BIZ

MRPs to be imposed on several key items – Minister

Published

6 months ago

December 16, 2024

editor

Minister Wasantha Samarasinghe has said that the government has decided to impose maximum retail prices on a range of essential items in the future.

He made these remarks today (Dec. 16).

Highlighting the disparity between the production cost and market price of goods, the minister pointed out, “A water bottle that sells for Rs. 100 can be sold for less than Rs. 40. A packet of salt, produced at a cost of Rs. 52, is being sold for Rs. 100.”

Meanwhile, according to an official of the Consumer Affairs Authority (CAA), products that are expected to come under MRPs include bakery products such as bread, drinking water bottles, locally produced salt, imported essential food items such as dhal, onions and potatoes as well as several food items at restaurants such as fried rice and Kottu.

(Source : Lankadeepa)

BIZ

Standard egg prices to be announced daily via SMS

Published

2 days ago

June 20, 2025

editor

Chairman of the All-Ceylon Egg Producers’ Association, R.M. Sarath Rathnayake has said new measures to announce daily standardized egg prices will be introduced from next Monday (June 23) to ensure fair pricing for consumers.

The prices covering wholesale, retail, and intermediary rates will be communicated daily at 5.00am via SMS to small, medium, and large-scale egg producers, as well as bakery owners, food manufacturers, and hotels through the number 070-7030700.

He warned of recent practices where eggs were bought at Rs.15-18 and stockpiled, stating such actions will no longer be tolerated.

He also criticized groups posing as “egg associations” without actual farming experience.

The cost of producing an egg is around Rs.28 for large farms, Rs.29-30 for medium range farms, and Rs.32 for small-scale producers, he further said.

BIZ

16 bn. Apple, Facebook, Google passwords exposed

Published

2 days ago

June 20, 2025

editor

A staggering 16 billion passwords to Apple, Facebook, Google, and various US government services have been leaked online, triggering global security alerts in what experts are calling the most significant data breach in history.

The mammoth security breach has forced Google to urge billions of users to change their passwords immediately.

At the same time, the FBI has issued warnings to Americans about opening suspicious links in SMS messages.

Cybersecurity experts at Cybernews, who investigated the breach, discovered a whopping 30 exposed datasets containing between tens of millions and over 3.5 billion records each.

Perhaps most alarmingly, researchers confirmed that nearly all these exposed datasets contain previously unreported information, making this an entirely fresh security crisis.

“This is not just a leak – it’s a blueprint for mass exploitation,” the researchers said via Forbes this week.

(news.com.au)

BIZ

New chairman appointed to CSE

Published

3 days ago

June 19, 2025

editor

Dimuthu Abeyesekera has been appointed as the new Chairman of the Colombo Stock Exchange (CSE).

The CSE announced that Mr. Abeyesekera brings over 35 years of experience in the capital markets and has served on the CSE Board for the past six years.

He currently serves as the Director/CEO of Asha Securities Ltd, which is affiliated with Phillip Capital Singapore, a specialized financial services organization managing assets worth over US$ 35 billion with a network of offices around the world.

Abeysekera also currently serves as the Director at Asha Financial Services Ltd, a specialised margin Trading Company in Colombo.