Tag: economy

Feb 02, 2015 (LBO) – Sri Lanka’s Treasury bill yields were flat on Monday’s auction with the 12-month yield unchanged at 6.05 percent, data from the state debt office showed. 6-month yield was also frozen at 5.90 percent and 1,325 million rupees were accepted from 5,660 million rupees. The debt office offered 12,000 million rupees […]

Jan 31, 2015 (LBO) –Sri Lanka inflation increased to 3.2 percent in January 2015 from 2.1 per cent in December 2014, on a year-on year basis, as a result of the increase in food prices, the Central Bank said in a media release. The data is based on the change in the Colombo Consumers’ Price […]

Jan 31, 2015 (LBO) – Sri Lanka’s Total Debt to Gross Domestic Product (GDP) ratio would increase to 88.9 percent from reported 74.4 percent of the government debt in the end 2014, the Finance Minister has said. According to the provisional data, the outstanding debt of the government as at end 2014 was LKR 7,373 […]

Jan 30, 2015 (LBO) – Sri Lanka’s new government impose an annual license fee of 1.5 million rupees irrespective of the fact whether importers are engaged in importing brand new or used vehicles, Finance Minister said yesterday. However this tax will take away the freedom of individual citizens to import cars and open paths for […]

Jan 30, 2015 (LBO) – Sri Lanka revised the vehicle taxes and cut taxes on the motor cars with engine capacity less than 1,000 cc by 15 percent, Finance Minister said yesterday presenting the mini budget. The changes has been taken place with effect from mid night yesterday. The Minister said that the measure has […]

Jan 29, 2015 (LBO) – Sri Lanka’s newly elected government to present a mini budget to the Parliament today. The government announced a fuel tax cut on last week losing about 65 billion rupees of tax revenue to the treasury. Finance Minister Ravi Karunanayake would present the mini budget for a period of four months […]

Jan 29, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickramasinge said that the people should be looking in to the work of the newly elected government does rather than monitoring the time. He was speaking at the parliament today. Wickramasinge said that the new government’s priority is to reduce the taxes and give relief […]

Jan 29, 2015 (LBO) – Sri Lanka Minister of Finance Ravi Karunanayake said that the economy in the island is a sad state and could be restructured though proper mechanism. He said this presenting the interim budget 2015 to the parliament. The main aim of the Government is to revitalise this economy, Ravi Karunanayake, Minister […]

Jan 29, 2015 (LBO) – Sri Lanka’s government to increases monthly salary of the state sector employees’ by 10,000 rupees, Minister of Finance Ravi Karunanayake, presenting a budget for 2015. We hope to grant more concessions to the public than we promised. He also asks the private sector to consider raising pay by 2,500 rupees. […]

Jan 29, 2015 (LBO) – Sri Lanka’s government will give a 15 percent interest rate to deposits of senior citizens in banks of up to one million rupees, Finance Minister Ravi Karunanayake said, presenting the interim budget in the parliament. This will cost an extra 4,900 million rupees to the government. Pensions of state workers […]

Jan 29, 2015 (LBO) – Sri Lanka’s new government will reduce the prices of 13 essential goods by removing of taxes, Minister of Finance Ravi Karunanayake said, presenting an interim budget for 2015. We only promised to reduces prices of 10 goods but we manage to increase into 13 goods due to the economic problems […]

Jan 29, 2015 (LBO) – Sri Lanka will impose a 25 percent ‘super gains tax on companies earning over two billion rupees in net profit, Finance Minister Ravi Karunanayake said, in presenting the interim budget 2015 to the parliament today.He said there are only 35 to 40 companies which have to pay the newly imposed […]