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Import restrictions on vehicle spare parts, cosmetics to be lifted soon

Published

11 months ago

on

October 21, 2022

By

editor

Sri Lanka’s Finance Ministry said that the import restrictions on a number of products including cosmetics, and vehicle spare parts will be lifted within two weeks.

State Finance Minister Ranjith Siyambalapitiya on Friday (21) said that the Department of Economic Research will work on lifting the restrictions after considering the appeals forwarded by those involved in the relevant sectors.

On the 23rd of August 2022, Sri Lanka restricted the imports of 1,465 products due to the forex crisis.

Thereafter, 708 products were removed from that list after considering multiple appeals.

The State Minister said the restrictions will be gradually lifted in the future based on the reasonable requests made by importers.

(news1st)

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Colombo International Book Fair 2023 kicks off

Published

4 days ago

on

September 22, 2023

By

editor

Sri Lanka’s largest book exhibition, ‘Colombo International Book Fair’, commenced today (22) at the Bandaranaike Memorial International Conference Hall (BMICH).

The book fair organised by the Sri Lanka Book Publishers’ Association will be held until October 1 from 9.00 am – 9.00 pm.

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BIZ

Import tax on powdered milk increased

Published

4 days ago

on

September 22, 2023

By

editor

Port and Airport Levy (PAL) on imported milk powder has been increased by 10%, says Trade Minister Nalin Fernando.

The tax increase comes into effect today (Sept. 22).

However, the prices of powdered milk in the local market will not be increased following the PAL hike, the Minister has assured.

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BIZ

Price of chicken reduced from midnight today

Published

5 days ago

on

September 21, 2023

By

editor

Local poultry producers have agreed to reduce the price of chicken by Rs. 100 per kilogram, with effect from midnight today (Sep. 21).

The agreement was reached following a discussion with the Minister of Trade, Commerce and Food Security, Nalin Fernando, this afternoon.

Accordingly, a kilogram of chicken will now be sold at Rs. 1,150.

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