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Wed04262017

Last updateWed, 26 Apr 2017 9am

Business News

Government has focused attention to establish an authority to regulate three wheel transport industry.

 

Government has focused attention to establish an authority to regulate three wheel transport industry.  Deputy Minister Ashok Abeysinghe said in the Parliament yesterday that the relevant draft bill will be presented to the parliament without delay.  Under the new Regulatory System stickers in 9 colours will be pasted on three wheelers, according to the registration of provinces.  This will help to identify the three wheelers easily and to solve the problems of the drivers and the owners.

Government pays attention on Town Beautification in the vicinity of Airports.

 

The government pays attention on beautification towns in Airport areas. Accordingly, towns will be developed with the facilities of railways, buses and shopping complexes at the vicinity of International Airports.

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10,000 self employees get loans.

 

A programme to provide loans to self employees will be initiated today in Kurunegala under the patronage of Prime Minister Ranil Wickremasinghe today. The programme is organized by the Ministry of Internal Affairs, Wayamba Development and Cultural Affairs. 10,000 beneficiaries will receive loans.

It is stressed that the budget proposals are targeted on improving the country's production and enhance economy.

Minister S.B Dissanayake says the budget proposals are targeted on improving the country's production and enhance economy.

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IMF releases another $162m to SL

The Executive Board of the International Monetary Fund has completed the first review of Sri Lanka’s economic performance under the program supported by a three-year extended arrangement under the Extended Fund Facility arrangement.

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Stern action will be taken against the pharmacies that do not comply with the reduced drug prices.

Minister Dr.Rajtiha Senarathne says  measures will be taken to seal the pharmacies that do not comply with the reduce prices. He added that prices of 48 drug varieties have been slashed. The minister noted that  prices of more drugs will be reduced in the future.

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India and Sri Lanka have agreed to set up a joint working group on Fishing activities.

India and Sri Lanka have agreed to set up a joint working group on fishing activities. Accordingly, a hot line between the coast guards of both countries have been set up to address the long standing issue of the illegal fishing in the respective sea areas.

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The government says no permission to increase the price of milk powder.

Minister Ravi Karunanayake says the government has not given permission to increase the price of  milk powder. Even though the imported milk powder is coming under VAT, there is a   price control for milk powder.

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Turkish government supports for the upliftment of the fishing sector in Sri Lanka.

Turkish government has extended its support to develop Sri Lanka's fishing industry. Turkey ambassador in Sri Lanka Tanka made this pledge when he met state minister of fisheries Dilip Wedaarachchi today at the ministry office.

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Loans at lower interest rates will be given to purchase solar power panels.

Lanka Electricity Private Company has introduced a special low interest loan scheme for the consumers who come forward to purchase solar power panels. National Savings Bank will provide the financial assistance. Accordingly, a half of the cost can be obtained as a loan at 8 percent interest rates. A maximum one million rupees will be given to the relevant consumers.

Chairman of the Lanka Electricity Private company Lal Gunasekera says the loan scheme will be implemented from next month.


Meanwhile, a mobile service for the electricity consumers in the Ampara district will be held at the Ampara technical college tomorrow. Minister Ranjith Siyambalapitiya and top officials of the electricity board and the ministry of power and energy will take part in this service.

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