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Orange prices increased exponentially!

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The price of a kilo of imported oranges has increased to Rs.1,990, fruit importers said.

They said the prices of fruits including oranges have to be increased due to the increase in import costs and taxes.

A few months ago, three imported oranges were sold at a price between Rs.100 and 200.

Imported oranges are the most sold orange variety in the Sri Lankan market due to the export of Sri Lankan oranges.

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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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