Connect with us

BIZ

Duty free shops at BIA relocated

Published

on

All duty-free electronic shops have been relocated from the first floor to the second floor of the arrival terminal building at the Bandaranaike International Airport (BIA), the Ports, Shipping & Aviation Ministry said.

The opening ceremony of the relocation was held under the auspices of Minister Nimal Siripala De Silva today (03).

He said the decision was taken to enhance the passenger experience at the airport.

Airport and Aviation Services (Sri Lanka) Ltd (AASL) had invested Rs. 225 mn for the relocation and a total floor area of 1,900 square meters were added. This relocation will facilitate the passengers to utilize their Duty Free Allowance for consumer electronics, they say.

BIZ

Special commodity levy on imported onions & rice, slashed

Published

on

By

The special commodity levy on imported onions and rice has been reduced with effect from yesterday (March 27).

Thereby, the Special Commodity Levy of Rs. 65 per 1kg of rice has been dropped to Rs. 1 until April 03, 2024.

In addition, the tax levied from imported Rose Onions have been slashed to Rs. 10 per kilogram until April 30, 2024.

Continue Reading

BIZ

McDonald’s local franchisee not under our group – Abans

Published

on

By

Abans PLC has stated that the local franchisee of McDonald’s is not under their group of companies.

The company had made the clarification in a letter to the Colombo Stock Market.

The letter notes that the local franchisee of McDonald’s is International Restaurant Systems (Private) limited incorporated under the Companies Act No. 7 of 2007. The majority shareholder of the said company is Mr. Rusi Pestonjee who owns a 98.73% stake in that company, and who is also the Managing Director of Abans PLC.

“International Restaurant Systems (Private) Limited is not a subsidiary nor an associate of Abans PLC or its parent company Abans Retail Holdings (Private) Limited. Due to the said reason, the financials of International Restaurant Systems (Private) Limited are not consolidated with the financials of Abans PLC,” the letter adds.

The letter is as follows :

Related News :
Court issues enjoining order against Abans MD

Continue Reading

BIZ

Japanese investor steps in for floating market project

Published

on

By

A Japanese investor has entered into an agreement with the Urban Development Authority (UDA) the revive the Floating market in Pettah, Colombo.

A Memorandum of understanding was signed between the Japanese investor Akira Hirose and UDA Chairman Nimesh Herath for the maintenance and management of the Floating Market.

Under the MOU the location is to be developed as a floating market complex aimed at attracting tourists within a six month period.

The floating market project was opened in 2014 by the then Secretary of the Defence and Development Ministry Gotabaya Rajapaksa and Rs 352 million was spent on the project with the objective of recovering 50 per cent of the expenses within five years, but the project failed.

It was reopened in April 2021 when Gotabaya Rajapaksa was the President, after Rs 25 million was spent on the project, but it was a failure again.

(sundaytimes.lk)

Continue Reading

Trending

Copyright © 2023 Sri Lanka Mirror. All Rights Reserved