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Asia Capital appoints Raju Radha as MD

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Asia Capital PLC, a prominent player in the business landscape, has announced the appointment of Raju Radha as its new Managing Director.

Radha, previously serving as an Independent Non-Executive Director, has transitioned into the role of Executive Director, bringing a wealth of expertise and experience to his new position.

With a B.Sc. in Business Management from the University of London, Radha boasts a diverse background in various business domains, including shipping, logistics, media, property development, and trading.

His extensive career includes key roles such as Managing Director of Sea Services Ltd. (the first Sri Lankan ship-owning feedering company), Director of Greenlanka Shipping Ltd., and Chairman of Vauxhall Shipping Ltd. (a joint venture with Aitken Spence PLC).

Radha has played pivotal roles in media as the founder Director of Radaan Media Works India Ltd. and a Director of Radaan Talent Factory (a joint venture with Capital Maharaja).

Currently, he holds the position of Managing Director at SAR Shipping Ltd., SAR Maritime Ltd., SAR Trading Ltd., and serves as the Chief Operating Officer of Greenlanka Property Developer Ltd.

The strategic appointment comes amid a dynamic period for Asia Capital PLC, signaling a focused effort to leverage Radha’s extensive knowledge and leadership acumen. Malaysia’s Vijayeswaran S Vijayaratnam, controlling over 80% stake in Asia Capital, emphasizes a commitment to steering the company towards continued success under Radha’s guidance.

Raju Radha’s elevation to Managing Director is poised to contribute significantly to Asia Capital PLC’s ongoing growth and diversification initiatives, solidifying its position as a key player in the business landscape.

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Kottu, Fried Rice prices reduced

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The All Ceylon Restaurant Owners’ Association has decided to reduce prices of several food items, following the reduction in gas prices that was announced earlier today (May 03). 

Accordingly, the Association announced that the prices of Fried Rice and Koththu will be reduced by Rs. 20 while prices of shorteats will be reduced by Rs. 10.

However, prices of plain tea and milk tea are to remain unchanged, the Association adds.

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Laugfs Gas also slashes prices

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Laugfs Gas has also reduced its LP gas prices with effect from midnight today (May 03) following the price reduction by Litro Gas.

Accordingly, the price of a 12.5kg cylinder has been reduced by Rs.275 to Rs. 3,840 while the the price of a 5kg cylinder has been reduced by Rs.110 to Rs.1,542.

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Litro gas prices reduced

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Litro Gas Lanka has reduced the prices of domestic LP gas cylinders with effect from midnight today (May 03).

According to Chairman of Litro Gas Lanka – Muditha Peiris, the price of the 12.5 kg cylinder has been slashed by Rs. 175 to Rs. 3,940 while the price of the 5 kg cylinder has been reduced by Rs. 70 to Rs. 1,582. The price of the 2.3 kg cylinder has been reduced by Rs.32 to Rs.740.

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