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School transport fares to be increased

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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.

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Standard egg prices to be announced daily via SMS

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Chairman of the All-Ceylon Egg Producers’ Association, R.M. Sarath Rathnayake has said new measures to announce daily standardized egg prices will be introduced from next Monday (June 23) to ensure fair pricing for consumers.

The prices covering wholesale, retail, and intermediary rates will be communicated daily at 5.00am via SMS to small, medium, and large-scale egg producers, as well as bakery owners, food manufacturers, and hotels through the number 070-7030700.

He warned of recent practices where eggs were bought at Rs.15-18 and stockpiled, stating such actions will no longer be tolerated.

He also criticized groups posing as “egg associations” without actual farming experience.

The cost of producing an egg is around Rs.28 for large farms, Rs.29-30 for medium range farms, and Rs.32 for small-scale producers, he further said.

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16 bn. Apple, Facebook, Google passwords exposed

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A staggering 16 billion passwords to Apple, Facebook, Google, and various US government services have been leaked online, triggering global security alerts in what experts are calling the most significant data breach in history.

The mammoth security breach has forced Google to urge billions of users to change their passwords immediately.

At the same time, the FBI has issued warnings to Americans about opening suspicious links in SMS messages.

Cybersecurity experts at Cybernews, who investigated the breach, discovered a whopping 30 exposed datasets containing between tens of millions and over 3.5 billion records each.

Perhaps most alarmingly, researchers confirmed that nearly all these exposed datasets contain previously unreported information, making this an entirely fresh security crisis.

“This is not just a leak – it’s a blueprint for mass exploitation,” the researchers said via Forbes this week.

(news.com.au)

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New chairman appointed to CSE

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Dimuthu Abeyesekera has been appointed as the new Chairman of the Colombo Stock Exchange (CSE).

The CSE announced that Mr. Abeyesekera brings over 35 years of experience in the capital markets and has served on the CSE Board for the past six years.

He currently serves as the Director/CEO of Asha Securities Ltd, which is affiliated with Phillip Capital Singapore, a specialized financial services organization managing assets worth over US$ 35 billion with a network of offices around the world.

Abeysekera also currently serves as the Director at Asha Financial Services Ltd, a specialised margin Trading Company in Colombo.

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