Tax revenue from Jaffna:
IRD targets Rs 100 m
The Inland Revenue Department has received Rs 77
million as income tax from Jaffna in 2009. The Department targets a
tax income of Rs 100 million this year from Jaffna as the tourism
industry and trading activities have shown a considerable increase.
Tea exports surpass US$ 1b mark
Despite high production and labour cost :
Tea exports from Sri Lanka have exceeded the US
$ One billion target for the past three consecutive years. Sri Lanka
is the only tea producing country to surpass the US dollar One
billion mark in tea exports.
Government support needed
To drive bond market growth:
Privatization of infrastructure projects, rise
in private financing activities, disintermediation and Government
support are key factors driving the bond market growth. The bond
market allows corporations to have wider access to credit to finance
viable projects. It will reduce over-dependence on the banking
sector for corporate debt financing and will also reduce the funding
mismatch, RAM Holdings Berhad Executive Deputy Chairman / Group CEO
C Rajandram said.