Sri Lanka's manufacturing sector slowed down in June 2018, compared to the previous month, while the Services Sector expanded albeit slowly, the Central Bank's Purchasing Managers' Index (PMI) Survey released for the month showed. According to the survey, the Manufacturing PMI decreased to 57.6 index points in June 2018 from 60.6 index points observed in the previous month and was in line with the pattern observed in the previous years.
The government will provide a comprehensive trade adjustment package to those who are likely to be affected by Free Trade Agreements, Development Strategies and International Trade Minister Malik Samarawickreme said yesterday. The trade adjustment package will cover new machinery and technology and skills retraining, he explained. Minister Samarawickreme made these observations joining the adjournment debate on the Sri Lanka Singapore Free Trade Agreement (SLSFTA) yesterday.
Anyone who has a telephone or computer with internet facilities can now use the SLTB Express app from home to buy a ticket for an SLTB long-distance bus starting from the Pettah Central Bus Stand. Commuters can also use this facility to reserve a seat of their choice, Transport and Civil Aviation Minister Nimal Siripala De Silva said.
Minister of Finance and Mass Media, Mangala Samaraweera yesterday, reiterated that the government is committed to create an economy where citizens are able to take their economic destiny into their own hands without relying on state benefits or handouts from cradle to the grave.
“The government is committed to increasing and enhancing education policy and the commitment is reflected in two main initiatives; the 13 years of education program and the budget proposals for a public private partnership model for child care facilities,” the Minister noted.
The Minister made these views at the Sri Lanka Early Childhood Development (ECD) High Level Meeting under the theme, ‘Building Brains, Building Futures’ in Colombo yesterday. Speaking further he said, “The 13 years of education program aims at adopting proper school curriculum system to enhance the different types of skills children have and also to adequately respond to the needs of the labor market.”
Accordingly he said, it is important to modify the school curriculum to enhance technical skills of children as well as to better exploit their full potential. “In that sense, ECD is a perfect complement to really achieve the proposed goals in the education front.”
The Government has expedited research work towards producing a more environment friendly weedicide to replace the glyphosate chemical. It has also decided to phase out the use of glyphosate which has been permitted in respect of tea and rubber plantations within the next three years and introduce the new environment friendly weedicide found through research, in its place.
Finance and Media Minister Mangala Samaraweera said the biggest development project started recently by the Government is the Gamperaliya massive development programme.Samaraweera made these remarks while addressing the inaugural ceremony to launch the Gamperaliya program on Madatta Tank bund at Nikaweratiya yesterday.
He said that he is happy to begin this massive development programme which covers the entire countryThe Minister said the Treasury had allocated Rs 80,000 million for this programme. Projects coming under the Gamperaliya programme will be completed in the next five months.
The Minister said that it had been planned to renovate over 4,000 rural tanks to boost the contribution of the agricultural sector to the economy from the current seven to eight per cent of the GDP, to a much higher level.
Sri Lanka's Minister of Finance and Mass Media Mangala Samaraweera says law will be strictly enforced against errant traders who are raising prices of essential items arbitrarily. He said the government has decided to strictly enforce the law against traders who use the revision of fuel prices as a justification to raise prices of essential items and services.
Prime Minister Ranil Wickremasinghe said the rural community will receive more money through the Gamperaliya and Enterprise Sri Lanka programmes. These programmes will pave the way for strengthening the rural economy since villagers will receive more money through the Gamperaliya and Enterprise Sri Lanka programmes, he said.
The public sector plays an indispensable role world over in dispensing welfare and essential services that contribute to the economic growth of countries. Institutions in this sector under the preview of the Government provide a wide array of services from education to infrastructure facilities such as roads and highway construction.
Government announced that it is moving the centuries old folk medicines system for protection under Geneva's well-known "Traditional Knowledge" regime. Minister of Industry and Commerce Rishad Bathiudeen revealed that Sri Lanka is working with Geneva's World Intellectual Property Organization (WIPO) in the last five years to introduce intellectual property support to the country's traditional, indigenous medicine system