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Mon02272017

Last updateMon, 27 Feb 2017 7am

Business News

Cyprus government is to setup an inter ministerial committee to look into the possibilities of salary increases for Sri Lankan workers.

Cyprus government is to setup an inter-ministerial committee to look into the possibilities of salary increases for Sri Lankan workers working at present in Cypress. This decision has been taken following a request made by Minister Thalatha Athukorala from the Minister of Labour and Social Welfare Mrs. Sheta Emilianidou.

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Central Bank releases summary trading statistics on Government Securities

 

As a further policy measure to develop the government securities market, the Central Bank from
today has commenced releasing summary trading statistics on actual trading of government
securities in the secondary market. From August 1, 2016, all primary dealers have been required to
undertake inter-primary dealer trades in the trading platform arranged by the Central Bank through
the Bloomberg which is a major international financial trading and information electronic platform.
Further, all primary dealers will report all outright sales of government securities of value in excess
of Rs. 50 mn to investors to this platform within 30 minutes of each transaction.

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Sri Lanka holds an international conference on Asian Food Production.

Sri Lanka holds an international conference on food production in the next decade in Asia.

Around 60 delegates of 12 countries attend the conference. The gathering, which commenced yesterday at Negambo, continues until Friday.

Additional secretary of the ministry of agriculture Dr. Suba Heenkenda told that Sri Lanka has been chosen to host the conference for its popularity in growing vegetables, fruits and paddy.

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A national policy to control alcohol.


The national policy on alcohol control will be unveiled tomorrow. It will be officially declared at the 2016 national alcohol conference scheduled to commence in Colombo tomorrow. The national policy includes measures to prevent all forms of activities that promote liquor production and to safeguard all people from alcohol at the residences and places of work.

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World famous children's nutrition supplement PediaSure introduced to the SL markets.

The sole agent for Abbott Nutrition for Sri Lanka, the CIC Holdings has announced the introduction of PediaSure,
a world renowned children's nutrition supplement to the Sri Lankan markets.

It has been introduced in a new packaging line, at a special price. Launched under the theme "Designed For Value", PediaSure new packing line offers consumers value for money in one kilo and 400 grams cartons. It provides complete, balanced nutrition for children from ages 1 to 10, the years that are most crucial to a child's growth and mind development.

Asian Alliance tops at the Insurance Awards.

The Asian Alliance Insurance Company has been able to win four Excellent Awards at the Insurance Awards ceremony held recently. They were presented to the company for having the best Insurance Agency Net Work, best life insurance policy and for using modern technology for insurance.

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Minister Arjuna Ranathunga says the Sea Freighters Association contributes a lot for the development of import - export sector.

 

Minister Arjuna Ranathunga says the Sea Freighters Association contributes a lot for the development of import - export sector in Sri Lanka. Therefore, the government is committed to provide required facilities for the security and promotion of ship owners.

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Pakistan assures continues support for HR & Entrepreneurship development in SL.

The Pakistani government has assured its continuous support for Sri Lanka's human resource and entrepreneurship development. Pakistani High Commissioner Syed Shakeel Hussein stated this while joining the ceremony held recently, to declare open IT laboratory of the Federation of Commerce and Industry of Sri Lanka. It is a donation of the Pakistani government. The laboratory is equipped with 15 desktop computers and 5 laptops.

A proposal to increase taxes on cigarette industry to 90 percent.

Minister Dr.Rajitha Senarathne says the government will enhance its commitment to discourage smoking and other causes for non-communicable diseases. He added that a memorandum will brought to the cabinet to increase tax imposed on the cigarette industry by 90 percent.

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Minister Kabir Hashim says that a major restructuring is in process to make Sri Lankan Airlines a profit making venture.

Minister Kabir Hashim says that a major restructuring is in process to make Sri Lankan Airlines a profit making venture. The national carrier incurred heavy losses due to mismanagement of previous regime, the minister added. He was speaking at press briefing held today at the Ministry of Public Enterprises Development.

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