Home > Corporate News Updates > HEADLINES - 1st August 2018

HEADLINES - 1st August 2018


Sri Lanka’s Vehicle Population topped 7.2 million in 2017: The Ceylon Chamber of Commerce Motor Vehicle Industry Report – Ceylon Chamber

In 2017 Sri Lanka’s motor vehicle population grew by 7% to 7.2 million. This is one of the many facts and analysis you can find in the latest edition of the annual report on the country’s motor vehicle market published by the Ceylon Chamber of Commerce. 


Prices of 25 essential drugs reduced – Daily News

Health Minister Dr.Rajitha Senaratne yesterday said that the prices of 25 essential drugs would be reduced with immediate effect. He said that prices of several drugs for diabetes, prostrate ailments, ashma, respiratory diseases, neurological disorders, antibiotics and painkillers would be reduced immediately.


Import tax on wheat flour to discourage consumption – Daily News

The government will introduce an extra import tax on wheat flour to discourage its consumption, if there is a surplus paddy production this season, Agriculture Minister Mahinda Amaraweera said.


Advanced automated taxation system - a South Korean example – Daily News

Sri Lankan and South Korean officials have finalized policy recommendations and a framework to develop the future Colombo Municipal Council (CMC) tax administration system by capitalizing the experiences of the advanced tax information system in Seoul, South Korea.


Schools vacation begins on Friday – Daily Mirror

The Education Ministry today announced that all the Government and Government-assisted private schools would end their second term for 2018 on  Friday (August 3).


Over 12,000 health camps, 5,000 export villages – Daily News

The Social Welfare and Primary Industries Ministry will commemorate the third anniversary of the government on August 15 by conducting 12,000 health camps and building 5,000 export villages during the ensuing year.


Rs 22mn worth solar panels installed on Ministry roofs – Ceylon Today

The Ministry of Public Administration and Management, and Law and Order entered into the solar power revolution by installing Rs 22 million worth solar power panel systems on the roofs of Ministry buildings.


RDA to launch project to make Southern Expressway 'greener' – Ceylon Today

The Road Development Authority (RDA) has decided to commence a Roadside Landscaping Programme to recreate the forest cover which was destroyed when constructing the Southern Expressway and to ensure the safety of the drivers travelling on the Southern Highway.


Sinharaja at risk of losing UNESCO heritage status – Ceylon Today

The Sinharaja has become a paradise for the timber mafia, illegal gem mining and bio piracy and the United Nations Educational, Scientific and Cultural Organization (UNESCO) world heritage rainforest site is under risk, environmentalist and Executive Director of the Centre for Environmental and Nature Studies (CENS), Dr. Ravindra Kariyawasam claimed.


Megapolis Ministry to consult private sector on logistics hub – DailyFT

The Megapolis and Western Development Ministry will next week consult all stakeholders, including professional bodies, on their views regarding a port-related logistics hub and proposed logistics park in Welisara. 


SLAMERP organises rubber testing workshop with Rubber Research Institute, Export Development Board – DailyFT

The Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) represents the manufacturers and exporters of rubber products in Sri Lanka, an industry with a history of over 100 years in exporting sophisticated rubber products to international markets.


COMPLAST Sri Lanka 2018 at BMICH from 10-12 August – DailyFT

COMPLAST Sri Lanka 2018, the complete plastics exhibition in its fifth edition, together with its organisers Smart Expos & Fairs India Ltd., The Plastics & Rubber Institute of Sri Lanka (PRISL) organised a regional launch session in Galle recently under the patronage of Galle District Secretary Somarathna Vidanapathrana. 


Trade between Germany-SL grows by 40% in 3 years – ambassador Rohde – The Island

Bilateral trade between Germany and Sri Lanka has grown steadily by 40% during the last three years and Germany was optimistic of Sri Lanka’s further potential, ambassador of Germany to Sri Lanka Jörn Rohde said recently.


Iranian Foreign Minister discusses expanding bilateral ties with President – DailyFT

Iranian Foreign Minister Mohammad Javad Zarif, who arrived in Colombo on Tuesday on an official visit, called on Sri Lankan President Maithripala Sirisena to examine the expansion of bilateral relations.


Top Aussie tourism expert urges SL to build ‘one voice’ to succeed – DailyFT

“Sri Lanka Tourism Strategic Plan 2017-2020 is an all-encompassing manifesto, but underpinning the success of any systemic reform is the implementation of an effective and efficient governance model. The Government has committed to the plan and it’s time that some brave decisions are taken to promote the destination with one voice,” Tourism Australia Former Deputy Chair Andrew Fairley said, addressing a public lecture in Colombo recently.


SL visa scam in NZ revealed, but no review of past applications – The Island

Hundreds of students from Sri Lanka could be in New Zealand illegally, while officials do what they can to investigate claims of a major scam involving student visa applications from Sri Lanka, Radio New Zealand said it on its official website yesterday.


Single window for investments in Sri Lanka higher education proposed – EconomyNext

Sri Lanka's National Human Resources Development Council is proposing a single-window or one stop shop to attract foreign direct investments to set up private universities and training institutions, but not private medical schools, officials said.


Rs. 300 m from India for Madhu pilgrims’ transit accommodation – DailyFT

A Memorandum of Understanding was signed today for the construction of transit accommodation for pilgrims at the Madhu shrine, under an Indian grant of Rs. 300 million, at the Indian High Commission by High Commissioner Taranjit Singh Sandhn and Tourism Development and Christian Religious Affairs Ministry Secretary Esala Weerakoon.


Sri Lanka inflation accelerates to 5.4-pct in July – EconomyNext

Sri Lanka's 12-month inflation accelerated to 5.4 percent in July 2018, up from 4.4 percent in June, with prices rising 0.3 percent in the month, data from the state information office showed.


Appreciation of Nestle shares helps stock – The Island

Both indices at the Colombo Stock Exchange (CSE) moved -up marginally due to an appreciation of Nestle shares by 2,91 percent, market sources said. It is reported that 22,000 Nestle shares traded and its per share value had appreciated from  Rs. 1701.10 to Rs. 1801.00 at the end of the day. This transaction helped to raise both indices marginally. According to market sources, the All Share Price Index moved up by 18.3 points and S and P SL20 by 0.9 points.


Bond yields decrease further ahead of weekly bill auction – DailyFT

Activity in the secondary bond market picked up considerably yesterday as yields decreased on the back of considerable buying interest, ahead of the weekly Treasury bill auction due today.


Disclaimer: All information provided here is derived from sources which we consider reliable, and is intended for information purposes only. The hyperlinks are to other websites owned/operated by third parties, which we have not reviewed, therefore we are not responsible for their content or accuracy. The inclusion of hyperlinks does not imply that we endorse the linked site.


Leave a Comment