Economy & Markets

Tigers to let Tamils vote for Sri Lanka president

Sri Lanka's Tiger rebels will allow minority Tamils to vote in next week's presidential election, the guerrillas' proxies in parliament said Thursday.buy …

Elephants Walk Out

Sri Lankas main opposition party, the United National Party, took a sudden decision to boycott Tuesday budget, citing its a mere academicals exercise, a senior …

Budget 2006: Is it achievable?

The 2006 budget expects revenue to go up by 1.1 percent of GDP to 17.5 percent of GDP and the overall budget deficit to remain at 7.1 percent of GDP. The 2006 …

Sri Lanka to change banking laws to mandate bigger credit to agro sectors

Sri Lanka plans to bring in changes to its banking laws before next March to mandate banks to double their agriculture lending portfolio, Treasury Secretary …

Sri Lanka’s peace chief quits amid deadlock in talks

Sri Lanka's top official handling the peace process with Tamil Tiger rebels resigned Wednesday ahead of presidential elections this month, a government …

Sugar Coating

Sri Lanka's government is likely to announce ambitious spending plans to help low-income groups and farmers when it presents its 2006 budget proposals next …

Sri Lanka promises Vehicle permits and higher pay for public servants

Sri Lanka is offering tax breaks on vehicle permits, higher pay and cash for unpaid leave to encourage its bloated public sector to become more efficient. Sri …

Late Demands

The Ceylon Chamber of Commerce wants a pre-election budgetary position made public, before the Presidential election. online pharmacy buy lipitor no …

Sri Lanka offers tax-free ICC cricket

The Sri Lankan government announced Tuesday that all International Cricket Council (ICC) events held in this cricket-mad island will be given total tax …

Gift Wrap

Sri Lanka's Prime Minister is promising to give paid paternity leave, duty free vehicles for good taxpayers, free spectacles for the disable, and splash out …

How Amunugama nearly missed the bus

Finance Minister Sarath Amunugama nearly missed presenting the 2006 budget today after his staff got the time wrong and forced him to an inauspicious start. …

Milk & Honey

Treasury Secretary says GDP growth will surpass six percent this year but independent economists give sharply lower forecasts. Treasury Secretary says GDP …

Download the 2006 budget speech here

The Freedom Alliance Govenment on Tuesday presented its second budget since coming into power after the snap April 2004 polls. buy ocuflox online …

Budget – losing its significance?

While the ‘pre Presidential poll’ budget is being sidelines as election propaganda, the country’s overall financial planning process is also losing its …

Candy Man

Sri Lanka plans to lean on foreign aid and debt relief to trim its deficit, though Tuesday’s budget will be sugar coated to woo voters in the run up to next …

Punters cash out of Colombo bourse pre-budget

Punters at Sri Lanka’s tiny stockmarket, cashed out on budget day with poor postal voter turnout in the North and East also adding to investors woes, brokers …

Hanky Panky

Sri Lanka's main opposition Sunday demanded the postponement of the annual budget until after the presidential vote next month, arguing that the government may …

Taxes hiked on Financial Services, alcohol,

VAT on Financial Services Sri Lanka to hike value added taxes and excise duties to fund its welfare budget, finance minister Sarath Amunugama said Tuesday. VAT …

Butt end Budget

The presidential election has cast a cloud over the budget making it less important to investors and the private sector in general. buy cenforce online …

Tax changes in 2006 budget

VAT on Financial Services Sri Lanka to hike value added taxes and excise duties to fund its welfare budget, finance minister Sarath Amunugama said Tuesday. VAT …