Category: Srilanka Developments and Releated News
Malaysia Keen on Bidding for Northern Highway of Sri Lanka on Build Operate & Transfer Basis
Dato’ Seri S. Samy Vellu who is the Senior-Ministerial ranked Malaysia’s Special Envoy of Infrastructure for India and South Asia attached to the Prime Minister’s Office have stated that Malaysia is willing to bidding for the Northern Highway on a Build Operate & Transfer (BOT) basis. We want to do a good job if we…
USD 5 billion from IMF to pay off Chinese loans
The Sri Lankan government will approach global lenders including the World Hank and the International Monetary Fund (IMF) to borrow from them to the tune of US $ five billion to restructure expensive loans, obtained from China, by the previous regime for infrastructure development projects in the country. According to Reuters, the Central Bank Governor…
Sri Lanka Minimum monthly salary of public servants now Rs. 30,040/-
The Deputy Minister Policy Development and Economic Affairs Dr. Harsha de Silva said the Sri Lankan Public Sector has enjoyed a highest salary increment since Independence on 1948. The current Basic Salary for the Public Servant is about Rs. 30,040/-, how ever a low scale Private sector Employee gets approximately Rs. 15,000/- as their basic salary.…
Hybrid vehicles Relief (No New tax for Hybrid vehicles till March 16) for those who Open LC
The Government has provided conditional relief to individuals who had opened Letters of Credit to import hybrid vehicles before the interim budget. Financial Ministry officials said they would not be charged new taxes until March 16. The decision to provide relief to the individual importers of hybrid vehicles came after a series of discussions with…
Is 15% interest rate for Senior Citizens’ Deposit is active in Sri Lanka? ( Highest Interest Rate Earnings in Sri Lanka at the Moment)
There were many confusion over 15% interest for senior citizens’ deposits, where the Sri Lanka Banks’ Association (SLBA) stated that they are going to meet the Deputy Governor, Ananda Silva on Monday to get few clarification about this scheme. There are many Senior citizens are facing problem due to a less interest rate earning for…