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New electricity tariff:
Move to save energy
“The high cost of electricity will encourage
industries and domestic consumers to shift to renewable energy
sources and energy saving options,” said Secretary General of the
Ceylon National Chamber of Industries(CNCI), Kumar Kandalama. He
said that the tariff increase on domestic users will encourage them
to reduce electricity waste and use energy-efficient methods.
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Gold prices - lowest in two years
The drop in gold prices will affect sales as
people fear that the price of a gold sovereign could slump by around
Rs. 15,000, jewellery merchants said.Pattakannus (Pvt) Ltd, Chairman
and Managing Director S.A. Thiagarajah said that sales of ready-made
jewellery will be affected as merchants will restrict sales till the
price increases.
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New law on oil exploration soon
A new law on oil exploration and a separate
entity to regulate upstream petroleum activities will be set up
soon, a senior minister said. He said that the Petroleum Resources
Development Secretariat will be incorporated into an independent
regulatory body to prepare government policy on oil exploration and
production.
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KGLL graphite mine back in operation
The graphite mine at Dodangaslanda operated by
Kahatagaha Graphite Lanka Ltd (KGLL) of the Ministry of Industry and
Commerce is back in operation after two days of disruption to
production due to worker unrest. Ministry officials met over120 KGLL
employees and resolved the problem amicably,
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