Tag: Sri Lanka
The LTTE has warned that it will ‘advance the freedom struggle of our nation’, if peace talks are not resumed soon
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 bans tinted glasses on vehicles
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 […]
Compensation package for termination of employment coming in January
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 […]
‘s Tiger supremo turns 50 amid war and peace choice
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 […]
Paternity leave, on top of statutory leave is not an option, says the Sri Lankan government.
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 […]
Sri Lanka keen to tighten purse strings further
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 […]
Trade deficit for the nine months up US$ 631 million, to US$ 1.57 billion on an inflated fuel bill
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 […]
Sri Lanka’s Tiger supremo turns 50 amid war and peace choice
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 […]
Pakistan hopes to wrap up a trade deal with Sri Lanka this week to be operational by early next year
The Pakistani Premier says the FTA with Sri Lanka will be finalised this week and operational by early next year.The Pakistani Premier says the FTA with Sri Lanka will be finalised this week and operational by early next year. “We hope to finalise the FTA very soon.Talks are scheduled in the next two days in […]
Budget tax proposals to go before tax cluster
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 […]
Power Politics
The 2005 budget jacked up renewable energy tariffs, stepping squarely into a running battle between mini-hydro developers and the state power utility.The 2005 budget jacked up renewable energy tariffs, stepping squarely into a running battle between mini-hydro developers and the state power utility. Finance Minister Dr. Sarath Amunugama said on Thursday that renewable sources of […]
The Ceylon Chamber Commerce has told the government that getting higher tax revenues will be a bigger challenge than controlling expenditure
The Ceylon Chamber Commerce has told the government that getting higher tax revenues will be a bigger challenge than controlling expenditure.The Ceylon Chamber Commerce has told the government that getting higher tax revenues will be a bigger challenge than controlling expenditure. Chamber Chairman Deva Rodrigo said the success of the first UPFA budget depends on […]