BIZ

Govt. to privatise SriLankan as part of IMF programme – CEO

Published

1 week ago

June 13, 2024

nipuni

The government, as part of the International Monetary Fund (IMF) program, is looking to privatise several state-owned enterprises and one of those is the flag carrier of the island nation, said SriLankan Airline CEO Richard Nuttall.

Nuttal added that the airline is also looking for an investor. Three candidates have been finalised in April and the government is in talks with them.

Nutall said that no Indian company had shown interest in investing in the airline.

The airline hopes to grow its current fleet of 21 to 22 next month, with plans to obtain another three aircraft within the next three months.

Source: ANI

BIZ

No justification for coconut oil price hike – Coconut Development Authority

Published

3 days ago

June 18, 2024

nipuni

The Coconut Development Authority has stated that there is no valid reason for a price increase of coconut oil in the local market.

CDA chairman – Prof. Roshan Perera has emphasized that there has been no tax hike on imported coconut oil.
Given the sufficient supply of coconut oil for domestic consumption, Prof. Perera asserted that any price increase is unjustifiable.

Additionally, a new regulatory program is being planned to control and stabilize coconut oil prices in the market, he added.

BIZ

Coconut oil price upped

Published

4 days ago

June 17, 2024

nipuni

The price of a litre of coconut oil has been increased by more than Rs. 100, the National Consumer Front (NCF) has said.

NCF Chairman Asela Sampath said that the price of a litre of coconut oil has been increased by between Rs. 180 and Rs. 200.

Accordingly, the current retail price of a coconut oil litre is Rs. 550.

BIZ

Registration compulsory for all money changers

Published

7 days ago

June 14, 2024

nipuni

The Central Bank has issued a notice making it compulsory for all money exchange institutions to be registered with the Central Bank and regulated by it.

The CB order is in effect from 3 June 2024.

The Central Bank states that all money changers who are currently not registered will now receive the opportunity to provide such services in a systematic and regulated manner.