Sri Lanka, Aug. 25 -- The Government has introduced a revised regulatory and tax framework for the Colombo Port City to bolster investor confidence while aligning with international standards.

According to Industry and Entrepreneurship Development Deputy Minister Chathuranga Abeysinghe, the updated provisions eliminate previously "arbitrary" terms, creating a balanced environment for global capital. Under revised tax incentives, primary investments will receive 15 to 23 years of tax concessions, while secondary investments benefit from reduced tax rates for up to four years.Executive Branch

Discover more Politics Business & Industrial political The Government aims to secure US$ 6 billion in total investments over the next five years, wi...