Tag: lbo
Give tax breaks to companies that do good deeds, says local legal eagle
Companies should get tax benefits for spending on good deeds, says legal eagle Justice Mark Fernando.Companies should get tax benefits for spending on good deeds, says legal eagle Justice Mark Fernando. The retired Supreme Court Judge suggests tax benefits for corporate social responsibility (CSR) activities because they reduce the welfare burden on the State. Fernando […]
Norway says Sri Lanka peace hopes dim, offers exit route
Peace broker Norway Thursday said it would ask Sri Lanka’s feuding parties if they wanted to resume talks as Tamil Tiger rebels warned foreign aid donors not to interfere in the faltering peace process.The Norwegian embassy said Foreign Minister Jan Petersen would arrive in the island next week for talks with President Chandrika Kumaratunga and […]
Cashed trapped Treasury is considering a proposal to mandate those who own a car, house, credit card and a mobile phone to open a tax file
Cashed trapped Treasury is considering a proposal to mandate those who own a car, house, credit card and a mobile phone to open a tax file.Cashed trapped Treasury is considering a proposal to mandate those who own a car, house, credit card and a mobile phone to open a tax file. The Ceylon Chamber of […]
Sri Lanka president to visit India
Sri Lankan President Chandrika Kumaratunga will arrive in India Wednesday on her first visit to the northern neighbour since a Congress-led coalition government took office in New Delhi in May. Sri Lankan President Chandrika Kumaratunga will arrive in India Wednesday on her first visit to the northern neighbour since a Congress-led coalition government took office […]
Soothing Oil
India has come through with a US$ 150 mn credit line, allowing Sri Lanka to fill up her fuel tanks with refined petroleum products for six months.India has come through with a US$ 150 mn credit line, allowing Sri Lanka to fill up her fuel tanks with refined petroleum products for six months. Indian state […]
Strike Out
The CEB Engineers Union suspended a planned token strike to be held on Wednesday, subject to further talks with the Government on the coal and Upper Kotmale projects.The CEB Engineers Union suspended a planned token strike to be held on Wednesday, subject to further talks with the Government on the coal and Upper Kotmale projects. […]
A 38 percent higher fuel bill is burning a hole in the island’s balance of trade
A 38 percent higher fuel bill is burning a hole in the island’s pocket, driving up its trade deficit to US$ 1.46 billion by August, up US$ 586 million from a year ago.The Central Bank on Tuesday said Sri Lanka’s import bill grew 20 percent to US$ 5.05 billion up from US$ 4.22 billion the […]
The international donor community could cut the strings attached to US$ 4.5 bn in aid
The international donor community could cut the strings attached to US$ 4.5 bn in aid, with a thaw in the peace process far from sight.The international donor community could cut the strings attached to US$ 4.5 bn in aid, with a thaw in the peace process far from sight. Japanese Peace Envoy Yasushi Akashi Tuesday, […]
” on Sri Lanka President
Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her for allegedly trying to splinter the minority community.Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her […]
Angry Muslims quit peace panel and declare ‘war’ on Sri Lanka President
Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her for allegedly trying to splinter the minority community.Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her […]
Relatives, Muslims appeal for release of Sri Lankan hostage in Iraq
Relatives of Sri Lankan truck driver Dinesh Dharmendran Rajaratnam appealed on Sunday to his captors in Iraq to free him, saying he had been forced to work there by his Kuwaiti employer.Relatives of Sri Lankan truck driver Dinesh Dharmendran Rajaratnam appealed on Sunday to his captors in Iraq to free him, saying he had been […]
Powerful Undercurrents
The Ceylon Electricity Board Engineers’ Union is threatening to plunge the country into darkness if the government fails to find sustainable solutions to reduce power prices in the country. The Ceylon Electricity Board Engineers’ Union is threatening to plunge the country into darkness if the government fails to find sustainable solutions to reduce power prices […]