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Daily Archives: November 17, 2017

Meeting Korean company’s senior managers

A senior management team from Posco Daewoo Group has had discussions with deputy minister of petroleum Dr. Anoma Gamage on opportunities in Sri Lanka’s oil and gas sector. Led by senior executive vice president Joo Sibo, the seven-member team from the South Korean company had the meeting at the primary …

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Land Development Ordinance to be amended

The Cabinet of Ministers has given its approval to amend the Land Development Ordinance to change the methods of preparing a new grant and revising available conditions. Minister of Lands and Parliamentary reforms and Co-cabinet spokesman Gayantha Karunathilaka presented the proposal to Cabinet. According to the Cabinet paper, several new …

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Govt. plans to reduce debt to GDP ratio to 70% by 2020

The government has endeavored to reduce its debt to a risk-free and manageable level through revenue enhancement and mobilization efforts, the Finance Ministry says.   The debt to GDP ratio increased to 79.3 percent in 2016 from 77.6 percent in 2015 reflecting the debt financing of budget deficit, lower nominal …

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50,000 health employees to stage token strike

The Joint Council of Health Professionals (JCHP) yesterday issued a warning that trade unions in the health sector would resort to a token strike next week to pressure the government to rectify salary anomalies caused by a new salary structure introduced to the Railway Department.   Joint Convenor of the …

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Customs detects container of banned Glyphosate

Customs officers attached to the Cargo Examination Directorate today apprehended an illegally imported consignment of the Glyphosate, the herbicide which has been banned in Sri Lanka over fears it can cause cancer. The 20 foot container is to be opened and examined at 10.30 tomorrow (17) at the Rank Container …

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Govt has no secret detention centers: President

President Maithripala Sirisena held a discussion with the family members of missing persons at the Presidential Secretariat on Thursday (16). During this meeting, they presented their issues and demands to the President in detail, the President’s Media Division said. President Sirisena said that he has a clear understanding regarding the …

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Petroleum pricing formula from March

Deputy Treasury Secretary S.R. Attygalle yesterday assured that the pricing formula on petroleum products would be implemented by March next year. “You will have the formula for the New Year in April,” he said addressing a post budget discussion organised by the Ceylon Chamber of Commerce. The electricity formula however …

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