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Fuel quota for trishaws doubled

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President Ranil Wickremesinghe has instructed to increase the weekly fuel quota of 05 litres issued for professional passenger transport three-wheelers to 10 litres.

As the first phase, the registration of professional three-wheelers in the Western Province is scheduled to commence on November 1st.

This was revealed during the discussion held today (24) between the President’s Senior Adviser on National Security and Chief of Staff to the President Mr Sagala Ratnayake and the professional three-wheeler associations.

Accordingly, from November 6th, 10 litres of fuel per week will be issued to all three-wheeler passenger vehicles in the Western Province.

The registration of passenger transport three-wheelers will commence from November 6th to 13th, after which it is planned to issue the fuel quota to three-wheelers in other provinces of the island.
Currently, there are 1.08 million three-wheelers in Sri Lanka, out of 400,000 are passenger transport three-wheelers, according to the three-wheeler associations.

Around 300,000 three-wheelers have been registered with the Sri Lanka Police, and if it is not possible to register the three-wheelers in the entire island by November 13, it was also decided to release the fuel quota for the three-wheelers registered with the police as an initial step.

Provincial Governors and Provincial Road Transport Authority officials are also to be notified regarding this decision immediately.

Minister of Power and Energy Kanchana Wijesekera, Minister of State for Transport Lasantha Alagiyawanna, President Trade Union Director General Saman Ratnapriya and a group of officials participated in this discussion.

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Special commodity levy on several items, upped

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A government notification has been issued, increasing the special commodity levy imposed on several items including black grams, green grams and cowpeas.

As such, the special commodity levy on black grams (skinned, either split or not) has been increased to Rs. 300 per kilogram. 

Meanwhile, the tax on green grams, cowpeas, Kurakkan (seeds), Kurakkan (other), millet (seeds) and millet (other) has been raised from Rs. 70 to Rs. 300.

In addition, a special commodity levy of Rs. 25 is in place on maize.

The communiqué, issued by President Ranil Wickremesinghe in his capacity as the Finance Minister, says the order is valid from February 20, 2024 through December 31, 2024.

It also notes that importation of maize, black grams, green grams, and Kurakkan is allowed on the recommendation of the Agriculture Ministry.

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CBSL imposes penalties on BoC and People’s Bank

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The Financial Intelligence Unit (FIU) of the Central Bank of Sri Lanka (CBSL) has collected penalties amounting to Rs. 14 million in total from three financial institutions.

According to a CBSL press release, the FIU collected these penalties from Sep. 27 – Dec. 31 2023 from MMBL Money Transfer (Pvt) Ltd as well as from state owned banks – Bank of Ceylon and People’s Bank.

The CBSL said by the powers vested under Section 19 (1) read together with Section 19 (2) of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), financial penalties are imposed on Institutions for non-compliance with the provisions of the FTRA.  The penalty may be prescribed taking into consideration the nature and gravity of the relevant non-compliance, it added.

Accordingly, as Sri Lanka’s regulator for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), the FIU collected the penalties has credited it to the Consolidated Fund.

The complete press release is as follows : 

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CPSTL inks pact with ‘Shell-RM Parks’

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The Ceylon Petroleum Storage Terminals (CPSTL) signed an agreement with US-based petroleum products distributor ‘Shell-RM Parks’ today (12 Feb.).

The relevant agreement was signed at the CPSTL Head Office, pertaining to the storage and distribution of fuel in Sri Lanka.

On 08 June 2023, the Government of Sri Lanka signed an agreement with RM Parks Inc., in collaboration with Shell Plc for a long-term contract for the importation, storage, distribution, and sale of petroleum products in Sri Lanka.

According to the newly signed agreement, CPSTL is now able to store and distribute ‘Shell-RM Parks’ petroleum products in Sri Lanka.

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