Sunday Observer Online


Sunday, 27 March 2016


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Marriage Proposals
Government Gazette
Indian High Commissioner Y. K. Sinha opened Shilpa Kala an exhibition and sale of Indian and Sri Lankan handicrafts and textiles at the Mihilaka Medura, BMICH on Wednesday. Here the High Commissioner and pioneer batik industrialist Buddi Keerthisena take a close look at one of the exhibits. The exhibition ends today. Pic: Vipula Amerasinghe

SL to raise $5b after IMF negotiations

Sri Lanka hopes to raise five billion US dollars following negotiations with the International Monetary Fund (IMF) for a financial safety net in mid April. “The final negotiations with the IMF team will begin soon after Prime Minister Ranil Wickremesinghe’s visit to China in April,” Central Bank (CB) Governor Arjuna Mahendran told Sunday Observer Business.


Megapolis project:

US$13 b investments needed for transport

The Western Region Megapolis Project envisages investments of almost US $ 13 billion to implement the projects under its transport development sector alone. Half of it goes to build new expressways, according to the megapolis master plan. Western Region Megapolis Planning Project (WRMPP) recently unveiled the strategic interventions and the projects to be implemented under this scheme to create the island’s first megapolis,


Decisive meeting with EU on fishery ban

Sri Lankan exporters have called upon the government to take up the import tariff charged by China on seafood when negotiating a free trade agreement as they seek to diversify markets.


Dip in tea prices, a short term gain for exporters

The drop in global tea prices will only be a short term benefit for Sri Lankan tea exporters who need to focus on enhancing quality, value addition and branding to be competitive and increase its global market share, industry experts said.


Capital Gains Tax will hit low income earners most - Economists, tax experts

Economists and tax experts said the reintroduction of the Capital Gains Tax and reversing the direct to indirect tax ratio from 20:80 to 40:60 by 2020 would adversely affect investors and low income masses as a greater proportion of their income would be taxed and the situation would aggravate when income levels drop.

Seylan Sure
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