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Vehicle import ban extended until next year

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The government has postponed the lifting of the ban on private vehicle imports until the beginning of next year.

A decision has been made to put off lifting the ban because the country’s economy has not stabilised enough and foreign reserves are not at a sufficient level to facilitate such imports, a senior Treasury official told the Sunday Times. He said the import of private vehicles will result in an annual foreign exchange outflow of about USD 1 billion.

However, the import of commercial vehicles such as lorries, buses and trucks, as well as vans used in the tourism sector, can start next month, the official added. Vehicles used for government ministries and other agencies too will only be imported from the beginning of next year when the ban is lifted on private vehicle imports.

The government had earlier planned to allow the import of electric vehicles and private cars by the end of this year. This has also now been postponed until next year.

Motorbikes and three-wheelers make up the largest number of private vehicle imports. The import of these vehicles will have to be postponed until at least May or June next year due to the economy still not having recovered enough, the official revealed.

Small cars with engine capacities ranging from 600 cc to 800 cc are usually imported in bulk. Therefore, the government will allow only a certain quota of such vehicles to be imported. Only authorised local agents of the parent companies will be allowed to import such vehicles initially.

When allowing the import of vehicles from the start of next year, the government will also give priority to companies that locally assemble the vehicles from imported parts, the Treasury source said.

Meanwhile, about 10,000 vehicle permits issued to doctors and senior government officers are still pending. The official said they would only be able to consider allowing these vehicle imports next year, but that their vehicles too would not be allowed to be imported in bulk. The decision on these imports will depend on the state of the economy.

Traders will not be able to import vehicles in bulk and will only be allowed to import a limited number of vehicles. Only reconditioned vehicles that are two years old or less will be imported. Their engine capacities, too, will depend on what the government considers can be imported without harming the still fragile economy.

If the vehicle imports prove too much of a burden on the country’s economy and lead to serious strain on the US dollar and the country’s foreign reserves, the Treasury will not hesitate to re-impose restrictions, the official added.

(sundaytimes.lk)

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

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Over 13,000 police complaints filed against Onmax DT

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Over 13,000 police complaints have been filed against Onmax DT so far, it was revealed in courts.

Appearing on behalf of the Attorney General, Senior State Counsel Oswald Perera informed the Colombo Chief Magistrate Thanuja Lakmali yesterday (Feb. 05) that complaints are still being filed at police stations by those who had fallen victim to the company’s pyramid schemes.

These complaints are filed according to a special complaint form sent to all police stations by the Inspector General of Police on the instructions of the Attorney General.

The court was also informed that investigations are being conducted under 04 categories on the instructions of the CID Director.

07 suspects who were previously released on bail appeared before the court when the case was taken up yesterday.

Related News :

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Entrepreneur Hemaka de Alwis passes away

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Renowned entrepreneur Hemaka de Alwis has passed away.

A lawyer by profession, de Alwis was the Chairman and Managing Director of Fairway Holdings. 

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Collapsed wind turbine blade was unmaintained?

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A storeroom in the Kurinjipitiya area of Kalpitiya has been destroyed after a blade from a wind turbine belonging to a leading renewable energy company’s wind farm had fallen on it on Feb. 02.

According to residents, no one had been inside the house at the time of the incident.

Residents also allege that the wind turbine lacked maintenance, despite being weatherbeaten by salty winds in the area since it was established over a decade ago.

According to the ‘Daily Mirror’, the owner of the house had stated that he did not report the incident to the police, as the company had agreed to pay compensation. 

Two more houses have been slightly damaged in the incident.

The turbine is owned by Senok Wind Power Pvt Ltd, which owns 05 wind turbines in the area. Each turbine is 270ft. high with the blades around 190 ft.

It is singular that the company is also registered with the United Nations Framework Convention on Climate Change (UNFCCC).

(Pics : Accident 1st)

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