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 ruling party secretary launches campaign for prime minister post
-- [7 minutes ago]
Beggars under watch in Sri Lanka after an abducted child was found with a beggar
-- [27 minutes ago]
Snap presidential election is unconstitutional, Sri Lanka Marxist party tells EC
-- [1 hour and 17 minutes ago]
Sri Lanka CID investigates Rs. 1.5 billion fraud in purchasing coal for Norochcholai power plant
-- [1 hour and 46 minutes ago]
Sri Lanka Opposition MPs who visited Port Authority ordered to appear in court
-- [2 hours ago]
Explosion at Sri Lanka Air Force camp injures three airmen
-- [3 hours ago]
Yuwanjana Wanasundera Wijayathilake sworn in as new Attorney General of Sri Lanka
-- [3 hours ago]
Sri Lanka fears de-proscription of LTTE in Europe will increase its activities
-- [4 hours ago]
Russian naval ship arrives at Sri Lanka's Colombo port on goodwill mission
-- [4 hours ago]
Sri Lanka President concerned about escalating terrorism, even in Canada

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.