Sri Lanka Brodcasting Corporation

Sun02262017

Last updateSun, 26 Feb 2017 7am

Business News

The health authorities will monitor the concessions given to eye lenses .

 

The prices of 38 varieties of eye lenses have been regulated and as a result the prices have been reduced in large scales, offering a huge relief to the people. The price of the entire package of eye lens has been reduced. Accordingly, it is expected that the prices of eye surgeries too will go down. The sleuths of the national drug regulatory authority will monitor the new price level.
The full price reduction list is available in a Gazette Notification and would be published through media for the benefit of the public. The prices were regulated with the participation of all stake holders.
According to Minister Dr. Rajitha Senaratne, arrangements would be made to regulate the prices of the rest of the drugs, medical devices, private hospitals, all laboratory tests in the private sector, etc for the benefit of the people. Health is not only a profit making business, it is a service. Various problems had occurred when the decades long procedure changed. It is unavoidable. But the people were benefited. Minister Dr. Senaratne pointed out that various internal and external pressures were put on him when he reduced the prices of 48 drugs and it was same when the prices of eye lenses were reduced.

1.3 million metric tons of paddy harvest is expected in the Maha season.

The Department of Agriculture announces that only 491,000 hectares of land has been ploughed during the Maha season. The authorities aim to harvest around 800,000 hectares in the season.

Read more...

The government has no intention to privatize the Railway Department or making it an authority.

 

Minister Nimal Siripala de Silva says the government has no intention to privatize the Railway Department or making it an authority. He added that the government’s only vision to provide a high quality service to the general public. The Ministry of Transport has taken measures to increase the number of railway passengers. Currently 8 percent of the total passengers use the railway service.
Steps have been taken to import train compartments and engines. Minister Nimal Siripala de Silva was speaking at the opening of the renovation process of the Kalutara-South to Payagala railway line. The government expects to spend 762 million rupees for the project.

Sri Lanka – China free trade agreement will be signed within this year.

 

Sri Lankan ambassador to China Karunasena Kodithuwakku says Sri Lanka – China free trade agreement will be signed within this year. Addressing the Independence Day celebrations in Beijing he said this agreement will further strengthen the long relationship between the two states. Prime Minister Ranil Wickremasinghe is also scheduled to visit China in May.

Dr. Harsha De Silva said that the government’s intention to promote an Indian Ocean order

Deputy Foreign Affairs Minister Dr. Harsha De Silva said that the government’s intention to promote an Indian Ocean order with rules based navigation freedom and overfly across the Indian ocean, will influence Sri Lanka to provide maritime security services and coordination in the region.

Read more...

Price of eye lenses is expected to be reduced next week

 

Price of eye lenses is expected to be reduced next week and the National Drug Regulatory Board has initiated a program to implement the policy decision. According to Health Minister Dr. Rajitha Senarathne an eye lens imported from India for 6,000 Rupees is sold in Sri Lanka at a price of 25,000 Rupees – 30,000 Rupees. He said that there is an eye lens racket is Sri Lanka. Meanwhile, a program to provide eye lenses free of charge to the patients coming for eye surgeries at government hospitals is also being implanted. The Health Ministry under the directions of Health Minister has also taken steps to import one hundred thousand eye lenses. Under this program, the minister has also taken steps to provide financial grants to the directors of Hospitals to buy eye lenses locally if any shortage takes place. The ministry has also issued the circular in this regard.

Coca Cola is ready to develop Sri Lanka as a production hub in the region.

The President and the Executive Vice President of Coca Cola Company Asia Pacific Group met Finance Minister Ravi Karunanayake in Colombo at the weekend.

Read more...

The agreements pertaining to the Hambantota investment zone will be signed on Saturday.

 

Co-Cabinet spokesman Minister Rajitha Senaratne says pertaining to the Hambantota investment zone will be signed on Saturday. The cabinet has given already given approval to a BOI agreement under 99 year lease with a Chinese company.

Read more...

Foundation stone for the Volkswagen factory in Kuliyapitiya will be laid this afternoon by the president.

 

Proving a pledge given by the unison government, a Volkswagen motor car manufacturing factory will be opened in Sri Lanka. It will be established in 50 acre land plot at Labuyaya in Kuliyapitiya. Laying of foundation stone for the factory will be held under the patronage of President Maitripala Sirisena this evening. This factory was an idea of Prime Minister Ranil Wickremasinghe. Volkswagen AG’s local joint venture partner is Senok Automobiles and the total investment will be 26.5 million dollars. Out of this 21.5 million dollars will be invested in fixed assets within a period of 24 months, the Board of Investment said. The company will initially assemble vehicles in the 1000cc to 2000cc category and these vehicles will be diesel powered and include passenger cars, Sport Utility Vehicles, Multi Utility Vehicles or commercial vehicles. The agreement to assemble cars was signed by BOI Chairman Upul Jayasuriya and Senok Automombiles Chairman Noel Selvanayagam in April 2015. The uniqueness of the project in addition to bringing investor confidence for Sri Lanka and FDI’s it will also bring in advanced German automobile technology into the country and create job opportunities for the local youth.” Volkswagen, the second largest car maker in the world had strived since 2008 to start up a business to manufacture cars in Sri Lanka for export, but did not succeed for various reasons. But the efforts made by the relevant authorities have become fruitful during the present government’s rule.

The World Bank and Asian Development Bank will support new development projects this year.

Minister Rauff Hakeem says special attention will be focused to alleviate poverty in Sri Lanka in the New Year. Priority will be given to stop wastage and corruption.

Read more...

Local News

 

Foreign News