Connect with us

News

Waiver of tariffs on electric vehicles for assembling companies investing USD 50 mn

Published

on

By Rathindra Kuruwita

The Cabinet of ministers had approved a proposal by the President to remove all tariffs on electric vehicles for companies that had signed or would enter into agreements with the BOI to invest at least 50 million US dollars on assembling electric vehicles and plug – in hybrid electric vehicles, cabinet spokesman Bandula Gunawardena told reporters on Tuesday.

Gunawardena said many Asian countries had encouraged assembling and manufacturing of electric vehicles and plug – in hybrid vehicles by removing all tariffs on such companies.

The Cabinet spokesman said above mentioned companies would not be charged a CIF when importing electric vehicles, electric two – wheelers with a power grade up to 500 kW and modern partially assembled Semi – Knocked – Down / SKD sets with an engine capacity up to 3000 CC for assembling.

The Cabinet of Ministers had also approved a proposal by the President to allow companies to import new rechargeable electric vehicles not exceeding 30,000 dollars if they fall under “Retaining and extending investors for re – investment of existing board of investment approved companies” and “The 100 service companies programme that are board of investment’s information technology / and companies empowered by information technology” programmes, the minister said.

Companies that were eligible for the programme for retaining and extending investors for reinvestment of existing board of investment approved companies were those who had registered under section 17 of Sri Lanka Investment Board Act and had been in operation within a period of less than 5 years. These institutions must have also invested at least three million dollars and have created at least 50 jobs, Minister Gunawardena said, adding that the companies which fell under the 100 service companies’ programme must have created at least 50 jobs and at least 15 of those jobs should be technical in nature. Those institutions must have also invested at least 250,000 dollars, he said.



News

President meets with Department of Prisons Officials

Published

on

By

President Anura Kumara Dissanayake met with the officers of the Department of Prisons, including Superintendents of Prisons, Jailers and other officials, on Friday (17) afternoon  at the Presidential Secretariat.

Extensive discussions focused on the challenges currently faced by the prison system and the urgent measures required to address them.

Special attention was also given to the recent incident at the Negombo Prison, with lengthy discussions held on the steps needed to prevent similar incidents from occurring in the future.

The meeting also addressed the challenges faced by prison officers and matters relating to their welfare.

The officials noted that this was the first opportunity they had been given to discuss their concerns directly with the President and expressed their appreciation for the opportunity.

Minister of Justice and National Integration Harshana Nanayakkara, Minister of Labour and Deputy Minister of Finance and Planning Anil Jayantha Fernando, Senior Additional Secretary to the President Roshan Gamage, Secretary to the Ministry of Justice and National Integration Ayesha Jinasena, Commissioner General of Prisons Prasad Hemantha Kumara, Commissioner of Prisons (Rehabilitation) S.K. Pallethanna, Commissioner of Prisons (Operation/ Intelligence) A.C. Gajanayake, along with a number of other officials of the Department of Prisons, were present at the meeting.

 (PMD)

Continue Reading

News

Prioritize Vocational Education in future Education Planning – President

Published

on

By

President Anura Kumara Dissanayake emphasised that greater priority must be given to strengthening Sri Lanka’s vocational education sector in parallel with the country’s ongoing education reforms, stating that the Government is prepared to allocate the necessary funding through the 2027 Budget.

The President made these remarks on Friday  (17) during a meeting at the Presidential Secretariat to review the progress of projects implemented under the 2026 Budget allocations for the Ministry of Education, Higher Education and Vocational Education and to discuss the Ministry’s funding requirements ahead of the 2027 Budget.

A total allocation of Rs. 303 billion has been made to the Ministry under the 2026 Budget, comprising Rs. 160 billion for general education, Rs. 122 billion for higher education and Rs. 20 billion for vocational education.

The meeting reviewed the implementation of projects funded under these allocations, future plans and the Ministry’s funding requirements for the coming year. The President stressed that budget allocations should not be spent merely because they have been provided, but should instead be utilised in line with national priorities and identified needs.

Officials noted that the largest-ever capital allocation of Rs. 8 billion had been provided this year for vocational education. They also reported that 57,959 students had been enrolled during the first two quarters of the year across 310 Government vocational training institutions.

Particular attention was given to increasing the annual intake of students into vocational education institutions. Discussions also covered the allocation of a permanent site for the Ocean University, the gradual increase in student admissions to the University of Vocational Technology from next year and measures to expand both the number and quality of University Colleges across the country, enabling students in the regions to access technical degree and diploma programmes more easily.

The meeting also focused on programmes implemented under the general education sector. The President stressed that projects financed through foreign assistance should not become an unnecessary debt burden on the country, but should instead be undertaken only where they are aligned with Sri Lanka’s education policies and genuine national requirements.

Attention was also directed towards welfare programmes for schoolchildren. The President instructed that priorities be established to ensure that benefits reach those who genuinely require them based on the effectiveness of each programme. The President further noted that the President’s Fund remains ready to support scholarship programmes and instructed officials to prepare and submit proposals outlining such funding requirements.

The meeting also held extensive discussions on increasing the monthly financial assistance provided to students with special educational needs from 2026 onwards, as well as raising the allowances paid to student teachers at the National Colleges of Education.

Officials also briefed the President on issues relating to the existing student insurance scheme.

Discussions further focused on plans to invest Rs. 382 billion in the education sector during the 2027–2031 period to support its continued development. Particular attention was given to the proposed Digital Transformation Project, which forms part of this investment programme.

It was also noted that work has commenced on the rehabilitation of 20 schools and National Colleges of Education damaged by Cyclone Ditwah, with Rs. 1.9 billion allocated for the programme.

The meeting also agreed that teacher shortages, vacancies among non-academic staff and salary anomalies within the education sector should be addressed through a coordinated approach across the public sector. It was further agreed that a special commission would be tasked with recommending permanent solutions to these issues.

Prime Minister and Minister of Education, Higher Education and Vocational Education Dr. Harini Amarasuriya; Minister of Labour and Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando; Deputy Minister of Vocational Education Nalin Hewage; Secretary to the President Dr. Nandika Sanath Kumanayake; Chief of Staff to the President Prabath Chandrakeerthi; Senior Additional Secretaries to the President Russel Aponsu and Kapila Janaka Bandara; Secretary to the Ministry of Finance, Planning and Economic Development Dr. Harshana Suriyapperuma; Secretary to the Ministry of Education, Higher Education and Vocational Education Nalaka Kaluwewa; together with officials from the Ministry of Finance, Planning and Economic Development and the Ministry of Education, Higher Education and Vocational Education, were also present at the meeting.

 (PMD)

Continue Reading

News

Navy brings fisherman in distress off Pothuvil, ashore

Published

on

By

The Sri Lanka Navy rescued a fisherman from a local fishing trawler that encountered distress due to adverse weather conditions off the eastern coast of Sri Lanka.

The rescue operation took place on 17 July 2026, approximately 15 nautical miles off Pothuvil.  The operation was launched following information received by the Maritime Rescue Coordination Centre (MRCC) Colombo.

In response, the Sri Lanka Navy deployed the Offshore Patrol Vessel SLNS Vijayabahu along with additional craft to conduct a search operation in the designated sea area, where they successfully located the distressed fisherman.

Following the rescue, the individual was brought aboard SLNS Vijayabahu, where naval personnel administered preliminary first aid. He was subsequently brought to the mainland and rushed for further medical attention.

Meanwhile, the Navy, along with the coordination of MRCC Colombo, remains constantly prepared to swiftly respond to the eventualities faced by maritime and fishing communities operating within the island’s Search and Rescue Region (SRR).

Continue Reading

Trending