Holiday Tax
A one percent levy on turnover will be charged on all Tourist Board licensed institutions, under the new Finance Bill, passed Thursday.The tax will cover about …
Trade Net
Potential Euro-Sri Lankan business partners in the plastics and rubber sector will be linked up via a joint trade database floated today.rnLaunched by the …
Outright sales
Central Bank may start outright sales of government securities as early as next week with rising foreign inflows boosting the countrys money …
Outright sales
Central Bank may start outright sales of government securities as early as next week with rising foreign inflows boosting the countrys money …
Looking Glass
Government plans to set up 14 Oversight Committees to look over key state functions is on track, with proposals going to parliament in a few weeks.ldblquote …
No Vacancy
HNB senior officials told Lanka Business Online that the Bank could consider rescheduling the loan if the owners put up a minimum 50 per cent of the …
Extension Cord
Continued lobbying from the telecom industry has now opened up access to undersea cable bandwidth. Direct access to the SEA ME WE (Cable connecting South East …
Redial
The telecom watchdog on Wednesday published a set of rules that will govern the short code auction scheduled for an August date. The online auction previously …
Priority Plan
The need for a clear port development plan was stressed by the ADB when it approved a US$ 150,000 technical assistance grant on Tuesday to prepare a master …
No Cuts
Central Bank left key interest rates unchanged on account of the high liquidity in the financial system at present. The decision came after its monthly policy …
Moping Up
The fresh issues could set off more regular longer term borrowing as the state looks to maintain low inflation and interest rates. rnrnThe 10 year issue is …
Tall Order
Offering greater value to its tenants, the World Trade Centre (WTC) in Fort together with Dialog, has put in a fibre optic internet backbone in the twin …
Suspension – II
The Supreme Court on Monday gave Central Bank 14 days to re-suspend Pramuka Banks license to facilitate restructuring.The Court concluded that interested …
Super Watchdog
Draft legislature to set up the super regulator for the information and communication sectors is now up for discussion.The bill will help form the Information …
Taking Off
Two parties have shown interest in funding the first phase of the development of regional airports to boost domestic air travel in the country.Denmark and the …
CFO, Treasure Island
The Treasury, with donor support is trying to improve public finances and accountability in the Government sector. A recent study on financial accountability …
Hurdles in Law
The private sector is calling for a new law to facilitate asset securitisation transactions in the country and a high-powered financial reforms committee is …
An Act For Audits
The top Government Auditors job is to be made independent with the enactment of a new Law, which will also give the department wide ranging powers.The Auditor …
Bulls Eye
The Finance Minister said last week that fiscal targets were on track in his first Fiscal Position Report. The Government said that privatisation proceeds were …
Return Ticket
Supreme Court on Friday refused to take up Central Banks appeal on the Court of Appeal decision on Pramuka Bank.The Central Bank sought to stay the Appeal …