Strategic Development Project News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper. ..

Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper. ..

Three persons were killed and 55,435 others from 13,902 families were affected by floods and landslides at various places in the country during the past 72 hours, according to the Disaster Management Centre (DMC).Rainy weather would continue till Wednesday (19), the DMC said. Director of Irrigation (Hydrology) Eng. S.P.C. Sugeeshwara said the risk of floods […]

By Norman Palihawadane Police arrested 15 persons who attempted to stage a protest at Nawalapitiya town, where an SLPP rally was being held under the patronage of former President Mahinda Rajapaksa.A tense situation arose when the police arrived at the scene, and asked the protesters to disperse. When the former refused to do so, police […]

Wednesday July 7, 2021 6:08 am Wednesday July 7, 2021 6:08 am ECONOMYNEXT – Sri Lanka’s cabinet of ministers had cleared the granting of tax relief to factories in an industrial zone in Eravur in the East under Strategic Development Project law which may go up to 10 years based on the number of employees and investment. The tax breaks will be presented to parliament after being granted. Broad tax reliefs had already been listed. Firms investing up to 10 million US dollars and employing 150 persons will be given a  5 year tax holiday and 2 years 50 per cent tax. Firms investing up to 20...