Monthly Archives: April 2016

Shares gain over 1.2 pct after IMF statement

Shares gain over 1.2 pct after IMF statement

Sri Lankan shares jumped over 1.2 percent on Tuesday as local investors bought risky assets, after an International Monetary Fund statement said a three-year loan programme is expected to conclude in two weeks, dealers said. Sri Lanka has requested for an IMF loan to help …

Stock trade levy revived

Stock trade levy revived

Sri Lanka’s bourse will re-impose a 0.3% share transaction levy it stopped in January, an exchange official said yesterday, after a proposal to tax capital gains met strong opposition amid a foreign outflow from the stock market. Prime Minister Ranil Wickremesinghe last month proposed to …

Eye Sri Lanka wishes its readers a peaceful and prosperous Sinhala and Tamil New Year

Eye Sri Lanka wishes its readers a peaceful and prosperous Sinhala and Tamil New Year

  Pahan silak se ‘NETHU’ dal wewa wasanthayak se ‘DIWI’ saru wewa, Pium vilak se ‘SUWADA’ sedewa, Me nawa wasare ‘KIRI’ ithirewa.!!!!      

Sri Lanka dispels cloud over Chinese projects

Sri Lanka dispels cloud over Chinese projects

Sri Lanka has probed all Chinese projects where questions about “governance issues” have been raised in certain quarters and mitigation measures taken to “lay rest to any claim of bad governance,” Arjuna Mahendran, Governor of the Central Bank of Sri Lanka, said on Tuesday. Chinese …

IMF signals 36-month Sri Lanka bailout

IMF signals 36-month Sri Lanka bailout

The International Monetary Fund (IMF) said today it was on track to agree a bailout loan for Sri Lanka, which is facing a balance of payments crisis. It said it had made progress in talks with Sri Lankan PM Ranil Wickremesinghe and other leaders towards …

Lanka hopeful of getting IMF assistance

Lanka hopeful of getting IMF assistance

Setting high hopes on securing assistance from the International Monetary Fund (IMF), Governor of Central Bank of Sri Lanka (CBSL) Arjuna Mahendran on Monday linked it to the revival of fortunes of the country’s economy. Answering questions on the proposed assistance from the IMF, Mr …

Lack of fiscal discipline has plagued Governments

Lack of fiscal discipline has plagued Governments

“Mirror Business” conducted an email interview with Dr. Arusha Cooray, the Lankan born Professor of Economics at the Nottingham University Business School (Malaysia), over the current economic situation of Sri Lanka. Dr. Cooray’s work is widely published and she is one of the leading academics …

Centre firm on bridge across Palk Strait

Centre firm on bridge across Palk Strait

Senior BJP leader and Union Minister Pon. Radhakrishnan said the Centre was firm in its proposal to build a bridge across Palk Strait, connecting Dhanushkodi, the eastern tip of Rameswaram island, and Talaimannar in Sri Lanka. Talking to reporters here on Saturday, he said the …

No action, talk only

No action, talk only

Northern Provincial Council has become a “no action – talk only” scenario depriving the legitimate basic needs of the Tamil Community which elected the provincial political authoritiesto address the pressing requirement, Minister of of Prison Reforms, Rehabilitation, Resettlement and Hindu Religious Affairs D. M Swaminathan …

Voting rights for migrants?

Voting rights for migrants?

Sri Lankan migrant workers may soon have a say in the elections happening back in their home country as the Lankan parliament unanimously approved last Wednesday the appointment of a Parliamentary Select Committee (PSC) to formulate a mechanism to enable them to vote. According to …