Sri Lanka tea exports in July which stood at 25.2 million kilograms (Mnkg) dropped a sharp 6% compared to last year but is up on June quantity of 24.7 Mnkg. Exports for the period January to July which was 162.7 mnkg is however lower YoY to 2017 figure of 165.3 mnkg. US Dollar earnings for the seven month period have dipped to $ 854 million from $ 871 million last year.
The first edition of the rapid rural infrastructure investment scheme,’ Enterprise Sri Lanka’, Gamperaliya exhibition’ will be held in Moneragala District from August 29 -31 this year, said Minister of Finance and Mass Media, Mangala Samaraweera.
Sri Lanka due to the loss of its GSP+ concession in August 2010 accounted a loss of export revenues till the reinstatement of GSP+ in May 2017 to the tune of Rs 150-250 billion according to a study done by Ministry of Development Strategies & International Trade.
The government plans to increase the share of mining in GDP. Lankan graphite producers are likely to see even better times in future, said Minister of Industry and Commerce , Risath Bathiudeen, addressing an evening session themed “Intelligence in Graphite” organised by Bogala Graphite Lanka PLC, a subsidiary of GraphitKropfmuhl GmbH (part of AMG N.V.), which has mining operations in Africa and Asia recently.
Health, Nutrition and Indigenous Medicine Minister Dr. Rajitha Senaratne said the Gazette Notification announcing the price reduction of another 25 medicines, including 10 cancer drugs will be issued within the next two weeks. The Minister made this announcement addressing the council meeting of the Non Communicable Disease Unit at the Health Ministry.
Windy and showery condition is expected to reduce gradually over the island from tomorrow. Showers or thundershowers will occur at times in Central and Sabaragamuwa provinces and fairly heavy falls about 50 mm can be expected at some places.Several spells of showers will occur in Western province and in Galle and Matara districts.
The Sri Lanka Chamber of Pharmaceutical Industry (SLCPI) has called upon the government to establish a fair and transparent pricing mechanism which factors the impact of US Dollar appreciation against the Rupee, similar to pricing formulae applied on petroleum products and domestic LPG.
The Development Strategies and International Trade Ministry has come up with a draft of a ‘trade adjustment package’ to safeguard the welfare of workers and improve the competitiveness of firms to mitigate the potential negative impacts of trade liberalization. The draft paper published on Wednesday is open for stakeholder comments till August 23 and is available on the website modsit.gov.lk.
An agreement on Avoidance of Double Taxation and Prevention of Fiscal Evasion between Sri Lanka and Oman was signed during the Second Meeting of the Sri Lanka-Oman Bilateral Consultations, held on 15 August 2018 in Colombo at senior officials' level by the leaders of the respective delegations.
A special meeting to discuss ways to expedite the ‘Enterprise Sri Lanka’ loan scheme and to assist new entrepreneurs to apply for loans was held between the Finance Minister Mangala Samaraweera and the officials of the CBSL, People’s Bank, Bank of Ceylon, and Rural Development Bank yesterday at the Finance Ministry.