BIZ

Barriers to export of SL agri products to China, removed

Published

7 months ago

July 19, 2024

editor

The Chinese government has removed the long-standing barriers to the export of chicken and eggs produced in this country as well as pineapples to China.

Minister of Agriculture and Plantation Industries Mr. Mahinda Amaraweera said that this agreement was expressed during the discussion with the delegation including Mr. Wang Lingjung, Deputy Minister of General Administration of Customs of the People’s Republic of China who recently visited Sri Lanka.

Accordingly, Sri Lankan pineapple cultivators and exporters as well as poultry product manufacturers have been allowed to export as much poultry meat and eggs as well as pineapples to the Chinese market.

The Ministry of Agriculture and Plantation Industries had to do a lot of work to remove the obstacles that existed in our country to export these agricultural products to the Chinese market. A number of methods had to be completed in order to confirm the quality of poultry products in the country’s market, especially the way pineapple is grown in our country.

The Minister also said that due to the commitment made by the officials of the Ministry of Agriculture and Plantation Industries, the effort to get market opportunities from China has been successful for our country.

Meanwhile, the Minister of Agriculture and Plantation Industry Mr. Mahinda Amaraweera said that the Chinese Deputy Minister assured that the Chinese government will work to expand China’s market opportunities to Sri Lanka in order to export whatever high quality agricultural products are in Sri Lanka.

(dailynews.lk)

(Except for the headline, this story, originally published by dailynews.lk has not been edited by SLM staff)

BIZ

Bread flour prices slashed

Published

4 hours ago

February 17, 2025

editor

Leading flour manufacturers in Sri Lanka – Serendib Flour Mills and Prima, have decided to reduce bread flour prices by Rs. 10 per kilogram effective from tomorrow (Feb.18).
“During 2024, we implemented an initial reduction of Rs. 10 per kilogram in bread flour prices. While the earlier reduction did not translate to lower bread prices, both institutions have now stepped forward with an additional Rs. 10 per kilogram reduction, bringing the total reduction to Rs. 20 per kilogram,” said Mr. Kalinga Wijesekera, Director Brand and Corporate Communications, Serendib Flour Mills.

“We have informed the Minister of Trade of the latest reduction, and sincerely believe the Bakery Association will pass on the benefit of this price reduction to end consumers through reduced prices of bread and other bakery items,” he added.

BIZ

Budget 2025 : SriLankan Airlines to get Rs. 20 Bn. to settle debts

Published

4 hours ago

February 17, 2025

editor

The Sri Lankan government has announced a comprehensive plan to settle the airline’s debt.

Delivering the 2025 Budget speech in Parliament today (Feb. 17), President Anura Kumara Dissanayake said that the government will sign an agreement with the concerned banks and allocate Rs. 10,000 million for loan capital repayment in 2025, along with an additional Rs. 10,000 million for interest payments.

The Airline would be fully responsible for ensuring operating profitability once these legacy debt service costs are settled by the government, he said.

BIZ

Adani decides to withdraw from wind energy project in SL

Published

4 days ago

February 13, 2025

editor

Adani Green Energy has decided to withdraw from its proposed wind energy project in Mannar, Sri Lanka.
The company has conveyed this decision in a letter addressed to the chairman of Sri Lanka’s Board of Investment.

“It was learnt that another Cabinet appointed negotiations committee and Project Committee would be constituted to renegotiate the project proposal,” the company wrote in a letter, a copy of which was seen by Reuters, addressed to the chairman of Sri Lanka’s Board of Investment.

“This aspect was deliberated at the Board of our company and it was decided that while the company fully respects the sovereign rights of Sri Lanka and its choices, it would respectfully withdraw from the said project,” the letter added.

Adani Green Energy is a part of Indian billionaire Gautam Adani’s Adani Group.