Tag: lbo
‘s death
A senior police officer was murdered by a mob in northern Sri Lanka Thursday after a barber giving a hair cut was accidentally shot dead, police chief Chandra Fernando said.A senior police officer was murdered by a mob in northern Sri Lanka Thursday after a barber giving a hair cut was accidentally shot dead, police […]
VAT on milks foods and gas to be removed to reduce cost of living
The government announced it will remove VAT on milk foods and gas to reduce the cost of living but increased VAT on other items without announcing it.The government announced it will remove VAT on milk foods and gas to reduce the cost of living but increased VAT on other items without announcing it. “To address […]
IMF bowls a googly to Sri Lanka
The International Monetary Fund on Wednesday urged Sri Lanka to restore the independence of its Central Bank, tighten monetary policy and urged cut backs in fuel subsidies, to maintain economic stability.The International Monetary Fund on Wednesday urged Sri Lanka to restore the independence of its Central Bank, tighten monetary policy and urged cut backs in […]
VAT on luxury items goes up to 20%
Value Added Tax or VAT on the government list of luxury items went up from 18 percent to 20 percent from August 1, said the Inland Revenue. Value Added Tax or VAT on the government list of luxury items went up from 18 percent to 20 percent from August 1, said the Inland Revenue. “The […]
Pumping in fresh water post tsunami
The International Red Cross and Red Crescent Society will pump in some US$ 30 mn over two years to set up water treatment and distribution systems in tsunami affected area.The International Red Cross and Red Crescent Society will pump in some US$ 30 mn over two years to set up water treatment and distribution systems […]
Norwegian mediator puts work in Sri Lanka on hold
OSLO, Aug 1 (AFP) – A leading Norwegian mediator in the ongoing peace process in Sri Lanka said on Monday he would put his mediation work on hold to participate in Norway’s general election campaign next month. OSLO, Aug 1 (AFP) – A leading Norwegian mediator in the ongoing peace process in Sri Lanka said […]
Soothing Balm
Ceylon Petroleum Corp (CPC) is issuing additional stocks of petrol on Saturday, to prevent motorists from triggering another panic attack on Sri Lankan fuel sheds, its Chairman said.Ceylon Petroleum Corp (CPC) is issuing additional stocks of petrol on Saturday, to prevent motorists from triggering another panic attack on Sri Lankan fuel sheds, its Chairman said. […]
Panic, Panic
Sri Lankan motorists queued up at petrol sheds late Friday in a bout of panic buying on rumours that fuel shipments due early next week were being delayed.Sri Lankan motorists queued up at petrol sheds late Friday in a bout of panic buying on rumours that fuel shipments due early next week were being delayed. […]
Sri Lanka July annualized inflation 12.7%
Sri Lanka’s consumer price index rose 12.7 percent in the 12 months to the end of July, accelerating from 11.1 percent rise in June, due to a hike in fuel prices, the Census and Statistics Board said Friday.Sri Lanka’s consumer price index rose 12.7 percent in the 12 months to the end of July, accelerating […]
The race for Presidency in Sri Lanka has begun
The Sri Lanka Freedom Party(SLFP) officially announced Prime Minister Mahinda Rajapaksa as the party’s presidential candidate on Thursday.The Sri Lanka Freedom Party(SLFP) officially announced Prime Minister Mahinda Rajapaksa as the party’s presidential candidate on Thursday. The SLFP also announced that Minister of Tourism and Investment Promotions, Anura Bandaranaike, would be Prime Minister in the case […]
Sri Lanka PM wins party nomination for presidency
Sri Lanka’s ruling party has chosen Prime Minister Mahinda Rajapakse as its candidate for the presidency amid a deepening controversy over when the poll should be held, party sources said Wednesday.Sri Lanka’s ruling party has chosen Prime Minister Mahinda Rajapakse as its candidate for the presidency amid a deepening controversy over when the poll should […]
Chinese currency adjustment hits Sri Lankan consumers
China’s currency adjustment last week will trickle down to Sri Lankan consumers as another unwelcome price increase, say local businesses. China’s currency adjustment last week will trickle down to Sri Lankan consumers as another unwelcome price increase, say local businesses. “After the re-valuation of the yuan, the prices of Chinese exports increased by 12 percent,” […]