better economic policy in going forward. This is not necessarily means our policy Going Forward,” Our policy Going Forward will be formulated […]

Feb 05, 2015 (LBO) – Sri Lanka’s Deputy Policy Planning and Economic Affairs Minister Dr. Harsha de Silva, said that the new government would not print money to raise revenue to deliver election promises but would tax selected industries as a revenue generation measure. These must be look at not as individual effects or rather […]

Feb. 05, 2015 (LBO) – Sri Lanka’s Chamber Chief commenting on the slapping taxes on the private sector by the new government, said that not all private sector companies in the Island had ill-gotten gains. In terms of concerns on the budget actually yes, some of the one – off taxes will hurt. But if […]

Feb 02, 2015 (LBO) – Sri Lanka’s Finance Minister said he was ready to pay Mansion Tax even though his house was less than 5000 square feet. He made this comment during a television program on Saturday. My house is about 4800 square feet but I’m ready to pay the tax because I imposed it, […]