Political uncertainty brings stock to five weeks low

Wed, 03 June 2015 21:04

(NIDAHASA News) Parliamentarians from both ruling party and opposition yesterday (03) called for the dissolution of house and immediate election while ongoing political uncertainty causing Colombo Stock Exchange (CSE) to close at their lowest in over five weeks.

Tax on corporations, relief for poor; new government's "robin hood" budget

Thu, 29 January 2015 21:28

(NIDAHASA News) Sri Lanka's new government presented an interim budget with sweeping relief for poor they promised in election manifesto. Supersized taxes on Casinos and large corporations expected to cover the cost of unprecedented generous budget giveaways; a Robin-hood style take, according to local media, by a government led by a Prime accused by opposition for neo liberalist policies in his last administration.

Rajapaksa boosts handouts lavishly in his election-eyed "country bumpkin budget"

Sun, 26 October 2014 10:24

(NIDAHASA News) President Mahinda Rajapaksa who is controversially set to run for a third term, presented his 2015 budget to the parliament on Friday (24), with a range of handouts, that covered almost all sectors of the economy.

Otara sells Odel to Softlogic

Thu, 11 September 2014 04:31

(NIDAHASA News) Otara Gunawardena, the visionary founder of Odel fashion chain has disposed all her shares in the company this morning.

Norochcholai coal plant dead again

Wed, 27 August 2014 23:23

(NIDAHASA News) Norochcholai power plant came to a complete standstill once again after the breakdown of last working turbine last evening (28).

Shocking report reveals government is altering economic data

Sat, 04 January 2014 03:51

(NIDAHASA News) Analyses fear that government's economic statics might have been heavily doctored after serious allegations rose in the parliament last week.

Airtel to leave Sri Lanka selling its business to Etisalat

Tue, 17 December 2013 03:45

(NIDAHASA News) Indian Telecom giant Bharti Airtel is close to exit from Sri Lankan mobile market by selling its business to Etisalat, reports say.

2014 Budget: Government asks banks and finance companies to merge

Thu, 21 November 2013 08:14

(NIDAHASA News) Sri Lanka president asked banks and finance companies to merge in the wake of 2014 economic crisis predicted by many economists.

Budget 2012: Sri Lankan Rupee Deprecated by 3%

Mon, 21 November 2011 08:46

(NIDAHASA News) Sri Lanka plans to deprecate exchange rate of Sri Lankan Rupees by three percent in a move to boost exports, President Mahinda Rajapaksa said presenting the 2012 budget to the parliament.

Sri Lanka's 2011 Budget: Fiscal deficit Comes Down to 6.8 percent

Mon, 22 November 2010 09:00

(NIDAHASA News) President Mahinda Rajapaksa presented Sri Lanka’s first full post-war budget today (22) evening.

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