Category: Srilanka Developments and Releated News
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Car registrations down by 40%, three wheelers by 50% in 2017
Motor car registrations have come down by 40% on a month and month basis mainly due to drop in financing share of motor cars. The three wheeler segment came down by nearly 50%,according to the JB Securities monthly review. Implementation of the budget proposal to restrict credit to new cars (50% LTV) and three wheelers…
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Calling Applications for the Lease of Wholesale Business Premises in the Dedicated Economic Centre – Kilinochchi
Calling applications for the lease of wholesale business premises in the Dedicated Economic Centre along the Kanagapuram Road in Kilinochchi District. The objectives of the center are to provide a reasonable price to the farmers, create a competitive market place for the vendors and provide a reasonable price for the consumers. This business premises have…
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Foot Operated Water Valves technology for washing
National Engineering Research & Development Centre Of Sri Lanka (NERD Centre) invites manufactured, and developed, and introduced to the market successfully a Water Valve which is foot operated, that is made to happen, using newest and latest Technology, to be utilized very easily and effectively, in order to save the resources of water, whenever using,…
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The National Forest Enhancement Strategy – Re-forest Sri Lanka
The main cause of global warming is the release of carbon dioxide to the atmosphere. Due to this, we are experiencing an acceleration in adverse climatic changes Since trees play an important role in our environment by removing harmful carbon dioxide from the atmosphere and by producing oxygen, the most well-tested and cost-effective way of…
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Five new towns in Western Province
Minister of Megapolis and Western Development Patali Champika Ranawaka, said five new towns would be added to the Western Province, under the Megapolis plan. These would be Ragama, Homagama, Horana, Ratmalana and the are Kirimandala Mawatha. He said each of these towns would have schools, industrial zones, hospitals, government offices, as well as new housing…
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Common Electronic Fund Transfer Switch system for fund transfer
Central Bank of Sri Lanka brought a convenience way to transfer money by using CEFTS (Common Electronic Fund Transfer Switch) instantly at any time of the day by Internet, Mobile, Phone, ATMs or Visiting the Bank (Over the Counter). This service is active for send money up to Rs. 5 million at a cost of…
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Upt 60% Discount for Sunday Observer, Silumina & Thinakaran Weekend Papers for Annual Subscription
Lake House Invites annual subscriptions for the their daily publications and weekend publication with discounted value upto 60%. Daily News Paper Value of Paper: LKR. 9,390/- Annual Subscription LKR. 3,800/- Discount: 60% Dinamina News Paper Value of Paper: LKR. 6,260/- Annual Subscription LKR. 3,200/- Discount: 50% Thinakaran News Paper Value of Paper: LKR.…
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India to supply locomotives, train sets to Sri Lanka
Indian Railways has got the export order of supplying 10 locomotives and six DMU train sets to Sri Lanka. The total size of the order is INR 700crore. Rail India Technical and Economic Service (RITES), the subsidiary of Indian railways, which had already been working as a consultant in Sri Lanka has got the order.…
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Notice to General Public about Registration for Value Added Tax (VAT) and Nation Building Tax (NBT)
Changes to VAT and NBT laws are implemented with effect from November 01,2016 (unless a specific date is mentioned) as per the Value Added Tax (Amendment) Act No 20 of 2016 and Nation Building Tax (Amendment) Act No 22 of 2016. Accordingly, any person or partnership whose value of supply/turnover reaches/exceeds the limits stated below…
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Container Terminal for Trinco Port
Prime Minister stated that the Trincomalee harbour will be developed to international level with a container terminal at the second International Colombo Maritime Conference at the Galadari Hotel. he said that the proposed North Eastern port of Trincomalee will be developed under a plan from Singapore’s Surbana Jurong. The Prime Minister said that they will…