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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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Armed gang robs Police OIC’s house

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An armed gang came in motorcycles ransacked a residence of an Officer In-Charge (OIC) of the Kalutara North Police this afternoon.

Police said the armed gang which broke into the house of the OIC, inspector Nishan Kumara of the minor complaints unit of Kalutara North at Welipenna reportedly stole two mobile phones and gold jewelry and fled.

The IP was not at home at the time of the robbery, but his wife who was at home was attacked by the robbers.  She was injured in the attack.

It was reported that robbers were carrying T-56 firearm.

Several police teams are investigating the incident.

(dailymirror.lk)

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Schoolboy dies after drowning in swimming pool

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A 14-year-old schoolboy who was swimming in the swimming pool in a hotel at Boralassa, Wennappuwa had drowned.

Police said the victim, a grade 10 schoolboy from Galagedara and was studying in a school in Sandalankawa.

It has been revealed that the schoolboy was swimming in the pool with fellow students while on an excursion with a group of 80 schoolchildren from a tution class in Makandura.

The Wennappuwa Police are conducting further investigations.

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Applying for passports online from next year

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The Immigration and Emigration Department has planned to accept applications to issue passports online starting in January next year, the department’s IT controller Champika Ramawickrama said.

Through the program, an applicant will be able to submit his/her application to the department from the comfort of his home.

He went on to say that the applicant only needs to come to the department to attend to biometric formalities, such as finger prints.

For that, the department has decided to establish 50 front offices counters in each district to obtain fingerprints, Ramawickrama said.

He stated that 50 Divisional Secretariat Offices were chosen from each district for this purpose.

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