header logo
සිංහලதமிழ்
Vallibel FD
vallible LE
Latest
Budget 2019: No foreign investors allowed to bid at govt construction projects
Mar 05, 201904:37 PM
Google NewsAdd on Google
Budget 2019: No foreign investors allowed to bid at govt construction projects
Mobitel inner 1278

Foreign investors will not be allowed to bid for government construction projects unless the project is fully foreign financed, stated the Finance Minister.

 

However, foreign investors will be able to bid for government project if they form a joint venture with local companies, elaborated Minister Mangala Samaraweera.

 

Proposing this at the Budget reading at the parliamentary session today (05), the Minister stated that, this was in order to support the local construction companies. He says that this measure will help local companies benefit from the transfer of technology.

 

 

 

 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them (mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Comments

0
Comments are disabled

Note: Due to legal constraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.

MostRead
Mobitel 1278
VideoStories
No issues concerning overall fuel supply or distribution Stocks secured until mid-2027

No issues concerning overall fuel supply or distribution Stocks secured until mid-2027

Election Commission suspends SLFP’s status as a ‘recognized political party’ amidst major split

Election Commission suspends SLFP’s status as a ‘recognized political party’ amidst major split

Detention period in Organised Crime Prevention Bill to be reduced from 72 to 48 hours – President

Detention period in Organised Crime Prevention Bill to be reduced from 72 to 48 hours – President

Government has not taken decisions harmful to public -- Dy Minister Mahinda Jayasinghe

Government has not taken decisions harmful to public -- Dy Minister Mahinda Jayasinghe

Court orders freezing of bank accounts and vehicles belonging to Rakitha Rajapakshe for 3 months

Court orders freezing of bank accounts and vehicles belonging to Rakitha Rajapakshe for 3 months

Heroin and 'Ice' haul weighing over 150kg seized from vessel intercepted in southern seas

Heroin and 'Ice' haul weighing over 150kg seized from vessel intercepted in southern seas

Protest against proposed PSTA and Organised Crime Prevention Bill marches towards Parliament

Protest against proposed PSTA and Organised Crime Prevention Bill marches towards Parliament

The 3rd International Broadcaster’s Symposium to be held on Nov. 11 & 12 in Colombo

The 3rd International Broadcaster’s Symposium to be held on Nov. 11 & 12 in Colombo

PUCSL recommends 1.46% electricity tariff hike for October–December 2026

PUCSL recommends 1.46% electricity tariff hike for October–December 2026

Court to deliver decision on Gotabaya Rajapaksa's foreign travel ban on Nov. 25

Court to deliver decision on Gotabaya Rajapaksa's foreign travel ban on Nov. 25

PSTA draws widespread opposition from civil groups; Several protests planned against the Bill

PSTA draws widespread opposition from civil groups; Several protests planned against the Bill

Parliament heated over no-confidence motion against Speaker; SJB stages protest within the chamber

Parliament heated over no-confidence motion against Speaker; SJB stages protest within the chamber

Namal Rajapaksa granted bail in Krrish bribery case based on exceptional circumstances by court

Namal Rajapaksa granted bail in Krrish bribery case based on exceptional circumstances by court

"PSTA will cause serious damage to the country" Opposition says PSTA an attempt to suppress dissent

"PSTA will cause serious damage to the country" Opposition says PSTA an attempt to suppress dissent

Crowds flock to IRD offices amid new TIN requirement; IRD urges public to avoid unnecessary visits

Crowds flock to IRD offices amid new TIN requirement; IRD urges public to avoid unnecessary visits

Lassana Flora