Economy

Sri Lanka’s PM calls for Unity and Harmony among the communities in going forward

Feb 05, 2015 (LBO) – Sri Lanka has gained another chance to rebuild the nation with unity and harmony among communities, Sri Lanka’s Prime Minister …

Sri Lanka’s policy of Going Forward not what you see: Deputy Affairs Minister

Feb 05, 2015 (LBO) – Sri Lanka’s Deputy Policy Planning and Economic Affairs Minister Dr. Harsha de Silva, said that the new government would get …

Sri Lanka to generate revenue though taxes, not by printing money: Deputy Minister of Economy

Feb 05, 2015 (LBO) – Sri Lanka’s Deputy Policy Planning and Economic Affairs Minister Dr. Harsha de Silva, said that the new government would not …

Sri Lanka Chamber Chief says not all private sector cos have ill-gotten gains

Feb. 05, 2015 (LBO) – Sri Lanka’s Chamber Chief commenting on the slapping taxes on the private sector by the new government, said that not all …

Sri Lanka’s Finance Minister justifies the Mansion Tax

Feb 02, 2015 (LBO) – Sri Lanka’s Finance Minister said he was ready to pay Mansion Tax even though his house was less than 5000 square feet. He …

Sri Lanka Treasury bill yields flat: Central Bank

Feb 02, 2015 (LBO) – Sri Lanka's Treasury bill yields were flat on Monday’s auction with the 12-month yield unchanged at 6.05 percent, data from …

Sri Lanka’s total public debt ratio increased to 88.9 pct – Finance Minister

Jan 31, 2015 (LBO) – Sri Lanka’s Total Debt to Gross Domestic Product (GDP) ratio would increase to 88.9 percent from reported 74.4 percent of the …

Sri Lanka’s inflation surges to 3.2-pct in January 2015: Central Bank

Jan 31, 2015 (LBO) –Sri Lanka inflation increased to 3.2 percent in January 2015 from 2.1 per cent in December 2014, on a year-on year basis, as a result …

Sri Lanka cuts taxes on cars with less than 1,000 cc: hybrids tax revised

Jan 30, 2015 (LBO) – Sri Lanka revised the vehicle taxes and cut taxes on the motor cars with engine capacity less than 1,000 cc by 15 percent, Finance …

Sri Lanka’s government taxed individual car importers

Jan 30, 2015 (LBO) – Sri Lanka’s new government impose an annual license fee of 1.5 million rupees irrespective of the fact whether importers are …

Please do not consider the time but the work we do – Ranil

Jan 29, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickramasinge said that the people should be looking in to the work of the newly elected …

Sri Lanka to restructure economy: Interim Budget 2015

Jan 29, 2015 (LBO) – Sri Lanka Minister of Finance Ravi Karunanayake said that the economy in the island is a sad state and could be restructured though …

Sri Lanka government to increase the govt servants’ remuneration by Rs 10,000 – Finance Minister

Jan 29, 2015 (LBO) – Sri Lanka’s government to increases monthly salary of the state sector employees’ by 10,000 rupees, Minister of Finance …

Sri Lanka’s government to give 15-pct interest on senior citizens’ deposits: Interim Budget 2015

Jan 29, 2015 (LBO) - Sri Lanka’s government will give a 15 percent interest rate to deposits of senior citizens in banks of up to one million rupees, …

Sri Lanka reduces prices of 13 essential goods with effect from Midnight today: Interim Budget 2015

Jan 29, 2015 (LBO) – Sri Lanka’s new government will reduce the prices of 13 essential goods by removing of taxes, Minister of Finance Ravi …

Sri Lanka to impose ‘super gains’ tax on company profits: Interim Budget 2015

Jan 29, 2015 (LBO) - Sri Lanka will impose a 25 percent 'super gains tax on companies earning over two billion rupees in net profit, Finance Minister Ravi …

Sri Lanka to impose a casino tax of Rs1 bn : Interim Budget 2015

Jan 29, 2015 (LBO) - Sri Lanka will impose a one time tax of one billion rupees on casino owners, Finance Minister Ravi Karunanayake said, in presenting the …

Sri Lanka to merge the national carrier and the island’s budget airline

Jan 29, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake said that the government plans to merge the national carrier SriLankan Airlines …

Sri Lanka’s government reduce gas prices

Jan 29, 2015 (LBO) – Sri Lanka’s new government reduced the price of 12.5 Kilogram cylinder of gas by 300 rupees. Finance Minister Ravi …

Sri Lanka’s new Govt’s mini budget to cover 100-day programme

Jan 29, 2015 (LBO) – Sri Lanka’s newly elected government to present a mini budget to the Parliament today. The government announced a fuel tax cut …