Stage set for a $ 100 b economy - CB Governor
The economic landscape of Sri Lanka will be
repositioned to accommodate the $ 100 b GDP and $ 4,000 per capita
income targets.The policy measures to ensure sustainable economic
growth has been perfected to a greater extent and the country has
experienced an excellent three years, with plenty of opportunities,
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BoC makes great strides, achieves Rs 20b profit
The Bank of Ceylon has made great strides in the
banking industry and is set to achieve Rs 20 b profit for 2012.“The
Bank has been benchmarked as a profitable state venture and the
profit for 2012 will be seven times more than six years ago. The
next stage of development for BoC will be to venture out.
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'2013 positive year, $ 1.5 b FDIs expected'
The Government needs tax revenue and self
compliance is encouraged where a simplified tax regime is
implemented in the country at present. “We need revenue and measures
will be taken to facilitate processors to generate revenue. There is
a modest growth in government revenue and a revenue service centre
will be set up at the Inland Revenue Department as a one-stop-shop
to provide an efficient service to the public,”
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Rural deposit mobilisation, key to industry growth
The National Savings Bank (NSB) will mobilise
savings in rural areas considering its previous performance and
industry growth, NSB General Manager and CEO Hennayake Bandara said.
He said that with a deposit base of Rs. 442 b the NSB will focus on
rural deposit mobilisation and improving foreign remittance
business.
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Inland Revenue targets Rs 575b in taxes
The Inland Revenue Department targets a revenue
of Rs. 575 b this year, Commissioner General of the Inland Revenue
Department, Mallika Samarasekera said. She said that the Department
is confident of achieving this target due to the confidence that has
been built among tax payers.
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