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Government cuts state land lease rentals for agriculture

Sri Lanka has cut the lease rentals charged on state land released for commercial agriculture, Lands Minister Gayantha Karunathilake said. Though concessions were given for state land released for housing and industry, land released for commercial agriculture is charged a higher rate, he said. Under concessions approved by the cabinet …

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inflation down

Issuing National Consumer Price Index (NCPI), for the month of January 2018, Dr. Amara Satharasinghe, Director General of Census and Statistics said that the Year on Year inflation based on NCPI has declined to 5.4% from 7.3% in December 2017.Inflation of 5.4% reported for January 2018 is the lowest inflation …

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No gas price hike

Chairman of Consumer Affairs (CAA) Authority Hasitha Thilakaratne says that although several companies request for a price hike, the CAA will only increase prices after a comprehensive inquiry, and after approval is granted from the cabinet subcommittee on cost of living. Thilakaratne made this observation upon inquiring made on the …

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Gas cylinder prices to be increased?

It is said that local¬† gas companies say that they expect to hold discussions with relevant authorities today (20) with regard to increasing the prices of LG gas cylinders. Gas companies had repeatedly requested for approval to increase the prices on several previous occasions. However, the companies say that they …

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Transshipment operations at Colombo Port up by 20.4 percent

Transshipment operations at the Port of Colombo shows a tremendous increase between the months of January 2017 and January 2018. Accordingly against 362,451 transshipment TEU operations in January 2017, together with the Jaya Container Terminal (JCT), South Asia Gateway Terminal (SAGT) and the Colombo International Container Terminal (CICT), the Port …

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Government earnings from cigarettes see drop in 2017

Government tax earnings from cigarette sales are likely to see a reduction in 2017 for the first time in five years. According to provisional data, the government earned LKR 86 billion from tobacco excise in 2017 compared to LKR 88.7 Billion in 2016, a drop of Rs. 2.7 billion, a …

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Dialog NPAT Rs.10.8bn, contribution to govt revenue tops Rs 35.7bn

Dialog Axiata PLC announced on Friday, its consolidated financial results for the year ended 31st December 2017. Financial results comprise those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”).   On the backdrop of strong market performance across all key business segments, the Group …

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Dialog Axiata PLC net profit after tax Rs. 10.8 billion for FY 2017

Sri Lanka’s premier telecommunications service provider, Dialog Axiata PLC Friday announced its consolidated financial results for the financial year ended 31st December 2017 of the main company and the Dialog Axiata Group including subsidiaries Dialog Broadband Networks (D BILLION) and Dialog Television (DTV). On the backdrop of strong market performance …

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