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Rage Coffee launched in Sri Lanka (Pics)

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Popular Indian coffee product – Rage Coffee was launched into the Sri Lankan market yesterday (14).

With crystalized coffee beans sourced from Ethiopia and India, Rage promises a superior cup of 100% plant based coffee with a higher caffeine hit coming in a variety of blends to kickstart the day.

The product range features the more cost effective option – Silk Blend range, which includes blends such as Belgian Chocolate, Vanilla Velvet and Creamy Hazelnut. The premium range includes blends such as Irish Hazelnut, Dark Chocolate, Creme Caramel, French Vanilla and Butterscotch Delight.

Rage coffee is exclusively retailed in Cargills outlets while online orders can be placed via its website – www.RageCoffee.lk

The product is a brainchild of Bharat Sethi and was initially launched in 2018 in India. India’s star cricketer – Virat Kohli is also a partner and brand ambassador of Rage Coffee.

It is being brought down to Sri Lanka as a part of the diverse portfolio of imports by Staple Mark, a subsidiary of Cliphs Pvt. Ltd. led by Arunen Vengadasalam, which is one of Sri Lanka’s largest stationery suppliers and distribution.

Addressing the launch, Mr. Arunen Vengadasalam said, “When we discovered how other leading instant coffee producers serve their product we were inspired to look within the market for a product of much higher quality and nutrition. Where other instant coffee producers digress so far as to use the shells of the coffee beans that have fallen on the floor and should actually be disposed of, we sourced a producer who values and prioritizes the finest coffee grounds…”

“Rage is designed to cater to all tastes and preferences. We believe Sri Lanka deserves the best and Rage Coffee is our way of contributing to the rich tapestry of flavours that make this country unique,” he added.

Sri Lanka’s evolving coffee culture, where people are exploring increasingly diverse flavours, has presented the ‘perfect opportunity’ for us to introduce Rage Coffee, he further noted.

In a recorded statement, Mr. Bharat Sethi, founder and CEO of Rage Coffee also extended his thanks to Mr. Vengadasalam and the Staple Mark team for partnering with them and their vision of  “making Rage Coffee the go to and most prolific coffee brand for all Sri Lankans.”

(Pics : Shanika Jayasekara)

BIZ

CSE to close early for LG polls

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The Colombo Stock Exchange (CSE) has announced that trading hours will be shortened on May 06, in view of the Local Government Elections.

On that day, trading, which commences at 9.30am, will conclude at 12:30pm – two hours earlier than the usual closing time of 2:30pm.

The CSE stated that the decision was made to accommodate the convenience of investors, staff, and other market participants during the election day.

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Coconut prices soar

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Consumers are struggling due to a sharp rise in coconut prices across the country.

Traders say large coconuts now sell for Rs.200 – 250, while smaller ones range from Rs.175 – 190.

The steep price hike is straining household budgets and impacting small businesses that depend on coconuts for daily food preparation.

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More restrictions on vehicle imports eased

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The Ministry of Finance has issued a new gazette notification easing several more restrictions on vehicle imports, with effect from April 29, 2025.

The directive, issued by President Anura Kumara Dissanayake in his capacity as the Minister of Finance, Planning and Economic Development, paves the way for the clearance of several types of vehicles that had been stranded at ports due to previous restrictions.

Commenting on the development, Chairman of the Sri Lanka Vehicle Importers’ Association Prasad Manage said: “We’ve been unable to clear these vehicles for the past one and a half to two months. With the new gazette, we can now release hybrid models such as the Toyota Raize and the Nissan X-TRAIL. Other hybrid vehicles using similar technology have also been approved for clearance.”

In a related move, the government has also lifted the ban on the import of unregistered new motorcycles. A separate gazette notification has been issued allowing the import of new motorcycles under a licensed import scheme.

(adaderana.lk)

(Except for the headline, this story, originally published by adaderana.lk has not been edited by SLM staff)

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