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Pharma industry seeks 18% price increase

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Talks likely between NMRA and SLCPI

By Shamindra Ferdinando

The Sri Lanka Chamber of Pharmaceutical Industry (SLCPI) has reiterated its call for a price revision in the wake of further deterioration of the dollar supply. About 85% of pharmaceutical products are imported.

Minister Rambukwella turned down SLCPI request during talks with a delegation from the outfit in January this year. However, the SLCPI had taken up the issue again close on the heels of the adjustment of the price of paracetamol, a spokesperson for the grouping told The Island.

“We expect an urgent upward price adjustment of 18% on all price controlled products in terms of a written request made to the Chairman of the pricing committee of the National Medicines Regulatory Authority (NMRA) on Sept.01, 2021,” the spokesperson said.

“Paracetamol is widely used to treat symptoms of the Omicron variant and Dengue, both of which are growing health concerns in the country. An increase in the controlled price makes it possible for importers and local manufacturers to ensure that the drugs do not go out of stock in pharmacies,” the spokesperson said. It will now cost Rs. 2.30 per tablet, up from Rs. 1.71 – a 35% increase.

The Island yesterday (09) sought the NMRA’s response to SLCPI’s written request. A senior spokesperson for NMRA told The Island that though the request made by SLCPI had been turned down earlier, they were prepared to discuss the issue at hand now . The depreciation of the Rupee has compelled NMRA to review the pricing formula.

The yahapalana government imposed price controls on all essential drugs in October 2016.

The SLCPI, in a recent statement explained the deepening forex crisis. “There is no solution to this dilemma than removing the price control of medicines and implement a fair and equitable pricing mechanism which will link the price of medicines to the dollar, inflation and direct costs such as raw material, fuel and freight charges, which will then make importing and marketing of medicines viable. As difficult as it may sound, the authorities will have to choose between having medicines at a cost and not having medicines at all.”

The SLCPI has warned that unless necessary price adjustments were done immediately lifesaving drugs wouldn’t be available in the market.

SLCPI represents about 60 enterprises which accounted for more than 80% of the private pharmaceutical industry, spanning manufacturers, importers, distributors and retailers.

Medicine remained the only items on price control after the current dispensation abolished price controls on an entire range of local and imported essential food and other requirements, including petroleum products.

Sources said that since the SLCPI’s request made in Sept 2021, the situation has taken a drastic turn with the growing shortage of almost all imported items due to cash flow problems.

The Island learns that a meeting between the NMRA and SLCPI was likely to discuss ways and means of addressing the issues at hand. Contrary to various claims, reports and speculation Sri Lanka largely depend on imports therefore revision of pricing formula couldn’t be delayed further.

Sources pointed out that the Central Bank devalued Rupee on Monday (7) setting an exchange rate limit of Rs 230 per USD as the situation deteriorated further against the backdrop of volatile crude oil market caused by the Russian invasion of Ukraine.



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Proposed EPF-ETF merger harmful to private sector workers – FSP

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Nagamuwa

… alleges NPP trying to implement UPFA, UNP plan

Front-line Socialist Party (FSP) yesterday (24) alleged that the NPP government’s move to amalgamate the Employees’ Trust Fund (ETF) and the Employees’ Provident Fund (EPF), under a unified, tripartite governance framework, would be detrimental to the private sector workers.

Addressing the media at Melder Place, Nugegoda, FSP spokesman Duminda Nagamuwa said that the Cabinet of Ministers approved this proposal on 15 June.

Nagamuwa claimed that the NPP was trying to implement what President Mahinda Rajapaksa had sought to do, in 2011, causing the police to open fire on a group of the Export Processing Zone workers, protesting against the move to create a private pension scheme. A worker, identified as Roshen Chanaka, was shot by police on May 30, 2011, and he succumbed to his injuries.

Pointing out that the EPF and the ETF had been established for the benefit of private sector workers but with different objectives, Nagamuwa warned that amalgamation of the two funds could cause unnecessary complications.

The FSP spokesman said that Ravi Karunanayake, in his capacity as the Finance Minister of the Yahapalana government, in late November 2015 had declared their intention to amalgamate the ETF with the EPF.

FSP’s Pubudu Jayagoda told The Island that they expected all political parties, other than the NPP, to disclose their stand on the vital issue. Jayagoda urged the Opposition to take a stand on the vital issue .

By Shamindra Ferdinando

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Opposition argues that National Environment Amendment Bill is unconstitutional

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Premadasa

The Opposition yesterday argued in Parliament that the National Environment Amendment Bill was unconstitutional. The Opposition said that it violated the 13th Amendment.

SJB and Opposition Leader Sajith Premadasa argued that the approval of the Provincial Councils was required for the Bill to go ahead, as it was a subject in the Concurrent List of powers as per the 13th Amendment to the Constitution.

The MP also said that the clause which enables the Central Government to file legal actions against Local Government bodies was unconditional as well, since local bodies are included in the Provincial Councils list.

“How can you go ahead at a time when the Provincial Councils do not function properly,” Premadasa questioned.

ITAK MP P. Sathyalingam also raised the issue, but Speaker Jagath Wickramaratne, who responded, said the MPs could raise the relevant matters during the debate.

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ITAK makes representations to BJP TN President

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Sivagnanam Shritharan (left) meets BJP's Tamil Nadu state President, Nainar Nagenthran

The leader of the Ilankai Tamil Arasu Kachchi (ITAK) and parliamentarian Sivagnanam Shritharan recently met the Bharatiya Janata Party’s Tamil Nadu state president, Nainar Nagenthran in India during a three-day visit in which discussions centred on the political and livelihood challenges facing Tamils in the North-East of Sri Lanka.

According to a statement issued by MP Shritharan, the talks ranged across a number of contemporary issues confronting the Tamil people among them the demolition of ancestral Tamil Hindu temples and the construction of Buddhist viharas in their place, the skeletal remains being exhumed at the Chemmani mass grave, and efforts to secure justice for the alleged genocide committed against the Tamil people.

The statement said the two sides had also discussed a lasting settlement to the Tamil national question.

“There was an extensive exchange of views between both sides on a permanent political solution for the Eelam Tamils and the political aspirations of the Tamil people.”

The two had agreed to continue such meetings and consultations in future, the statement added, and Shritharan was hosted for lunch during the visit.

Also present was the veteran Tamil political figure K. S. Radhakrishnan, described in the statement as having more than fifty years of experience in Tamil political affairs, along with the BJP’s Tamil Nadu state secretary and several senior party representatives.

Nagenthran, a former Tamil Nadu state minister, has headed the BJP’s Tamil Nadu unit since April 2025 and is leading the party’s bid to unseat the governing DMK in the state.

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