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SriLankan Engineering does maintenance check for Cebu Pacific Air

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The Engineering division of SriLankan Airlines continued its streak of firsts with the recent completion of a heavy maintenance check on a Cebu Pacific Air Airbus A330 (Trent 700), marking a foray into providing Maintenance, Repair, and Overhaul (MRO) services for wide-bodied aircraft from the Southeast Asian region. Cebu Pacific Air is the first Southeast Asian airline to sign up with SriLankan Engineering for heavy maintenance on wide-body aircraft, signifying the growing international demand and reputation of trust that SriLankan Engineering’s MRO services have garnered in a short span of time.

The heavy maintenance check on the Cebu Pacific Air aircraft was performed in SriLankan Engineering’s dedicated European Aviation Safety Agency (EASA) approved wide-body hangar over a period of four days. It was also the third heavy maintenance by SriLankan Engineering for a customer airline during a busy May, with the other checks being carried out on two Airbus A330 (CF6) aircraft of Serene Air, who came aboard last year.

SriLankan Engineering’s achievements as a third-party base maintenance provider have been nothing short of remarkable considering their relative newness to the business. SriLankan Engineering has especially established a reputation for on-time performance, short turnaround times and quality of workmanship among its expanding clientele from South Asia, the Middle East, Eastern Africa, and now Southeast Asia.

In this year alone, several new customers enrolled with SriLankan Engineering for line maintenance services in Colombo and the Maldives. The demand for base maintenance services has also been equally strong. Air-Sial and Salam Air enlisted for component maintenance services, while and Cebu Pacific Air and Jazeera Airways became the newest customers of heavy maintenance services in 2023. The increasing demand for its MRO services has also resulted in an increasing dollar revenue for SriLankan Engineering, which saw a 35 per cent jump in earnings between the last two financial years. For more information on SriLankan Engineering visit www.srilankanengineering.com

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No new tax on small parcel imports – Customs

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Sri Lanka Customs has refuted social media claims alleging the imposition of a new tax on small parcel imports.

Addressing the media, Customs Media Spokesman and Additional Director Seevali Arukgoda emphasized that no new taxes have been introduced, nor are there any disruptions to the clearance of imported goods.

“We are not increasing tax rates… we are simply ensuring duties are calculated correctly,” he said. “The previous system allowed for significant undervaluation and misuse. Now, we are enforcing the existing laws more transparently.”

He explained that duties are now calculated using the globally accepted Harmonized System (HS) Code, which categorizes goods by type and value, replacing the older method of relying on parcel weight or flat rates that were often exploited.

Arukgoda further assured that no parcels are being withheld and reiterated that rates remain consistent with those approved by Parliament. The changes, he said, were implemented after adequate notice was given to courier services and importers — including a 1.5-month notice period and a 2-week transition phase.

He also noted that there is no requirement for recipients of online orders to visit Customs in person. Courier companies continue to handle delivery and clearance, he added.

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Starlink now available in Sri Lanka – Elon Musk

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Billionaire businessman Elon Musk has announced that the Starlinksatellite internet service is now available in Sri Lanka.

“Starlink now available in Sri Lanka!” Elon Musk said in a post on ‘X’.

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End of parate relief for large SMEs

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The grace period granted to small and medium-sized enterprises (SMEs) under Sri Lanka’s Parate Execution Law officially ended midnight yesterday (June 30) for businesses with loans exceeding Rs. 50 million.

The Parate Law grants banks the authority to seize properties pledged as collateral without court proceedings. Although its implementation had been suspended for three months by the current administration—and for six months earlier under former President Ranil Wickremesinghe—it has now been reinstated, triggering serious concern among entrepreneurs.

Deputy Minister of Economic Development – Dr. Anil Jayantha Fernando  has stated that the government intends to hold discussions with all relevant parties in the coming days to address the issues linked to the law’s reimplementation.

Meanwhile, Opposition Leader – Sajith Premadasa has warned that the re-implementation of the Parate Execution Law could lead to the rapid auctioning of assets from small, medium, and micro businesses, putting them at risk.

In a statement yesterday (June 30), he emphasized that these businesses contribute over 50% to Sri Lanka’s Gross Domestic Production (GDP) and employ over 04 million people.

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