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Sathosa imports 48 rice containers unsuitable for consumption! 

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A large stock of rice in 48 containers imported by Sathosa between January and July this year was unsuitable for human consumption, sources said.

Accordingly, sources at Sathosa said a stock of 156,000 kilograms of imported rice cannot be sold due to inferior quality and stocks of Nadu, Samba, Keeri Samba, Super Samba and Basmati were among them.

These imported rice stocks are stored in warehouses at Anuradhapura, Kurunegala, Welisara and Ratmalana.

According to Sathosa’s internal sources, these stocks are unfit for human consumption due to fungal infections and worm and pest infestations etc.

In response, Trade, Commerce and Food Safety Minister Nalin Fernando said that some rice containers were already damaged during the process of importation.

Source – Aruna

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Special commodity levy on imported onions & rice, slashed

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The special commodity levy on imported onions and rice has been reduced with effect from yesterday (March 27).

Thereby, the Special Commodity Levy of Rs. 65 per 1kg of rice has been dropped to Rs. 1 until April 03, 2024.

In addition, the tax levied from imported Rose Onions have been slashed to Rs. 10 per kilogram until April 30, 2024.

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McDonald’s local franchisee not under our group – Abans

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Abans PLC has stated that the local franchisee of McDonald’s is not under their group of companies.

The company had made the clarification in a letter to the Colombo Stock Market.

The letter notes that the local franchisee of McDonald’s is International Restaurant Systems (Private) limited incorporated under the Companies Act No. 7 of 2007. The majority shareholder of the said company is Mr. Rusi Pestonjee who owns a 98.73% stake in that company, and who is also the Managing Director of Abans PLC.

“International Restaurant Systems (Private) Limited is not a subsidiary nor an associate of Abans PLC or its parent company Abans Retail Holdings (Private) Limited. Due to the said reason, the financials of International Restaurant Systems (Private) Limited are not consolidated with the financials of Abans PLC,” the letter adds.

The letter is as follows :

Related News :
Court issues enjoining order against Abans MD

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Japanese investor steps in for floating market project

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A Japanese investor has entered into an agreement with the Urban Development Authority (UDA) the revive the Floating market in Pettah, Colombo.

A Memorandum of understanding was signed between the Japanese investor Akira Hirose and UDA Chairman Nimesh Herath for the maintenance and management of the Floating Market.

Under the MOU the location is to be developed as a floating market complex aimed at attracting tourists within a six month period.

The floating market project was opened in 2014 by the then Secretary of the Defence and Development Ministry Gotabaya Rajapaksa and Rs 352 million was spent on the project with the objective of recovering 50 per cent of the expenses within five years, but the project failed.

It was reopened in April 2021 when Gotabaya Rajapaksa was the President, after Rs 25 million was spent on the project, but it was a failure again.

(sundaytimes.lk)

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