BIZ

Sri Lanka’s NCPI- based inflation drops last month

Published

8 months ago

April 21, 2023

editor

The National Consumer Price Index (NCPI) for the month of March 2023 was recorded at 49.2%, as measured by the year-on-year change, the Department of Census and Statistics (DCS) revealed in its latest report.

This is a slight decrease in comparison to the headline inflation of 53.6% recorded in February 2023.

Compared to March 2022, the reported inflation for the month of March 2023 was mainly due to the higher price levels prevailed in both food and non-food groups, according to the DCS report.

On a monthly basis, the year-on-year inflation of the food group decreased to 42.3% in March 2023 from 49.0% in February 2023. The year-on-year inflation of the non-food group meanwhile dropped to 54.9% in March 2023 from 57.4% in February 2023.

The contributions (year-on-year) to the inflation recorded in March from the food group and non-food group stood at 18.92% and 30.28%, respectively in comparison to March 2022.

BIZ

Operating hours of liquor stores, revised

Published

1 day ago

December 8, 2023

editor

The Excise Department has announced changes to the operating hours of liquor shops, effective from tomorrow (December 09).

According to the revised schedule, liquor shops will be open from 8:00 a.m. to 10:00 p.m.

The detailed list of times is as follows :

BIZ

Deadline extensions for SLT & Srilankan bids

Published

3 days ago

December 7, 2023

editor

The deadline to submit expressions of interest for Sri Lanka Telecom and SriLankan Airlines have been extended on investor requests, Director General of the State Enterprises Restructuring Unit, Suresh Shah said.

The date to express interest for Sri Lanka Telecom was extended to January 12, 2024, from December 18.

The date for SriLankan Airlines was extended to January 09, 2024 from December 05.

The government is selling majority stakes in the firm.

The SRU will issue requests for proposal documents to qualified investors who express interest.

Source – economynext.com

BIZ

Cinnamon prices drop in SL

Published

3 days ago

December 6, 2023

editor

Cinnamon prices have dropped in the Sri Lankan market, the Department of Agriculture states.

Alba cinnamon, which is the highest grade of Ceylon cinnamon available in the local market, is sold between Rs. 4,800 – Rs. 5,000 per kilo which is a drop of Rs. 500.

This will lead to serious economic issues for those at the grassroot level of the industry, whose livelihood is cinnamon cultivation.