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People’s Bank branches open tomorrow

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Branches of the People’s Bank will remain open tomorrow (11) despite it being a Poya Holiday.

In an announcement, the bank says their branches will be open in order to open accounts for those eligible for Aswesuma benefit payments to open bank accounts.

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LP Gas prices to remain unchanged for July

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Litro Gas Lanka Limited and Laugfs Gas PLC  have said that LP gas prices will remain unchanged for the month of July.

Accordingly, the prices of Litro Gas cylinders are as follows;

  • 12.5kg – Rs. 3,690
  • 5kg – Rs. 1,482
  • 2.3kg – Rs. 694

The current district-wise prices are as follows; https://www.litrogas.com/price-list/ 

Meanwhile, prices of Laugfs Gas cylinders are as follows;

  • 12.5 kg – Rs. 4,100
  • 5kg – Rs. 1,645
  • 2kg – Rs. 658

The current district-wise prices are as follows; https://www.laugfsgas.lk/pricelist.php 

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CAA warns of improperly labeled salt products

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The Consumer Affairs Authority (CAA) has warned to prosecute importers and retailers selling salt without proper labels, including missing manufacturer/importer info and retail price.

The public is advised not to buy such products, while distributors have urged to maintain valid invoices with supplier details or face legal consequences.

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Printed book prices up by 20% due to VAT & NBT

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The National Book Traders Association says that the price of printed books has increased by 20% due to the imposition of Value Added Tax (VAT) and Nation Building Tax (NBT).

Sri Lanka Book Publishers’ Association President – Mr. Samantha Indeewara, made this statement while speaking at the annual anniversary event of the National Book Traders Association.

“The price of a book has increased by 20%, or about one-fifth. Officials are confusing the issue. Previously, there was a 15% VAT imposed on many items but there was no VAT on printed books. That’s what directly changed from 0% to 18%. Stationery previously had only 3% VAT. They are mixing up these two categories.”

“Around a week ago, there was a letter from the Presidential Secretariat stating that they are conducting an analysis regarding VAT and will subsequently provide an answer,” he added.
Meanwhile, Mr. Gamini Moragoda, patron of the National Book Traders Association, also expressed his views to the media on the matter:

“A VAT that is not levied in any other country in the world is being imposed on our books. The introduction of this tax from Jan. 2024, which didn’t exist in Sri Lanka for 75 years, is destroying the book industry. If this continues, a child will not be able to afford a single book in the future,” he pointed out.

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