BIZ

Apple is the world’s first $1 trillion brand: Kantar

Published

1 week ago

June 13, 2024

editor

Kantar BrandZ’s Top 10 Most Valuable Global Brands 2024 has named Apple as the world’s first trillion-dollar brand, holding onto pole position for the third consecutive year.

Google, Microsoft, and Amazon join Apple atop the rankings, with McDonald’s rounding up the top 5.

Demonstrating how effective AI has become for driving brand value, NVIDIA has lept 18 places to crack the top 10 for the first time, holding sixth position with a 178% year-on-year brand value increase.

Facebook rejoined the Top 10 after a one-year absence, while Oracle joined the Top 10 for the first time.

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.