Sri Lankan stock market:
Global investor base growing
Bartleet partner REL India:
Religare Enterprises Limited (REL) of India, a
global financial services group is planning to bring more Indian
investors to Sri Lankan stock market in the future as India is a
capital restricted market and investors are not allowed to invest US
$ 200,000 per year in the capital market in India.
Moody’s assigns B1 Rating to Sri Lanka
Moody’s Investors Service assigned a B1 foreign
currency issuer rating to the Sri Lanka Government. The outlook on
the rating was stable. The important considerations for the ratings
decision were the end of Sri Lanka’s civil conflict and a structural
improvement in its economic prospects.
New tax structure to have more facilitators
Sri Lanka’s new tax structure will have less
administration and more facilitators to introduce new tax culture in
the country. Treasury Secretary and the Finance and Planning
Ministry and Economic Development Ministry Secretary Dr P B
Jayasundera said, “The new tax culture we are planning will have
less administration and more facilitators to simplify tax
structure.”He was speaking at the Women’s Chamber of Industry and
Commerce (WCIC) AGM which was held in Colombo last Tuesday.