BIZ

Customs duty on milk powder is reimposed; Special commodity levy on eggs reduced

Published

1 year ago

August 27, 2023

editor

The Treasury has withdrawn the duty waiver granted for imported milk powder.

The decision has been taken with the aim of adjusting to world market prices, a senior official said. Accordingly, the applicable Customs import duty on the importation of powdered milk is 20% or Rs. 225 for a kilogram, whichever is higher, the Treasury states.

Meanwhile, the Treasury has reduced the special commodity levy on imported eggs from Rs. 50 an egg to Rs. 1 to encourage private sector imports. So far only the state sector has been importing eggs from India.

Egg prices have been dropping steadily after the removal of price controls and the import of eggs from India.

However, local producers said if the government reduced the taxes imposed on food items used in the poultry industry they could further reduce prices.

BIZ

New board of directors appointed for SriLankan Airlines

Published

1 day ago

October 10, 2024

editor

Sarath Ganegoda has been appointed as the new Chairman of SriLankan Airlines, effective from October 9.

Alongside his appointment, a new Board of Directors has been announced for Sri Lanka’s national carrier under his leadership.

New Board of Directors of SriLankan Airlines:
1. Sarath Ganegoda (Chairman)
2. Buddhika Hewawasam
3. Sugath Rajapakse
4. Eranga Rohan Peiris Goonetilleke
5. D. Arandara
6. Ananda Athukorale
7. Lakmal Ratnayake
8. Niranjan Arulpragasam

Ganegoda, a respected business leader, is currently the Group Executive Director of Hayleys PLC and the Deputy Chairman of Alumex PLC.

He has held senior management roles in both local and international companies and is a Fellow of CA Sri Lanka, as well as a member of the Chartered Management Accountants of Australia.

BIZ

Trishaw fares revised

Published

2 days ago

October 9, 2024

editor

Three-wheeler fares have been revised as of today (Oct. 09).

According to Mr. Jeewinda Keerthiratne, who heads the three wheel bureau of the Road Passenger Transport Authority, the first kilometer remains at Rs. 100 while the second kilometer will be Rs. 85.

BIZ

Egg prices spike again

Published

2 days ago

October 9, 2024

editor

Egg prices have upped again after the recent price drop.

The price of an egg was seen reduced to Rs. 30 in local markets recently but had spiked to over Rs. 40 this week.

Chairman of Sri Lanka Livestock Producers Association – Ajith Gunasekara stated that several factors have impacted the relevant price hike.

Speaking at yesterday’s Cabinet briefing, Cabinet spokesman – Minister Vijitha Herath said that they are looking to stabilize the prices of chicken feed which will in return control egg prices.