The Government is to introduce tax concessions for foreign investments from next year, State Minister for Investment Promotion Keheliya Rambukwella said.
He said that in order to improve investments a range of concessions will be introduced depending on the size of the investments and agreement will be reached with the Finance Ministry on how the concessions will be offered.
Minister Rambukwella said they hope to introduce a team of officials who will work with investors to obtain approval for the projects.
Also the Ministry plans to carryout a worldwide promotional campaign to attract foreign investments.
(Reporting by Damith Wickremasekara)
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
Read these and more on tomorrow’s edition of the Sunday Times
Cabinet has approved the appointment of Commodore (retired) M.B.N.A. Premaratne of the Sri Lanka Navy, as the new Commissioner General of Excise.
Villagers in Nirmalapura, Daluwa, Norochcholai today staged a protest over an incident where a group of Navy officials and sailors had assaulted a resident in the area over night, Police said.
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