Sunday Observer Online


Sunday, 25 September 2016


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Marriage Proposals
Government Gazette
Prime Minister Ranil Wickremesinghe at the CIMC discussion. Seated alongside are Finance Minister Ravi Karunanayake, the President and the Managing Director of CINEC, Captain Ajith Peiris, and CEO of Shippers’ Academy Colombo, Rohan Masakorala.

Dollar salaries, no income tax

Colombo International Financial Centre:

The government aims to offer a wide ranging product mix in the centre, including banking, capital market, wealth management, global processing, alternative financing, insurance and professional services. “The shipping sector will also be encouraged,” Rajudin said, in a presentation at the Colombo International Maritime Conference,


PM outlines maritime hub developments at CIMC

The government hopes to have a special economic zone in Trincomalee and a new container handing facility in the Port of Trincomalee while another economic zone will be set up in the Ruhuna region and further develop ports and the maritime industry with the aim of becoming a hub, Prime Minister Ranil Wickremesinghe said last week.


Budget: Calls for policy changes and incentives

Biz community on Budget 2017:

The government commenced preliminary work in formulating its second Budget which will be presented to Parliament in November. The 2017 Budget aims at creating one million jobs, increasing income, rural economic development, affirmation of land ownership, as the midterm targets of the government.


IMF calls for immediate tax reforms

Sri Lanka will record five percent growth this year and the next amidst ups and downs, the International Monetary Fund (IMF) team reviewing the economic progress of Sri Lanka under its Extended Fund Facility (EFF) program to support the country’s economic reform agenda, said last week. The team commended the authorities for implementing the IMF program under tough conditions with all quantitative targets through end June being met.


SL, Singapore to exchange info on financial crimes

The Financial Intelligence Unit of the Central Bank of Sri Lanka (FIU - Sri Lanka) recently entered into a Memorandum of Understanding (MOU) with the Suspicious Transaction Reporting Office of Singapore (STRO). It will be the basis of reciprocity and in the spirit of cooperation and mutual interest,

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