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Additional incentive for foreign exchange !

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A new incentive scheme has been introduced for foreign exchange sent by Sri Lankan expatriate workers using official channels.

The Central Bank of Sri Lanka (CBSL) has announced that an incentive of Rs.1,000 will be granted for every remittance of Rs. 20,000 or more in a single transaction by expatriate workers.

According to the Central Bank, the incentive is granted to reimburse the transaction cost which is levied from expatriate workers by licensed banks or remittance-receiving agents.

The Central Bank noted that the incentive scheme is applicable only to remittances received to Rupee Accounts maintained at licensed banks and over-the-counter cash receipts.

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Gazette issued to up estate workers’ daily wage

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The Wages Board has issued a Gazette notification to increase the minimum daily wage of estate workers to Rs. 1700.

The minimum daily wage of workers engaged in the Tea, Rubber Growing and Raw rubber Manufacturing Trades are as follows :

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Operators say no reduction of bus fare

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Bus operators have said bus fares cannot be reduced despite the reduction of diesel prices.
President of the Lanka Private Bus Owners’ Association – Gemunu Wijeratne has said a fare reduction could only be made in July.

Wijeratne said the annual fare revision was in July 2023, based on the pricing formula in the national policy on bus fares.

Wijeratne said for bus fares to be reduced, the diesel prices should be reduced by at least Rs.55.

Noting that there were various price fluctuations over the past 10 months, he said that they’ve been operating at a loss for the past three months with the recent price revision only allowing a profit of Rs.03.

As per the monthly fuel revision, fuel prices were reduced from midnight yesterday.

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Mirissa to be made a Blue Flag Coastal Zone

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Cabinet approval has been granted to convert the Mirissa marine zone into a Blue Flag Coastal Zone and a marine wildlife sanctuary conforming to international standards.

In the meeting held in May 2023, the Cabinet of Ministers discussed the proposal regarding the declaration of the Mirissa Marine Zone as a wildlife sanctuary. 

A ministerial sub-committee headed by the Prime Minister was appointed to further study the proposal with the participation of all relevant parties and submit recommendations to the Cabinet. 

The sub-committee has made recommendations aimed at increasing the tourism economy of the southern province by five times by turning the Mirissa maritime zone into a Blue Flag Coastal Zone and a Marine Wildlife Sanctuary conforming to international standards. 

Accordingly, the Cabinet of Ministers approved the proposal presented by the Prime Minister to implement those recommendations through relevant ministries and institutions.

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