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Importers secure higher gains from VAT increase

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In the backdrop of the 18% Value Added Tax (VAT) increase that comes into effect from today (Jan. 01), it is revealed that a large number of containers laden with goods by importers which is sufficient for 3 – 4 months, are at the Colombo port.

Due to an increase in imports, the congestion in clearance of goods had been extreme in the last days of December.

Speaking, Senior Director of Customs and Customs Spokesperson – Mr. Sivali Arukgoda said that there has been an unusual increase in importation of goods in the last few days.

He added that although the Customs usually receives between 1000 – 1200 containers per day for clearance, documents to clear 1774 and over 1600 containers were received on Dec. 28 and Dec. 29 respectively.

Customs says that this is about a 50% increase than the average daily volume of containers handled for clearance.

According to the Customs, all goods slapped by the 18% VAT has been imported in this manner.

The Customs has observed that goods such as food, clothing, floor tiles, bathroom fittings, building materials, electric equipment, computers, mobile phones and accessories and toys have been imported in this way.

As of last Saturday (Dec. 30), all that was left to be cleared were 320 containers left at the Colombo Port and 370 containers at the 03 inspection yards located outside the port.

All these too, were also cleared by last night (Dec. 31), the Customs add.

The Customs media spokesperson states that Customs officials had worked day and night to clear these containers.

The 18% VAT came into effect from midnight yesterday (Dec. 31) and it is said that many who had cleared all their goods ahead of the VAT implementation, will now sell them in the local market at a higher price and reap more profits.

(Source – Aruna)

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H’tota Port launches SL’s first coral reef protection project

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The Hambantota International Port (HIP) has launched a project to study coral species that have grown across it, the group said in a statement.

Eco-conscious policies adopted by HIPG have created a sanctuary for the natural growth of different species of coral along the port’s breakwaters and on the artificial island.

The Coral Reef Protection Project, which will protect and expand these colonies of coral growing within the port, is a testament to HIP’s steadfast commitment to environmental sustainability and its mission to preserve marine ecosystems while maintaining eco-friendly port operations.

Speaking at the launch, CEO of the HIPG emphasised the importance of sustainability to the company’s core mission. “Care for Planet is a fundamental aspect of our Environmental, Social, and Governance (ESG) framework,” he said.

“This vision is also a policy and goal set by our parent company, CM Port, and is deeply embedded in our approach at HIP. With the objective of aligning with the United Nations Sustainable Development Goals, particularly those focused on climate action, life below water, and life on land, these goals serve as our compass, guiding our efforts to ensure a healthier planet today and for future generations.”

This project, a collaboration with the Ocean University of Sri Lanka (OCUSL), will conduct a comprehensive baseline study to assess coral cover, species diversity, and the presence of various marine organisms, such as fish, invertebrates and algae, according to the HIPG.

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Officials protest against AASL cabs being transferred to ministry

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Officials have strongly opposed the decision to transfer five new cab vehicles belonging to the Airport and Aviation Services (Sri Lanka) (Private) Limited, to the Ministry of Transport and Highways, in exchange for five older cabs owned by the ministry.

The cabs to be taken over to the ministry bear the numbers : WP PI 3785, WP PI 3797, WP PJ 2241, WP PJ 2231, and WP PJ 2229.

Noting that these vehicles are used for official duties at airports across the country, AASL officials point out that transferring them would disrupt necessary travel for work.

It is also reported that these vehicles are currently used by officials for duties at airports located in Mattala, Batticaloa, Jaffna, and other areas.

Meanwhile, media reports have also cited that these vehicles are planned to be given to MPs who do not have vehicles.

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Sajith refutes report on joint opposition

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Opposition leader – Sajith Premadasa has refuted a news report claiming the formation of a joint opposition.

The report on the ‘Deshaya’ newspaper had claimed that Premadasa was holding talks with former Presidents Maithripala Sirisena and Ranil Wickremesinghe as well as with SLPP MP – Namal Rajapaksa to form a joint opposition.

Taking to X, Premadasa has termed the report as ‘fake news.’

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