BIZ

School transport fares to be increased

Published

2 years ago

September 1, 2023

editor

School transport service fares would be increased by 5% with effect from Friday (1) following the fuel price hike that came into effect on Thursday (31) night, the All Island Inter District School Children Transportation Association said.

Its President N. M. K. Harischandra Padmasiri said the increase in Diesel price by Rs.35/- has made an impact on their services.

“When the government reduced the prices, we reduced our charges to provide relief to the parents. However, at this time we are facing serious issues due to the hike in diesel price and charges of other services including insurance,” he said.

Accordingly, the fee of Rs. 5,000/- will be increased by Rs. 250/- and the fee of Rs. 10,000/- will be increased by Rs. 500/-.

Decision on bus fare revision today

Meanwhile, sources at the National Transport Commission (NTC) said the bus fares are likely to be increased with the diesel price hike by Rs.35.

A senior NTC official said if the price of diesel is revised by more than 4 per cent, a revision must be made based on the price formula and added that a decision on the bus fare revision will be announced this afternoon.

Three-wheeler fares to remain unchanged

However, the All-Island Three-Wheeler Drivers and Owners Association said three-wheeler fares will not be increased despite the increase in fuel prices.

Its President Sudil Jayaruk said that they cannot put extra pressure on the people who are already suffering from economic difficulties.

BIZ

1st stock of imported coconut milk to undergo clearance, lab testing today

Published

19 hours ago

May 31, 2025

editor

The first consignment of imported coconut milk under the Government’s raw material importation programme is scheduled to undergo clearance and laboratory testing today (31), as part of a coordinated initiative by the Plantation Industries Ministry.

This initiative, approved by the Cabinet, aims to supply essential raw materials to industries linked to the coconut sector, aiming to reduce domestic coconut prices and support local manufacturers. The consignment currently under clearance includes products equivalent to 200 million coconuts. They are in the forms of frozen coconut milk, coconut milk powder and chunked coconut with testa (non-copra), imported as part of the programme initiated in March 2025. The stock will be used primarily in the coconut milk powder industry, which has been facing raw material shortages. The Plantation Industries Ministry expects this move to reduce the pressure on local coconut supplies and contribute to a drop in retail coconut prices.

(dailynews.lk)

(Except for the headline, this story, originally published by dailynews.lk has not been edited by SLM staff)

BIZ

BoC employees to strike over unpaid incentives

Published

3 days ago

May 29, 2025

editor

Employees of all Bank of Ceylon (BoC) branches have decided to walk out of service at 12.30 pm today (May 29).

The decision has been taken over the current management not taking the initiative to provide them with the 06-month incentive package approved by the Board of Directors, according to the Bank Employees’ Union.

Central Committee member of the Bank Employees’ Union – Najith Wijeratne, stated that they will initiate a token strike if this issue is not resolved by June 06.

BoC employees have also held lunchtime protests yesterday (May 28) in front of 22 branches in major cities islandwide.

BIZ

Imported salt released to market

Published

3 days ago

May 29, 2025

editor

The National Salt Ltd. says that 2,800 MT of salt imported from India have been released to the market.

It says the food-grade salt stock, which arrived on May 23, is being distributed to the market through local salt sales agents for consumer sale.

The Ministry of Industry and Entrepreneurship Development states that Lanka Salt Ltd. is importing 10,000 MT of salt, while over 100 importers, including those from Pettah, are bringing in an additional 100,000 MT.