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Trishaw fares not to be revised

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The Three-wheeler Owners Association says that Three-wheeler fares will not be revised until fares are specifically regulated through a regulatory authority.

They point out that three-wheeler fares cannot be amended in view of the monthly revision of fuel prices.

The remarks have been made after fuel prices whichwere revised with effect from midnight yesterday (July 31).

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Fuel prices revised

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Onmax DT ordered to submit plans to refund depositors

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Colombo Chief Magistrate Thilina Gamage today (May 02) ordered directors of the company – Onmax DT to submit a programme to refund the aggrieved depositors of the Onmax DT pyramid investment scheme.

The 04 company directors previously released on bail also appeared in court today.

The magistrate made the order after considering facts presented in court.

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CPC slashes fuel prices

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The Ceylon Petroleum Corporation has reduced fuel prices with effect from midnight today (April 30).

Accordingly, 

– Petrol (92) has been reduced by Rs.3/- to Rs. 368/– Petrol (95)  has been reduced by Rs. 20/- to Rs. 420/-
– Lanka Auto Diesel has been reduced by Rs. 30/- to Rs. 333/-
– Lanka Super Diesel 4 Star Euro 4 has been reduced by Rs. 9/- to Rs. 377/-

– Lanka Kerosene has been reduced by Rs. 30/- to Rs. 215/-

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Supreme Global Holdings enters bidding to acquire SriLankan shares

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Supreme Global Holdings, a conglomerate owned by R.M. Manivannan, has entered the bidding process to acquire shares of the national carrier – SriLankan Airlines.

According to a media release by the company issued in this regard, the Expression of Interest (EOI) process, which concluded last week (Apr 27), saw the participation of Supreme Global, under Sherisha Technologies Private Limited.

Sherisha Technologies Private Limited, formerly known as SunEdison Energy India Private Limited.

Last week it was reported that six (06) Request for Qualification (RfQ) were received from potential investors for the acquisition of shares in SriLankan Airlines Limited.

Sherisha Technologies Private Limited was among the six entities.

Supreme Global Holdings is also known for having formed a robust consortium including MBS Investments, the investment arm of the Private Office of Sheikh Nayef Bin Eid Al Thani of Qatar.

Apart from its recent bidding for SriLankan Airlines, Supreme Global Holdings previously assisted Sri Lanka during the energy crisis faced in 2022, by extending over USD 1.5 billion in credit to Sri Lanka, along with innovative payment solutions such as accepting Sri Lankan rupees for oil payments.

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