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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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Apple is the world’s first $1 trillion brand: Kantar

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Kantar BrandZ’s Top 10 Most Valuable Global Brands 2024 has named Apple as the world’s first trillion-dollar brand, holding onto pole position for the third consecutive year. 

Google, Microsoft, and Amazon join Apple atop the rankings, with McDonald’s rounding up the top 5.

Demonstrating how effective AI has become for driving brand value, NVIDIA has lept 18 places to crack the top 10 for the first time, holding sixth position with a 178% year-on-year brand value increase. 

Facebook rejoined the Top 10 after a one-year absence, while Oracle joined the Top 10 for the first time. 

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Govt. to privatise SriLankan as part of IMF programme – CEO

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The government, as part of the International Monetary Fund (IMF) program, is looking to privatise several state-owned enterprises and one of those is the flag carrier of the island nation, said SriLankan Airline CEO Richard Nuttall.

Nuttal added that the airline is also looking for an investor. Three candidates have been finalised in April and the government is in talks with them.

Nutall said that no Indian company had shown interest in investing in the airline.

The airline hopes to grow its current fleet of 21 to 22 next month, with plans to obtain another three aircraft within the next three months.

Source: ANI

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Apple brings ChatGPT to its devices

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Apple unveiled a long-awaited AI strategy yesterday (10 June), integrating Apple Intelligence across its suite of apps, including Siri, and announced a partnership with OpenAI to bring ChatGPT to its devices.

The AI features were unveiled at Apple’s Worldwide Developers Conference, and the tech giant also showed its latest operating system for its Vision Pro mixed-reality headset and iPhone.

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