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- onlanka.com - Category : Breaking News - Relavancy : 0.08432344

Sri Lanka's President, Ranil Wickremesinghe, asserted that the nation’s economy is experiencing robust growth due to the government’s initiatives.The post Sri Lanka’s President says Government initiatives drive robust economic growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- onlanka.com - Category : Breaking News - Relavancy : 0.22486252

Sri Lanka’s State Minister of Finance Ranjith Siyambalapitiya said on Friday (June 16) that import of vehicles cannot be allowed at this moment under the prevailing economic situation.The post Sri Lanka’s Finance State Minister says vehicle imports cannot be allowed yet appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.

- colombogazette.com - Category : Breaking News - Relavancy : 0.08432344

The Government is to consider restructuring Sri Lanka’s domestic debt, but a final decision is yet to be taken, President Ranil Wickremesinghe told Parliament today. He said that all aspects will be looked into when restructuring Sri Lanka’s domestic debt. “Some banks are saying they will not be able to face this. Then they must […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.09837735

[…]The post Taxes, Swiss Bank Accounts & The Chinese Cafe appeared first on Colombo Telegraph.

- island.lk - Category : Breaking News - Relavancy : 0.11243126

By SHIHAR ANEEZ Tens of thousands of Sri Lankan individuals as well as corporates have to cut spending and investment from January as steep income tax rates come into force to finance a bloated state amid 65 percent inflation and turnover tax hikes that had already depleted disposable incomes. The higher income taxes are coming in […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.07026954

[…]The post The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid Architecture? appeared first on Colombo Telegraph.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.07026954

[…]The post Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? appeared first on Colombo Telegraph.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.09837735

[…] The post Lack Of Accountability, Ability & Credibility appeared first on Colombo Telegraph.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.07026954

[…] The post A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War appeared first on Colombo Telegraph.

- www.ft.lk - Category : Business - Relavancy : 0.11243126

Global giant Standard Chartered Bank tips Sri Lanka’s economic growth to rebound in 2013, after contracting this year from 2011. It is forecasting economy to grow by 7.5% in 2013 and by 7.7% in 2014 from 6.8% this year. However, forecasts for the next two years are lower in comparison to record 8.3% growth achieved ...

- www.ft.lk - Category : Business - Relavancy : 0.14053908

By Amantha Perera IPS: For many Sri Lankans, the effects of climate change can be summed up in one word: rainfall. “The biggest impact (of climate change) is rainfall or the lack of it,” W.L. Sumathipala, one of Sri Lanka’s foremost experts in changing climate patterns, told IPS on a scorching hot and humid day ...

- www.ft.lk - Category : Business - Relavancy : 0.14053908

Standard Chartered Bank has revised Sri Lanka’s credit outlook to stable from positive and is advising bond investors to await the conclusion of Sri Lanka’s $ 1 billion Sovereign issue prior to getting involved in the country’s debt market opportunities. This advise is contained in SCB’s latest Asian sovereign credit coverage. “While we believe that ...

- www.ft.lk - Category : Business - Relavancy : 0.08432344

By Damien The Secretary to the treasury Dr. P.B Jayasundera recently made statement that the country is wasting the foreign currency on things that can be made in this country. I would like to add to this by stating that as a country we should have clear targets and policies that are aimed at both ...

- www.ft.lk - Category : Business - Relavancy : 0.19875227

Central bank Governor says country is targeting per capita income of $4,000 by 2015Ajit Nivard Cabraal is a man intimately associated with the economic development of Sri Lanka. Well before he became the Governor of the Central Bank of Sri Lanka, in 2006, Cabraal was the chief economic adviser to President Mahinda Rajapaksa, who was ...

- www.ft.lk - Category : Business - Relavancy : 0.7936789

IPS: Most things in Sri Lanka are becoming expensive these days. In early February fuel prices were increased by margins ranging from eight to 49 per cent, with the all-important diesel, used widely in commercial transport and power generation, going up by 36 per cent. The Sri Lankan rupee

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- www.ft.lk - Category : Business - Relavancy : 0.7936789

Peninsula, DOHA:  The Sri Lankan rupee which has been fast tumbling against the dollar is expected to recover soon, and might actually begin appreciating, says Sri Lanka’s Central Bank Governor Ajith Nivard Cabraal. The official said that the rupee now ruling at 120 a dollar will start

- news360.lk - Category : Breaking News - Relavancy : 0.22486252

A Sri Lankan Cabinet Minister today admitted that the country is facing economic difficulties, but added the issue is common for the entire world. Minister of Health Maithreepala Sirisena says it is in this backdrop the government had to take hard decisions such as raising fuel prices and imposing a fuel surcharge on electricity bills. Sirisena says ...

- www.ft.lk - Category : Business - Relavancy : 0.1967547

(Bloomberg): Sri Lanka doesn’t need to further tighten monetary policy for now even though an increase in fuel and transportation costs and a weakening currency may stoke inflation, the head of the central bank said. The central bank’s rate increase earlier this month will have a “demand-driven impact” and help moderate inflation, its Governor Ajith ...

- www.ft.lk - Category : Business - Relavancy : 0.119251356

The Central Bank of Sri Lanka recently unveiled its pioneering Sixth Strategic Plan – communicating in all transparency its plans for the forthcoming financial period – based on the theme ‘Raising the Bar’. The Sixth Strategic Plan, like its predecessors, takes root from the policy measures underscored in the ‘Mahinda Chinthana,’ and is formulated to ...

- www.ft.lk - Category : Business - Relavancy : 0.079500906

Arrenga Capital Research takes a deeper look at Budget 2012 and impact on select listed companies 1. A challenging deficit target – 6.2% of GDP in 2012 I. Government revenue targeted to grow by 20.2% YoY to Rs. 1,126.1 b (14.7% of GDP) II. Total Government expenditure to rise 14.1% YoY to Rs. 1,594.9 b ...

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