BIZ

Technical issues disrupt SriLankan flights

Published

2 weeks ago

November 18, 2024

editor

Three SriLankan Airlines planes that arrived at the Bandaranaike International Airport (BIA) were found to have technical issues.
As a result, several flights were cancelled and some were delayed, an airline official said.

The official explained that every aircraft undergoes a technical evaluation check after completing its flight. This process takes time, as necessary maintenance work is carried out on some aircraft. The three affected planes have been referred for technical maintenance, he added.

Due to this, SriLankan Airlines flight UL-123, scheduled to depart for Chennai, India, this afternoon, and flight UL-124, scheduled to arrive at Katunayake from Chennai at 10:15 p.m., have been cancelled.

Additionally, flight UL-196, expected to arrive at Katunayake from New Delhi, India, at 10:10 p.m. and the flight from Melbourne, Australia, scheduled to land at 10:20 p.m., have also been cancelled.

SriLankan Airlines has informed the affected passengers and arranged alternative flights to help them reach their destinations.

(dailymirror.lk)

(Except for the headline, this story, originally published by dailymirror.lk has not been edited by SLM staff)

BIZ

Special Commodity Levy on big onions, slashed

Published

10 hours ago

December 1, 2024

editor

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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BIZ

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

Published

15 hours ago

December 1, 2024

editor

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.

BIZ

CBSL to implement single policy interest rate from today

Published

5 days ago

November 27, 2024

editor

The Central Bank of Sri Lanka announced that it will from today (27) implement a single policy interest rate mechanism, the Overnight Policy Rate (OPR), transitioning from the dual policy interest rate mechanism.

This is expected to result in more flexible targeting of inflation.

As announced in the Central Bank’s Annual Policy Statement in January 2024 and the subsequent announcement in September 2024 of the planned implementation of the single policy interest rate mechanism, the Monetary Policy Board of the Central Bank of Sri Lanka has decided to implement a single policy interest rate mechanism transitioning from its dual policy interest rate mechanism, with effect from today, 27 November 2024.

This marks another significant improvement in the Flexible Inflation Targeting (FIT) framework implemented by the Central Bank.

Accordingly, the Central Bank introduces the Overnight Policy Rate (OPR), as its primary monetary policy tool to signal and operationalize its monetary policy stance.

The OPR will be periodically reviewed and adjusted as needed by the Central Bank to indicate and communicate a change in its monetary policy stance.

This transition is expected to enhance the efficiency and effectiveness of monetary policy signalling and transmission to the financial markets and the broader economy.

(News1st)

(This story, originally published by News1st has not been edited by SLM staff)