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MRP fixed on several imported items

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A gazette notification has been issued yesterday (1) imposing a Maximum Retail Price (MRP) on five types of imported items.

Accordingly, fixed prices have been introduced on pre-packaged goods of confectionery, chocolates, biscuits, cakes and soap.

In addition to the Maximum Retail Price, it has been made compulsory to have the name and the registered address of the importer on packaging in English at the point of entry to the Country.

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Sinopec to import and market SL products (Pics)

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Sinopec, the giant oil company with over 27,000 service stations in China, entered into an agreement with the Beijing Sri Road Connection Trade Company Limited during the Shanghai CIIE, to import and market Sri Lanka Food and Beverage products at their convenience stores. The contract is worth over USD 0.8 million.

The agreement between Sinopec and Beijing Sri Road will facilitate further expansion of Sri Lanka F & B products in the lucrative Chinese market., CEO of Beijing Sri Road Connection Trade Company Limited Chiranjaya Udumullage, and Deputy Manager of International Sales of Sinopec Wang Qian signed the agreement.

In a statement, the Embassy of Sri Lanka in Beijing notes, “This connect with Sinopec is indeed special, as this year is a significant landmark for both Sri Lanka and China. The year commemorates the 65th Anniversary of establishing bilateral diplomatic relations between the two countries and the 70th anniversary of the Rubber – Rice Pact.”

The 5th China International Import Expo (CIIE) in Shanghai was held from 5 to 10 November, 2022. There were two Sri Lankan pavilions; Food & Beverage and the Gems and Jewellery section. The China – Sri Lanka Association for Trade and Economic Cooperation voluntarily took charge and organized the Sri Lanka pavilion with the support of the Embassy of Sri Lanka and member companies of the Association and others. This is the 5th time that Sri Lanka has participated, maintaining a presence at the event. This presence is considered essential since companies which participated in the CIIE were able to achieve remarkable success with daily sales at the pavilion topping RMB 500,000 and over 160 trade inquiries.

The CIIE is the largest trade Fair in China for global companies to access the biggest consumer market in the world; the Chinese market.

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Litro to release 100,000 gas cylinders daily

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Litro Gas Company said that it would release 100,000 gas cylinders to the market daily.

Its Chairman Muditha Peiris said that gas cylinders will be released to the market without any shortage during the festive season.

He also said that a ship carrying 3,740 metric tons of gas arrived in Sri Lanka yesterday (30).

Mr. Peiris said the required amount of LP gas has been ordered to meet the increasing demand during the festive season.

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Sathosa slashes prices of 4 essential food items

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Lanka Sathosa says it has decided to reduce the prices of four essential food items with effect from tomorrow (Dec.01).

The revised prices are as follows;

  • A Kilo of Red Raw Rice has been reduced by Rs. 06 to Rs. 199
  • A Kilo of Keeri Samba has been reduced by Rs. 15 to Rs. 225
  • A Kilo of Big Onions has been reduced by Rs. 30 to Rs. 225
  • A Kilo of Sprats has been reduced by Rs. 150 to Rs. 1150

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