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BUSINESS

Cabinet approves Air Transport Bill

The Air Transport Bill which will give effect to the Montreal Conventions and deals with conforming to international standards and rules on international carriage of passengers, baggage and cargo was approved by the Cabinet. The Montreal Convention which has been ratified by 112 countries protects the interests of passengers by …

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Government cuts state land lease rentals for agriculture

Sri Lanka has cut the lease rentals charged on state land released for commercial agriculture, Lands Minister Gayantha Karunathilake said. Though concessions were given for state land released for housing and industry, land released for commercial agriculture is charged a higher rate, he said. Under concessions approved by the cabinet …

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inflation down

Issuing National Consumer Price Index (NCPI), for the month of January 2018, Dr. Amara Satharasinghe, Director General of Census and Statistics said that the Year on Year inflation based on NCPI has declined to 5.4% from 7.3% in December 2017.Inflation of 5.4% reported for January 2018 is the lowest inflation …

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No gas price hike

Chairman of Consumer Affairs (CAA) Authority Hasitha Thilakaratne says that although several companies request for a price hike, the CAA will only increase prices after a comprehensive inquiry, and after approval is granted from the cabinet subcommittee on cost of living. Thilakaratne made this observation upon inquiring made on the …

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Gas cylinder prices to be increased?

It is said that local  gas companies say that they expect to hold discussions with relevant authorities today (20) with regard to increasing the prices of LG gas cylinders. Gas companies had repeatedly requested for approval to increase the prices on several previous occasions. However, the companies say that they …

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Transshipment operations at Colombo Port up by 20.4 percent

Transshipment operations at the Port of Colombo shows a tremendous increase between the months of January 2017 and January 2018. Accordingly against 362,451 transshipment TEU operations in January 2017, together with the Jaya Container Terminal (JCT), South Asia Gateway Terminal (SAGT) and the Colombo International Container Terminal (CICT), the Port …

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