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BUSINESS

Public Utilities Commission puts an end to coal

The Public Utilities Commission of Sri Lanka yesterday approved a long-term generation plan for 2018-2027 sans coal, following adjustments made to proposals submitted by the Ceylon Electricity Board to reflect the cost for externalities. The approved plans focus more on diesel with liquefied natural gas (LNG) plants and renewable energy. …

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Labour short-age affects apparel sector

Sri Lanka’s apparel sector is heading for a major crisis due to an acute labour shortage, which needs to be addressed by using latest technology, DMS Group Head Ruwan Rathnathunga said.   “The apparel sector is a high labour intensified sector and the current labour shortage will be a challenge …

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New BOI Chairman appointed

Former CEO of Sri Lanka’s first mobile phone company Dumindra Ratnayake has been appointed as Chairman Board of Investment of Sri Lanka(BOI) following the resignation of Upul Jayasuriya.

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Cabinet paper for certified pepper prices

Primary industries minister Daya Gamage says he will be submitting a cabinet paper to ensure a certified price for the local pepper produce and to purchase it by the government. He revealed the details at a meeting at his ministry with representatives of the Samastha Lanka Govijana Sammelanaya today (17). …

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No restrictions on taking out investment -CB

There are no restrictions on remitting out investment returns made through the Securities Investment Account (SIA), Exchange Controller Yvette Fernando said yesterday. In an official clarification following last week´s Insight report ‘Changing perceptions in investment landscape’, the Controller stated that the Central Bank of Sri Lanka (CBSL) has issued directions …

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Certified price for pepper – Daya

Primary industries minister Daya Gamage says a certified price will be introduced for pepper within two weeks and a mechanism will be in place to purchase the produce through the government. The minister made the announcement to the media at the Government Information Department a day after farmers staged a …

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