Sri Lanka Brodcasting Corporation


Last updateFri, 26 May 2017 7pm

Business News

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.

Drug Traders support new drug prices.

The All Island Private Pharmacy Owners Association and Sri Lanka Drug Traders' Association have extended their fullest support to reducing prices of 48 drug varieties. They expressed their views at a meeting which was held under the patronage of Chairman of the National Drug Regulatory Authority Prof.Asitha de Silva and Chief Executive Officer Dr.Kamal Jayasinghe following the issuance of gazette notification regarding the reducing drug prices.


The gazette notification pertaining to controlling drug prices will be issued at Friday midnight.

Minister Dr. Rajitha Senarathne says the gazette notification pertaining to controlling drug prices will be issued at Friday midnight. He added that prices of 48 varieties will be slashed under the new policy. The minister was speaking at a media briefing held in Colombo today


CBSL says performance of the External Sector has developed

The Central Bank says the external sector performance improved in July this year with a reduction of the trade deficit, increased tourist earnings and higher inflows to the financial account. The inflows to the financial account strengthened with the proceeds of 1500 million dollars from the issuance of the 10th International Sovereign Bond, 300 million dollars from the Syndicated Loan facility and net inflows recorded in the government securities market and the Colombo Stock Exchange easing the pressure on the balance of payments.


Osu Sala outlets to be established throughout the island

Minister Rajitha Senarathne says effective steps have been taken to establish Osu Sala outlets covering every part of the island. There 30 Osu Sala outlets available at present. These outlets provide medicines to the general public at a nominal rate. A new Osu Sala outlet was declared open in Kandy recently.


Discussions held to share electricity surplus of SL with regional countries

Attention has been focused on sharing electricity surplus with regional countries which is to be generated using renewable energy sources. Executive Secretary of the United Nations Economic and Social Commission for Asia and Pacific Dr. Shamshad Akhtar discussed the matter when she met Minister Ranjith Siyambalapitiya in Colombo recently


Samsung permanently stops Galaxy Note 7 production

South Korean tech giant Samsung has permanently ceased production of its high-end Galaxy Note 7 smartphones after reports of devices it had deemed safe catching fire.


Japan has granted a sum of over 46 billion rupees to accelerate development in the country.

Japan International Cooperation Agency has come forward to grant a sum of over 46 billion rupees to accelerate development activities in the country during the next five years. The funds will be utilized to streamline management in the state sector and make the state institutions competitive with private sector institutes.


Measures to increase income from the gem exports.

The National Gem and Jewelry Authority announces that it will target to increase the annual foreign exchange income of the country generated by exporting gems to 2 billion dollars. Annual income of 0.78 billion us dollars is earned by the country at present.


Two foreign companies will invest about 10 million US dollars in manufacturing drugs in Sri Lanka.


Two foreign companies have signed relevant agreements to manufacture drugs and pharmaceuticals for the needs of Sri Lanka within the island. Representatives of Russian and Indian companies signed the agreements with local authorities for investments worth 10 million US dollars.  


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