Sunday, December 11, 2016
Tags Posts tagged with "Budget 2016"

Tag: Budget 2016

The Government Medical Officers’ Association (GMOA) will convene a special General Committee meeting on Monday (January 4) to decide on whether to launch an...

Farmers from throughout the country held a protest demonstration in Colombo today against some of the government's Budget proposals. The farmers, some of them...

Heavy traffic is being reported from the Town Hall area in Colombo due to a protest demonstration being held by farmers. The farmers are protesting...

The island-wide strike that was scheduled to be launched tomorrow (Dember 15) by several trade unions has been called off. The decision to call off...

The special attention of President Maithripala Sirisena has been drawn to certain issues arisen from the budget proposals and the suggestions and grievances made...

Finance Minister Ravi Karunanayake has agreed to temporarily suspend for private passenger buses, the emission test fee increased to Rs.5000 through the budget, according...

The island-wide strike launched by the Government Medical Officers' Association (GMOA) at 8.00am today has left most services at government hospitals paralyzed. The strike...

Sri Lanka's former President Mahinda Rajapaksa says that the new government's ambitious revenue expectations spelt out in the Budget 2016 presented in Parliament recently, is...

The vote on the Second Reading of the 2016 Budget was passed in Parliament a short while ago with a majority of 107 votes. The...

Last week, Sri Lanka’s Finance Minister announced plans to remove the 15 percent land leasing tax for foreign investors, and reduce the approval period...

The government has planned to set up industrial parks specifically a Bio Technology Park along the proposed Central Expressway which will connect Dambulla, Polonnaruwa,...

Sri Lanka’s government has proposed to impose a cap/limit on the interest rates offered by Finance Companies, Minister of Finance Ravi Karunanayake announced on...

A Master Plan relating to the Megapolis project is scheduled to be completed in 2016 and most of the projects are to be implemented...

Sri Lanka’s Finance Minister Ravi Karunanayake on Friday said that a need has arisen to operate a permanent exhibition centre where manufacturers will have...

The government has proposed to bring all State Owned Enterprises (SOEs) under a Public Wealth Trust (PWT), which will be a Government-owned holding company...

The government has proposed to establish the necessary infrastructure to create a MICE Triangle consisting of the BMICH, Nelum Pokuna Theatre and the New...

Sri Lanka’s Minister of Finance Ravi Karunanayake on Friday said that the government is keen to streamline its portfolio of investments and will therefore...

The government has proposed to install a traffic encoder free of charge into every registered vehicle in the country to help better management of...

Sri Lanka's 2016 budget, released on 20 November, provides no clear plan for fiscal consolidation over the medium term. The absence of such a...

Fitch Ratings today said it expects growth in sales of automobiles, mostly small cars, in Sri Lanka to slow in 2016 due to higher...

Sri Lanka’s Budget 2016 presented by Finance Minister Ravi Karunanayake on Friday has attracted mixed opinions from research analysts attached to several securities research...

Colombo bourse welcomed the budget proposals optimistically on Monday along with higher investor activity. Investor sentiment moved to positive territory on favorable budget proposals...

Parliament was briefly adjourned for 10 minutes today due to an uproar that was created due to an alleged erroneous budget booklet. The uproar was...

Sri Lanka’s banking and finance sector seems to be the worst hit from the 2016 fiscal budget with an estimated total impact of a...

REVENUE TARGETS TO INCREASE BY 38.4%YOY IN 2016 The proposed budget is expected to achieve a total revenue target growth of c.38% YoY to LKR2032...

Following the conclusion of today's Budget Speech (Second Reading), the Second Reading Parliamentary Debate of the 2016 Budget will commence tomorrow (November 21) at...

Following are highlights extracted from the speech delivered by Minister Ravi Karunanayake a short while ago. Opening Remarks The structural weakness in the fiscal sector warrants...

Second Reading of the Appropriation Bill for Budget 2016 commenced around 2.00pm. Here, Finance Minister presenting the budget proposals in the Parliament. The 2016...

The Appropriation Bill presented to parliament each financial year is what we commonly refer to as the budget. This Bill is more significant than...

The first budget of the 'Good Governance' government will be presented in Parliament today. The Cabinet of Ministers met this morning to approve the...

Colombo bourse continued the winning streak for the third consecutive day on Thursday ahead of the new government’s maiden general budget. All share index...

People’s Bank recently stepped forward as the principal sponsor of the upcoming ‘National Budget Seminar 2016’, which is being organized by the Department of...

The Government has announced the Parliamentary program for the Budget 2016. The program, which was presented to Cabinet by Acting Minister of Finance, Lakshman...

The government's overall expenditure for 2016 has been estimated at Rs.3138 billion while the estimated revenue is Rs.1789 billion inclusive of foreign grants. This...

Finance Minister Ravi Karunanayake has stated that the Government's 2016 Budget proposals will be tabled in Parliament on November 20, this year.

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