Deputy Minister of Trade, Commerce, and Food Security, R.M. Jayawardena, says that all mill owners and storekeepers who purchase paddy during the ‘Maha season’ are required to register with the government’s Paddy Marketing Board.
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NEWS OF THE DAY
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Behind the News
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Sri Lanka’s tea industry is set for a year of modest growth in 2025, despite facing several challenges and uncertainties, an analysis by Forbes and Walker Tea Brokers showed.
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The prices of liquor will also increase by approximately 6% following the hike in Excise Duty imposed on liquor with effect from tomorrow (January 11).
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Consumer protection activists have uncovered a concerning case of fraud in Sri Lanka’s rice import trade, where certain individuals exploit government-granted import permits to deceive consumers.
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The Sri Lanka -Maldives Business Council of the Ceylon Chamber of Commerce this week highlighted numerous opportunities in the Maldives for the Sri Lankan companies in sectors such as logistics, tourism, agriculture, boat construction, fishery and construction.
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The government will formulate a mechanism to stop foreigners who engage in business activities while on tourist visas, Prime Minister Harini Amarasuriya said.
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The Chairman of the Committee on Public Finance, MP Dr. Harsha de Silva stated that both the Undial system and the Hawala system are not illegal in Sri Lanka. He made this statement while presenting several proposals in Parliament yesterday (08).
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Sri Lanka will focus on stronger recovery this year after the island nation posted real GDP growth of 5% in 2024, the highest in seven years, its central bank chief said on Wednesday, hoping to accelerate a rebound from its worst financial crisis in decades.
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