Sathosa to be closed down?

Published

11 months ago

June 17, 2023

editor

The Ministry of Trade has reportedly decided to close down the state owned retail network ‘Sathosa’ and hand over its assets to the ministry, due to continuous losses over several years.

Minister of Trade – Nalin Fernando has said that a final decision on whether Sathosa will be liquidated will be taken after discussions with the Ministry of Finance.

He added that if it is decided to liquidate Sathosa, a decision regarding the chain’s staff will have to be taken after discussing with the Labour Ministry.

The minister has also said that much of the losses are from the transport division and from the buildings of the chain.

A similar decision was set to be executed in 2005, but was halted due to the stiff opposition raised by the Sathosa staff.

Kottu, Fried Rice prices reduced

Published

3 days ago

May 3, 2024

nipuni

The All Ceylon Restaurant Owners’ Association has decided to reduce prices of several food items, following the reduction in gas prices that was announced earlier today (May 03).

Accordingly, the Association announced that the prices of Fried Rice and Koththu will be reduced by Rs. 20 while prices of shorteats will be reduced by Rs. 10.

However, prices of plain tea and milk tea are to remain unchanged, the Association adds.

Laugfs Gas also slashes prices

Published

3 days ago

May 3, 2024

nipuni

Laugfs Gas has also reduced its LP gas prices with effect from midnight today (May 03) following the price reduction by Litro Gas.

Accordingly, the price of a 12.5kg cylinder has been reduced by Rs.275 to Rs. 3,840 while the the price of a 5kg cylinder has been reduced by Rs.110 to Rs.1,542.

Litro gas prices reduced

Published

3 days ago

May 3, 2024

nipuni

Litro Gas Lanka has reduced the prices of domestic LP gas cylinders with effect from midnight today (May 03).

According to Chairman of Litro Gas Lanka – Muditha Peiris, the price of the 12.5 kg cylinder has been slashed by Rs. 175 to Rs. 3,940 while the price of the 5 kg cylinder has been reduced by Rs. 70 to Rs. 1,582. The price of the 2.3 kg cylinder has been reduced by Rs.32 to Rs.740.