Tag: Sri Lanka
Friar Tuck and Maid Marian support home grown budget
Sri Lanka’s Finance Minister lashed out at the country’s English press and an international wire service on the eve of the budget, for what he termed biased reporting of the economic situation of the country.Sri Lanka’s Finance Minister lashed out at the country’s English press and an international wire service on the eve of the […]
Finance Minister promises to confound his critics through the budget
Sri Lanka’s government is promising to confound its critics through a budget, which will signal a shift in policy from recent years.Sri Lanka’s government is promising to confound its critics through a budget, which will signal a shift in policy from recent years. “I can only say that it will be a people friendly budget,” […]
Deadlock in peace talks compounds Sri Lanka’s economic woes
The latest failed attempt to revive peace talks is bad news for Sri Lanka’s economy, already in trouble from high inflation, a foreign exchange crisis and a falling rupee.The latest failed attempt to revive peace talks is bad news for Sri Lanka’s economy, already in trouble from high inflation, a foreign exchange crisis and a […]
‘s economic woes
The latest failed attempt to revive peace talks is bad news for Sri Lanka’s economy, already in trouble from high inflation, a foreign exchange crisis and a falling rupee.The latest failed attempt to revive peace talks is bad news for Sri Lanka’s economy, already in trouble from high inflation, a foreign exchange crisis and a […]
Begging Success
Giving a brief respite to the cash-strapped government, Malaysian State Oil Company Petronas has agreed to defer crude oil payments for up to six months to help Sri Lanka manage the exchange rate crisis.Giving a brief respite to the cash-strapped government, Malaysian State Oil Company Petronas has agreed to defer crude oil payments for up […]
Further tax hikes on business and high income earners may top Thu. budget
Sri Lanka’s government will likely focus on measures to boost revenue when it presents its 2005 budget next week, with a series of new taxes targeting businesses and high-income groups expected to be at the top of the list.Sri Lanka’s government will likely focus on measures to boost revenue when it presents its 2005 budget […]
Latest Norway bid to end Sri Lanka talks deadlock ends without breakthrough
Norway’s latest bid to salvage Sri Lanka’s faltering peace process ended without a breakthrough but the antagonists have pledged to continue to uphold a fragile truce, rebels and officials said Friday.Norway’s latest bid to salvage Sri Lanka’s faltering peace process ended without a breakthrough but the antagonists have pledged to continue to uphold a fragile […]
Tigers give new message on reviving Sri Lanka peace talks
Sri Lanka’s Tamil Tiger rebels Thursday said they conveyed a secret message to President Chandrika Kumaratunga through peace broker Norway on ending a 19-month deadlock on negotiations.Sri Lanka’s Tamil Tiger rebels Thursday said they conveyed a secret message to President Chandrika Kumaratunga through peace broker Norway on ending a 19-month deadlock on negotiations. The rebel […]
Sri Lankan PM to attend Arafat funeral
Sri Lanka’s Prime Minister Mahinda Rajapakse will attend the funeral of Palestinian leader Yasser Arafat, a spokesman said Thursday.Sri Lanka’s Prime Minister Mahinda Rajapakse will attend the funeral of Palestinian leader Yasser Arafat, a spokesman said Thursday. “The prime minister will be at the funeral although he had arranged to launch a new initiative for […]
The Central Bank raises its key short-term interest rates by 50 basis points with immediate effect.
After a 12-month lag, the Central Bank raised its key short-term interest rates by 50 basis points with immediate effect on Wednesday. After a 12-month lag, the Central Bank raised its key short-term interest rates by 50 basis points with immediate effect on Wednesday. The Repurchase (Repo) rate went up from 7.0% to 7.5% and […]
Private sector workers must pay more income tax to keep their company cars.
The government wants private sector workers to compensate for work benefits and has increased the income tax on company maintained cars. The government wants private sector workers to compensate for work benefits and has increased the income tax on company maintained cars. If you’re thinking of asking your boss for a car the next time […]
Central Bank Governor Sunil Mendis says private sector members of the Monetary Board are not pushing to keep real interest rates negative
Central Bank Governor Sunil Mendis says private sector members of the Monetary Board are not pushing to keep real interest rates negative, and Board decisions are taken independently.Central Bank Governor Sunil Mendis says private sector members of the Monetary Board are not pushing to keep real interest rates negative, and Board decisions are taken independently. […]