Connect with us

BIZ

Divesa Pharma registered with NMRA

Published

on

Pharma company, Divesa Pharma Limited, has stated that the National Medicines Regulatory Authority (NMRA) has issued them a licence on 18 August 2018 to sell medicine by wholesale.

The company has issued a statement in this regard, refuting the allegations levelled by Minister of Health Dr. Nalinda Jayatissa at the Parliament recently.

The statement notes that the license was “continuously renewed to date.”

“As such, Divasa Pharma has legitimately marketed and sold Covid-19 PCR and RAT kits to the local market including to public healthcare institutions and private healthcare institutions, under guidelines issued by the Ministry of Health. These PCR and RAT Kits were sold at the NMRA stipulated price or less,” the company said in a statement.

The pharma company further highlighted that it participated in a transparent tender procurement process, and fulfilled “all necessary requirements” as a local authorised distributor of such products.

BIZ

No new tax on small parcel imports – Customs

Published

on

By

Sri Lanka Customs has refuted social media claims alleging the imposition of a new tax on small parcel imports.

Addressing the media, Customs Media Spokesman and Additional Director Seevali Arukgoda emphasized that no new taxes have been introduced, nor are there any disruptions to the clearance of imported goods.

“We are not increasing tax rates… we are simply ensuring duties are calculated correctly,” he said. “The previous system allowed for significant undervaluation and misuse. Now, we are enforcing the existing laws more transparently.”

He explained that duties are now calculated using the globally accepted Harmonized System (HS) Code, which categorizes goods by type and value, replacing the older method of relying on parcel weight or flat rates that were often exploited.

Arukgoda further assured that no parcels are being withheld and reiterated that rates remain consistent with those approved by Parliament. The changes, he said, were implemented after adequate notice was given to courier services and importers — including a 1.5-month notice period and a 2-week transition phase.

He also noted that there is no requirement for recipients of online orders to visit Customs in person. Courier companies continue to handle delivery and clearance, he added.

Continue Reading

BIZ

Starlink now available in Sri Lanka – Elon Musk

Published

on

By

Billionaire businessman Elon Musk has announced that the Starlinksatellite internet service is now available in Sri Lanka.

“Starlink now available in Sri Lanka!” Elon Musk said in a post on ‘X’.

Continue Reading

BIZ

End of parate relief for large SMEs

Published

on

By

The grace period granted to small and medium-sized enterprises (SMEs) under Sri Lanka’s Parate Execution Law officially ended midnight yesterday (June 30) for businesses with loans exceeding Rs. 50 million.

The Parate Law grants banks the authority to seize properties pledged as collateral without court proceedings. Although its implementation had been suspended for three months by the current administration—and for six months earlier under former President Ranil Wickremesinghe—it has now been reinstated, triggering serious concern among entrepreneurs.

Deputy Minister of Economic Development – Dr. Anil Jayantha Fernando  has stated that the government intends to hold discussions with all relevant parties in the coming days to address the issues linked to the law’s reimplementation.

Meanwhile, Opposition Leader – Sajith Premadasa has warned that the re-implementation of the Parate Execution Law could lead to the rapid auctioning of assets from small, medium, and micro businesses, putting them at risk.

In a statement yesterday (June 30), he emphasized that these businesses contribute over 50% to Sri Lanka’s Gross Domestic Production (GDP) and employ over 04 million people.

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved