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
Tamil Nadu political leaders advise Modi not to have closer defense ties with Sri Lanka
-- [6 hours ago]
Sri Lankan President opens cricketer Dilshan's luxury hotel
-- [6 hours ago]
Belarus MPs to focus on economic ties during next month's visit to Sri Lanka
-- [7 hours ago]
CaFFE and CHR condemn attack on Sri Lanka university students
-- [7 hours ago]
Sri Lanka Army to assist Bangladesh Army to set up a women corps unit
-- [9 hours ago]
Sri Lanka's Missing Persons Commission says no interference from security forces on public sittings
Belarus parliamentary delegation to visit Sri Lanka in November
Sri Lankan government will assist the parties to defend the LTTE ban
Sri Lankan President hopes the Deepawali festivities will add to the spirit of reconciliation
Sri Lanka business chamber to hold post budget seminar

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.