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Category: BUSINESS

Claims some Fonterra milk products containing animal fats ‘Completely false,’ Fonterra says
BUSINESSLOCALTOP STORY 1
byNews EditorFeb 20, 2019Feb 20, 2019

Claims some Fonterra milk products containing animal fats ‘Completely false,’ Fonterra says

(FASTNEWS|COLOMBO) – Fonterra has denied allegations that some of their milk products sold in Sri Lanka contain animal fats, www.tvnz.co.nz…

Chainsaw machine registration commences today
BUSINESSLOCALTOP STORY 1
byNews EditorFeb 20, 2019Feb 20, 2019

Chainsaw machine registration commences today

(FASTNEWS|COLOMBO) – The registration of chainsaw machines will commence on Wednesday (20), the Ministry of Defence said issuing a communiqué.…

Pest certification puts brakes on grape exports to Russia and Sri Lanka, prices fall
BUSINESSLOCALTOP STORY 1
byNews EditorFeb 18, 2019Feb 18, 2019

Pest certification puts brakes on grape exports to Russia and Sri Lanka, prices fall

(FASTNEWS|COLOMBO) – Export of grapes from India to Russia and Sri Lanka has halted midway in the season over stronger…

MRP for rice from April
BUSINESSLOCAL
byNews EditorFeb 18, 2019Feb 18, 2019

MRP for rice from April

(FASTNEWS|COLOMBO) – A Maximum Retail Price (MRP) for rice will be imposed from April. Accordingly, the MRP of Rs. 80…

All chainsaw machines must register before Feb. 28
BUSINESSLOCALTOP STORY 1
byNews EditorFeb 17, 2019Feb 17, 2019

All chainsaw machines must register before Feb. 28

(FASTNEWS|COLOMBO) – All chainsaw machines must be registered with the Ministry of Defence before 28 February and a registration certificate…

Postal facility allowance for Parliamentarians, Provincial Councillors increased
BUSINESSLOCAL
byNews EditorFeb 17, 2019Feb 17, 2019

Postal facility allowance for Parliamentarians, Provincial Councillors increased

(FASTNEWS|COLOMBO) – A Gazette Notification has been issued on increasing free postal facilities for Parliamentarians from Rs. 175,000 to Rs.…

World Bank Vice President for South Asia called on President
BUSINESSLOCAL
byNews EditorFeb 17, 2019Feb 17, 2019

World Bank Vice President for South Asia called on President

(FASTNEWS|COLOMBO) – The World Bank Vice President for South Asia, Hartwing Schafer has called on President Maithripala Sirisena at President’s…

IMF to arrive in Colombo today to discuss Sri Lanka’s delayed-loan over political crisis
BUSINESSLOCALTOP STORY 1
byNews EditorFeb 15, 2019Feb 15, 2019

IMF to arrive in Colombo today to discuss Sri Lanka’s delayed-loan over political crisis

(FASTNEWS|COLOMBO) – Officials attached to the International Monetary Fund (IMF) is scheduled to arrive in Sri Lanka on Friday (15)…

Sand mining permits in Trincomalee District suspended
BUSINESSLOCALTOP STORY 1
byNews EditorFeb 14, 2019Feb 14, 2019

Sand mining permits in Trincomalee District suspended

(FASTNEWS|COLOMBO) – All sand mining permits within Trincomalee District suspended until further notice, the Geological Survey and Mines Bureau stated…

World Bank VP arrives in Sri Lanka to support country’s reform plans
BUSINESSLOCAL
byNews EditorFeb 13, 2019Feb 13, 2019

World Bank VP arrives in Sri Lanka to support country’s reform plans

(FASTNEWS|COLOMBO) – The World Bank Vice President for the South Asia Region, Hartwig Schafer arrived on Wednesday (13) on his…

Sri Lanka’s pioneering SME digital platform takes off
BUSINESSLOCALTOP STORY 1
byNews EditorFeb 13, 2019Feb 13, 2019

Sri Lanka’s pioneering SME digital platform takes off

(FASTNEWS|COLOMBO) – Backed by a Singaporean firm’s generous grant of a powerful database software, Sri Lanka began work on the…

Plantation workers’ wages to increase through budgetary allocation
BUSINESSLOCALTOP STORY 1
byNews EditorFeb 13, 2019Feb 13, 2019

Plantation workers’ wages to increase through budgetary allocation

(FASTNEWS|COLOMBO) – The Government has agreed to increase the daily wage of plantation workers through budgetary allocation, the Leader of…

IMF to arrive in Colombo to discuss Sri Lanka’s delayed-loan over political crisis
BUSINESSLOCAL
byNews EditorFeb 13, 2019Feb 13, 2019

IMF to arrive in Colombo to discuss Sri Lanka’s delayed-loan over political crisis

(FASTNEWS|COLOMBO) – Officials attached to the International Monetary Fund (IMF) is scheduled to arrive in Sri Lanka on Friday (15)…

Lanka IOC revises fuel price
BUSINESSLOCAL
byNews EditorFeb 12, 2019Feb 12, 2019

Lanka IOC revises fuel price

(FASTNEWS|COLOMBO) – Lanka IOC, the IndianOil’s subsidiary in Sri Lanka, has revised the fuel price in line with the price…

Government revise fuel price on formula [UPDATE]
BUSINESSLOCAL
byNews EditorFeb 11, 2019Feb 11, 2019

Government revise fuel price on formula [UPDATE]

(FASTNEWS|COLOMBO) – UPDATE: Fuel price revision according to the Government-approved monthly pricing formula is as follows; (FASTNEWS|COLOMBO) – Fuel price…

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