Compensation package for termination of employment coming in January
The Minister of Labour says a compensation package for terminated workers and an unemployment benefit scheme will be implemented in January 2005. online …
Economy & Markets
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Sri Lanka bans tinted glasses on vehicles
Sri Lanka Thursday announced a ban on tinted glasses on vehicles and urged motorists to carry identity papers with them as the authorities moved to crack down …
Sri Lanka’s Tiger supremo turns 50 amid war and peace choice
Elusive Tamil Tiger guerrilla supremo Velupillai Prabhakaran, who turns 50 on Friday, is arguably the man who will decide whether Sri Lanka remains at peace or …
Paternity leave, on top of statutory leave is not an option, says the Sri Lankan government.
The 2005-Budget goodies will not extend to paternity leave on top of all the other sweeties, says the Sri Lankan government to disappointed Sri Lankan men. buy …
Sri Lanka keen to tighten purse strings further
When Sri Lanka faced a rapidly weakening currency and galloping inflation in early 2001, its central bank raised interest rates. buy stromectol online …
Trade deficit for the nine months up US$ 631 million, to US$ 1.57 billion on an inflated fuel bill
New credit facilities from India and Iran to finance oil imports will help narrow a widening trade deficit, say the Central Bank. online pharmacy buy strattera …
Budget tax proposals to go before tax cluster
A joint government-private sector tax cluster will re-examine all the changes to taxes proposed in the budget, says the Treasury Secretary. online pharmacy buy …
Pakistan hopes to wrap up a trade deal with Sri Lanka this week to be operational by early next year
The Pakistani Premier says the FTA with Sri Lanka will be finalised this week and operational by early next year. online pharmacy buy ciprodex with best prices …
The Ceylon Chamber Commerce has told the government that getting higher tax revenues will be a bigger challenge than controlling expenditure
The Ceylon Chamber Commerce has told the government that getting higher tax revenues will be a bigger challenge than controlling expenditure. buy symbicort …
Sri Lanka Telecom’s maiden US$ 100 mn five-year bond issue has been oversubscribed ten times on Friday
Sri Lanka Telecom's maiden US$ 100 mn five-year bond issue has been oversubscribed ten times, a spokesman for one of the lead managers said Friday. Sri Lanka …
Next year’s budget success hinges on ambitious revenue targets, but a drop in economic growth, acutely shows the defeatism on the part of this nation.
Sri Lanka's 2005 budget contained several measures to raise revenue and an ambitious target of cutting the revenue deficit to 1.3 percent of GDP from – 3.7 …
Making babies, the UPFA way
Adorned in a very western two piece suit, Sri Lanka's Harvard and University of France educated Finance Minister Dr. Sarath Leelananda Bandara Amunugama …
The government plans to divest remaining shares it holds in listed hospitality stocks, and tinker with taxes to encourage the growth of the capital market
The government plans to divest remaining shares it holds in listed hospitality stocks, and tinker with taxes to encourage the growth of the capital market. The …
Key state enterprises are being dressed up for commercial viability, while government hunts for fund manager to manage Rs. 15 bn in excess cash
Key state enterprises are being dressed up for commercial viability, while government hunts for fund manager to manage Rs. 15 bn in excess cash. Key state …
Sri Lanka abandons single band VAT with triple layer and plans to tax weddings and related services at a higher rate of 18%
The government abandons single band VAT and is planning to tax weddings and wedding services, and reception hall rentals at a new higher rate of 18 percent. …
Setting the background to the 2005 budget speech Finance Minister Sarath Amunugama says the budget was prepared entirely by local experts without a single foreign expert
Setting the background to the 2005 budget speech Finance Minister Sarath Amunugama says the budget was prepared entirely by local experts without a single …
Tax break for agro sector to woo private investment
Agriculture is to be exempt from income tax, with earnings from the cultivation and sale of non-processed plants, non-taxable for five years from April 1 next …
Railway to operate as a commercial enterprise within the department structure
The railway will operate as a commercial enterprise within the department structure, says the Finance Minister. buy phenergan online …
Highlights of Sri Lanka’s 2005 national budget.
Highlights of Sri Lanka’s 2005 national budget. The UPFA government’s budgetary strategy for the next three years. 1. Raise government revenue, within a …
Sri Lanka’s cash strapped government plans to fill up the coffers with higher taxes, but has scrapped plans for privatisation, according the budget estimates for 2005
Sri Lanka's cash strapped government plans to fill up the coffers with higher taxes, but has scrapped plans for privatisation, according the budget estimates …