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Fri10202017

Last updateThu, 19 Oct 2017 8pm

Business News

Health Minister Dr. Rajitha Senarathna decides to clarify and resolve the problems in registration of Ayurvedic doctors.

 

Health Minister Dr. Rajitha Senarathna decides to clarify and resolve the problems in registration of Ayurvedic doctors. This decision is taken when he held a discussion with the United Local Physicians Association. The policy so far was paying 1500 rupees in five years and getting the registration under the Ayurvedic Medical Council.

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Alternatives for polythene are now available at the market.

 

The use and sale of polythene and allied products will be totally banned from the 1st of September. Alternatives for polythene are now available at the market. Deputy Director General of the Central Environmental Authority, Upali Gunarathna says people should get

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World Trade Organization says that there is a commendable progress in Sri Lanka’s economy.

World Trade Organization says that there is a commendable progress in Sri Lanka’s economy. A latest research report by WTO states the progress had been made in comparison to 2010 to 2016. WTO’s attention has been drawn over 164 countries since 1994.

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Problems relating to the tax structure will be resolved in the new Tax Act.

 

Senior Lecturer of the Wayamba University Aaminda Methsila states that it is the responsibility of the public to pay tax to the government for the benefit of the development of the country.  He further stated that problems relating to the tax structure will be resolved in the new Tax

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The International Book Exhibition will begin on the 15th of next month.

 

The International Book Exhibition will be held at the BMICH from 15th to 24th of next month. President Maithripala Sirisena is scheduled to open the exhibition. This year's exhibition will be comprised with 400 stalls. General Secretary of the Book Publishers Association, Ariyadasa Weeraman said that there are 60 foreign book stalls. 162 novels have been submitted for Literary Awards Festival.

The government has price controlled the Stents that are being used during heart operations.

 


The government has price controlled the Stents that are being used during heart operations. Health Minister Dr. Rajitha Senarathna who took part as the Chief Guest of foundation stone laying ceremony in three storied relic placing mansion of Vidya Ravindra Pirivena in Gampaha made this revelation there. According to the new prices, a Stent now sold at 75,000 rupees per unit is decreased to 24,000 rupees.

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A programme to generate electricity by using garbage will be held in Kerewalapitiya on Thursday.

 

The Ministry of Megapolis and Western Development has initiated a programme to generate electricity by using garbage for the first time in Sri Lanka. The programme has been named as "Nikasala-Javaya". The two projects for the construction to generate electricity using

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State Pharmaceutical Corporation reports a profit of two billion rupees annually.

Minister Rajitha Senarathne says the State Pharmaceutical Corporation reports a profit of two billion rupees annually. Therefore, the government has decided to give 70 percent increase to the employees. All the trade unions in the corporation extended their fullest support for this move.

The Minister revealed these facts joining the opening of Osu Sala branch in Piliyandala town. State Pharmaceutical Corporation is the biggest pharmaceutical seller in the country at present. The present government has reduced the prices of a large number of varieties of drugs and medical equipment. Stents for heart surgeries and lenses for cataract surgeries are provided free of charge at present. The Minister revealed that some medical trade unions who go against him have been bribed by some large scale pharmaceutical companies.

Export income has gone up.

The Central Bank of Sri Lanka says a remarkable growth observed in the export income during this year. Sri Lanka’s external sector strengthened with significant inflows to the financial account of the balance of payments with proceeds from the 11th international sovereign bond issuance and a syndicated loan facility in May 2017. These inflows resulted in an increase in gross official reserves from US dollars 5.0 billion as at end April 2017 to US dollars 6.8 billion as at end May 2017. Investor confidence in the Sri Lankan economy continued to be buoyant with continuous inflows to the government securities market and the Colombo Stock Exchange. However, the current account of the BOP demonstrated a mixed performance during May with a widening of the trade deficit and a moderation in earnings from tourism and workers’ remittances. Despite exports increasing for the third consecutive month, the higher increase in import expenditure resulted in a further expansion of the trade deficit. Overall, continuous inflows to the financial account with positive investor sentiments and a gradual rebalancing of the current account is expected to positively impact Sri Lanka’s external sector during the second half of 2017.

Value of the Sri Lankan rupee has become stable.

 

The Central Bank says the Value of the Sri Lankan rupee is getting stable. The main reason is the increase of foreign remittances and increasing demand from the foreign investors. There is much debate on whether the exchange rate should appreciate or depreciate due to its impact on economic activity.

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