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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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Engineers draw red line as CEBEU warns of union action over appointed date

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Engineers at the Ceylon Electricity Board have drawn a clear red line over the government’s plan to gazette the appointed date for restructuring the utility, warning that trade union action will follow if the move is pushed through without addressing their core demands, the Sunday Island learns.

The powerful Ceylon Electricity Board Engineers’ Union (CEBEU) says preparations are already under way for industrial action, most likely after the appointed date gazette is published, should the Minister proceed without resolving outstanding issues raised repeatedly by engineers.

“If the appointed date is gazetted without addressing our demands, we will have no option but to take trade union action,” a senior electrical engineer told The Island, stressing that the warning should be taken seriously.

CEBEU sources say the engineers’ demands are aimed at preventing a structural and financial crisis in the electricity sector, rather than blocking reform. They insist that unbundling the CEB without first putting in place firm safeguards would expose the sector to instability and consumers to higher costs.

The engineers’ key demands include: legally binding financial safeguards to ensure the proposed Electricity Generation Company is viable from inception; protection against the transfer of legacy liabilities, extraordinary costs, or inefficiencies to new entities or electricity consumers; enforceable accountability for management and policy decisions that inflate system costs; genuine, structured consultation with technical professionals before irreversible decisions are taken; and a halt to gazetting the appointed date until these safeguards are formally incorporated.

Engineers warn that rushing the appointed date would lock existing weaknesses into the new structure, making them harder—and more expensive—to fix later. “Once the appointed date is gazetted, there is no rewind button,” a senior engineer said. “If the foundation is flawed, the entire structure will suffer.”

Meanwhile, according to energy analyst, Dr. Vidhura Ralapanwe, electricity sector reforms must be grounded in technical and financial reality, not driven by administrative timelines.

He has cautioned that implementing structural changes without correcting underlying governance and cost issues risks destabilising the sector and undermining public confidence.

CEBEU officials reject claims that the union is resisting reform. They say engineers are being sidelined in decision-making while being held responsible for system performance. “We are accountable for keeping the system running, but our professional warnings are being ignored,” one engineer said. “That is not reform; it is reckless governance.”

With the Minister yet to gazette the appointed date, tensions within the power sector are rising sharply.

Engineers say the government now faces a stark choice: engage with professionals and fix the problems first—or brace for confrontation in a sector where disruption will have coutrywide consequences.

By Ifham Nizam ✍️

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Navam Perahera and sacred relics exhibition at Gangaramaya

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The annual Colombo Navam Maha Perahera, along with an exhibition of sacred relics brought from India, will be held at Gangaramaya Vihara in Hunupitiya, featuring a series of religious observances, according to Most Venerable Dr. Kirinde Assaji Thera.

Addressing a media briefing on Friday, the Venerable Thera said the Perahera will take place on January 31 and February 1, commencing at 7.30 p.m. and concluding before 10.00 p.m., after parading through the streets of Colombo.

He said specially decorated floats have been prepared to depict key historical events, enabling foreign visitors to better understand Sri Lanka’s cultural and religious heritage. The floats will portray significant moments such as the arrival of Arahat Mahinda, the bringing of the Sri Maha Bodhi, and the arrival of the Sacred Tooth Relic, and will be performed by leading local artistes.

The procession is expected to feature around 8,000 dancers and elephants, representing a wide range of traditional dance forms.

The exhibition of sacred relics from the Devnimodara Shrine in India will be held at Gangaramaya Vihara from February 4 to 11. The Venerable Thera urged devotees to visit the temple dressed in white and to refrain from bringing valuables or large items of luggage. He added that necessary facilities have been arranged to accommodate the large number of devotees expected.

Meanwhile, Minister of Buddhasasana, Religious and Cultural Affairs Dr. Hiniduma Sunil Senevi said a mobile application will be introduced to inform devotees of the approximate date and time allocated for venerating the Sarvagna Dhathu, in a bid to manage crowds more efficiently.

Senior DIG in charge of Colombo G. Nishantha de Zoysa said a special security plan has been implemented with the assistance of the tri-forces, in accordance with instructions from the Ministry of Public Security and the Inspector General of Police. He added that a comprehensive traffic management plan, including alternative routes, has been prepared, and that detailed police announcements will be issued shortly. The Senior DIG also advised the public not to carry large luggage, jewellery, mobile phones, or other valuables when visiting the exhibition.

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CID sleuths still plodding on with their probe into controversial Grade 6 English module

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The CID has so far recorded statements from 15 individuals in connection with the Grade 6 English module, police headquarters sources said yesterday.

The CID stated that several officials of the National Institute of Education (NIE), Maharagama, are among those from whom statements have been obtained.

On Thursday, the CID also recorded a statement from Venerable Ulapane Sumangala Thera.

Several parties, including the Secretary to the Ministry of Education, had previously lodged complaints with the CID regarding the inclusion of the name of an inappropriate website in the Grade 6 English module.

by Norman Palihawadane ✍️

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