India’s Adani, SL’s JKH to Get 25-Year Tax Breaks

Declaring the proposed West Container Terminal (WCT) at the Colombo Port a Strategic Development Project, the Government of Sri Lanka has agreed to grant a 25-year tax holiday to India’s Adani Group and its local partner, John Keells Holdings PLC. India’s Adani and Sri Lanka’s John Keells Holdings were given the US$ 650 million WCT Project on a build-operate-transfer (BOT) basis.

https://ceylontoday.lk/news/india-s-adani-sl-s-jkh-to-get-25-year-tax-breaks

Ceylon Today

2021-08-07

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SriLankan loses Rs. 12.9 b in Q1

SriLankan Airlines recorded a Rs. 12.9 billion net loss in Q1 FY25, driven by cash flow challenges, legacy issues, and financial costs from past debt. ...

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SL pays $ 503 m for 1H debt servicing

By June 2024, Sri Lanka's external debt had reached $37.5 billion, with $8.19 billion in unpaid debt service accumulating since the April 2022 debt standstill on bilateral and commercial loans.

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Workers’ remittances decline in September

In September 2024, Sri Lanka’s remittances reached $556 million, tourism earnings were $181 million, and gross official reserves rose to $6 billion, covering 3.9 months of imports.

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