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BUSINESS

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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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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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Circular on issuing petrol only to vehicles withdrawn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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More fuel to import

Apart from petrol shipment arriving on 8th November, another shipment is due from India on 9th November, Prime Minister Ranil Wickremesinghe said.

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Daya, Anoma visit ‘Art Lanka’

Primary industries minister Daya Gamage and chairperson of the UNP-affiliate Eksath Lak Wanitha Peramuna, deputy minister Dr. Anoma Gamage recently visited ‘Art Lanka’ Batik society office at Nawagampura in Ampara. The Primary Industries Ministry maintains this office to promote Batik industry in the district. The minister and the deputy minister …

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Oil prices gone up

Oil prices hit  their highest since July 2015 with Brent Crude oil trading at US $ 62.33 a barrel and US(WTI) Crude also traded to US$ 56 a barrel.

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Inflation up to 7.8-pct in Oct

The Colombo Consumers Price Index (CCPI) for all items for the month of October 2017 was 120.8, an increase of 1.1 index points or 0.98 percentage points compared to the month of September 2017, the Department of Census and Statics said.   This represents an increase of expenditure value by …

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