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Last updateTue, 16 Jan 2018 8pm

Business News

The 2,500 salary increase will be given to the private sector employees as well.


Minister W.D.J Senevirathne says the 2,500 salary increase approved by the budget will be given to the private sector employees as well. The government has instructed the private employers to grant this allowance to their employees. If any employer fails to do this stern legal action will be taken against them. The Ministry of Labour has already appointed a committee to look in to this matter. It has already received about 400 complains regarding such private institutions.

Sri Lanka’s economy has shown a 4.1 percent growth in the 3rd quarter of this year.

The Central Bank says the Sri Lankan economy is estimated to have grown by 4.1 per cent during the third quarter of 2016 compared to the growth of 5.6 per cent in the corresponding period of the previous year. Services activities grew by 4.7 per cent, while Industry activities grew notably by 6.8 per cent during this period.


Providing of fertilizer subsidy to farmers for the Maha season to conclude today

Additional Secretary to the Ministry of Agriculture Vijitha Chandra Piyathilleka says releasing of money under the fertilizer subsidy programme to the farmers for the cultivation activities of Maha Season will conclude today. Money had been deposited in bank accounts of farmers of 18 districts by yesterday.


13,500 factories which cause air pollution have been identified.


Air Resources Management Unit Central Environmental Authority says that it has identified 13,500 factories which cause air pollution. Director of the Unit L.P Jayasuriya says that specifications will be arranged for those factories to reduce the harmful gas emissions. The local government bodies have been given the authority of issue the relevant environmental certificates and licenses for the small and medium scale industrialists. 

20,000 high breed milking cows will be imported from Australia.


Minister of Rural Economic Affairs P Harrison says 20,000 high breed milch cows will be imported from Australia to make the country self-sufficient with local liquid milk. The government aims to achieve this target by 2020. At a ceremony held in Gannoruwa yesterday to distribute appointment letters to 120 Veterinary Surgeons, the Minister said an agreement has already been signed to obtain 5000 milking cows from France. These cows will be distributed among the farmers in Kandy, Nuwara Eliya,


The objective of the government is to make the Hambanthota port an income generating enterprise with support of a Chinese company.

Minister of Development Strategy Malik Samarawickrema says the government has to utilize correct and timely long terms strategies to liberate the country from the economic crisis. It should achieve economic development on a correct path.


Sri Lankan crowned as “World's Leading Airline Operating to Indian Ocean"

Sri Lankan Airlines has been crowned as the “World's Leading Airline Operating to the Indian Ocean Region in 2016” at the prestigious 23rd annual World Travel Awards held last week in Maldives. Sri Lankan Airlines completed the launch of services to 11 more cities around the Indian Ocean.

Just a few weeks ago Sri Lankan received the title of “Best Full Service Airline in Central and South Asia” for the second consecutive year at the Future Travel Experience Asia Awards 2016 in Singapore.

Government bans the drunken fishermen from fishing activities.

Government bans the drunken fishermen from fishing activities. The State Minister for Fisheries and Aqua Culture Development Dilip Wedaarachchi made these remarks at a media conference held recently. Minister further noted that there were many disasters occurred in the past by drunken fishermen.


The JHU says people should go against the private bus mafia.


The Jathika Hela Urumaya says time has come to the people to voice their opposition against the private bus mafia. Provincial councilor of the JHU Nishantha Sri Warnasinghe says it is clear that a political hand is behind the private bus strike. At the discussion held with the President yesterday, representatives of many private bus associations have admitted that they have been misled by false information spread by some politically motivated groups. It has been revealed that defeated and bankrupted political elements are behind the attacked unleashed against the SLTB busses and trains. Stern legal action should be taken against the culprits who attempted to sabotage the public transport services during the strike. 128 busses were damaged by the attacks and 28 people sustained injuries. The provincial councilor Warnasinghe said that the JHU is ready to provide legal aid to the passengers and drivers who suffered injuries by these attacks.

Government has focused attention to establish an authority to regulate three wheel transport industry.


Government has focused attention to establish an authority to regulate three wheel transport industry.  Deputy Minister Ashok Abeysinghe said in the Parliament yesterday that the relevant draft bill will be presented to the parliament without delay.  Under the new Regulatory System stickers in 9 colours will be pasted on three wheelers, according to the registration of provinces.  This will help to identify the three wheelers easily and to solve the problems of the drivers and the owners.

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