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Daily Archives: November 8, 2017

Prices of essential food items slashed

The government will sharply reduce import taxes on several food products from midnight Wednesday, the day before the government budget for next year is presented to parliament, finance minister Mangala Samaraweera said. The move is aimed at giving relief to consumers hit by recurring droughts and floods in recent months, …

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Cabinet nod to set up special High Court

Cabinet of Ministers has approved the proposal to establish a special High Court to expedite cases pertaining to crimes involving public property, money laundering, funding of terrorism, misuse of state resources and organized crime. The statement issued on Cabinet decisions reached yesterday (7) states that expediting the hearing of cases …

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Step forward in mushroom cultivation

Success of the project to promote mushroom cultivation in order to economically-strengthen rural women has been marked with the women involved organizing themselves to form an association. Sixty seven women of Ampara district, who earn a monthly income of Rs. 25,000 from mushroom cultivation, have formed an entrepreneurial body titled …

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Four Indian fishermen arrested off Delft

Sri Lanka Navy personnel attached to the Northern Naval Command, on routine patrol, apprehended 4 Indian fishermen along with a fishing trawler for poaching in the Sri Lankan territorial waters West of Delft Island in the early hours yesterday The arrested fishermen were brought to the naval base SLNS Uttara …

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Investment Otions Beyond Fixed Deposits and Savings Accounts 

The majority of Sri Lankans invest their hard earned money in banks and finance companies in the form of fixed deposits and savings products. However, there are a number of other financial instruments available for investment for retail investors which includes the following. Government securities Listed debentures Listed shares Unit …

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Circular on issuing petrol only to vehicles withdrawn

Petroleum Resources Development Minister Arjuna Ranatunga has directed relevant officials to withdraw the circular issued this morning for fuel stations to issue petrol only to vehicles, with immediate effect. Secretary to the ministry Upali Marasinghe had issued a circular to all filling stations declaring that petrol should be pumped only …

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Cannot blame LIOC for the shortage: PM

While saying that the current petrol crisis will be probed as to who caused it, Prime Minister Ranil Wickremesinghe said today he could not agree with the criticism heaped on the Lanka Indian Oil Company (LIOC) for the crisis. The Prime Minister was referring to a statement made by Chief …

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Govt presents yet another supplementary estimate for Rs 11,206 mn

Just two days ahead of the presentation of the next budget, the government yesterday submitted another supplementary estimate seeking parliamentary approval for expenses related to contingent liabilities to the tune of Rs 11,206 million during the month of September this year. According to the estimate Rs. 6,340 million is recurrent …

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