Home / BUSINESS (page 11)

BUSINESS

Professional status for electricians

Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, is to establish an accepted professional status for electricians in the country through accrediting their qualifications and experience. The proposed mechanism was developed by PUCSL in collaboration with the Institution of Engineers Sri Lanka (IESL), Tertiary, Vocational Education Commission …

Read More »

NEC decides to lift ban on glyphosate

The National Economic Council (NEC) has decided to lift the arbitrary ban imposed on glyphosate, a widely-used weedicide, in light of overwhelming scientific consensus that the substance is not harmful to human health. “The 10-member council unanimously approved that the ban imposed on glyphosate should be lifted as it has …

Read More »

SL achieves highest ever FDI of US$ 1.63 billion in 2017

Foreign Direct Investment (FDI) into Sri Lanka has grown to over 1.63 billion US dollars in 2017, doubling the 802 million dollars achieved in the previous year.   The Board of Investment (BOI) reported that 1.63 billion dollars achieved in 2017 is the highest ever surpassing the 1.61 billion dollars …

Read More »

Power Ministry wants Rs.2.5 Bn to buy extra electricity

The Ministry of Power and Renewable Energy has submitted a Cabinet paper requesting for Rs.2.5 billion to purchase supplementary electricity from private power generating sources. Sources said the document was submitted by Minister Ranjith Siyamabalapitiya at the Cabinet meeting presided over by the President yesterday. The request for the immediate …

Read More »

Cabinet passes heavily diluted National Audit Bill

The newly ‘reshuffled’ cabinet, which met yesterday, approved the amended National Audit Draft Bill. Sources said that the bill was heavily diluted.   The bill has been amended on a number of occasions and earlier this year President Maithripala Sirisena said that the issue of the National Audit Bill delay …

Read More »