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Lanka Sathosa slashes prices of 9 essential food items

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The prices of nine essential food items will be reduced with effect from tomorrow (Aug. 17), Lanka Sathosa announced today.

Issuing a release in this regard, Lanka Sathosa explained that the decision to revise the prices of nine essential food items was taken in a bid to ease the burden on consumers.

The price revisions are as follows :

• LSL milk powder (400g) – Rs. 970 (reduced by Rs. 29)

• Thai sprats –  Rs.1160 per kilogram (reduced by Rs. 15)

• Brown sugar – Rs.350 per kilogram  (reduced by Rs.10)

• Soya meat – Rs.625 per kilogram  (reduced by Rs.25) 

• Potatoes – Rs.325 per kilogram  (reduced by Rs.05)

• Basmati rice – Rs.675 per kilogram  (reduced by Rs.15)

• Garlic – Rs.630 per kilogram  (reduced by Rs.05)

• Red raw rice (Rathu Kekulu) – Rs.147 per kilogram  (reduced by Rs.02)

• Chickpeas – Rs.555 per kilogram  (reduced by Rs.05)

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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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