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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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Let us all build a society valued with peace and harmony, guided by unity and solidarity beyond all differences – PM

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Prime Minister Dr Harini Amarasuriya issuing a message on the occasion of the Hajj festival called upon all Sri Lankans to build a society valued with peace and harmony, guided by unity and solidarity beyond all differences

The Prime Minister’s message:

“On the occasion of “Eid-ul-Adha” or the Hajji Festival, celebrated with great reverence by Muslims across the world upholding the values of selflessness, unity, and compassion, I extend my felicitations to the Muslim community in Sri Lanka and around the world.

On this special Day, the festival of Hajji commemorates the boundless devotion to God and the noble spirit of generosity demonstrated by Prophet Ibrahim. This festival reflects the willingness of humanity to dedicate even its most precious possessions for the greater good of humankind and the devotion towards the God.

On this day, the most important lesson we must all understand is the value of rising above our differences and standing together in unity and solidarity. The message of Eid-ul-Adha, founded upon sharing and compassion, serves as a great example in our journey towards building a strong, peaceful, and prosperous Sri Lanka.

Therefore, setting aside narrow divisions, we must all resolve to act with respect and kindness towards one another and work together to create a society valued with peace and solidarity.

May this Hajji Festival bring happiness, peace, prosperity, and blessings to you all”.

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Rajitha calls for combined lists, denounces those unwilling to join as traitors

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Dr. Senaratne, flanked by Prof. Peiris, M. A. Sumanthiran and Wajira Abeywardena, lashes out at the JVP

Ranil-led group asks govt. to hold PC polls

Former Cabinet Minister Dr. Rajitha Senaratne yesterday (27) claimed that there was no consensus between the JVP and the NPP regarding the long delayed Provincial Council (PC) polls.

Dr. Senaratne said that though JVP General Secretary Tilvin Silva had declared in Jaffna, over the last weekend, that it wouldn’t be possible to conduct PC polls this year, due to financial constraints and legal impediments, the position of NPP General Secretary Dr. Nihal Abeysinghe was different.

Addressing the media at Hotel Nippon, on behalf of the People’s United Opposition grouping, operating out of Ranil Wickremesinghe’s Flower Road Office, Dr. Senaratne, who represents the UNP, claimed that the JVP/NPP was all out to postpone the long delayed PC polls. The New Democratic Front (NDF) parliamentary group, elected to the current Parliament, received the backing of Wickremesinghe.

The ex-Minister explained how the NPP, with a 159-member parliamentary group, could comfortably secure the approval of the Parliament to conduct the PC polls under Proportional Representation system.

Declaring that they would submit combined candidate lists at the PC polls, Dr. Senaratne declared that those who declined to join them would be considered traitors.

Dr. Senaratne emphasised that there was no need for alliances and their objectives could be achieved through fielding combined candidate lists.

The Illankai Thamil Arasu Kadchi (ITAK) was represented by former lawmaker and acting Secretaray General of ITAK but the Sri Lanka Podujana Peramuna (SLPP) and the main Opposition Samagi Jana Balawegaya (SJB) weren’t represented.

Convenor of the People’s United Opposition Prof. G. L Peiris, at the beginning of the briefing, explained how the people were deprived of their democratic rights by the NPP, through the postponement of PC polls.

On Tuesday (26) MPs Shanakiyan Rasamanikkam, Mano Ganesan, and Nizam Kariapper attended a joint Opposition discussion with SJB and others, organised by PAFFREL. MP Rasamanikkam has criticised the delay in holding PC elections.

The Batticaloa District MP highlighted that he had already presented a private member’s bill to facilitate the conduct of elections, under the earlier system.

Rasamanikkam said:”The four Opposition members representing the Parliamentary Select Committee affirmed their stance to hold the Provincial Council elections under the preferential voting system.

“We noted, however, that the establishment of this committee appears to be a measure to further delay the process.

“Concurrently, an Additional Solicitor General of the Attorney General’s Department presented two proposals for conducting the elections.

“One of these recommendations involves introducing minor amendments concerning women and youth representation to the private member’s motion I tabled in Parliament, which seeks to hold the Provincial Council elections under the previous system.”

Meanwhile, PAFFREL said that altogether 42 political parties and civil society organisations were involved in that discussion.

PAFFREL said that of the 42 political parties and monitoring organisations that participated in the discussion, all but one political party consented to endorse the following joint statement. And it was decided to forward the joint statement to the Parliamentary Select Committee and the government.

“We, the secretaries of political parties and representatives of the other organisations, who attended the meeting organised by PAFFREL at the Hector Kobbekaduwa Agricultural Training and Research Institute, on 26 May, 2026, agreed to the proposal adopted to hold the Provincial Council elections as per the electoral system prevailed prior to the enactment of Act No. 17 of 2017, pending the final outcome of the Parliamentary Select Committee. We also agreed to ensure 25% representation of women and youth on a voluntary basis.”

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20 lawmakers, four officials visiting China

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Twenty MPs and four officials are on a visit to China. Dr. Kaushalya Ariyarathna, Deputy Minister, leads the delegation (pic courtesy Parliament)

A Parliamentary delegation, comprising 20 Members of Parliament, and four officials, of the Parliament of Sri Lanka, led by Dr. Kaushalya Ariyarathna, Deputy Minister of Mass Media, is in China to participate in a workshop for Members of Parliament of Sri Lanka being held in Beijing and Guangdong.

The programme has been organised by the International Cooperation Centre of the National Development and Reform Commission (NDRC) of China, from 26th May to 5th June, 2026.

The delegation arrived in Beijing, on 25 May, and commenced official engagements on 26th May, with the Opening Ceremony of the Workshop held at the Fenghui Centre in Beijing, Parliament said.

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