BIZ

Another tax imposed on rice

Published

1 year ago

September 20, 2022

editor

Some traders who are close associates of politicians are hoarding another 200,000 metric tons of rice imported from India, President of the United Rice Growers’ Association Muditha Perera said.

He said rice is being imported when there is a rice surplus in Sri Lanka.

He said that the production of rice in the previous 2020/21 Maha Season was 5 million metric tons. Despite this record harvest, Mr. Perera said rice was imported not due to a lack of harvest resulted in from organic farming but because of lack of commissions.

Meanwhile, he said that a social security tax of 2.5% would be imposed per kilo of rice from October 1, and this tax amount would also be added to a kilo of rice.

In order not to collect the tax amount from consumers, he said the new tax amount will have to be reduced when purchasing paddy from the farmer.

Mr. Perera said that the price of rice has gone up due to stubborn actions of one large-scale rice mill owner, and that this situation has arisen due to the lack of straightforwardness and decision making of the agricultural officials.

“The officials of the Agriculture Ministry kept mum while waiting for imported rice. Therefore, rice was imported on loan unnecessarily. It is a crime to try to use the country’s rice production for chicken feed when people don’t have anything to eat. Minister Mahinda Amaraweera has been misled,” he said.

He said that more than 700 small and medium scale rice mills and more than half of the large scale rice mills have been closed. However, he said the paddy harvest will increase in great quantity next year.

BIZ

Price of chicken reduced from midnight today

Published

12 hours ago

September 21, 2023

editor

Local poultry producers have agreed to reduce the price of chicken by Rs. 100 per kilogram, with effect from midnight today (Sep. 21).

The agreement was reached following a discussion with the Minister of Trade, Commerce and Food Security, Nalin Fernando, this afternoon.

Accordingly, a kilogram of chicken will now be sold at Rs. 1,150.

BIZ

Lanka Sathosa slashes prices of 6 essential food items

Published

2 days ago

September 20, 2023

editor

Lanka Sathosa, on Wednesday (20 Sep.), reduced the prices of six essential food items.

The price reduction will be in effect from today.

Accordingly, the prices of the following goods have been reduced:
• Soya meat – Rs.580 per kilogram (reduced by Rs.45)
• Local Potatoes – Rs.290 per kilogram (reduced by Rs.40)
• Thai sprats – Rs.1,100 per kilogram (reduced by Rs.30)
• Garlic – Rs.620 per kilogram (reduced by Rs.30)
• Big onions – Rs.195 per kilogram (reduced by Rs.15)
• Red lentils – Rs. 299 per kilogram (reduced by Rs.06)

BIZ

X to go behind paywall?

Published

3 days ago

September 19, 2023

editor

Elon Musk has suggested that all users of X, formerly called Twitter, may have to pay for access to the platform.

In a conversation with Israeli Prime Minister Benjamin Netanyahu, the billionaire said a payment system was the only way to counter bots.

“We’re moving to having a small monthly payment for use of the system,” the Tesla and SpaceX boss said.

The BBC approached X for further details but has not yet received a statement from the company.

It is unclear whether this was just an off-the-cuff comment, or a signal of firmer plans that have yet to be announced.

Mr Musk has long said that his solution for getting rid of bots and fake accounts on the social media platform is charging for verification.

Since taking over Twitter last year he has looked to incentivise users to pay for an enhanced service, which is now called X Premium.

This has been done by giving paid subscribers more features, like longer posts and increased visibility on the platform.

However, users can currently still use X for free.

Although there is a clear financial interest for the company to charge users, Mr Musk insisted that getting people to pay for the service is aimed at tackling bots.

“A bot costs a fraction of a penny” to make he said. “But if somebody even has to pay a few dollars or something, some minor amount, the effective cost to bots is very high”.

X Premium currently costs $8 (£6.50) a month in the US. The price differs depending on which country a subscriber is in.

The world’s richest person said that he was now looking at cheaper options for users.

“We’re actually going to come up with a lower tier pricing. So we just want it to be just a small amount of money,” he said.

“This is a longer discussion, but in my view, this is actually the only defence against vast armies of bots,” Mr Musk added.

However, a risk is that by putting X behind a paywall it may lose a large chunk of its users. That in turn, could drive down advertising revenue, which currently accounts for the vast majority of the company’s income.

Mr Musk’s conversation with the Israeli prime minister also touched on antisemitism on X.

The platform has been accused by the Anti-Defamation League (ADL) campaign group of not doing enough to stop antisemitic content.

In a statement, the organisation said that Mr Musk was “engaging with and elevating” antisemites.

Earlier this month, he said that the company would sue the ADL to “clear our platform’s name”.

In the conversation with Mr Netanyahu, Mr Musk reiterated that he was “against antisemitism”.

Mr Netanyahu accepted the balance between free speech and content moderation was a challenge but urged Mr Musk to get the balance right.

“I hope you find within the confines of the First Amendment, the ability to stop not only antisemitism… but any collective hatred of people that antisemitism represents,” he said.

“I know you’re committed to that”, Mr Netanyahu added.

(BBC News)