Sri Lankan coastal towns threatened by rising sea level
Nov 14, 2007 (LBO) – Sri Lanka's coastal settlements are at risk of rising sea levels caused by global warming while those in the central hills face …
Economy & Markets
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Sri Lanka trade deficit widens in September; 9-month deficit still down
Nov 14, 2007 (LBO) – Sri Lanka's trade deficit widened in September to 281 million from 199 million a year ago, but the gap for the first nine months of …
Sri Lanka says US$500 million bond has been used to repay debt
Nov 13, 2007 (LBO) - Sri Lanka's finance ministry confirmed Wednesday that the proceeds of its biggest ever foreign bond issue had already been spent to repay …
Sri Lanka private sector calls for fewer, simpler taxes
Nov 12, 2007 (LBO) – Sri Lanka's private sector Monday urged the government to do more to reduce the multitude of taxes and simplify the system in order …
Sri Lanka rupee gains, excess liquidity drops
Nov 12, 2007 (LBO) - The Sri Lanka rupee strengthened to 110.32/35 in spot trade Monday recovering losses made last week dealers said, while the central bank …
Sri Lanka top chamber says budget commitments good, but implementation is key
Nov 09, 2007 (LBO) – Sri Lanka's most powerful business chamber welcomed a government commitment to lower the budget deficit next year, but said …
Sri Lanka new tax proposal summary
Here are some of the key government revenue proposals presented in the 2008 budget: - Tax Reliefs for new investments in the Eastern Province - The following …
Sri Lanka taxes hit drinkers, smokers and drivers
Nov 08, 2007 (LBO) - Sri Lanka's cash strapped government is taxing booze, smokes and cars again to boost government revenues and finance subsidies, the 2008 …
Sri Lanka to have single digit inflation and 7 to 7.5-pct growth in 2008: CB
Nov 08, 2007 (LBO) – Sri Lanka's Central Bank has once again promised to bring inflation now raging near 20 percent to single-digits in 2008, while …
Severe Sri Lanka state cash crunch revealed
Nov 08, 2007 (LBO) – Though budget numbers tabled in Sri Lanka's parliament suggested that no money had been printed in 2007, other documents showed a …
Sri Lankan exporters welcome incentives, criticise lost tax breaks
Nov 08, 2007 (LBO) – Sri Lankan exporters Thursday welcomed incentives in the government's 2008 budget but warned reduced tax holidays and higher …
Sri Lankan earnings from abroad to be tax free
Nov 07, 2007 (LBO) – Incomes earned abroad by Sri Lankans including dividends and interest earned abroad that is remitted through the banking sector …
Sri Lankans abroad buying ‘homeland’ bonds to get land tax break
Nov 07, 2007 (LBO) – Foreign resident Sri Lankans who will buy a special bond would be allowed to buy land in the country without a penal 100 percent …
Sri Lanka budgets 7-pct deficit for 2008
Nov 07, 2007 (LBO) – Sri Lanka says the budget deficit for 2008 would be 7.0 percent of the economy and the country was hoping to balance its revenues …
Sri Lanka to limit tax holidays – Update II
Nov 07, 2007 (LBO) – Sri Lanka would cap tax holidays to a maximum of three years from 2008, and extend tax incentives only to low income housing and …
Sri Lanka talks growth-inflation tightrope
Nov 07, 2007 (LBO) – Central Bank governor Ajith Nivard Cabraal said that tight monetary policy and efforts to reduce the budget deficit should trim …
Sri Lanka seeks budget balance between subsidies and development
Nov 07, 2007 (LBO) - Sri Lanka is seeking a balance between subsidies and development in a budget for 2008 to be presented today, as officials said planned …
Sri Lanka leader says terrorism must be defeated to achieve peace
Nov 07, 2007 (LBO) – Sri Lankan President Mahinda Rajapakse said Wednesday that Tamil Tiger separatist terrorism has to be defeated in order to achieve …
Sri Lankan ship owners win tax relief in budget
Nov 07, 2007 (LBO) – Sri Lanka ship owners won a tax concession in the government's budget for 2008 presented in parliament Wednesday by president and …
Sri Lanka government moves into shop keeping
Nov 07, 2007 (LBO) – Sri Lanka's government which has been unable to provide adequate public goods such as roads, power or water to its people for …