cabinet Archives - Lanka Business News

February 6, 2025

The Cabinet has granted approval to award Hayleys Fentons Limited the contract for developing a 50 MW Wind Power Facility in Mannar. This decision is after a thorough and transparent appeal process overseen by the Procurement Appeal Board (PAB). Initially, the Hayleys Fentons bid was not considered by the project committee due to additional content […]

July 11, 2024

Downtown-Duty-Free-Mall-at-Port-City-Colombo-Rendered-Image.jpg

Colombo, Sri Lanka, 11th July, 2024 – Port City Colombo announced that China Duty Free (CDF) and One World Duty Free (ODF) have been granted status as Businesses of Strategic Importance (BSI) by the Cabinet, according to an official Cabinet media statement released on 10th July 2024. This approval paves the way for the commencement […]

September 13, 2023

12th September 2023: The Joint Apparel Association Forum (JAAF) welcomes the recent cabinet approval for the deferment of the Simplified Value-Added Tax (SVAT) scheme, set to now take effect from April 1st, 2025. JAAF is particularly appreciative of the decision to ensure that a “strong tax repaying mechanism” is in place before […]

50 MW Wind Power Facility in Mannar

Downtown Duty-Free Mall at Port City Colombo geared up for opening as operations get BSI status

JAAF welcomes the Government’s decision to defer removal of SVAT