Tag: lbo
Petrol and diesel would be market priced in the future, Finance Minister says
In a hopeful sign that responsible economic management may be returning to the country, Finance Minister Sarath Amunugama said, petrol and diesel would be market priced in the future. In a hopeful sign that responsible economic management may be returning to the country, Finance Minister Sarath Amunugama said, petrol and diesel would be market priced […]
Houses for migrant workers and public servants and cess on contractors
The government plans to revive the local construction industry with housing schemes for migrant workers and public servants and a cess on contractors.The government plans to revive the local construction industry with housing schemes for migrant workers and public servants and a cess on contractors. The budget on Thursday announced that the Construction Industry Guarantee […]
The government has approached the Revenue Authority of Thailand and the ADB to move the Inland Revenue Department to a new administration structure from next year
The government has approached the Revenue Authority of Thailand and the ADB to move the Inland Revenue Department to a new administration structure from next year. This will include investment into human resources, automation, professional tax audits from next year. A new tax code is to also be rolled out shortly, Finance Minister Sarath Amunugama […]
Japan lends Rs. 780 mn to ease balance of payment crunch and promote economic development
Sri Lanka has secured around Rs. 780 mn (Japanese Yen 800 mn) worth of financial assistance from Japan to ease balance of payment difficulties and promote economic development. Sri Lanka has secured around Rs. 780 mn (Japanese Yen 800 mn) worth of financial assistance from Japan to ease balance of payment difficulties and promote economic […]
‘s eBudget goes in to the box
On Wednesday afternoon a beaming Finance Minister, Dr.Sarath Amunugama ceremonially transferred the an e-assisted budget to the red budget box for the UPFA government’s maiden budget reading on Thursday.On Wednesday afternoon a beaming Finance Minister, Dr. Sarath Amunugama ceremonially transferred the an e-assisted budget to the red budget box for the UPFA government’s maiden budget […]
Friar Tuck and Maid Marian support home grown budget
Sri Lanka’s Finance Minister lashed out at the country’s English press and an international wire service on the eve of the budget, for what he termed biased reporting of the economic situation of the country.Sri Lanka’s Finance Minister lashed out at the country’s English press and an international wire service on the eve of the […]
The Finance Minance Minister’s eBudget goes in to the box
On Wednesday afternoon a beaming Finance Minister, Dr.Sarath Amunugama ceremonially transferred the an e-assisted budget to the red budget box for the UPFA government’s maiden budget reading on Thursday.On Wednesday afternoon a beaming Finance Minister, Dr. Sarath Amunugama ceremonially transferred the an e-assisted budget to the red budget box for the UPFA government’s maiden budget […]
Finance Minister promises to confound his critics through the budget
Sri Lanka’s government is promising to confound its critics through a budget, which will signal a shift in policy from recent years.Sri Lanka’s government is promising to confound its critics through a budget, which will signal a shift in policy from recent years. “I can only say that it will be a people friendly budget,” […]
‘s economic woes
The latest failed attempt to revive peace talks is bad news for Sri Lanka’s economy, already in trouble from high inflation, a foreign exchange crisis and a falling rupee.The latest failed attempt to revive peace talks is bad news for Sri Lanka’s economy, already in trouble from high inflation, a foreign exchange crisis and a […]
Deadlock in peace talks compounds Sri Lanka’s economic woes
The latest failed attempt to revive peace talks is bad news for Sri Lanka’s economy, already in trouble from high inflation, a foreign exchange crisis and a falling rupee.The latest failed attempt to revive peace talks is bad news for Sri Lanka’s economy, already in trouble from high inflation, a foreign exchange crisis and a […]
Further tax hikes on business and high income earners may top Thu. budget
Sri Lanka’s government will likely focus on measures to boost revenue when it presents its 2005 budget next week, with a series of new taxes targeting businesses and high-income groups expected to be at the top of the list.Sri Lanka’s government will likely focus on measures to boost revenue when it presents its 2005 budget […]
Begging Success
Giving a brief respite to the cash-strapped government, Malaysian State Oil Company Petronas has agreed to defer crude oil payments for up to six months to help Sri Lanka manage the exchange rate crisis.Giving a brief respite to the cash-strapped government, Malaysian State Oil Company Petronas has agreed to defer crude oil payments for up […]