Sri Lanka government to increase the govt servants remuneration: Budget 2015

Oct 24, 2014 (LBO) – Sri Lanka’s government to increases monthly salary of the state sector employees to minimum 15,000 rupees, President Mahinda Rajapaksa said presenting a budget for 2015.He said the budget 2015 targets to minimize the salary anomalies of the state sector. The cost of living allowance of the state employees will be […]

Sri Lanka President suggests a minimum salary for private sector: Budget 2015

Oct 24, 2014 (LBO) – Sri Lanka president suggests to uplift the minimum salary of a private sector employee to 10,000 rupees from January 2015.He also suggest to increase minimum salary level by 500 rupees monthly for those who already get paid over 10,000 rupees per month. “The honorable speaker, I have seen the salaries […]

No tax changes for liquor and tobacco: Budget 2015

Oct 24, 2014 (LBO) – Sri Lanka President said that there will be no changes in the tax for liquor and tobacco due to the tax hike the government maid recently.President was presenting the budget for 2015 at the parliament. He said the government is expecting a 14,000 million rupees of additional income in 2015 […]

Sri Lanka state airlines to get $ 150 mn for further development: Budget 2015

Oct 24, 2014 (LBO) – Sri Lanka state airlines, SriLankan and Mihin air to get 150 million US dollars in year 2015 as the last phase for the development of its servicers, President said presenting a budget for 2015 at the parliament. He said the two airlines have gained the capacity of handling 25 airlines […]

Oct 21,2014 (LBO) – Sri Lanka Ceylon Chamber of Commerce plans to hold a post budget seminar to discuss the ‘National Budget of 2015’, which will be presented in Parliament on the 24thof October, 2014, chamber said in a media release. Top government officials, senior tax consultants and corporate executives have been lined up to […]

’’s growth

Oct 21, 2014 (LBO) – Sri Lanka’s Government urged to create a friendly regulatory framework to drive the growth of the small and medium enterprises in the island, chamber chief said. Tilt the policy framework in favor of SME’s, Suresh Shah, Chairman of the Ceylon Chamber of Commerce said. This is only fair since many […]

Sri Lanka to construct 537 rural bridges with an investment of US $162mn

Oct 20, 2014 (LBO) – Sri Lanka to construct and rehabilitate about 537 rural bridges with a credit facility of 162 million US dollars, provided by The Deutsche Bank AG (London) and the Bank of Tokyo-Mitsubishi UFG Ltd Finance ministry of Sri Lanka said. Added to that the ministry says the development of these bridges […]

Sri Lanka to establish a regulatory council to monitor issues in finance sector

Oct 20, 2014 (LBO) Sri Lanka’s cabinet of ministers had given approval to establish an Inter Regulatory Institutions Council with a view of identifying issues that require collective action by financial sector regulators.Establishment of the council plans to promote financial system stability and the development of the financial sector. Financial institutions include licensed banks, licensed […]

EXIM Malaysia sees expanding investments with Sri Lanka

Oct 16, 2014 (LBO) – Malaysian Export Import (EXIM) bank said that they are looking at opportunities in investing and helping with the rapid economic development in Sri Lanka. We are very much delighted to be here, Adissadikin Bin Ali, President and the Chief Executive of EXIM Bank Malaysia said. I have seen very impressive […]

LBR LBO Enterprise Summit 2014 – “Why Should Social, Mobile, Analytics and Cloud be in Your Transformation Agenda” – Tuesday 14th October 2014

Topic: Why Should Social, Mobile, Analytics and Cloud be in Your Transformation Agenda Date/Time: Tuesday 14th October 2014 | 0845- 1930 HRS Venue: OAK Room, Cinnamon Grand, Colombo Host: Lakshaman Bandaranayake | Founder, Publisher | Lanka Business Online [LBR LBO] [col type=”one-third”] Registration Form [/col] [col type=”one-third”] Summit Booklet [/col] [col type=”one-third last”] Summit Presentations [/col] [tabs] [tab […]

’s: Chamber

Oct 13, 2014 (LBO) – Sri Lanka’s small and medium enterprises are encouraged to partner with big companies, so they could take advantage of consumer market and finance. The forum has organized by the Ceylon Chamber of Commerce who will bring together all stakeholders in the SME sector including policy makers, banks, service providers, technocrats […]

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