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Lanka Sathosa announces price decrease for several items

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The state-owned supermarket chain, ‘Lanka Sathosa’ has reduced the prices of several essential food items in view of the upcoming festive season.
Lanka Sathosa announced that the price reduction will be effective from today (Dec 15) until December 31, 2023.

The revised prices are as follows:

– Sathosa Milk Powder : reduced by Rs. 10
– Imported Tinned fish : 425g reduced by Rs. 55 /  155g reduced by Rs.10
– Local Tinned fish : 425g reduced by Rs. 20
– Imported & local potato per kilo : reduced by Rs. 15
– Red Nadu rice per kilo : reduced by Rs. 15
– White Nadu Rice : reduced by Rs. 05

– Chickpeas per kilo : reduced by Rs. 05

In addition a kilo of sugar and Big Onions can be purchased at Rs. Rs. 275 and Rs. 400 while an egg is priced at Rs. 35.

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Registration compulsory for all money changers 

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The Central Bank has issued a notice making it compulsory for all money exchange institutions to be registered with the Central Bank and regulated by it. 

The CB order is in effect from 3 June 2024. 

The Central Bank states that all money changers who are currently not registered will now receive the opportunity to provide such services in a systematic and regulated manner. 

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Apple is the world’s first $1 trillion brand: Kantar

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Kantar BrandZ’s Top 10 Most Valuable Global Brands 2024 has named Apple as the world’s first trillion-dollar brand, holding onto pole position for the third consecutive year. 

Google, Microsoft, and Amazon join Apple atop the rankings, with McDonald’s rounding up the top 5.

Demonstrating how effective AI has become for driving brand value, NVIDIA has lept 18 places to crack the top 10 for the first time, holding sixth position with a 178% year-on-year brand value increase. 

Facebook rejoined the Top 10 after a one-year absence, while Oracle joined the Top 10 for the first time. 

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Govt. to privatise SriLankan as part of IMF programme – CEO

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The government, as part of the International Monetary Fund (IMF) program, is looking to privatise several state-owned enterprises and one of those is the flag carrier of the island nation, said SriLankan Airline CEO Richard Nuttall.

Nuttal added that the airline is also looking for an investor. Three candidates have been finalised in April and the government is in talks with them.

Nutall said that no Indian company had shown interest in investing in the airline.

The airline hopes to grow its current fleet of 21 to 22 next month, with plans to obtain another three aircraft within the next three months.

Source: ANI

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