Tag: lankabusinessonline
’s Central bank to provide 12 pct interest scheme for senior citizens
Dec 30, 2014 (LBO) – Sri Lanka’s Central Bank to provide 12 percent annual interest rate scheme for deposits of citizens over 60 years of age, who maintain fixed deposits totaling up to 2,500,000 rupees in licensed banks, will be eligible to receive an annual interest income of up to 300,000, rupees with effect from […]
Sri Lanka Muslim Party to support Maithri
Dec 29,2014 (LBO) – Sri Lanka’s main Muslim party, Sri Lanka Muslim Congress Sunday quit the government and pledged support to the opposition Candidate Maithripala Sirisena at the forthcoming Presidential Election, a media report said. Muslims, the second largest minority in the island after Hindu Tamils, account for about 10 percent. Sri Lanka Muslim Congress […]
SriLankan Airline and Mihin Lanka had become White Elephants: Maithri
Dec 24, 2014 (LBO): Sri Lanka’s State-run SriLankan Airlines and Mihin Lanka, a budget airline had become White Elephants, destroying the money of the common man, common opposition Presidential candidate Maithripala Sirisena said. œMihin Air is a massive national robbery which has been done openly, Sirisena said at a business forum yesterday. œThis was done […]
Opposition presidential candidate Sirisena says the govt has not given enough freedom for businesses in Sri Lanka
Dec 24, 2014 (LBO) – Opposition’s common presidential candidate Maithripala Sirisena said that the government had not given enough freedom for business community of Sri Lanka to do business activities and entertain only certain businesses who supported government policy regime. œNeither the OPEC nor any other international guru or super economist couldn’t predict the oil […]
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Dec 24,2014 (LBO)- Sri Lanka’s opposition leader Ranil Wickremesinghe said that he would deal directly with the International Monetary Fund (IMF) in Washington instead of dealing with the ˜local jokers’ if they formed a new government. He made this comment speaking about the IMF Fund assessment which was okay with the exchange rate. œYou are […]
Violent activities targeting common opposition shows lack of democratic space under the MR regime: Karu Jayasuriya
Dec 23, 2014 (LBO) – UNP’s Karu Jayasuriya said that recent violent incidents targeting rallies and activists of the common opposition amply demonstrate the lack of democratic space under the dictatorial Rajapaksa regime. He said this issuing a statement yesterday. Media Statement Reproduced It is the best evidence of the urgent need to change course […]
‘s launched election manifesto today
UPFA Presidential candidate President Mahinda Rajapaksa’s election manifesto ˜Mahinda Chinthana Lowa Dinana Maga’ launched today at Colombo. Rajapaksa introduced his first manifesto at the 2005 Presidential election named Mahinda Chinthanaya and presented œMahinda Chinthana Idiri Dekma election manifesto for the 2010 Presidential election. The new manifesto launched today is based on the 2005 and 2010 […]
‘s opposition candidate Maithripala Sirisena to cancel JKH and Packer casino licenses
Dec 22, 2014, Sri Lanka opposition candidate Maithripala Sirisena has declared to cancel the casino licenses given to John Keells Holdings and Australian James Packer, who is in the casino business.Government announced its approval for corporate income tax holidays and import duty concessions on materials, on Feb this year for Lake Leisure Holdings (Private) Limited […]
Sri Lanka economy will grow irrespective of prevailing political situation in the Island : Official
Dec 16, 2014 (LBO) – Sri Lanka’s economy will grow irrespective of political out come in the Island, an official said. Sri Lanka will held a presidential election on 8th of January next year. Growth in the gross domestic product (GDP) of Sri Lanka was consistently robust in the first half of 2014 to 7.6 […]
Sri Lanka policy rates unchanged: Inflation declines due to crude oil prices: Central Bank
Dec 12, 2014 (LBO) – Sri Lanka Central Bank says the current monetary policy stance is appropriate and accordingly decided to unchange the policy rate corridor at 6.50 percent to 8.00 percent, respectively. The impact of the contraction in pawning advances on the overall credit growth that was observed since early 2013 has now ended, […]
’s growth relies on tapping in to global markets, says Economist
Dec 12, 2014 (LBO) – Sri Lanka’s economic growth will be driven by tapping into global market through exporting high value manufacturing products, agricultural products and services, a senior economist said. Sri Lanka is a 67 billion dollar economy, which I think not large by any strategy imagination, Deshal de Mel, Senior Economist of Hayleys […]
Belarus removes tax for Sri Lanka exporters
Dec 11, 2014 (LBO) – Sri Lanka has been removed from the list of off-shore countries from Belarus, benefiting Sri Lankan exporters a 15 percent tax waiver out on remittance of their export earnings back to Sri Lanka, Minister of Industry and Commerce of Sri Lanka said in a media a release. The total trade […]