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 government takes measures to increase protection at unprotected rail crossings
-- [2 hours ago]
Sri Lanka Navy to start a maritime program to safeguard the region
-- [2 hours ago]
New Zealand Green Party to raise Sri Lanka's human rights with PM
-- [2 hours ago]
Sri Lanka's lubricant market grows at 6.8 percent to 23.4 billion rupees in 2015
-- [4 hours ago]
Sri Lanka cabinet approves 15% VAT on cigarettes and tobacco products
-- [4 hours ago]
New constitution will not divide the country, Sri Lanka Muslim Congress says
-- [5 hours ago]
Sri Lanka Army to release over 450 acres of lands in the North
-- [6 hours ago]
Sri Lanka PM and delegation arrive in New Zealand on a three-day visit
-- [6 hours ago]
Sri Lanka's 2017 Budget to fulfil development goals and peoples aspirations
The latest Rum Punch collection Active POP in stores now

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.