The Consumer Affairs Authority has announced new maximum retail prices for specific types of canned fish, effective today. This directive, issued under Section 20(5) of the Act, prohibits local manufacturers, packers, distributors and traders from selling or displaying canned fish at prices higher than the stipulated rates. The types of canned fish and their maximum retail prices (MRP) are as …
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The Ministry of Digital Economy has unveiled a specialized program aimed at boosting digital payment adoption. Deputy Minister Eranga Weeraratne informed the Daily Mirror that approximately 1% to 1.5% of the nation’s annual gross domestic product (GDP) is expended on transactions involving physical currency. He emphasized that cash-based payments can contribute to greater risks of fraud and corruption, as well as inefficiencies …
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The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka Automotive Component Manufacturers Association (SLACMA) and Technobiz Lanka, successfully conducted a two-day workshop on Dry Rubber Compounding Technology and Plant Management. The event held at the EDB headquarters, aimed to enhance the skills and knowledge of technical professionals in the rubber manufacturing industry, including those serving the …
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A press briefing on the economic stabilization process and the proposed relief packages for the public was held today (26) at the Presidential Media Center (PMC). Minister of Labor and Deputy Minister of Economic Development, Dr. Anil Jayantha Fernando, along with Deputy Minister of Finance and Planning, Dr. Harshana Suriyapperuma, attended in the briefing. The media statement released during the …
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Total exports for November 2024, including both merchandise and services, were recorded at US$ 1,269.33 million, reflecting a marginal increase of 0.04% compared to the same period in 2023. As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in November 2024 amounted to US$ 943.1 million, reflecting a 5.6% decline compared to November 2023. …
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President Anura Kumara Dissanayake expressed his gratitude to the Chinese government for its support during debt restructuring as well as in the face of the economic crisis. He stated that his appreciation extends to China’s assistance in the debt restructuring program and its provision of loans to Sri Lanka during the economic challenges. President Dissanayake made these remarks during a …
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President Anura Kumara Dissanayake has officially appointed members to the Port City Economic Commission. The official letters of appointment were handed over to the members by the Secretary to the President Dr. Nandika Sanath Kumanayake at the Presidential Secretariat today (13). Accordingly Harsha Amarasekera, President’s Counsel, has been appointed as the Chairman of the Port City Economic Commission. The other …
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President Emphasizes Strict Action against Traders Not Adhering to Controlled Rice Prices • White Rice Prices: Wholesale Rs. 215, Retail Rs. 220• Imported Nadu Rice Retail Price Set at Rs. 220• Samba Rice Prices: Wholesale Rs. 235, Retail Rs. 240• Keeri Samba Prices: Wholesale Rs. 255, Retail Rs. 260• President Inquires About Frequent Daily Price Fluctuations in Rice• Consumer Affairs …
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The World Bank has expressed its commitment to supporting the Government of Sri Lanka’s “Clean Sri Lanka” programme, as announced by World Bank Executive Director Parameswaran Iyer during a meeting with President Anura Kumara Dissanayake at the Presidential Secretariat today (04). Congratulating the President on forming the new government, Mr. Iyer affirmed that all ongoing World Bank-supported projects in Sri …
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Global lender says it will release about $333m to crisis-hit nation as signs of economic recovery emerge. The International Monetary Fund (IMF) has approved the third review of Sri Lanka’s $2.9bn bailout but warned that the South Asian island nation’s economy remains vulnerable. The global lender said on Saturday that it would release about $333m, bringing total funding to $1.3bn, …
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