Interim budget to be presented to Parliament next week

President suspends Withholding Tax imposed on sale of teledramas

President Maithripala Sirisena has suspended the Withholding Tax imposed on the sale of teledramas. The President’s media division said that?President Maithripala Sirisena had advised Finance Minister Mangala Samaraweera to withdraw the tax and inform the relevant institutions. The President further said that, if there is any obstacles for the progress of the field of art, including the local cinema industry and the field of the tele dramas due to the new Tax policy, he will take action to pro

06 Jun, 2018

TNL TV transmission tower at Polgahawela sealed by TRC

The transmission tower of TNL TV at?Polgahawela was sealed by the Telecommunications Regulatory Commission (TRC) today. An official at TNL TV told the Colombo Gazette that the TRC had sealed the tower on the basis that an overdue payment had not been made to operate the tower. However, the official said that it is the opinion of the TNL TV management that the tower was sealed as the TV network had aired a news report critical of President Maithripala Sirisena. TNL TV also said that it had mad

05 Jun, 2018

TRC says TNL transmitter in Polgahawela was operated illegally

The telecommunications regulator today defended its action against TNL TV saying it had no “undue ambition.” ?The TRCSL (Telecommunications Regulatory Commission Sri Lanka) emphasizes that there is no any other undue ambition behind this action,? the regulator said in a two-page statement issued a day after Telshan Network (TNL) had its? Polgahawela transmitter seized, Economy Next reported. The TRC retracted its earlier allegation that TNL had not paid its licence fees and instead modified it

06 Jun, 2018