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Hasitha Jayawardena appointed as Melstacorp Chairman

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Hasitha Jayawardena, son of late business tycoon Harry Jayawardena, has been redesignated as the Executive Chairman of Melstacorp and Distillaries Company effective 6 February. 

“Jayawardena has over 12 years of experience in the management of companies under the guidance of his late father Deshamanya D H S Jayawardena, in various diversified fields in the Group. 

“He has been managing and providing strategic direction to the plantation sector and leisure sector of Melstacorp Group. He also functions as the Managing Director of Stassen Group of Companies, ” a filing to the Colombo Stock Exchange said.

(dailymirror.lk)

(This story, originally published by dailymirror.lk has not been edited by SLM staff)

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More restrictions on vehicle imports eased

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The Ministry of Finance has issued a new gazette notification easing several more restrictions on vehicle imports, with effect from April 29, 2025.

The directive, issued by President Anura Kumara Dissanayake in his capacity as the Minister of Finance, Planning and Economic Development, paves the way for the clearance of several types of vehicles that had been stranded at ports due to previous restrictions.

Commenting on the development, Chairman of the Sri Lanka Vehicle Importers’ Association Prasad Manage said: “We’ve been unable to clear these vehicles for the past one and a half to two months. With the new gazette, we can now release hybrid models such as the Toyota Raize and the Nissan X-TRAIL. Other hybrid vehicles using similar technology have also been approved for clearance.”

In a related move, the government has also lifted the ban on the import of unregistered new motorcycles. A separate gazette notification has been issued allowing the import of new motorcycles under a licensed import scheme.

(adaderana.lk)

(Except for the headline, this story, originally published by adaderana.lk has not been edited by SLM staff)

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Fuel prices slashed

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The CPC has reduced fuel prices with effect from midnight today (April 30).

The price reductions of a litre of fuel are as follows : 
Octane 92 Petrol – reduced by Rs.06 to Rs.293
Octane 95 Petrol – reduced by Rs.20 to Rs.341
Auto Diesel – reduced by Rs.12 to Rs.274
Super Diesel – reduced by Rs. 06 to Rs.325
Kerosene – reduced by Rs.05 to 178

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Laugfs Gas says no price revision in May

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Laugfs Gas PLC, one of the two largest liquefied petroleum (LP) gas suppliers in the country, announced that the company will not revise domestic LP gas prices for the month of May 2025.

This was communicated by the Cluster Director/CEO of Laugfs Gas PLC, Dr. Niroshan J Peiris.

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