BIZ

China, Australia & US to enter SL fuel market

Published

9 months ago

March 27, 2023

editor

Minister of Power and Energy, Kanchana Wijesekera today (27) said that cabinet approval was granted today to award licenses to Sinopec, United Petroleum, Australia and RM Parks of USA in a collaboration with Shell PLC to enter the fuel retail market in Sri Lanka.

“Energy Committee & relevant other procurement committees had given their approval & recommendation to award the 3 companies the licenses to operate. The 3 companies will be allocated 150 Dealer operated fuel stations each which are currently operated by CPC. They will be granted a license to operate for 20 years to import, store, distribute and sell petroleum products in Sri Lanka. A further 50 fuel stations at New locations will be established by each selected company,” he had further Tweeted.

2) Energy Committee & relevant other procurement committees had given their approval & recommendation to award the 3 companies the licenses to operate. The 3 companies will be allocated 150 Dealer operated fuel stations each which are currently operated by CPC. They will be…
— Kanchana Wijesekera (@kanchana_wij) March 27, 2023

BIZ

Operating hours of liquor stores, revised

Published

4 hours ago

December 8, 2023

editor

The Excise Department has announced changes to the operating hours of liquor shops, effective from tomorrow (December 09).

According to the revised schedule, liquor shops will be open from 8:00 a.m. to 10:00 p.m.

The detailed list of times is as follows :

BIZ

Deadline extensions for SLT & Srilankan bids

Published

2 days ago

December 7, 2023

editor

The deadline to submit expressions of interest for Sri Lanka Telecom and SriLankan Airlines have been extended on investor requests, Director General of the State Enterprises Restructuring Unit, Suresh Shah said.

The date to express interest for Sri Lanka Telecom was extended to January 12, 2024, from December 18.

The date for SriLankan Airlines was extended to January 09, 2024 from December 05.

The government is selling majority stakes in the firm.

The SRU will issue requests for proposal documents to qualified investors who express interest.

Source – economynext.com

BIZ

Cinnamon prices drop in SL

Published

2 days ago

December 6, 2023

editor

Cinnamon prices have dropped in the Sri Lankan market, the Department of Agriculture states.

Alba cinnamon, which is the highest grade of Ceylon cinnamon available in the local market, is sold between Rs. 4,800 – Rs. 5,000 per kilo which is a drop of Rs. 500.

This will lead to serious economic issues for those at the grassroot level of the industry, whose livelihood is cinnamon cultivation.