IMF bowls a googly to Sri Lanka
The International Monetary Fund on Wednesday urged Sri Lanka to restore the independence of its Central Bank, tighten monetary policy and urged cut backs in …
VAT on luxury items goes up to 20%
Value Added Tax or VAT on the government list of luxury items went up from 18 percent to 20 percent from August 1, said the Inland Revenue. Value Added Tax or …
Norwegian mediator puts work in Sri Lanka on hold
OSLO, Aug 1 (AFP) - A leading Norwegian mediator in the ongoing peace process in Sri Lanka said on Monday he would put his mediation work on hold to …
Soothing Balm
Ceylon Petroleum Corp (CPC) is issuing additional stocks of petrol on Saturday, to prevent motorists from triggering another panic attack on Sri Lankan fuel …
Sri Lanka July annualized inflation 12.7%
Sri Lanka's consumer price index rose 12. online pharmacy buy arimidex with best prices today in the USA 7 percent in the 12 months to the end of July, …
Panic, Panic
Sri Lankan motorists queued up at petrol sheds late Friday in a bout of panic buying on rumours that fuel shipments due early next week were being delayed. buy …
The race for Presidency in Sri Lanka has begun
The Sri Lanka Freedom Party(SLFP) officially announced Prime Minister Mahinda Rajapaksa as the party’s presidential candidate on Thursday. buy antabuse …
Sri Lanka PM wins party nomination for presidency
Sri Lanka's ruling party has chosen Prime Minister Mahinda Rajapakse as its candidate for the presidency amid a deepening controversy over when the poll should …
Chinese currency adjustment hits Sri Lankan consumers
China’s currency adjustment last week will trickle down to Sri Lankan consumers as another unwelcome price increase, say local businesses. China’s currency …
Pumping Back
The government is to get Attorney General’s advice to take back a one third stake in the retail fuel sector held by the Treasury, and hand it back to state …
IMF raps Sri Lanka on fiscal transparency
The International Monetary Fund has rapped Sri Lanka for slipping up on fiscal transparency and poor reporting standards, in the latest country report released …
Tsunami aid gives Sri Lanka’s balance of payments a boost
The flood of aid, private remittances and debt relief since Dec. 26 tsunami disaster, has hoisted Sri Lanka's balance of payments into the black for the first …
CEB: Plug Pulled
The Japanese government, that pulled the plug on a US$ 30 million program loan linked to power sector reforms, says government will have to renegotiate funding …
VAT’s the Fuss?
Sri Lanka's cash strapped Treasury will forego Rs. 7 billion in revenue as the government scraps the value added tax component on diesel with immediate effect, …
Hurdle One
Newly minted power sector reforms that sailed through Cabinet on Wednesday, may take about a year to implement, and if the government can scrape together …
Tiger rebels warn of truce collapse, Sri Lanka says no return to war
Lanka's Tiger rebels have warned that a truce brokered by Norway was at "grave risk" of collapsing even as the Colombo government said it had no intention of …
Sri Lanka steps up probe into deaths of Tamil rebels
Sri Lanka has stepped up a probe into charges that security forces were involved in the killing of four Tamil rebels earlier this month in a bid to ease …
Co-chairs of peace pull Sri Lanka up for soaring violence
Co-chairs of Sri Lanka’s peace process have rapped the government and Tamil Tiger rebels for escalating violence, warning that it could erode international …
Tigers seek direct foreign aid after Sri Lanka court blocks aid deal
Tiger rebels today asked the international donor community to fund them directly to help tsunami survivors after the Supreme Court effectively blocked a …
Refreshing the list of ministers
In a very quiet ceremony on Monday morning five cabinet ministers, a non cabinet minister and six deputy ministers took oaths before President Chandrika …