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Friday December 9th, 2022
Economy

Sri Lanka expects to ink tank deal with India next week as cabinet nod given: Minister

The company will be subject to government scrutiny and can be questioned by parliament committees, he said.

January 4, 2022 2 min read

Sri Lanka central bank goes US$1.6bn in to the red in Nov 2021

The Central Banks' reserve related liabilities started exceed assets from September

January 4, 2022 2 min read

Sri Lanka unveils handouts of 10-pct of projected revenue as inflation rages

No taxes planned says Finance Minister

January 4, 2022 3 min read

Sri Lanka to raise state salaries, pensions, agriculture subsidies

Plantations workers to get subsidized wheat, higher prices for rice

January 3, 2022 2 min read

India offers Sri Lanka US$450mn as President Gotabaya meets Modi

India has offered Sri Lanka a 450 million US dollars to build infrastructure and boost security as President Gotabaya R...

November 29, 2019 1 min read

Sri Lanka Samurai bond may be in January : CB Governor

Sri Lanka's planned Samurai bond sale may be pushed back to January from a earlier plan to go to market in December, Cen...

November 29, 2019 1 min read

Govt to slash spending, push up non-tax revenues - Bandula

The Govt plans to slash spending and push up non-tax revenues in a bid to keep the budget deficit at 5 per cent of gross...

November 29, 2019 1 min read

Sri Lanka's central bank holds rates watching tax cuts, budget deficit

Sri Lanka is holding policy rates at current levels, amid worsening of the budget deficit so far this year and recent t...

November 29, 2019 3 min read

Sri Lanka to slash spending, push up non-tax revenues: Bandula

Sri Lanka plans to slash spending and push up non-tax revenues in a bid to keep the budget deficit at 5 percent of gross...

November 29, 2019 1 min read

Sri Lanka PAYE tax to be abolished, uniform personal income tax on all earnings

Sri Lanka is abolishing Pay As You Earn (PAYE) on salaries and withholding tax on interest up to 250,000 rupees a month,...

November 28, 2019 2 min read

Committee to probe ‘Yal Devi’ derailment

Sri Lanka Railways has appointed a committee to investigate yesterday's derailment of the Yal Devi express train, Railwa...

November 28, 2019 1 min read

Sri Lanka President's committee seeks qualified persons to run SOEs

A committee appointed by President Gotabaya Rajapaksa is seeking qualified professional to run state owned enterprises, ...

November 28, 2019 1 min read

Stocks surge 1.6 pct after tax cuts

Stocks surged 1.6% in the first hour of trading after the Govt announced a slew of tax cuts that may help boost corporat...

November 28, 2019 1 min read

Sri Lanka tax cuts to boost growth amid concerns: report

A host of tax cuts by Sri Lanka's new government will provide an immediate boost to economic growth and corporate profit...

November 28, 2019 2 min read
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today yesterday
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Sri Lanka tax cuts to boost economy, 5-pct of GDP deficit in 2020: Treasury Secretary

Sri Lanka's economic activity will pick up following a series of the tax cuts and the expansion of economic activity wi...

November 28, 2019 2 min read

Sweeping tax cuts announced; VAT down to 8%; PAYE, NBT slashed

Following its first-ever Cabinet meeting, President Gotabaya Rajapaksa's caretaker government announced sweeping tax cut...

Imesh Ranasinghe
November 27, 2019 2 min read

Sri Lanka replaces VAT, NBT with 8-pct tax, ESC, debit tax removed: Bandula

Sri Lanka's cabinet had approved a cut of value added tax to 8 percent from 15, removed withholding tax on interest, a ...

November 27, 2019 1 min read

Sri Lanka subsidized credit schemes under review

Sri Lanka is reviewing subsidized credit schemes targeting small and medium entrepreneurs, are expected to resume after ...

November 27, 2019 1 min read

Finance Ministry to reorganise Enterprise Sri Lanka loan scheme

The Ministry of Finance, Economic and Policy Development will review and reorganise the Enterprise Sri Lanka concessiona...

November 26, 2019 1 min read

Sri Lanka will not threaten India's security, will change Hambantota deal: President

Sri Lanka will not engage in activities to harm the security interests of India and will re-negotiate a deal that with ...

November 26, 2019 2 min read

Sri Lanka to make laws to clear state workers from prosecution: PM

Sri Lanka will make new laws to clear state workers from the wrongdoing or lapses committed by taking decisions made in...

November 25, 2019 1 min read

Coomaraswamy to quit as CBSL Governor

Central Bank of Sri Lanka (CBSL) Governor Dr. Indrajit Coomarawsamy has decided to call it quits in December for persona...

November 25, 2019 1 min read

Qualified people to head Sri Lanka SOEs, president says

Only qualified and experienced people will be appointed to head Sri Lanka's statutory bodies and State-Owned Enterprises...

November 22, 2019 1 min read

Sri Lanka national inflation hits 5.6-pct in October

Sri Lanka’s nationwide inflation hit an almost two-year high of 5.6 percent in October 2019, according to central bank...

November 21, 2019 1 min read