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Sri Lanka has the lowest prevalence of teen smoking (1.7 percent) in the world, a recent study by the US Centers for Disease Colombo and Prevention (CDC), revealed. The highest prevalence (35 percent) was in Timor-Leste. Sri Lanka has slapped over 40 percent tax on tobacco and alcoholic products and also has also mandated graphic health warnings on cigarette packs. Also advertising of tobacco or alcoholic products are not allowed and the government is currently mulling to impose a ban on loose cigarette sales.
The harms associated with tobacco use are well documented in the scientific literature and articles published in national newspapers. However, less information is available on the politics inherent in tobacco control policy-making and the factors that explain tobacco control policy outcomes. This article will concentrate on this information gap, focusing on the key stakeholders, ideologies, power and politics inherent in tobacco control policy-making in Sri Lanka.
Feb 28, 2017 (LBO) – Profit after tax at Ceylon Tobacco, a unit of British American Tobacco, rose 8 percent to 2.0 billion rupees in the December quarter, interim accounts showed.
Jan 31, 2017 (LBO) – Sri Lanka’s Ceylon Tobacco Company PLC (CTC) announced that it will be closing its leaf depots situated in Anuradhapura and Sigiriya due to the impact of tax hikes despite an increase in profits reported last year.
Jan 09, 2017 (Reuters) – Sri Lankan shares were little changed on Monday after hitting a nine-month low last week as uncertainty over the government’s monetary and budget policies continued to weigh on the market.
Jan 06, 2017 (Reuters) – Sri Lankan shares edged higher on Friday, ending a five-day losing streak and recovering from a nine-month low hit in the prior session as investors picked up battered down shares.
Jan 04, 2017 (Reuters) – Sri Lankan shares fell for a fourth straight session on Wednesday, to end at a near nine-month low, as investors sold large-cap shares on fears that continued foreign selling in John Keells Holdings could dampen market sentiment further.
Dec 27, 2016 (Reuters) – Sri Lankan shares closed at their weakest in more than eight months in typical year-end holiday-thinned trading on Tuesday, with turnover slumping to a near 33-month low as investors stayed away.
Hayleys PLC Chairman/CEO Mohan Pandithage receiving the award from Central Bank Governor Dr. Indrajit Coomaraswamy Pic by Damith Wickramasinghe
As President Maithripala Sirisena enjoyed a scrumptious lunch in a kehel kole (banana leaf) today, Finance Minister Ravi Karunanayake unveiled a mixed bag of goodies, aimed at tightening the belt of the public by increasing the taxes while also reducing essential items such as green gram, dhal, potatoes, white sugar, LP Gas and Kerosene.
Reuters – Sri Lankan shares extended losses for a third straight session to close Tuesday at a fresh three-month low as investors shrugged off the central bank’s decision to keep rates unchanged.
Nov 01, 2016 (Reuters) – Sri Lankan shares extended losses for a third straight session to close Tuesday at a fresh three-month low as investors shrugged off the central bank’s decision to keep rates unchanged.
All cigarette brands has been increased by a minimum of Rs. 5 each. (Approx 15%) from today, the Ceylon Tobacco Company announced.
Reuters – Sri Lankan shares closed Monday at their lowest in 12 weeks in lean trade as investors awaited cues from the central government budget and the five-year plan ahead of corporate results.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton