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BoI causes confusion

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Many an eyebrow has been raised by a recent Board of Investment (BoI) announcement as regards minimum land premium and ground rent applicable for agreements signed to lease land at export processing zones/ industrial parks.

The announcement that dealt with increased rates, with effect from January 1, 2025, pertaining to newcomers, has been sent to existing operations as well. Sources said that at a time various countries offered a range of incentives, further increase in rent couldn’t be justified and, in fact, counterproductive.

Land reservation fee is 10% of the premium for 30-year lease and all charges are liable to VAT and other government levies.



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Amendment of the Quarantine and Prevention of Diseases Ordinance No. 3 of 1897

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Quarantine and Prevention of Diseases Ordinance No. 3 of 1897 is the principle law that regulates the prevention of the spread of communicable diseases and the implementation of quarantine measures.

However, at present, it has been observed that the risk of spreading communicable diseases across borders have significantly increased due to  considerable increase in the
international and domestic movement of persons, goods, and services and frequent international travel and trade have led communicable diseases spread rapidly between countries.

Accordingly, although cabinet approval was granted in the 2016 to amend the Quarantine and Prevention of Diseases Ordinance No. 3 of 1897, the relevant amendment bills have not been  presented to Parliament.

Therefore, as per the proposal made by the Minister of Health and Mass Media, the Cabinet of Ministers has approved the appointment of a Review Committee to study the amendment bill that has been prepared  and propose suitable amendments to meet the current health challenges as well as challenges that may arise in the future, taking into consideration the experience obtained during the epidemic situations that have occurred in the past.

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Cabinet approves donation of USD One Million to the Government of Nepal

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The Cabinet of Ministers granted approval to the proposal submitted by the President to make a donation of United States Dollars One million as humanitarian and economic relief to the government of Nepal

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Sun directly overhead Kalpitiya, Talawa, Sinharagama, Galkadawala, Nachchaduwa, Padikaramaduwa, Gomarankalla and Verugal about 12.10 noon today (01)

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The sun is going to be directly over the latitudes of  Sri Lanka from 28th of August to 07th of  September due to its apparent southward relative motion.

The nearest places of Sri Lanka over which the sun is overhead today (01) are Kalpitiya, Talawa, Sinharagama, Galkadawala,
Nachchaduwa, Padikaramaduwa, Gomarankalla and Verugal about 12.10 noon.

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