Senior government officials led by Treasury Secretary P.B. Jayasundera at a meeting with high-fliers in tourism on Thursday, turned down a request to reduce the industry’s burden particularly high taxes and power rates.
The Telecommunications Regulatory Commission (TRC) says this year will see more than US $ 300 million worth of investment from the telco industry. “This is a large investment and we plan to increase the total revenue from the industry by at least Rs. 10 billion more than last year,” Anusha Pelpita, Director General TRC told the Business Times.