News
Filling stations experience sharp drop in fuel sales
The demand for fuel during the current Christmas season had decreased by 50% compared to that in 2022, President of the Fuel Station Owners Association, Kumara Rajapaksa said on Thursday (28).
The number of vehicles arriving at gas stations had dropped, and the amount of fuel dispensed for individual vehicles had also dropped, Rajapaksa said.
The sale of diesel had dropped by 40 to 60 percent as the Ceylon Petroleum Corporation and Lanka Indian Oil Corporation were now supplying diesel directly to many factories, Rajapaksa said.
News
Formulation of a Draft Economic Development Bill to expedite the process of Digital Transformation and Digital Economic Development
It is essential to establish an institutional framework with legal powers to ensure the effective implementation of national digital policy and guidelines.
Quality human capital should be attracted to this institutional framework for the compilation of policies, implementation of policies, regulation, and empowerment of operations. The continuous participation of the private sector should also be considered in establishing a strong institutional framework.
It has been further identified that attention should also be
drawn to new fields of digital innovation, including support for artificial intelligence and related activities.
Taking into consideration the aforementioned matters, a concept paper has been formulated to prepare a Draft Economic Development Bill for the establishment of a new institutional framework.
Accordingly, the Cabinet of Ministers has approved the resolution furnished by the President in his capacity as the Minister of Digital Economy to instruct legal draftsman to formulate a Draft Economic Development Bill based on the aforementioned concept paper.
Latest News
Cabinet approval for Sri Lanka Community and Health Survey – 2026/2027
The Sri Lanka Community and Health Survey is the main data source for obtaining necessary information for reviewing progress toward achieving the national health development goals, as well as the expected sustainable development goals by 2030.
The last survey was conducted in the year 2016, and the Sri Lanka Community and Health Survey should be conducted to obtain updated data to enable the collection of related data and indicators concerning the health and well-being targets of the Global Sustainable Development Objectives.
Accordingly, the Cabinet of Ministers has approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning, and Economic Development to take necessary steps to conduct the aforementioned survey.
News
A National Water Tariff Policy for all Water Supply and Sanitation Services
The access to secure, reliable and affordable drinking water and adequate sanitation facilities is essential to maintain public health, promote social well-being and foster economic development.
The Sri Lankan Government recognizes water supply and sanitation services as both an economic good and a basic human need. Therefore, when pricing for water and sanitation, a balance should be maintained between the financial sustainability of the service providers and the requirement to ensure fair and affordable access for all strata in the society.
Accordingly, the Sri Lankan government has identified the necessity of a national water supply that is sensitive to gender equality and social integration applicable to all water supply and sanitation service providers. At present, there is no formal national framework for setting, reviewing, approving, and implementing tariffs for water supply systems operated by various water supply providers as well as for setting, reviewing, approving, and implementing tariffs for sanitation systems.
Therefore, the Ministry of Housing, Construction, and Water Supply has formulated a water tariff policy covering all water supply service providers under the Sri Lanka Water Supply and Sanitation Sector Reform Program, which is a policy-based loan program implemented under Asian Development Bank funds.
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