The Committee on Public Finance (COPF) has instructed the officials of the Ministry of Finance to declare the selling price of wheat flour per kilogram as Rs.198 in order to prevent two major companies from making excessive profits and to protect the consumers.

The Public Utilities Commission of Sri Lanka (PUCSL) has granted approval for the Ceylon Electricity Board (CEB) to procure 100MW of Electricity Generation Capacity for 06 months on short term basis.

The Bank of Ceylon (BOC) has reported Rs. 10.5 billion of Profit Before Tax (PBT) for the six-month period ended 30 June 2023 amidst the unprecedented challenges continued to prevail from previous year.

The Export Development Board (EDB) recently reactivated the National Packaging Centre with the Packaging Design Display Unit (PDDU) in its premises to enhance the growth of the local manufacturing industry.

Tourist arrivals are averaging an improved 5,170 per day this month as against 4,614 in July, driven by Indian travellers.

The Government has decided to establish a new Department for Cinnamon Development amidst considerations, recognising the valuable contribution of the export crop to boost foreign exchange earnings.

Sri Lanka Ports Development Authority (SLPA) is set to raise tariffs in accordance with the government’s revenue enhancement and administration reforms, official sources divulged.

• Aussie govt. urges its citizens to exercise high degree of caution when visiting Sri Lanka
  
• Despite review, travel advisory on Sri Lanka maintained at same level
  
• SLTDA and Economic Affairs Division of Foreign Ministry say review is sudden and unexpected
  
• Efforts being made to find out what prompted sudden review

Sri Lanka Telecom has suffered a net loss of Rs. 2.1 billion at Group level in the second quarter of FY23 as against a profit of Rs. 1.96 billion a year ago.