The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, successfully held a public consultation yesterday (22 March 2018) at Bandaranaike Memorial International Conference Hall (BMICH), on the proposed framework for licensing electricians.The proposed mechanism plans to establish an accepted professional status for electricians in the country by accrediting their qualifications and experience.
Sri Lankan President Maithripala Sirisena has said that Sri Lanka is pleased over the Pakistan’s economic progress and China-Pakistan Economic Corridor (CPEC) project , Associated Press of Pakistan reported today.
Japanese Ambassador to Sri Lanka Kenichi Suganuma said yesterday that his government was not of the opinion that foreign jurists should be brought to Sri Lanka to evaluate claims of human rights violations.Responding to a reporter’s question about the matter, Ambassador Suganuma said the Sri Lankan government has the capability to investigate alleged violations and bring those involved to justice.
Cabinet has approved a proposal for the amendment of the Companies Act no 7 of 2007, in order to avoid money laundering and funding of terrorism.The government today said that it had identified the necessity of rapid legal amendments to avoid Money Laundering and Funding of Terrorism.
The International Atomic Energy Agency (IAEA) says it will continue to support Sri Lanka in many areas including nuclear medicine, non-destructive testing in industry and assistance in introducing nuclear energy. IAEA Director General Yukiya Amano reviewed the cooperation between the IAEA and Sri Lanka during his visit to the country on 14 March, the agency said in a statement on Tuesday (20).
Establishment of Local Government Institutions will commence from today (20) and accordingly, local government bodies could be established within a month from today, the Ministry of Provincial Councils and Local Governments said.
The new Inland Revenue Act would put an end to numerous ad-hoc tax concessions granted according to the whims and fancies of the Finance Minister of the day Finance and Mass Media Minister Mangala Samaraweera said. .
The minister was addressing a public seminar conducted by the Inland Revenue Department on its new Act at Galadari Hotel yesterday said that the new act becomes operational from April 1 will create a level playing field for everyone to do business moving away from the culture of preferential treatment
The full speech of the minister is as follows:
At the outset please let me thank the Inland Revenue Department for organising this public awareness seminar today on the new Inland Revenue Act that will be operational from 1st April 2018. I assume this is one of many such programmes to be organised island wide on the new Revenue Act with the purpose of reaching to the general public.
I must say the new act became a reality because of the painstaking efforts undertaken by many stakeholders. Our colleagues at Inland Revenue Department and the Treasury made their modest contributions in consultation with trade chambers, auditors and charted accountants. While in the Parliament at the draft stage, the Revenue Bill was amended to accommodate diverse inputs from different political parties, which led to receive two thirds majority approval.
The program to pay compensation for the properties damaged during the recent unrest in Kandy would get underway today, according to Kandy District Secretary H.M.P.Hitisekera. According to a decision taken by the government, all relevant parties have been informed to expedite payments to the victims and complete payments within a short period of time. Hitisekera said the Go from today vernment has decided to start paying compensation although it was yet to fully estimate the damages caused to properties.
The United States has terminated the Anti-Dumping and Countervailing Duty Investigations on imports of Rubber Bands from Sri Lanka on 15 March.The decision on 15th March 2018 at 11.00 am, to terminate Anti-Dumping and Countervailing Duty Investigations on Lankan rubber bands was taken at a vote held at the International Trade Commission (ITC), US.