BIZ

MRPs to be imposed on several key items – Minister

Published

1 month 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

SL President holds talks with globally renowned Chinese companies (Pics)

Published

9 hours ago

January 16, 2025

editor

During his four-day state visit to China, President Anura Kumara Disanayake held a series of strategic discussions with several globally acclaimed leading Chinese corporations following his participation in an investment forum organized by both public and private sector entities in China.

Among the prominent companies involved in these discussions were the China Communications Construction Company Ltd (CCCC), China Petrochemical Corporation (SINOPEC Group), Metallurgical Corporation of China Ltd (MCC), Huawei and BYD Auto.

President Disanayake highlighted the investment opportunities available in Sri Lanka and assured these corporations that the government is committed to providing all necessary facilities and support to investors to foster a business-friendly environment.

Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath and Minister of Transport, Highways, Ports and Civil Aviation Bimal Rathnayake also participated in these significant engagements.

(President’s Media Division)

Mr. Wang Tongzhou – Chairman – China Communications Construction Company Ltd (CCCC)

Ms. Shi Dai – Director and President – China Merchants Group (CMG)

Mr. Ma Yongsheng – Chairman – Sinopec Corp

Mr. Jeff Wang – Senior Vice President – Huawei Technologies Co. Ltd.

BIZ

Tamarind prices skyrocket

Published

3 days ago

January 13, 2025

editor

A shortage of tamarind in the local market has led to retail prices soaring above Rs. 2,000 per kilogram in the Hatton area, reports say.

The retail price of a Tamarind kilo previously ranged from Rs. 350 – Rs. 400.
According to traders, the shortage is attributed to a poor tamarind harvest this season.