Call to reduce tax on hybrid vehicles and trucks

The 2015 Budget is favourable to the country's motor trade which has faced tough times, said vehicle importers. However, they said that certain amendments to the tariff structure should be made to boost sales of all categories of vehicles and reduce the colossal drain of foreign exchange on fuel imports each year.

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Delay in monsoon rains may hit paddy farmers

The Department of Irrigation said that water levels in reservoirs maintained by the department are still at crisis level and therefore, Maha season paddy cultivation cannot begin in many farming areas. The success of the Maha season will depend on the North-East monsoon rains which is due to break out in the coming weeks and the expected rain in September and October was not received,

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SriLankan Airlines launches new aircraft

National carrier, SriLankan Airlines began commercial operations on its newly acquired Airbus 330-300 with a direct non-stop service to London last week. The new A330-300, the first of seven such aircraft on order from Airbus was inducted to SriLankan’s fleet last month,

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SriLankan Catering to open facility at Mattala soon

SriLankan Catering, the catering arm of SriLankan Airlines is confident of delivering better performance in terms of revenue, quality and food standard this year. “We are well on our way to cross last year’s revenue mark which was Rs 5.7 billion with a profit of Rs 2.2 billion. SriLankan Airlines purchases 68 percent of the meals produced while Mihin Lanka and 12 other airlines purchase the rest,

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Incentives to boost self-employment

The Government has given due recognition to people who take to self-employment and has taken steps to help them, Postal Services Minister Jeevan Kumaratunga told members of the Jeewana Liya Jathika Sansadaya at the Madapatha Shailatharama Viharaya, Piliyandala, where loans were provided to launch self-employment projects.

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