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“No investments coming in under new capital-based package”

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The Ministerial Consultative Committee on investment Promotion advised the Board of Investment of Sri Lanka (BOI) to clearly communicate to the Central Bank of Sri Lanka (CBSL) and the Treasury that there are no investments coming in under the new enhance capital-based package and therefore a new package should be introduced.

This issue was addressed at the first meeting of the Ministerial Consultative Committee on Investment Promotion held recently (15), chaired by State Minister of Investment Promotion – Dilum Amunugama.

Addressing the aforesaid issue, Member of Parliament – Dhammika Perera emphasized the importance of clearly communicating the aforesaid to the CBSL and the Treasury as they need to have a clear understanding on the matter when carrying out negotiations with the IMF.

Accordingly, the Committee instructed the BOI to present data on how many projects have been received under the enhance capital-based package and how much employment and investment have been brought in under the new package at its next meeting.

Responding to the said concern, BOI officials present stated that there is no concession that they can offer as the BOI in par with the other countries, because all the tax holidays were removed and therefore a decline can be observed in the investors coming in.

Furthermore, the possibility of amending the law to enable foreigners to purchase land was also discussed.

State Ministers Diana Gamage, Prasanna Ranaweera, A. Aravindh Kuma as well as MPs Milan Jayathilake, Janaka Wakkumbura and Gunathilaka Rajapaksha were present at the Committee meeting held.

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SLTB earns nearly Rs. 1.3 bn. revenue in 9 days

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Special bus services will continue to operate for commuters returning to Colombo after the Sinhala and Tamil New Year, according to the Transport Manager at the Sri Lanka Transport Board (SLTB), H. Piyathilaka.

He further stated that a 24-hour bus service is already in operation and added that a special bus service has also been arranged, particularly for devotees attending the ‘Siri Dalada Wandanawa’ in Kandy, with nearly 150 SLTB buses deployed on the Kandy–Colombo route.

The SLTB’s Transport Manager further emphasized that from April 10 to April 19, the SLTB earned nearly Rs. 1,300 million in revenue, with this income expected to increase further in the coming days.

(adaderana.lk)

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

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Easter attacks PCOI report handed over to CID

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The final report of the Presidential Commission of Inquiry into the 2019 Easter Sunday attacks has been handed over to the Criminal Investigation Department (CID).

Public Security Minister Ananda Wijepala has confirmed that Secretary to the President – Nandika Sanath Kumanayake handed over the report.

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CID probe launched over photo of tooth relic

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The Criminal Investigation Department (CID) has launched an investigation into a photo circulating on social media, allegedly showing the sacred tooth relic during the ongoing special exposition – ‘Siri Dalada Vandanawa’ in Kandy.

According to Police Headquarters, the circulating image is seemingly an image taken by a devotee who attended the exposition, which is being held until April 27.

The police emphasises that devotees are not permitted to take photos or use their phones.

In this backdrop, the CID is investigating to ascertain whether the circulating photo was indeed taken during the ‘Siri Dalada Vandanawa’ exposition, and whether it was a photo captured by someone or whether it is merely an edited image.

The CID investigation has been launched on the instructions of the Acting Inspector General of Police.

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