BIZ

Is Bandula behind attempts to remove Kimbulawala street food vendors?

Published

1 year ago

February 20, 2023

editor

The Urban Development Authority (UDA) has informed street food vendors near the walking path towards Parliament in Kimbulawala, to vacate the area.

Meanwhile, vendors suspect that this sudden order has been issued after Minister Bandula Gunawardana’s vehicle was rumoured to be caught in the traffic in the area last Friday.

However, one of the vendors told ‘Sri Lanka Mirror’ that they operate in an area of over 7,000 sq. metres and they even have an association.

He added that none of them had been professionally involved in the food and beverage industry in the past.

Noting that they had launched these stalls after becoming helpless without any means of income, he pointed out that they are now thriving and they are even capable of paying a monthly tax of Rs. Rs.300,000 to the government if necessary.

Meanwhile, ‘Sri Lanka Mirror’ also learns that several well-known business organizations are eyeing this location.

BIZ

Laugfs Gas also slashes prices

Published

4 hours ago

May 3, 2024

nipuni

Laugfs Gas has also reduced its LP gas prices with effect from midnight today (May 03) following the price reduction by Litro Gas.

Accordingly, the price of a 12.5kg cylinder has been reduced by Rs.275 to Rs. 3,840 while the the price of a 5kg cylinder has been reduced by Rs.110 to Rs.1,542.

BIZ

Litro gas prices reduced

Published

5 hours ago

May 3, 2024

nipuni

Litro Gas Lanka has reduced the prices of domestic LP gas cylinders with effect from midnight today (May 03).

According to Chairman of Litro Gas Lanka – Muditha Peiris, the price of the 12.5 kg cylinder has been slashed by Rs. 175 to Rs. 3,940 while the price of the 5 kg cylinder has been reduced by Rs. 70 to Rs. 1,582. The price of the 2.3 kg cylinder has been reduced by Rs.32 to Rs.740.

BIZ

CBSL updates pyramid scheme entity list

Published

5 hours ago

May 3, 2024

nipuni

The CID has yesterday (02) informed the Colombo Chief Magistrate that the Central Bank of Sri Lanka (CBSL) has banned 04 entities as entities that have conducted prohibited pyramid schemes.
The entities mentioned in court are : Beecoin App/Sunbird Foundation, Fast Win (Pvt) Ltd, Fruugo Online App/ Fruugo Online (Pvt) Ltd Genesis Business School/ Era Miracle (Pvt) Ltd.

In a recent public release, the CBSL previously named 08 entities including the 04 aforementioned ones, as ones that conduct / conducted prohibited pyramid schemes.

Since then, they have added the entity- Windex Trading to the list.