Importing them has become commercially unviable Notes with concern that biggest setback is for patients The Sri Lanka Chamber of Pharmaceutical Industry (SLCPI) in a statement to media said that despite persistent appeals, the Government has failed to address the issue of a fair and proper pricing mechanism for pharmaceutical products in light of the…
A private sector think-tank says that only 8% of the government’s budget promises are progressing in line with their targets and that the pace of progress is slow, at the end of the first six months of 2018. “Further, progress on 33% of proposals are categorised as either broken, neglected or undisclosed.” “This means that…
Whilst Sri Lankan Billionaire Dhammika Perera controlled Hayleys PLC bought the remaining stake of Singer Sri Lanka taking full control of the local Singer franchise, perhaps for the first time ever in Singer’s history that local company bought the company’s global brand, block trade in Singer Sri Lanka amounting to 35,562,883 shares traded at Rs….
To boost trade within the region, SAARC is working to go hi tech. “South Asia is emerging as the one of fast-growing regions in the world and is expected to play a dynamic role in shaping the ‘Asian Century’. However the share of trade taking place between South Asian countries is only 5 percent in…
To train rural women in digital skills Jaffna, Sri Lanka, October 12, 2018: Jaffna, in Sri Lanka’s picturesque north, today saw Facebook teaming up with the #Suhuruliya initiative to promote economic empowerment of women in Sri Lanka. As part of this partnership, Facebook’s globally renowned #SheMeansBusiness programme will partner with the #Suhuruliya programme to train…
All countries passports which had been out of stock for the past several months will arrive from Indonesia by mid next month, a spokesman for the Immigration and Emigration Department said. A delay in the implementation of e-passports by the department, due to practical issues had caused a shortage of the all countries passports, he…
Sri Lanka’s economic growth is projected to recover from the effects of last year’s weather disruptions, which negatively affected agriculture, and to remain around 4 percent in the next two years, according to a World Bank report published twice-a-year covering regional economic update. The latest edition of the South Asia Economic Focus, ‘Budget Crunch’ said,…
Reuters – The Sri Lankan rupee ended 0.7 percent weaker on Monday as banks and importers bought the dollar and as stocks declined for a fifth straight session, hitting a near five-year closing low on continued foreign fund outflow. The rupee ended at 170.60/75 per dollar, compared with the previous close of 169.40/70. ** The…
FMO recently arranged a USD 50mln syndicated loan for Nations Trust Bank (NTB) in Sri Lanka. The loan supports further growth in Nations Trust Bank’s business banking activities which, for a number of years, has been strategically geared more towards small and medium enterprises and boasts a very successful track record so far. Nations Trust…
The Central Bank wishes to inform the public that several measures have been initiated and some have already been implemented, to strengthen transparency and accountability in several areas of operations of the Central Bank in line with the recommendations of the COI. In relation to the legal framework within which the Central Bank operates, measures…
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