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Last updateMon, 27 Feb 2017 7am

Business News

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.


1,450 metric tons of fish exported to the Europe after the removal of the ban.

The Ministry of fisheries announces that 1,450 metric tons of fish has been exported to the Europe after the removal of the ban imposed on Sri Lanka. The ministry added that high demand is witnessed for tuna fish from Europe and some other countries.


A special project to provide electricity through solar power for one million houses will commence tomorrow.

A special project to provide electricity through solar power for one million housing units will commence tomorrow. President Maithripala Sirisena will participate as the chief guest.


Discussion to improve the trade ties between Sri Lanka and USA.

Sri Lanka and USA will enter into a special agreement to strengthen the trade ties between the two nations. The Inter-Sessional meetings of the 12th United States- Sri Lanka Trade and Investment Framework Agreement to complete the work-plan under US-Sri Lanka Joint Action Plan finalised on April 28 in Washington DC opened in Colombo yesterday to further give great impetus to historic Sri Lanka-US trade ties.


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