Expressway tolls to be upped by 50%?

Published

4 months ago

November 6, 2022

editor

It is reported that the government has decided to increase company taxes and expressway tolls in the next fortnight.

It is also said that the finance ministry officials are currently finalizing the percentages of company tax increases.

However, it is reported that everything is set to increase the expressway tolls by more than 50%.

In addition, the government has also planned to increase fees charged for the approval of housing plans and a number of service related charges, during this month.

It is reported that these taxe hikes are being imposed to increase government revenue from 65% to 90% of the GDP.

Reports also indicate that many Sri Lankans are also opting to migrate overseas due to the increase of all costs in the country.

Indian eggs to reach SL tomorrow

Published

2 days ago

March 18, 2023

editor

The first consignment of eggs imported from India will reach Sri Lanka tomorrow (March 19), the State Trading (General) Corporation says.

The shipment will carry two million eggs in total, according to a spokesperson of the corporation.

The Sri Lankan government decided to import eggs in a bid to control the soaring prices.

However, imported eggs will not be sold for general consumption but are to be used only for bakery manufacturing.

Meanwhile, it is recommended that gloves are used when handling imported eggs in the bakery industry and eggshells are safely discarded, ensuring that the remaining eggshells are not released to the environment under any circumstances.

BIZ

People’s Bank issues clarification

Published

3 days ago

March 17, 2023

editor

In a statement, People’s Bank has clarified that they have not received any direct or indirect requests or instructions from any state institution to close their accouts with the bank.

Previously, the state owned ‘Dinamina’ newspaper had reported that heads of government institutions have informed the Ministry of Finance that they will immediately move their existing accounts at the People’s Bank to other banks.

The media release issued by People’s Bank today (17), is as follows :

BIZ

Prima Noodles sued for misleading consumers!

Published

3 days ago

March 17, 2023

editor

The Consumer Affairs Authority (CAA) has filed a case against Ceylon Agro Industries Limited, which manufactures and distributes Prima Noodles, and Keells supermarket chain owned by John Keells Marketing Services (Pvt) Limited.

The case has been filed for continuing to display an advertisement for a raffle draw even after it has been ended.

The CAA filed the case against Prima and Keells under the case number B77686/05/2023 and has pointed out that these companies have deceived and misled the consumer.

Accordingly, the two companies were accused of misleading and deceiving the consumers by selling Prima Noodles with a sticker printed on it about a raffle draw even after it ended.