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SriLankan CEO forecasts USD 50 mn. profit in 2024 (Video)

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SriLankan Airlines is expecting passenger traffic to surpass pre-pandemic levels by year-end during its peak travel period, thanks to a boom in tourism.

In an interview with Channel News Asia (CNA), Nuttall said that he expected a ‘stronger outlook’ for next year, with matters gradually returning to normalcy in terms of the country’s economy and its tourist arrivals.

“Assuming that the world stays the same for the year ahead, which we expect, and the Sri Lankan economy is rebounding, tourism is coming back, we’re forecasting perhaps a 50 million profit next year”, he said in this regard.

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No change in Litro Gas prices for December

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The Litro Gas Company says that the prices of its domestic LP Gas cylinders will remain unchanged for the month of December 2024.

Chairman of Litro Gas – Channa Gunawardena stated that the company decided to keep the prices of LP gas cylinders unchanged despite the price hike in the global market, in order to provide relief to the consumers.

Accordingly, the prices of Litro LP gas domestic gas cylinders will remain unchanged as follows:

12.5kg – Rs. 3,690
05kg – Rs. 1,482
2.3kg – Rs. 694

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Special Commodity Levy on big onions, slashed

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The Special Commodity Levy imposed on imported big onions, has been reduced by Rs. 20 to Rs. 10 per kilogram.

This will be in effect during the period from today (Dec. 01) to December 31, 2024.

However, it has been decided to keep the Special Commodity Levy imposed on imported potatoes unchanged.

Announcing the decision, a media release issued by the Ministry of Finance, Planning and Economic Development states that the move comes amid a notable rise in the market price of onions.

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‘Will take decision if Laugfs Gas fails to supply gas’

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The government will take a decision if Laugfs Gas fails to intervene to import and supply LP gas to the consumers, Minister of Trade, Commerce, Food Security and Cooperative Development Wasantha Samarasinghe has said.

He told reporters that there is no shortage of LP gas supplied by Litro Gas.

‘We have two LP gas companies, Litro and Laugf in our country. There is no shortage in Litro gas at the moment. Laugf Gas must explain the reasons for the shortage in Laugf gas in the market. If Laugf Gas fails to intervene to import and supply gas, the government has to take a decision. There is ample stocks with Litro gas. If gas cylinders have to be changed to find solutions to the issues faced by the gas consumers, the government will have to take a decision regarding that soon,” he has said.

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