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Thursday, 30 June 2016 10:26

Tax system to be revised – President

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Government has decided to do some changes to amend the existing tax system.

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VizuaMatix, taking the next step in their commitment to providing reliable, cost-effective data visualization and monetization solutions to telecommunication service providers, was among the sponsors of this year’s Policy Control Conference held recently in Berlin. The annual conference is anexclusive gathering of organisations in the business of creating more effective systems for monitoring and monetising telecommunications services for a better end-user experience. The highlights of the 2016 Conference included discussions on a number of interesting topics such as creating added value and customer centric services, using policy management to add intelligence to offload decisions, areas which VizuaMatix has been passionately delving into so as to equip clients for shifts in the future of telco services. This is particularly relevant as end-users of telecom services demand more value from their providers in the face of rising costs.

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Sri Lanka is to streamline and strengthen the debt management amidst the rising of debt to Rs.7.18 trillion (US$55.19 billion) at the end of March this year, official sources disclosed.

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The payment of 15 percent interest rate for senior citizens above 55 years of age for their deposits in Licensed Finance Companies is unlikely to get off the ground due to financial implications relating to the relevant 2016 budget proposal, official sources said.

Wednesday, 29 June 2016 05:53

Govt. goes for GSP+ in Britain-minus-EU

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The Government yesterday handed over its formal application for regaining GSP+ and played down fears of Brexit having an immediate impact on the economy but acknowledged it would have to “jump the queue” to fast track Free Trade Agreements (FTAs) and be judicious on when to go to the market to sell a possible $1 billion bond.

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US based Harvard University's Center for International Development(CID) has stepped into carry out Sri Lanka’s economic growth diagnostic and complexity research with financial assistance of Billionaire investor and philanthropist George Soros and the Open Society Foundation, informed sources revealed.

Tuesday, 28 June 2016 14:54

Come September, Come Facets’

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Come September, Come Facets’ – the internationally reputed Gem and Jewelly Exhibition 2016 is scheduled to be held from 1 to 4 September at the BMICH.

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Despite the sudden uncertainty in European market, Sri Lanka is eager for opportunities unfolding in the Brexit aftermath-and Sri Lanka’s leading international trade agency DoC successfully enlists WTO to unravel new global opportunities for the country’s growing service exports.

Tuesday, 28 June 2016 14:26

I did not ask to be CB Governor: Harsha

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Deputy Minister of Foreign Affairs Harsha de Silva has hit out at critics, saying he did not ask to be Governor of the Central Bank.

Tuesday, 28 June 2016 14:25

UK Pound falls by Rs. 15

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With the aftermath Brexit, the British pound fell by over Rs.15 in Colombo.

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