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Sinopec continues to offer fuel for Rs.3 less

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Sinopec Lanka, which commenced operations in Sri Lanka, has also announced its new prices following the fuel price revision which is in effect from midnight yesterday (31).

Accordingly, the company’s new prices are as follows:

Petrol 92        – Rs.358/=
Petrol 95        – Rs.414/=
Auto Diesel    – Rs.338/=
Super Diesel  – Rs.356/=
Kerosene       – Rs.231/=

Accordingly, the price of fuel is still Rs.3 lower than that of Ceypetco and Lanka IOC companies.

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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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Heads to roll at People’s Bank over large scale fraud 

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The Criminal Investigations Department notified Nugegoda Magistrates court yesterday (12 June) that more employees of the People’s Bank in Pita Kotte would be arrested in connection with a large scale fraud that is currently under investigation. 

It is been conducted due to a complaint made by the head office of the People’s Bank. 

A suspect, Chathupama Ratnayake, has been arrested in this regard and was ordered to be remanded till 26 June by the Nugegoda Magistrate court yesterday (12 June). 

The suspect has used a fixed deposit of a bank customer as a lien to get loans for Rs. 6.3 Mn in total. 

She has used her husband’s, mother’s and other close relatives’ names to prepare fake documents to commit this crime. 

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