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The Government does not intend to increase electricity tariff or public transport fares, although both the public power and transport sectors are operating at a loss, Minister of Power, Energy and Passenger Transport Management Mahinda Amaraweera said yesterday.

An emerging local hi-tech innovation company is set to take the automobile world by storm when it begins rolling out Sri Lanka’s first all-electric ‘supercar’ named Vega next year. The target launch date is April, 2020. The master builder of the Vega, techno-entrepreneur Harsha Subasinghe, chief executive of CodeGen told news media following a test drive last week that the so-called ‘supercar’ will be launched at the annual International Motor Show in Geneva in 2020.

The Government has decided to provide employment to 54,000 unemployed graduates by next January. Plans in this regard have already been initiated on the instructions of the President and the Prime Minister, Industrial Exports, Investment Promotion and Civil Aviation Minister Prasanna Ranatunga disclosed yesterday.

Foreign Secretary Ravinatha Aryasinha has called for the regaining of Sri Lanka’s economic prominence in Egypt to its traditional strength, consistent with the shared history, excellent bilateral political relations and the collaborative role the two countries play in the multilateral sphere.

UNP Leader Ranil Wickremesinghe has tasked senior party member Tilak Marapana PC with presenting a note on potential changes to the UNP constitution with regard to the post of the party leader by the end of the week.

Aims 6.5% or higher GDP growth from 2020; over $ 6,500 per capita income by 2025
Unemployment rate below 4%, inflation rate below 5% and Budget deficit below 4% of GDP are other key goals
Lists 10 priorities under President Gotabaya Rajapaksa rule
Finance Ministry directs all ministries, departments and heads of Government institutions, PCs and local authorities to comply with and deliver on framework

The European Union promotes human rights and civil society by providing financial assistance to implement seven new projects in Sri Lanka, EU commission in the island announced.

Philippines has stepped into expand trade ties with Sri Lanka as an immediate response to the countries present political situation and change of government, official source said.

Sunday, 15 December 2019 16:10

Sri Lanka revenue targets on track this year

Sri Lanka’s revenue mobilisation has been reinforced this year enabling the Inland Revenue Department (IRD) to achieve the target of Rs.800 billion, official sources said adding that the department has already collected Rs. 750 billion upto November.

The Solid Waste Disposal Facility Project with Korean loan assistance is still to be completed, even after over five years, due to administrative delays of the Environment Ministry, a progress report divulged. The project has failed to achieve the objectives timely and efficiently and the construction of the waste containers had not been initiated up to now, the report indicated. The total estimated cost of the construction of this facility had been a sum of US$ 41.89 million.

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