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Last updateTue, 17 Dec 2019 9am

Business News

Strawberry cultivations successful in the Welimada area.

The cultivation of strawberries is being reported successful in the Welimada area.

Harvesting is taking place these days.

Strawberries are mostly grown in the Idalgashinna, Ohiya, Ragan Gala, Boragas and Welimada areas.

The cultivators say, they are benefitting from a good price offered by the market, and the produce is being aimed at supermarkets and tourists visiting the country.
A kilo of strawberries is being sold between 300 and 500 rupees, these days.

The production of essential foods stuff locally with focus is now underway

The Ministry of Industries and Commerce says consumers will be provided with essential commodities at concessionary prices from the Cooperatives and CWE outlets.

Directress of the Ministry Indika Ranathunga says there will be no change to the prices despite an increasing importation cost. She adds that the Cost of Living Committee will meet every week to review and control the commodity prices.

Public Private Partnership model proposed for the Hotel Trade

Prime Minister Ranil Wickremesinghe, participating at the inauguration of the Hotel Show Colombo 2018, suggested converting the hotel school into a Public Private Partnership, with a foreign organisation.
The Sri Lanka Institute of Tourism & Hospitality Management, more commonly known as the Ceylon Hotel School, is the only state-owned hospitality training organization.
The hotel trade has estimated 100,000 new vacancies to be available in the country over the next three years. However, the current hotel schools train only 10,000 workers annually.
The Premier said, three more hotel schools will be opened outside Colombo in a Public Private Partnership model.
He explained, The Youth Ministry is prepared to do a Public Private Partnership with the Hotel Trade, for two more hotel schools; one down South and one in Kandy, and if they succeed, there will be one more school in the East.

A special discussion on protecting the local fruit cultivators was held with the participation of the President.

A special discussion on protecting the local fruit cultivators was held yesterday under the patronage of President Maithripala Sirisena.  The discussion focused on reducing the volume of imported fruits. Thereby a special drive will be initiated to increase the local fruit production to meet the market requirements. The discussion also analysed deeply on the ways and means to promote the fruit production in the country. The problems faced by the fruit cultivators also focused during this discussion. The President instructed the relevant officials to provide necessary facilities and technology to the fruit cultivators to improve the production.

Sri Lanka Economic Summit 2018

The country's foremost economic event - "Sri Lanka Economic Summit 2018", organized by the Ceylon Chamber of Commerce, is to take place on 12th - 14th September at Cinnamon Grand Colombo. The theme for this year's Economic Summit is "On the Fast Track to a Turnaround".
Sri Lanka's economy is once again at a crucial juncture in need of a swift and well strategized turnaround to bring about economic stability and development. This is in the backdrop of weak local economic growth, rising global commodity prices and uncertainty in global trade.

The price of kerosene will be reduced from tomorrow


State Minister Dilip Wedaarachchi said that the price of kerosene will be reduced by Rs. 25 to Rs. 30 per litre with effect from tomorrow. Accordingly, the price of kerosene has been brought down to Rs 70- 80 per liter from the current price of Rs 101 per liter. This step has been taken under the request of the Fisheries and Aquatic Resources Ministry, to provide relief for the fisher-folk and low income families

Sathosa signs MoU with the USAID

Lanka Sathosa signed a Memorandum of Understanding with the US Agency for International Development yesterday, launching an agency funded project titled: 'YouLead', designed to help ensure the retail network achieves its ambitious targets.


Facebook’s global program: ‘Boost Your Business’ now available in Sri Lanka.

Facebook’s global program: ‘Boost Your Business’ is now available for the youth and entrepreneurs of Sri Lanka.
Facebook has partnered with the Information and Communication Technology Agency of Sri Lanka to train 10,000 small business owners across the country, by the end of 2018. In the first phase, the programmed will cover Colombo, Galle, Kandy and Jaffna.
The inaugural ‘Boost Your Business’ workshop to be organized in Colombo tomorrow, will orient, teach and train entrepreneurs on the effective use of Facebook to grow and monetize their businesses online.
‘Boost Your Business’ will complement the 'SMART Social Circles initiative' by the Information and Communication Technology Agency to promote digital literacy, and foster ethical and responsible use of social media.

Sufficient stocks of dates to be made available during the Ramazan Fasting Period.

Upon a request made by Minister of Muslim Religious Affairs: M H A Haleem and State Minister of National Unity and Reconciliation: A H M Fowzie, Prime Minister Ranil Wickramasignhe has instructed for dates to be made sufficiently available during the Ramazan Fasting Period.

Dates are distributed at mosques during the Ramazan season. Last year steps were taken to distribute 150 tonnes of dates gifted by Saudi Arabia, while Sathosa distributed another 150 tonnes. Since the dates harvest in Saudi Arabia is less this year, instructions have been given to the chairman of Sathosa and to officials of the Finance Ministry to get down sufficient stocks of dates from the Middle East. The premier has invited Cargills and other private sector distribution lines to support in the distribution of dates.

A price control to take effect for Cancer Drugs, within the next few days


A price control is to take effect for Cancer drugs within the next few days. Minister of Health Dr. Rajitha Senarathna says, a price control will also be enforced on certain charges at private hospitals. Speaking to the Subharathi Discussion Programme aired over the SLBC he said, although the ceiling for cancer treatment per patient was 1.5 million rupees, now that limitation has been removed. He pointed out, cancer related deaths were mainly not due to the disease, but due to the unaffordability of drugs.

Also joining in the discussion, Director of the Apeksha Hospital: Dr Wilfred Kumarasiri said, although it was needed to bring many documents when cancer patients needed to obtain vaccines, now such requirements have been relaxed. He pointed out, now treatment is provided without any financial restrictions. He added, 1.6 billion rupees was spent for vaccines during the past few years. Last year the cost was 2.5 billion rupees

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