BIZ

Another 8 mn. eggs to Sathosa

Published

1 year ago

December 28, 2023

editor

In response to the continued high demand for eggs during the festive season, Sri Lanka State Trading (General) Corporation has released another eight million imported eggs to Sathosa stores island-wide.
Chairman Asiri Valisundara confirmed that the eggs have received approval from the Department of Animal Production and Health, ensuring their safety and quality.

These eggs will be available for purchase at Sathosa stores starting today.

Valisundara acknowledged the recent egg shortage at many stores, attributing it to the seasonal surge in demand.

To bridge this gap, he disclosed that approximately one million eggs are being imported daily to supplement local supplies.

(newsfirst.lk)

BIZ

CBSL warns of 21 companies conducting pyramid schemes

Published

18 hours ago

January 20, 2025

editor

Central Bank of Sri Lanka (CBSL) has conducted investigations and determined 21 companies as those that have engaged in pyramid schemes prohibited under Section 83 (C) of the Banking Act, No. 30 of 1988 as amended.

The companies are as follows :

press_20250120_notice_to_general_public_on_prohibited_pyramid_schemes_e Download

BIZ

Sathosa slashes brown sugar price

Published

3 days ago

January 18, 2025

editor

Lanka Sathosa, the only state owned supermarket chain in the country, has announced a price drop of brown sugar.

Accordingly, a kilo of brown sugar, which was Rs. 340, has been reduced to Rs. 300 by Rs. 40.

BIZ

SL – China currency swap agreement, renewed

Published

4 days ago

January 17, 2025

editor

The Central Bank of Sri Lanka and the People’s Bank of China, in December 2024, successfully renewed the Bilateral Currency Swap Agreement signed in 2021, for a period of another three (03) years, under the terms and conditions stipulated in the original agreement.

The CNY 10 billion (approximately USD 1.4 billion) currency swap facility reflects the financial cooperation between China and Sri Lanka.

Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, signed the agreement on behalf of the Central Bank of Sri Lanka, while Mr. Pan Gongsheng, Governor of the People’s Bank of China, signed on behalf of the People’s Bank of China.

(CBSL)