BIZ

Govt. terminates bidding process for SriLankan Airlines

Published

5 months ago

July 19, 2024

editor

The Cabinet at a July 9th meeting has decided to terminate the current bidding process for the divestiture of national carrier Sri Lankan Airlines, a State Owned Enterprises Restructuring Unit statement has said.

The statement further adds that instead, “alternate strategy to be decided shortly, to divest the airline base on a framework approved by Cabinet of Ministers”.
Colombo called for bids in September to sell SriLankan Airlines, a key IMF demand when granting a bailout loan to the country last year.

Six firms had initially expressed interest in taking a stake in the airline, which owed more than $2.0 billion at the end of the 2022/2023 financial year.

The government announced in April a shortlist of three potential investors, including Malaysia’s Air Asia.

BIZ

No change in Litro Gas prices for December

Published

6 hours ago

December 3, 2024

editor

The Litro Gas Company says that the prices of its domestic LP Gas cylinders will remain unchanged for the month of December 2024.

Chairman of Litro Gas – Channa Gunawardena stated that the company decided to keep the prices of LP gas cylinders unchanged despite the price hike in the global market, in order to provide relief to the consumers.

Accordingly, the prices of Litro LP gas domestic gas cylinders will remain unchanged as follows:

12.5kg – Rs. 3,690
05kg – Rs. 1,482
2.3kg – Rs. 694

BIZ

Special Commodity Levy on big onions, slashed

Published

2 days ago

December 1, 2024

editor

The Special Commodity Levy imposed on imported big onions, has been reduced by Rs. 20 to Rs. 10 per kilogram.

This will be in effect during the period from today (Dec. 01) to December 31, 2024.

However, it has been decided to keep the Special Commodity Levy imposed on imported potatoes unchanged.

Announcing the decision, a media release issued by the Ministry of Finance, Planning and Economic Development states that the move comes amid a notable rise in the market price of onions.

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BIZ

‘Will take decision if Laugfs Gas fails to supply gas’

Published

3 days ago

December 1, 2024

editor

The government will take a decision if Laugfs Gas fails to intervene to import and supply LP gas to the consumers, Minister of Trade, Commerce, Food Security and Cooperative Development Wasantha Samarasinghe has said.

He told reporters that there is no shortage of LP gas supplied by Litro Gas.

‘We have two LP gas companies, Litro and Laugf in our country. There is no shortage in Litro gas at the moment. Laugf Gas must explain the reasons for the shortage in Laugf gas in the market. If Laugf Gas fails to intervene to import and supply gas, the government has to take a decision. There is ample stocks with Litro gas. If gas cylinders have to be changed to find solutions to the issues faced by the gas consumers, the government will have to take a decision regarding that soon,” he has said.