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Budget-2011
GOVERNMENT TAKES OVER SHELL GAS
Marking a remarkable leap forward in the Sri Lanka consumer market, the government has fully taken over the ownership of the Shell Gas Company.
The agreement to this effect was signed by Dr. P.B. Jayasundera, Secretary, Ministry of Finance and Planning and Addl. Secretary to HE the President and the Chairman, Sri Lanka Insurance Corporation Mr. Gamini Senarath on behalf of the Sri Lanka Government and Mr. Andrew Crowe, General Manager, new Business Portfolio Shell on behalf the Shell Gas International Company.
(03 Nov 2010)Full Story..
The International Reserves Reached USD 7 billion
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Reflecting the economic stability in the country, the gross official reserves surpassed US dollars 7 billion 04th October 2010. This is the highest ever reserves level recorded in the history and is sufficient to cover 6.8 months of imports.
(08 Oct 2010)Full Story..
Sri Lanka positioned the first most –generous country in Asia and eighth in the world, according to a ranking from the World Giving Index 2010. Australia tops the list, followed by New Zealand in the second place and Canada in the third place.The index is based upon surveys and research carried out in 153 nations representing around 95 percent of the world’s population. The index indicates the strength of civil society
(09 Sep 2010)Full Story..
ASPI Reached 5000 for the First Time in the History....
All Share Price Index (ASPI) reached a record level of 5,000 points reflecting the country’s political and economic stability coupled with foreign investors’ confidence. ASPI up by 140 points closed at 5138.9 on 28th July.ASPI for the week ending July 22nd recorded 4,849 gaining 210 points while the MPI gained 268 points to close at 5,500. The total turnover topped at Rs. 2,811 mn compared to Rs. 551 mn in the same period of 2009 ( 23rd,July 2010) More...
EXPORTS REVENUE GROWTH RATE INCREASES
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The exports earnings that declined in 2009 has recorded a growth during the first quarter of 2010.
The export earnings declined by 13 per cent to US $ 7085 million in 2009 due to the lower demand from the Sri Lanka’s major trading partners stemming from the rapid contractions in the respective economies.
(30 July 2010)Full Story..
WESTERN PROVINCE RECORDS HIGHEST GDP CONTRIBUTION
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Reflecting a positive development with the ending of the 30 year old conflict, the Western Province made the highest contribution to the Gross Domestic Product, according to Central Bank of Sri Lanka based on the desegregation of the GDP estimated by the Department of Census and Statistics.(21 July 2010)More..
Sri Lanka at a Glance -2009 
Fiscal Management Report-2010
BUSINESSMEN PAY GOVERNMENT DUES VOLUNTARILY...
An increase in commencing business ventures reflect in the Jaffna District and the enthused businessmen had come forward to pay due taxes to the government coffers voluntarily.The business community in the Jaffna Peninsula liberated from the terrorist clutches has commenced various business ventures on a massive scale and had contributed Rs. 41,967,409/= by way of revenue to the government coffers during the period of January to April this year(09.06.2010)
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PRESS RELEASE
15% surcharge on import duty removed. Import duty on imported raw materials/machines reduced from 11%-8%. Tax on mobile phones,cameras,wrist watches, electronics and motor vehicles slashed
A3 band tariff structure of 5,15,30 comes into operation
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Annual Report-2009
Annual Rerports Issued Under Fiscal Management
(Responsibility) Act No. 03 of 2003
Declined interest Rates....
As a response to easing off the monetary policy stance of the Central Bank in line with the decreased inflation, the money market interest rates have declined by over 900 basis points so far this year. A similar decline is observed in the short term interest rates. As a result, the lending rate has also declined.
( Jan. 08 2010) More...
Japan Provides Human Resources Development Scholarships for the Public Sector ...
The Goverment of Japan has agreed to provide a grant of japanese yen 229 million(approximately Rs. 279 million)for the implementation of the Japanese Human Resources Development Scholarship Programme.The Objective of this Programe is to suport human resources development by providing opportunities for the Government officials to undergo Masters Degree Programmes at higher educational institutions in Japan.(25 May 2010)More..
Inflation decelerated further in April...
The consumer price inflation decelerated to 5.8 percent in April from 6.3 percent in March 2010. It was a decrease of 1.0 percent over March 2010. Core inflation also declined to 6.4 percent from 7.0 percent on the point–to–point basis as compared to the previous month. However, annual average inflation increased to 3.4 percent from 3.2 percent registered in March. (28 April 2010)More..
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