Tag: SL Government

Sri Lanka’s confectionary industry has suspended the production of several of its most popular product ranges to prioritise the manufacturing of ready-to-eat items, which is becoming a popular option as the country continues to face severe shortage in gas.

The visiting high-level US diplomatic delegation has assured that they will support by requesting international banks to assist Sri Lanka when issuing Letters of Credit (LC) to obtain medicines and essential commodities, President's Media Unit said.

At the G7 Summit today (June 28), President of the United States Joe Biden announced $20 million in additional assistance to strengthen food security in Sri Lanka.

For the first five months of 2022, merchandise exports increased by 9.7% to US$ 2.4 billion compared to the corresponding period of 2021. Major product sectors except Tea, Rubber-based products and Spices & Concentrates; Apparel & Textiles, Coconut based products, Electronics & Electronic Components, Food & Beverages, Seafood and Ornamental fish recorded increased exports.

The crisis-ridden Government is to allow international oil companies to operate fuel import and distribution in Sri Lanka ending the oligopoly of Ceylon Petroleum Corporation (CPC) and Lanka Indian Oil Company, a senior energy ministry official said.