Sri Lankan Economy Down Its Slippery Slope: Shares hit 5-month low after govt’s retrospective tax plan
Monday, February 2nd, 2015Yahapalanaya News Reuters reports Sri Lankan shares fell to over five-month lows on Monday due to panic selling in blue-chips, led by John Keells Holdings Plc as concerns over future earnings weighed on sentiment after the government raised taxes on cash-rich firms. The day’s fall erased market capitalisation by 76.3 billion rupees ($577.2 million) on Monday […]
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