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Last updateMon, 18 Jun 2018 6am

Business News

Travel goods from Sri Lanka to enjoy duty free entry to the United States.

Export of travel goods from Sri Lanka will enjoy duty free entry to the United States following a decision by the United States administration to approve the inclusion of travel goods from all GSP beneficiary countries, including Sri Lanka, in the expanded US General System of Preferences (GSP) scheme on July 1, 2017.


A Measures to increase the potato production in Sri Lanka

The agricultural secretariat has taken effective measures to increase the potato production in southern province. Accordingly, the secretariat plans to promote milk potatoes in 50 acres of land in the province. 100 cultivation families will benefit from this project.

The tourism industry should attract young blood

The tourism industry which is currently facing a shortage of labour will look at a novel approach to attract young blood to the industry. The Hotel Association of Sri Lanka President Sanath Ukwatte said that it is expected to encourage more youth to join the industry and also find ways to attract more females.

The industry will be projected as a safe place to work, with equal opportunities for promotions and an attractive remuneration is paid. The industry will consider youth at skill level to train them to managerial level and make the hospitality industry a vibrant sector in the economy.

The President participates Sri Lanka and Bangladesh business forum.


Today is the final day of the President Maithripala Sirisena's state visit to Bangladesh. Presidential media director Chamuditha Samarawickrema said, that President took part in an investment Forum held in Rudison Blue Hotel in Dhaka. About 100 investors from both Sri Lanka and Bangladesh took part in the forum. Sri Lankan and Bangladesh chambers of Commerce were also represented.


The first multi-purpose sea fish breeding center opened in Batticaloa.


The first multi-purpose sea fish breeding center was opened in Batticaloa recently. This center constructed at a cost of 150 million rupees. This facility has been provided to Sri Lanka by the World Food Agricultural programme with the assistance of European Union. The activities of the breeding center are conducted


Charges for two of the dengue blood tests have been reduced.


Minister Dr. Rajitha Senaratna says the charges for two blood tests to identify dengue have been reduced. Accordingly, one test has been reduced upto 250 rupees and the other test upto 1000 rupees. The Minister said the government will take measures to regulate these charges under the Private Institute Regulatory Act. All private hospital laboratories and medical institutions have been informed regarding this.


The chairman of Sathosa T M K tennakoon says Open Market policy is the main reason for White sugar price hike.

The chairman of Sathosa T M K tennakoon says Open Market policy is the main reason for White sugar price hike. The current selling price is Rs 102/-. Mr tennakoon also observed that the sugar price in world market has gone down. A metric ton is sold in the range of 200 – 250 dollars. He also said earlier there was a tax of 30 percent imposed on sugar, but it has been reduced to 25 percent later.

Free lottery stalls to be provided for the lottery sellers in the flood affected areas.


Foreign Minister Ravi Karunanayaka says that the National Development Lotteries Board contributes vastly to the nation just because of lottery sellers dedication over the country.  So far, they were provided with lottery stalls with a compensation of 50 percent.  The Minister said in the future stalls will be provided free of charge to the lottery sellers.  He also says he intend to increase the income of lottery sellers.


CWE Chairman says its consumers should not have doubts about the quality of rice it sells to the public.

CWE Chairman T.M.K.B Thennakoon says that the rice imported by his organization is tested for its quality and they are imported under a proper scheme of checking the quality. Addressing a media briefing today Mr. Thennakoon said consumers should never have any doubt about rice sold at CWE stalls.


The Ministry of Plantations will provide compensation for the tea lands and factories damaged due to flood and landslides.


Minister Naveen Dissanayaka says speedy measures will be taken to provide compensation for the tea lands and factories damaged due to flood and landslides.  Information is being receiving regarding the severe damages to the tea plantation and the tea factories.  At a press briefing held today, paying compensation will commence next week after gathering correct information in this regard. Investigations will be conducted through Divisional Secretariat officials as soon as the bad weather pattern returns to  better.

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