Sri Lanka Budget 2016 – Review

Sri Lanka’s Budget proposals for the next year presented in parliament by the Minister of Finance Ravi Karunanayake has proposed several concessions to the public and industries.

“The progressive tax rates applicable to individuals will be removed by increasing the tax free allowance to Rs 2.4 million per year (Rs 200,000/- per month) and any balance will be liable at the standard rate of 15% (flat rate)”

Review –  Continue reading “Sri Lanka Budget 2016 – Review”


Maithripala to get full commitment from Sajith Premadasa

Strongly approving the decision of the UNP Working Committee to name Maithripala Sirisena as the common candidate, party deputy leader Sajith Premadasa says that he would extend his utmost support to ensure Sirisena’s victory.

He has stated thus while welcoming Maithripala Sirisena to a special discussion held at the opposition leader’s office last night (21).

The meeting which was held to discuss future plans, was attended by Ven. Maduluwawe Sobhitha Thera, Ven. Athuraliye Rathana Thera, former President Chandrika Bandaranaike Kumaratunga,
Arjuna Ranatunga, Rajitha Senaratne, Wasantha Senanayake, Rajiv Wijesinghe, Duminda Dissanayake, UNP leadership council chairman – Karu Jayasuriya, UNP Assistant leader – Ravi Karunanayake, UNP chairman Kabir Hashim and leadership council member – Mangala Samaraweera.

Political party leaders including Continue reading “Maithripala to get full commitment from Sajith Premadasa”