Economy

China, Sri Lanka’s top lender

Nov 23, 2011 (LBO) - China has emerged as the top lender to Sri Lanka in the nine months to September 2011, in terms of money actually disbursed and loans …

Sri Lanka proceeds with expropriations

Nov 24, 2011 (LBO) - Sri Lanka has appointed competent authorities, a ministerial committee and a three member compensation committee to deal with 37 …

Sri Lanka private sector urged to increase investment

Nov 23, 2011 (LBO) - Sri Lanka's private sector has been called upon to make big investments using tax savings and gains from incentives given by government, …

Sri Lanka unemployed graduates take aim at fresh tax grab

No 22, 2011 (LBO) - Sri Lanka's unemployed graduates who have received a 'free' education at at tax payer's funded universities are taking aim at another tax …

Sri Lanka cuts budget deficit, maintains investment: Treasury Secy

Nov 22, 2011 (LBO) - Sri Lanka has managed to gradually reduce the government budget deficit without cutting public investment which is needed to build the …

Sri Lanka business chamber approves devaluation

Nov 22, 2011 (LBO) - Sri Lanka's main business chamber has approved the sudden devaluation of the rupee saying it would boost exports and urged the government …

Sri Lanka to give tax breaks to run sports venues

Nov 21, 2011 (LBO) - Sri Lanka will give tax breaks to run sports venue and make incomes of foreign trainers tax free, president Mahinda Rajapaksa said in a …

Sri Lanka on a progressive path: President

Nov 21, 2011 (LBO) - Sri Lanka is travelling new road turning its back on a "very destructive" path the country started to tread from 1977, President Mahinda …

Sri Lanka expropriations will hurt economy: EIU

Nov 21, 2011 (LBO) - A Venezuela-style law to expropriate dozens of private enterprises will hurt the economy, undermine policy predictability and scare …

Sri Lanka economy to grow over 8.5-pct in 2012: Central Bank

Nov 21, 2011 (LBO) - Sri Lanka's economy is expected to grow between 8. buy ivermectin online …

Sri Lanka 2011 budget target to be met: Central Bank

Nov 21, 2011 (LBO) - Sri Lanka is likely to meet the deficit target of 6.8 percent of gross domestic product set for 2011, with the gap in the first eight …

Sri Lanka disabled solders to get loans

Nov 21, 2011 (LBO) - Sri Lankan soldiers disabled by war will be given a loan scheme to start their own businesses in the government's budget for 2012, Sri …

Sri Lanka rupee to be depreciated 3-pct: Update

Nov 21, 2011 (LBO) - Sri Lanka will depreciate the rupee 3. buy rotacaps online …

Sri Lanka raises annual ‘luxury taxes’ on cars

Nov 21, 2011 (LBO) - Sri Lanka has raised annual taxes on 'luxury' cars between 20,000 to 50,000 rupees a year with new vehicles with engine capacity over two …

Sri Lanka to give tax holidays to smaller enterprises

Nov 21, 2011 (LBO) - Sri Lanka will give tax holidays between 4 to 6 years to companies investing between 50 to 300 million rupees in export and import …

Sri Lanka budget to cut deficit, maintain capex

Nov 20, 2011 (LBO) - Sri Lanka's budget for 2012 to be presented to parliament on Monday will seek to further narrow a deficit, maintain public investment and …

Lessons for Sri Lanka: Vietnam President Sang reveals secrets of FDI success

Nov 19, 2011 (LBO) - Vietnam's remarkable success of drawing foreign direct investment, even from former foes involved in a bitter civil war, came from a …

Sri Lanka business chamber urges consistent tax, investor policies

Nov 18, 2011 (LBO) - The Ceylon Chamber of Commerce said it hopes the Sri Lankan government's forthcoming budget for 2012 would maintain consistency in …

Sri Lanka seized assets re-offered to private managers: minister

Nov 17, 2010 (LBO) - Former owners of expropriated assets may be given a chance to manage the companies again if a competent authority appointed by the state …

Sri Lanka citizens need freedom for economic growth: lawmaker

Nov 17, 2011 (LBO) - Sri Lanka's citizens need freedom for economic progress, a lawmaker said during a debate on an expropriation law which violated property …