Sri Lanka govt gives dates for new taxes
Nov 11, 2008 (LBO) - The Sri Lankan government has announced the dates on which new taxes imposed in the government budget for 2009 will become effective. buy …
Economy & Markets
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Sri Lanka shares weaken, trading dries up
Nov 11, 2008 (LBO) - Sri Lankan shares ended marginally lower Tuesday after swinging both ways with trading drying up as wary investors remained on the …
Pakistan, Sri Lanka and Vietnam most at risk of a credit downgrade: report
Nov 10, 2008 (LBO) – Pakistan, Sri Lanka and Vietnam are most at risk of a credit downgrade in Asia by the rating agency Standard and Poor's (S&P), amid …
Sri Lanka shares slump, Sunshine Holdings trading props up turnover
Nov 10, 2008 (LBO) - Sri Lankan shares ended lower Monday, despite opening firmly in the morning, as investors stayed away from trading owing to uncertainty …
Sri Lanka recent policy has crippled domestic industry: opposition
Nov 09, 2008 (LBO) - Sri Lanka's current economic framework has crippled domestic industry and protectionist taxes announced in the 2009 budget are …
Sri Lanka spends US$587mn to prop up rupee in October
Nov 08, 2008 (LBO) - Sri Lanka has spent 587 million dollars to prop up the rupee in October, pushing the total to 790 million dollars over past two months, …
Sri Lanka budget cuts taxes, but imposes new one
Nov 07, 2008 (LBO) – Sri Lankan accountants say the proposed cut in Value Added Tax (VAT) in the government's 2009 budget would not provide much relief …
Sri Lanka shares slump
Nov 07, 2008 (LBO) - Sri Lankan shares Friday fell for the second day running after rising on thin volumes for several days with brokers saying small investors …
Sri Lanka budget deficit projected at 6.5-pct of economy
Nov 06, 2008 (LBO) - Sri Lanka raised trade barriers and cut neutral value added taxes in its 2009 budget which is projected to have a deficit of 336 billion …
Sri Lanka shares fall on profit taking on thin volumes
Nov 06, 2008 (LBO) - Sri Lankan shares slumped Wednesday after several days of gains on thin volumes as investors took profits, with brokers saying the …
Sri Lanka 2008 economic growth 6.0 to 6.5: Central Bank
Nov 06, 2008 (LBO) - Sri Lanka's economic growth is likely to fall to between 6.0 and 6.5 percent in 2008, the island's central bank has said, downgrading a …
Sri Lanka ruling party champions fiscal prudence, as opposition scrapes bottom
Nov 06, 2008 (LBO) – Sri Lanka's ruling party, whose fiscal profligacy caused high inflation and high interest rates while endangering the entire economy …
Sri Lanka government to spend Rs200bn for defence in 2009
Nov 06, 2008 (LBO) – Sri Lanka's government would spend 360 billion for capital expenditure in 2009, and 200 billion for defence, the island's president …
Sri Lanka proposes range of taxes and import cesses
Sri Lanka has proposed sweeping levies on imported foods, and consumer durables, jacked up a turnover based levy on international trade, trimmed value added …
Sri Lanka shares up on thin volumes, plantations rally
Nov 05, 2008 (LBO) - Sri Lankan shares continued their rise, Wednesday, on thin trading volumes with plantations stocks rallying on retail investor interest, …
Sri Lanka bond markets tight amid foreign selling
Oct 05, 2008 (LBO) - Sri Lanka sold 2-year bonds maturing in September 2010 in an auction Tuesday at an average of 20.43 percent, a day after bonds maturing in …
Sri Lanka grey market dollar rate up; CB bill stock Rs89.5bn
Nov 04, 2008 (LBO) - Sri Lanka's grey market rate for US dollars has spiked sharply as the central bank continued to intervene in forex markets and print money …
Sri Lanka shares maintain upward swing, trading thin
Nov 04, 2008 (LBO) - Sri Lankan shares maintained their upward momentum, Tuesday, but the low volume of trading raised doubts whether the upswing would last as …
Sri Lanka main opposition presents sunshine ‘budget’
Oct Nov 04, 2008 (LBO) – Sri Lanka's main opposition United National Party has revealed a sunshine 'budget' promising massive salary increases to the …
Sri Lanka defence, subsidy costs overshoot ahead of next budget
Nov 03, 2008 (LBO) – Sri Lanka's budget for 2009 will focus on keeping a military campaign on track while also providing resources to build …