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Xi calls for building BRICS for peace (Video)

Published

9 months ago

October 24, 2024

editor

Chinese President Xi Jinping on Wednesday called on the BRICS members to build a BRICS committed to peace and act as defenders of common security.
Xi made the remarks when addressing the large-group leaders’ meeting at the 16th BRICS Summit.
“We should build a BRICS committed to peace, and we must all act as defenders of common security. We humans are an indivisible community of security. Only by embracing the vision of common, comprehensive, cooperative and sustainable security can we pave the way for universal security. The Ukraine crisis still persists. China and Brazil, in collaboration with other countries from the Global South, initiated a group of Friends for Peace to address the crisis. The aim is to gather more voices advocating peace. We must uphold the three key principles: no expansion of the battlefields, no escalation of hostilities, and no fanning flames, and strive for swift deescalation of the situation,” Xi said.

“While the humanitarian situation in Gaza continues to deteriorate, the flames of war have once again been rekindled in Lebanon, and conflicts are escalating among the parties. We must promote an immediate ceasefire and an end to the killing. We must make unremitting efforts toward a comprehensive, just and lasting resolution of the Palestinian question,” Xi continued.

The first-ever summit of an expanded BRICS is taking place from Tuesday to Thursday in Kazan, the capital city of Russia’s Republic of Tatarstan. Xi flew in on Tuesday to attend the event at the invitation of Russian President Vladimir Putin.

News

Energy Ministry to sell luxury SUVs & utility vehicles

Published

2 hours ago

July 7, 2025

editor

The Ministry of Energy has issued a public Tender notice for the sale of 14 luxury and decommissioned vehicles currently owned by the ministry.

The list includes high-end SUVs such as Toyota Land Cruisers, BMW X5, Mercedes-Benz E200 CGI, and several other utility vehicles.

Interested bidders must submit a separate application and bid for each vehicle. Application forms can be obtained by paying a non-refundable fee of Rs. 5,000 per vehicle at the Ministry’s Accounts Division on the 3rd Floor, No. 437, Galle Road, Colombo 03, until July 15, 2025, during working hours.

The Tender notice made by the ministry is as follows :

BIZ

Sri Lanka targets digital income with new 18% VAT

Published

2 hours ago

July 7, 2025

editor

The government has announced that Value Added Tax (VAT) at 18% will be imposed on income earned through online services provided by foreign individuals and platforms to users in Sri Lanka, effective Oct. 01.

This move follows the issuance of an extraordinary gazette notification by the Commissioner General of Inland Revenue, Rukdevi Himali Fernando, aimed at regulating and taxing the growing sector of cross-border digital services.
Under the new regulation, the VAT will apply to a wide range of services, including but not limited to:

Software as a Service (SaaS)
Online stores and marketplaces
Digital advertising and marketing
Cybersecurity and IT support services
Video, music, and live-streaming platforms
Online banking and financial tech services
Social media and on-demand platforms
Hotel booking and ticket reservation apps
Online gaming platforms

The regulation also clarifies that any other digital service provided via an electronic platform from outside Sri Lanka to individuals residing in the country will be subject to VAT, even if not explicitly listed.

Foreign service providers are required to register for VAT if their supply of services exceeds Rs. 60 million annually or Rs. 15 million in the past three months. Prior to registration, such non-residents must also obtain a Taxpayer Identification Number (TIN).

This development comes amid growing debate over taxing foreign exchange earners and aims to expand the country’s tax base in the digital economy.

(dailynews.lk)

(Except for the headline, this story, originally published by dailynews.lk has not been edited by SLM staff)

News

SL squad announced for T20I series against B’desh

Published

4 hours ago

July 7, 2025

editor

Sri Lanka Cricket has announced a 17-member squad for the upcoming three-match T20I series against Bangladesh, set to begin on July 10.

The squad will be led by Charith Asalanka, with notable inclusions such as Kusal Mendis, Dinesh Chandimal, Wanindu Hasaranga, and the return of experienced all-rounders Dasun Shanaka and Chamika Karunaratne.

Match Schedule:

1st T20I on July 10th – PICS, Kandy

2nd T20I on July 13th – RDICS Dambulla

3rd T20I on July 16th – RPICS Colombo

The T20I squad is as follows :