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VAT on school material, essential goods, medicine to be reduced

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Senior Advisor to the President on Economic and Financial Affairs Prof. Anil Jayantha stated that the government will focus on reducing the VAT levied on school material including textbooks and essential foods and medicine.

The professor said this while participating in the meeting of Gampaha district farmers organised by Sri Lanka Agricultural Development Council, chairman Sashika De Silva, at Miriswatta yesterday (7).

The Gampaha Minsara organisation President who attended the event said that Sri Lanka is known as the only country in the world that levies VAT on textbooks. Accordingly, he requested to remove VAT from school material.

Prof.Anil Jayantha in response said Sri Lanka has obtained an extended credit facility from the International Monetary Fund and have reached a series of agreements. Accordingly, it has been agreed to meet certain benchmarks. By 2025, the government’s income as a percentage of the gross domestic product has been targeted to increase to 15 percent.

“In order to achieve this goal, indirect taxes such as VAT should be collected. Exemption of school equipment from this tax should be studied very carefully. President Anura Kumara Dissanayake spoke about this during our discussion with the IMF. One suggestion was to reduce the percentage of VAT charged in this sector, which is currently 18%, to seven or five percent instead of 0%. Another suggestion was to give a financial grant to schoolchildren to buy equipment. But no final decision has been taken in that regard. It should be noted that as a policy, the government will take steps to reduce the VAT levied on essential food, medicine and school equipment to zero percent at the first possible opportunity,” he said.

(dailynews.lk)

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

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At least 12 injured in accident near expressway entrance

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At least 12 people were injured when a van collided with a parked container truck on the Matara-Akuressa main road, near the Palatuwa entrance to the Southern Expressway.
The injured were admitted to the Matara General Hospital for treatment.

According to the police, the van was carrying a group of residents from Matara who were returning from Katunayake Airport.Malimbada Police are conducting further investigations.

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SL delegation attends inaugural WAVES summit

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A delegation from Sri Lanka comprising of professionals from the fields of music, filmmaking, acting, film production & distribution, animation and gaming participated in the inaugural edition of the World Audio Visual & Entertainment Summit (WAVES) 2025 held at the Jio World Convention Centre, Mumbai, India, from May 1 to 4, 2025.

WAVES 2025, a flagship initiative envisioned by the Hon. Prime Minister of India, brought together leading voices from across the globe – industry veterans, policymakers, and creative professionals – fostering cross-border dialogue, creativity, and commercial collaboration. The summit was inaugurated by Prime Minister of India on May 1, 2025.

At WAVES 2025, the Global Media Dialogue culminated in the adoption of the WAVES Declaration, emphasizing the need for cross-cultural collaboration and responsible storytelling in a rapidly evolving global media environment. Participating nations recognized the power of films and individual stories in bridging divides and promoting peace. The dialogue underscored the importance of using technology responsibly, enhancing youth skill development, and fostering global co-productions, with India leading initiatives like the Create in India challenges to promote multilingual creative talent worldwide.

The Sri Lankan delegation actively participated in discussions, exhibitions, and networking events that spanned the full spectrum of the industry, including cinema, digital entertainment, animation, and gaming. The experience was highly enriching for all participants, who gained valuable insights and exposure to cutting-edge trends and collaborative opportunities in the global media landscape.

WAVES 2025 marked a significant step toward deepening regional ties in media and entertainment, offering a dynamic platform for talent exchange, co-productions, and sustainable industry growth globally.

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Restored 4K version of ‘Gehenu Lamai’ to premiere at 2025 Cannes Festival

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‘Gehenu Lamai’, directed by the late Dr. Sumitra Peries, will be screened next week in the Official Selection of the Cannes Film Festival, which will be held from May 13 to May 24 in Cannes, France, under the Cannes Classics category.

Released in 1978, ‘Gehenu Lamai’ is a Sri Lankan Sinhala teenage drama film directed by Sumitra Peries and produced by her husband, Lester James Peries, for Lester Films.

The restoration of ‘Gehenu Lamai’ was undertaken by the Film Heritage Foundation in association with the Dr. Lester James Peries and Sumitra Peries Foundation. It was funded by a grant provided by the Embassy of France in Sri Lanka and the Maldives, and the Embassy of France in India, under the aegis of FISCH (France- India – Sri Lanka Cine Heritage).

Sumitra Peries, the first female filmmaker in Sri Lanka and wife of Dr. Lester James Peries, also served as Sri Lanka’s Ambassador to France in the 1990s. She was decorated as a Chevalier in the Order of Arts and Letters by the French Government.

Born in 1934, she emerged to stardom in the country with over 10 films to her credit and expertise as a screenwriter, director, producer, and editor.

In a triumph for Sri Lanka’s film heritage, Sumitra Peries’ “Gehenu Lamai” (1978) restored by Film Heritage Foundation in association with the Lester James Peries and Sumitra Peries Foundation has been selected for a world premiere at the prestigious Cannes Film Festival 2025.

The film has been restored under the aegis of FISCH: France- India – Sri Lanka Cine Heritage – Saving Film Across Borders – a pioneering international collaboration between Film Heritage Foundation, the Embassy of France and the French Institute in India and the Embassy of France in Sri Lanka and the Maldives, dedicated to restoring and preserving cinematic heritage.

The selection of “Gehenu Lamai” for the 78th Cannes Film Festival marks the fourth year in a row that Film Heritage Foundation is returning to Cannes Classic, but its first with a Sri Lankan film.

Film Heritage Foundation’s earlier restorations – Aravindan Govindan’s “Thamp”, Aribam Syam Sharma’s “Ishanou” and Shyam Benegal’s “Manthan” had red-carpet world premieres at the Cannes Film Festival in 2022, 2023 and 2024.

Recognized as the Outstanding Film of the Year at the 1978 London Film Festival, the debut film of Sumitra Peries – referred to as the Poetess of Sri Lankan Cinema – tells the heartbreaking tale of two young sisters in a Sri Lankan village whose romantic dreams and aspirations are crushed by the class barrier and the conflict between tradition and progress. The poetic black and white imagery beautifully captures the confusion and fragility of adolescent love and yearning coupled with an outstanding performance by a 16 year-old Wasanthi Chathurani as Kusum in her debut role.

(adaderana.lk)

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

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