Home / BUSINESS (page 44)

BUSINESS

Minister asks IGP to file legal action under Penal Code

Megapolis and Western Development minister, Patali Champika Ranawaka has asked the IGP to enforce the law by instituting legal action under the Penal Code against all those responsible for the construction of the five-storey building which collapsed at Wellawatte last Thursday.   “It was a structural failure which led to …

Read More »

Government to demolish illegally built structures in Colombo

The government will take measures to demolish an estimated 10,000 illegally built homes and offices in Colombo, a day after a seven-storey wedding hall in the city collapsed, killing one and wounding 23, AFP reported. Urban Development Minister Champika Ranawaka said the casualties could have been much higher if the …

Read More »

A conference for primary industries

Forming a conference comprising organizations and individuals involved in primary industries was discussed for the first time at a meeting at the primary industries ministry at Suhurupaya in Battaramulla today (19). Minister Daya Gamage chaired the meeting, where ministry secretary Bandula Wickramarachchi, stakeholders in the field, state officials and Chamber …

Read More »

Rupee edges up on foreign bank dollar sales

The Sri Lankan rupee firmed on Thursday on dollar selling by foreign banks, even as depreciation pressure on the rupee eased, helped by strong inflows from foreign borrowings, dealers said. Rupee forwards were active, with spot-next forwards trading at 152.80/90 per dollar at 0553 GMT, compared with Wednesday’s close of …

Read More »

Free Trade Agreement with China before year’s end

Sri Lanka hopes to finalise a Free Trade Agreement with China before the end of this year.   Development Strategies and International Trade Minister Malik Samarawickrema said on Tuesday shortly after bilateral talks between Sri Lanka and China in Beijing, that he was confident of a free trade pact beneficial …

Read More »

Sri Lanka to get GSP+ from Friday-EU

The European Union says that re-granting of the GSP+ trade concessions to Sri Lanka will be effected from May 19. This was announced by Tung-Lai Margue, Ambassador and Head of Delegation of the European Union to Sri Lanka and the Maldives, during a media gathering held in Colombo today. “This …

Read More »