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
Thailand and Sri Lanka yesterday came to an agreement to establish a separate zone for Thai investors and industrialists and promote tourism through bilateral cooperation in Sri Lanka. The two countries came to this agreement when visiting Thai Prime Minister Prayut Chan-o-cha called on his Sri Lankan counterpart Prime Minister Ranil Wickremesinghe at Temple Trees yesterday morning.
Issuing a communique on releasing Index of Industrial Production (IIP) IIP for the month of May, 2018 Director General of DCS, Dr. A.J. Satharasinghe stated that the IIP; the volume of industrial production has increased by 2.0% in the month of May, 2018 compared to the same month in 2017. IIP reported for the month of May 2018 and 2017 were 105.7 and 103.7 respectively.
The Ministry of Agriculture has decided to develop all tanks that have been abandoned without being utilized under the program "Thousand Tanks - Thousands Villages" program. The massive program to redevelop 1000 tanks commenced yesterday (12th) at the Galkadawala tank bund at Maha Giriulla in Nikaweratiya under the patronage of the Minister of Agriculture Mahinda Amaraweera and Deputy Minister Indika Bandaranayake.
The Central Province Action Committee of the Grama Shakthi People’s Movement met under the patronage of President Maithripala Sirisena at the President’s House in Kandy, Wends day (11th) and during this meeting several agreements were signed in this regard.
Subsequent to the signing of the Singapore-Sri Lanka Free Trade Agreement (FTA) there is already interest among Singaporean investors to invest in services and manufacturing in Sri Lanka and this FTA can catalyze more, Minister of Development Strategies and International Trade Malik Samarawickrama said.
He was speaking at the Outreach Seminar on Tuesday in Singapore. “There is also much potential for diversification of exports through the trade-investment nexus that this agreement encourages, as well as new JV opportunities for Sri Lankan companies.”
The investment chapter will give a strong signal to prospective Singaporean investors – it gives protection to investors, predictability and transparency, protection, national treatment and many provisions to attract investors. The Agreement provides a binding commitment and framework which we didn’t have earlier. “We are particularly keen to have Singaporean companies partner with our Sri Lankan companies to create new business ventures.”
The final report on the census on the Public and Semi-Government Sector Employment, conducted by the Department of Census and Statistics on the 17th of November 2016, was released on the 9th of July 2018 at the Auditorium of the Department of Census and Statistics. The first copy of this report was presented to the Chief Guest of the event, Secretary of the Ministry of National Policies and Economic Affairs, Mr. K D S Ruwanchandra, by the Director General of the Department of Census and Statistics, Dr. Amara Satharasinghe.
The first scientifically conducted census on the Employment of the Public and Semi-Government Sector was held in 1980, followed by Censuses in 1985, 1990, 1994, 1998, 2002, 2006, and 2016. Even though this census has been conducted by the Ministry of Public Administration even before 1980, it has only been a head count based on payroll information of the employment in the Public Sector.
According to the current census, 1,109,475 people excluding the uniformed staff of the Sri Lankan Army, Sri Lanka Navy and Sri Lanka Air Force have been employed in the Public and SemiGovernment Sectors as of 17th November 2016. Among these employees, 65.3% hold positions in the Central Government and 34.7% hold positions in the Provincial Councils. Of all employees enumerated above , 485,471 belong to the Public Sector of the Central Government, 380,198 to the Public Sector of the Provincial Councils and 243,806 to the Semi-Government Sector of both Central and Provincial Governments.
Singaporean Prime Minister Lee Hsien Loong said he will take steps to increase the opportunities for investment through the Free Trade Agreement (FTA) between Sri Lanka and Singapore.Prime Minister Ranil Wickremesinghe and the official Sri Lankan delegation were hosted for lunch by his Singaporean counterpart yesterday. The Singaporean Prime Minister further said that through the FTA opportunities would also open up for investors who are currently investing in Singapore to also invest in Sri Lanka.
Officials of the Asian Development Bank met the Minister of Plantation Industries and informed him of their commitment to fund the rehabilitation and development of the tea sector of the plantation industry.