News

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

Published

1 year ago

November 18, 2022

editor

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.

News

Sri Lankan ground staff awarded promised cash reward – SLC

Published

4 hours ago

December 6, 2023

editor

Sri Lanka Cricket states that they have commenced the distribution of the US$50,000 award (LKR 16 million) money promised during the Asia Cup to the ground staff of the RPICS, Colombo, and PICS, Kandy.

Accordingly, 138 members of the ground staff of the RPICS, Colombo, who worked during the Asia Cup 2023 (permanent and contract employees) were rewarded for their effort, while 115 members of the ground staff of the PICS, Kandy, will receive their reward this Friday.

A media statement by the SLC further notes :

The staff of both venues did a yeomen service during the tournament to ensure the practice facilities, outfield, pitches, covering and uncovering of the ground, and related services were in place and in time to conduct the tournament successfully, despite the bad weather conditions that prevailed during that time.

Curators, turf supervisors, ground staff, and technical staff are among the recipients of the reward payment.

The rewards were granted to the RPICS ground staff by the National Curator, Mr. Godfrey Dabrera, this morning.

The rewards were awarded jointly by the Asian Cricket Council and Sri Lanka Cricket, with each institution contributing US$25,000.

News

Man killed after hospital wall collapses

Published

4 hours ago

December 6, 2023

editor

A father of one lost his life after he was crushed under a wall that collapsed at the Henwala Divisional Hospital in Kadugannawa.

The wall had collapsed when workers were preparing the foundation to construct a new wall, says Mr. Indika Ranaweera, Assistant Director of the Kandy District Disaster Management Centre.

The man who was crushed to death has been identified as a 32-year-old named Ranjith Abeyratne who is a father of one.
The remains were moved to the Henawala Hospital in Kadugannawa, and the Kadugannawa Police are investigating the incident.

News

Earthslip blocks upcountry railway tracks again

Published

4 hours ago

December 6, 2023

editor

Train operations on the upcountry line have been disrupted due to an earthslip which occurred around 4.00pm today (Dec. 06) between Ohiya and Idalgashinna railway stations, amidst the heavy rains in the area.

Sri Lanka Railways said that trains plying to Badulla will be terminated at Ohiya railway stations until the tracks are cleared.