President presents development budget

President Mahinda Rajapaksa presented his budget for 2011 in Parliament yesterday with ....


Allowance increase

A 5% monthly allowance increase as a non pensionable allowance will be provided for all pu....


Jobs for graduates

10,000 graduates will be given employment in Engineering, Planning, and Agriculture and ot....


Liquor, Cigarettes and Casino tax up

Taxes on Liquor, Cigarettes and Casinos increased by 35% to 40% , President said during th....


Pension scheme for private sector

A pension scheme for the private sector employees will be put in place, with 2% contributi....


Start afresh

All the BOI projects that have failed to initiate during the last five years have to apply....


Tax exemption for airlines

SriLankan Airline and Mihin Lanka will be exempted from taxes to increase their profitabil....


Medicine import tax removed

Import tax on medical supplies and medicine will be removed completely, President said dur....


Tax on Int’l calls

Local call chargers will be reduced to Rs.1.50 from 2 per minute, while a tax of Rs. 2 per....


Rs.3 billion for war heroes

President commencing the budget speech in parliament a short while ago said that three bil....


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