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Rage Coffee launched in Sri Lanka (Pics)

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Popular Indian coffee product – Rage Coffee was launched into the Sri Lankan market yesterday (14).

With crystalized coffee beans sourced from Ethiopia and India, Rage promises a superior cup of 100% plant based coffee with a higher caffeine hit coming in a variety of blends to kickstart the day.

The product range features the more cost effective option – Silk Blend range, which includes blends such as Belgian Chocolate, Vanilla Velvet and Creamy Hazelnut. The premium range includes blends such as Irish Hazelnut, Dark Chocolate, Creme Caramel, French Vanilla and Butterscotch Delight.

Rage coffee is exclusively retailed in Cargills outlets while online orders can be placed via its website – www.RageCoffee.lk

The product is a brainchild of Bharat Sethi and was initially launched in 2018 in India. India’s star cricketer – Virat Kohli is also a partner and brand ambassador of Rage Coffee.

It is being brought down to Sri Lanka as a part of the diverse portfolio of imports by Staple Mark, a subsidiary of Cliphs Pvt. Ltd. led by Arunen Vengadasalam, which is one of Sri Lanka’s largest stationery suppliers and distribution.

Addressing the launch, Mr. Arunen Vengadasalam said, “When we discovered how other leading instant coffee producers serve their product we were inspired to look within the market for a product of much higher quality and nutrition. Where other instant coffee producers digress so far as to use the shells of the coffee beans that have fallen on the floor and should actually be disposed of, we sourced a producer who values and prioritizes the finest coffee grounds…”

“Rage is designed to cater to all tastes and preferences. We believe Sri Lanka deserves the best and Rage Coffee is our way of contributing to the rich tapestry of flavours that make this country unique,” he added.

Sri Lanka’s evolving coffee culture, where people are exploring increasingly diverse flavours, has presented the ‘perfect opportunity’ for us to introduce Rage Coffee, he further noted.

In a recorded statement, Mr. Bharat Sethi, founder and CEO of Rage Coffee also extended his thanks to Mr. Vengadasalam and the Staple Mark team for partnering with them and their vision of  “making Rage Coffee the go to and most prolific coffee brand for all Sri Lankans.”

(Pics : Shanika Jayasekara)

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Over 18,000MT of salt imported to address shortage

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Sri Lanka has imported 18,163 MT of salt between May 22 and June 07, according to Customs.

The total cost of these imports amounted to approximately Rs.1,291 million, with Rs.720 million paid as taxes.

The imports are part of efforts to address the ongoing salt shortage, with a total target of 30,000 MT to be brought into the country.

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CBSL advises banks to further assist affected SMEs

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The Central Bank of Sri Lanka (CBSL), with a view to facilitating sustainable revival of businesses that were adversely affected during the recent past has advised the licensed commercial banks and licensed specialised banks (hereinafter referred to as licensed banks) to provide further concessions to those SME borrowers who commenced discussions for business revival with the respective banks by 31.03.2025. 

These relief measures are in line with Circular No. 04 of 2024 dated 19.12.2024 on Relief Measures to Assist the affected SMEs and the Addendum Circular No. 01 of 2025 dated 01.01.2025.

Accordingly, licensed banks have been advised to provide further concessions including interest reliefs and new lending to affected borrowers while the timeline given to the licensed banks in Circular No. 04 of 2024 to enter into reschedulement agreements with eligible SME borrowers has been extended from 15.06.2025 to 30.06.2025.

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Qantas to close budget airline Jetstar Asia

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Singapore-based budget airline Jetstar Asia will close down at the end of July, its Australian owner Qantas has announced.

The low-cost carrier has struggled with rising supplier costs, high airport fees and increased competition from other airlines in the region.

Qantas says the closure will provide it with A$500m ($325.9m; £241.4m) to invest towards renewing its fleet of aircraft, adding that it will redeploy 13 planes for routes across Australia and New Zealand.

The closure of Jetstar Asia will not impact its Australia-based Jetstar Airways operations, nor those of Jetstar Japan, according to a statement from Qantas.

“We have seen some of Jetstar Asia’s supplier costs increase by up to 200 per cent, which has materially changed its cost base,” said Qantas Group Chief Executive Vanessa Hudson in the statement.

The discount airline, which has operated flights for over 20 years, is set to make a A$35m loss this financial year.

(BBC News)

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