Tamarind Prices skyrocket due to shortage ahead of Thai Pongal
The price of tamarind has been rapidly rising due to a shortage in the local market.Normally priced between Rs. 350-400 per kilogram, it was reported that tamarind was sold for as much as Rs. 2,000 per kilogram in the Hatton area today (12). This marks a nearly fivefold increase in price, leaving consumers and traders concerned.
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Govt. to ease barriers for green energy products, support AI innovation
Minister of Industry and Entrepreneurship Development Sunil Handunnetti says that the government will take measures to introduce a range of environmentally friendly products rooted in green energy principles, while preserving local identity, within the next two years.
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Registration mandatory for mill owners purchasing paddy
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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SOEs Vested in Line Ministries to Drive Economic Growth
NEWS OF THE DAY
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Sri Lanka’s AML/CFT Evaluation Postponed Amid Economic Concerns
Behind the News
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Sri Lanka’s tea industry set for cautious growth in 2025: Forbes and Walker Tea Brokers
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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Liquor prices increase with excise duty hike
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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Fake Basmati floods market amid rising rice imports
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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Sri Lankan companies urged to seize multiple opportunities in Maldives
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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Govt to stop Foreigners on tourist Visas doing business in Sri Lanka
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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