Colombo shares was down on traders cashing in on their gains during the past three days, while 2015 interim budget by Finance Minister Ravi Karunanayake on Thursday, despite the market rising at the start driven by positive expectations.
This budget promised to restore GSP Plus facility, while Private sector was urged to increase wages by Rs.2,500 per month from February. Mr. Karunanayake said that Rs. 2.5 billion will be saved by reducing the number of ministers. “We need to find revenue for the budget but in a way that will not burden the people.”
The Benchmark All Share Index lost 0.3 per cent to close at 7,380.86 per cent with S&P SL index losing 0.13 per cent to end at 4,138.15 according to provisional data. Analyst said that traders were making quick profits while the turnover soared to Rs 1.2 billion.
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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