The government of Sri Lanka has proposed the slashing of taxes on electric cars by Rs. 1 million as well as electric buses in the Budget 2018. Tax cuts will also be cut for electric three wheelers.
Sri Lanka’s Finance Minister Mangala Samaraweera says the government will move to lift foreign investor restrains on listed companies owning land.
Finance Minister of Sri Lanka, Mangala Samaraweera says the government will remove restrictions on foreign ownership of ship agency and freight forwarding businesses.
A report in the Modern Power systems website states that the Asian Development Bank (ADB) is to support the construction of a 100 MW wind farm in Sri Lanka with a US$ 200 million loan.
The Diesel and Motor Engineering PLC (DIMO) has reportedly signed an agreement with the Ministry of Skills Development and Vocational Training to train 150 Combined Harvester Operators under the Ministry’s Employment Linked Training Programme (ELTP).