BIZ

SLT share sale : 3 companies submit proposals

Published

1 year ago

January 12, 2024

editor

On 10th November 2023 via international and local media, The Government of Sri Lanka (GOSL) acting through The Ministry of Finance, Economic Stabilization and National Policies called for Request for Qualification (RfQ) from potential investors for the divestiture of its shares in Sri Lanka Telecom PLC. The deadline for submission of proposals ended at 2pm on Friday, 12th January 2024.

The RfQs received were considered by the Opening Committee appointed by the Special Cabinet Appointed Negotiating Committee.

3 RfQs were received from the following parties:

Jio Platforms Ltd, Gujrat, India
Gortune International Investment Holding Ltd c/o Capital Alliance Limited
Pettigo Comercio International LDA c/o NDB Investment Bank Ltd

The RfQs will be evaluated as per the Special Guidelines on Divestiture of State-Owned Enterprises approved by the Cabinet of Ministers in July 2023.

The International Finance Corporation acts as Transaction Advisors for the divestiture of shares held by GOSL in Sri Lanka Telecom PLC.

(Press Release from State Owned Enterprises Restructuring Unit)

BIZ

MRP issued for bottled drinking water

Published

2 days ago

April 3, 2025

editor

The Consumer Affairs Authority (CAA) has issued a Gazette notification stipulating the Maximum Retail Price (MRP) for bottled drinking water.
As per the Gazette notification, the MRP is effective from April 01, 2025.

Accordingly, the MRP for bottled drinking water are as follows;

500 – 999 ml bottles – Rs.70
01 -1.499 L bottles – Rs.100
1.5 -1.999 L bottles – Rs.130
02 – 2.499 L bottles – Rs.160
05 – 6.999 L bottles – Rs.350

(Newswire)

BIZ

‘Beedi’ tax upped

Published

2 days ago

April 3, 2025

editor

The Ministry of Finance has increased the Tobacco Tax on all ‘Beedi’ products,with effective from yesterday (April 02).

Accordingly, the relevant tax will be increased from Rs. 02 to Rs. 03, resulting in the price hike of a rupee.

BIZ

Cargills Bank issues statement on cybersecurity incident

Published

3 days ago

April 2, 2025

editor

Private bank in Sri Lanka – Cargills Bank PLC has today (April 02) released another statement, updating the situation over a recent cyber security incident.

Cargills Bank PLC notes that despite the incident, the bank’s core operations remain fully secure and functional.

It adds that all banking services continue to function normally, and customers may carry out their transactions with complete confidence.

Previously, the bank had stated that an unauthorized party had claimed access to some of the bank’s data and subsequently published them.

The matter is said to be possibly the largest data breach in the country’s history.

The matter was also taken up by journalists at today’s cabinet media briefing. Responding, Cabinet spokesman – Minister Nalinda Jayatissa said that although the issue wasn’t taken up by the Cabinet Ministers yesterday, he believed that it may have been addressed by the Security Council.