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Wednesday September 27th, 2023

Sri Lanka’s health minister justifies high taxes for women’s sanitary pads

ECONOMYNEXT – Sri Lanka’s Health Minister Keheliya Rambukwella on Wednesday justified the higher taxes on women’s sanitary pads citing the move was to create more opportunity for locally produced sanitary products in the market.

The Minister said the foremost concern the government has now is the availability of the female hygiene product during the economic crisis.

“First thing under the present circumstances, particularly with the downturn of economy is that you must make it available at a reasonable price and affordable price for everybody to have it rather than making alternative arrangements,” Minister Rambukwella  told at a Twitter Space discussion titled “Policy making to menstruate with confidence”.

“Because alternative arrangements might result in some kind of ill health and then lead to various other complications which might be more detrimental.”

In the local market, both local and imported sanitary pads are available costing between 350- 800 rupees increasing from around 110 rupees a year earlier.

Majority of the market is dominated by the international brands and more females tend to purchase international brands than the local brands due to high quality.

“The reason why we have imposed a fairly heavy tax on it is to make sure and ensure that the local industry is benefited. So the competition might not be the same,” Rambukwella said.

He further said, the country must grow out of the thought of pads being a luxury item and think of it as a basic sanitary need in the world.

Minister also said the country must look into free or open market formats apart from the current mixed market economy.(Colombo/ Sep 21/2022)

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  1. sacre blieu says:

    Today, most families cannot afford food on the table and some only have one meal a day, what with the zooming cost of essentials and services including utilities. In modern society, the importance of hygiene cannot be overemphasized and so this need for menstruating females is an inescapable occurrence. Do not make their lives a misery, where females are targeted by evil men for their base desire.

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  1. sacre blieu says:

    Today, most families cannot afford food on the table and some only have one meal a day, what with the zooming cost of essentials and services including utilities. In modern society, the importance of hygiene cannot be overemphasized and so this need for menstruating females is an inescapable occurrence. Do not make their lives a misery, where females are targeted by evil men for their base desire.

Sri Lanka to introduce social security system: minister

ECONOMYNEXT – Sri Lanka’s Labour minister has said that they are set to introduce a comprehensive national social security system, covering all workers.

“The system will address the weaknesses of the current system and provide much-needed support to workers and their families,” Manusha Nanayakkara, Minister of Labour and Foreign Employment said on X (formerly known as Twitter).
He did not specify the details.

Nanayakkara also spoke of the need for robust social security when he met with exporters last week to discuss labor law reforms, boosting female workforce participation and attracting FDI.

Sri Lanka plans to reform labour laws for an export-oriented economy.

The pandemic and the economic crisis highlighted the need to improve the coverage of social security.

Studies have shown that Sri Lanka’s women are kept out of formal employment by childcare, elderly care and housework, as day care and elderly homes are either too expensive or too few.

The government imposed a Social Security Contribution Levy to increase its revenue last year. (Colombo/Sep27/2023)

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ECONOMYNEXT – Sri Lanka shares were picking up in trading on Wednesday morning.

Turnover was at 50 million. Trading in the Capital Goods Industry Group was driving turnover.

The All Share Price Index was up 0.37 percent or 41.78 points to 11,289.94, while the S&P SL20 was also up 0.68 percent or 21.66 points to 3,187.65.

Hatton National Bank, Commercial Bank and LOLC saw gains in morning trade, while Tokyo cement and Lanka Hospitals were trading down during morning trading. (Colombo/Sep27/2023)

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Sri Lanka rupee opens at 323.50/324.10 to the US dollar, bond yields stable

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A bond maturing on 01.08.2026 was quoted at 15.50/70 percent on Wednesday up from Tuesday’s close at 15.45/65 percent.

A bond maturing on 01.05.2028 was quoted at 14.50/55 percent from closing at Tuesday at 14.30/55 percent. (Colombo/Sep27/2023)

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