Tag: Finance

Sri Lanka signed a preferential trade pact with Iran last week but is unlikely to see its main export tea get any duty cuts into Iran.Sri Lanka signed a preferential trade pact with Iran last week but is unlikely to see its main export tea get any duty cuts into Iran. A framework agreement for […]

Some business leaders think its time to make a collective effort to drive the peace process forward.Some business leaders think its time to make a collective effort to drive the peace process forward. Recently a delegation of business leaders went to South Africa, to find out how the private sector there helped initiate peace in […]

The LTTE has warned that it will ‘advance the freedom struggle of our nation’, if peace talks are not resumed soon, based on the proposals submitted by the organization, but said it is prepared to discuss controversial issues.The LTTE has warned that it will ‘advance the freedom struggle of our nation’, if peace talks are […]

The LTTE has warned that it will ‘advance the freedom struggle of our nation’, if peace talks are not resumed soon, based on the proposals submitted by the organization, but said it is prepared to discuss controversial issues.The LTTE has warned that it will ‘advance the freedom struggle of our nation’, if peace talks are […]

Sri Lanka Thursday announced a ban on tinted glasses on vehicles and urged motorists to carry identity papers with them as the authorities moved to crack down on organised crime.Sri Lanka Thursday announced a ban on tinted glasses on vehicles and urged motorists to carry identity papers with them as the authorities moved to crack […]

The Minister of Labour says a compensation package for terminated workers and an unemployment benefit scheme will be implemented in January 2005.The Minister of Labour says a compensation package for terminated workers and an unemployment benefit scheme will be implemented in January 2005. “We have decided on a new compensation formula.So it will come from […]

Elusive Tamil Tiger guerrilla supremo Velupillai Prabhakaran, who turns 50 on Friday, is arguably the man who will decide whether Sri Lanka remains at peace or returns to war.Elusive Tamil Tiger guerrilla supremo Velupillai Prabhakaran, who turns 50 on Friday, is arguably the man who will decide whether Sri Lanka remains at peace or returns […]

The 2005-Budget goodies will not extend to paternity leave on top of all the other sweeties, says the Sri Lankan government to disappointed Sri Lankan men.The 2005-Budget goodies will not extend to paternity leave on top of all the other sweeties, says the Sri Lankan government to disappointed Sri Lankan men. In November the UPFA […]

When Sri Lanka faced a rapidly weakening currency and galloping inflation in early 2001, its central bank raised interest rates.When Sri Lanka faced a rapidly weakening currency and galloping inflation in early 2001, its central bank raised interest rates. But it found that a tighter policy didn’t yield results until interest rates hit 20%.Together with […]

New credit facilities from India and Iran to finance oil imports will help narrow a widening trade deficit, say the Central Bank.New credit facilities from India and Iran to finance oil imports will help narrow a widening trade deficit, say the Central Bank. Sri Lanka’s trade deficit for the nine months notched up US$ 631 […]

Elusive Tamil Tiger guerrilla supremo Velupillai Prabhakaran, who turns 50 on Friday, is arguably the man who will decide whether Sri Lanka remains at peace or returns to war.Elusive Tamil Tiger guerrilla supremo Velupillai Prabhakaran, who turns 50 on Friday, is arguably the man who will decide whether Sri Lanka remains at peace or returns […]

A joint government-private sector tax cluster will re-examine all the changes to taxes proposed in the budget, says the Treasury Secretary.A joint government-private sector tax cluster will re-examine all the changes to taxes proposed in the budget, says the Treasury Secretary. “A special tax cluster will begin work next week under the NCED (National Council […]