Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Foreign private university to be established in Sri Lanka
Mon, Feb 11, 2013, 09:51 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 11, Colombo: A foreign private university is to be set up in Sri Lanka's Gampaha District under the investment promotion agency, Board of Investment (BOI).

The University of Central Lancashire (UCLan) is to set up a branch university in a 120-acre land taken out on a 99-year lease at the Meerigama Export Processing Zone.

The total investment of the project is to be around US$ 100 million (around Rs.12 billion).

The agreement with the BOI had been signed by the university's Sri Lanka partner, UCLan Lanka (Private) Limited.

The agreement permits the Investment Promotion Ministry to grant a 15-year corporate income tax holiday after commercial operations begin and after this period, it will get a concessionary tax rate of 25 per cent for ten years.

Meanwhile, university students unions have expressed their objections to the move to establish a foreign private university.



ColomboPage - Recent 10 Stories
Sri Lanka, Pakistan should utilize the full potential of FTA - Pakistan PM
-- [6 hours ago]
Five Nigerian nationals remanded for violation of visa conditions
-- [7 hours ago]
Sri Lanka Speaker warns MPs against making insults and accusations in the House
-- [8 hours ago]
Russia will commit to provide benefits of bilateral relations to Sri Lankans - Russian Prime Minister
-- [8 hours ago]
Aitken Spence Cargo enters supply chain services contract with American & Efird Lanka
-- [9 hours ago]
Sri Lanka co-sponsoring resolution sends a strong signal on the importance the Government attaches to reconciliation and human rights - UK
Sri Lanka's Pan Asia Coloured Yarns awarded OekoTex Standard 100 and ISO 9001:2008 Certification
U.S. congress members signal greater engagement and support for Sri Lanka
President signs special gazette notification on declaring four forests near Wilpattu North Sanctuary as Conservation forests
Three soldiers arrested over the Rathupaswala shooting incident

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.