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Last updateWed, 21 Feb 2018 9am

Business News

A big demand for the Sri Lanka's fish products from Europe.

Minister Mahinda Amaraweera states that Sri Lanka's fish production has a big demand from the Europe. He added that the government has allocated more funds to improve fisheries sector with the view of increasing the fish production. The Minister also said that the fishing communities are being given a subsidy after 20 years.

Many programmes to create self employment opportunities are implemented.

Many programmes to generate self employment opportunities have been commenced for the benefit of general public. Primary Industries Minister Daya Gamage said these self employment opportunities are created in such a way that a person can earn around 75,000 rupees per month.


Minister Rajitha Senarathne says that the bill on vat was approved in the cabinet. It will only for 9 months.

Minister Rajitha Senarathne says that the bill on vat was approved in the cabinet. He added that the vat will be charged for only 9 months. Afterwards, the system will be more simplified and more concessions will be granted to the general public. Minister Senarathne further said that the recent vat bill was prepared concerning the public grievances. The previous government has borrowed money not only through the treasury. According to the investigations 1.3 trillion rupees need to be paid for the loans of the previous regime.


The paddy purchasing process has been commenced in nine districts.

The Paddy Marketing Board says the government rice warehouses have been kept ready to accept the paddy stocks from the Yala season. The board further said paddy purchasing process from the private sector has been commenced in nine districts so far. Around 11,000 metric tons paddy have been stored in rice storehouses of the Board.


Sri Lankan government extend support to upgrade health service in the Maldives

The government has expressed willingness to support to enhance health service in the Maldives. Health minister of Maldives Abdullah Nasheem Ibrahim recently met minister Rajitha Senarathne in Colombo and held a lengthy discussion in this regard.


Public are sending views and proposals to prepare the budget next year.


The Ministry of Finance says public sends their views and ideas at present prior to the preparation of Budget next year. Director General of the Investment Policy Unit Ashoka Ranjith says public and trade union representatives and other organizations can direct their views and proposals before the 1st of October to the Department of Investment Policies, Ministry of Finance, Colombo 01.

The Chinese government will assist the technological know how to uplift the fresh water fishing industry in the country.


The Chinese government is assisting to develop the Sri Lanka's Fresh Water Fishing Industry.  An agreement was signed yesterday with Chinese Fishing production Company under the patronage of Minister Mahinda Amaraweera.  The Minister said the development of fish resources in the Sri Lanka territorial waters are declining.  


The Central Bank further strengthens resolution measures on finance companies

The Central Bank says that it has observed certain erroneous news items published in few newspapers raising concerns over financial problems confronted by a few licensedfinance companies.


Sri Lanka is in a mission to conquer business opportunities Mekong region.

Greater Mekong Subregion Business Council said that there is tremendous potential in trade and investments opportunities with mutual benefits for Sri Lanka and for the Mekong countries that could help the Sri Lankan economy in a bigger way.  Especially in countries such as Myanmar which opened its economy following a transition of power to a democratically elected government, Sri Lanka can reap the benefits from industries such as construction, healthcare and even education in the country.


The cabinet has approved a proposal to limit import and use of harmful Asbestos.


The cabinet has approved a proposal to limit import and use of harmful Asbestos. Accordingly import and use of such asbestos and alike products will be totally prohibited from 1st of January 2018.


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