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BUSINESS

Milk powder prices to go up

The price of milk powder manufactured from tomorrow (5), excluding infant milk powder, will be increased, the Consumer Affairs Authority (CAA) said. Accordingly the price of 1kg packet of milk powder will be increased by Rs 50 while the 400g packet will be increased by Rs 20. The Cost of …

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Several SriLankan flights delayed due to unforeseen reasons

Sri Lanka’s national carrier, SriLankan Airlines said several of the carrier’s flights were delayed on Thursday (May 03) due to a variety of reasons. The untimely sickness of a passenger inbound from the Gulf initiated a diversion to Cochin on one flight. Another aircraft inbound from Kuwait was caught in …

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Allowed for tea, rubber

The ban on the use of glyphosate has been partly lifted, with permission granted from today for its use in tea and rubber cultivation. Minister Navin Dissanayake made the announcement at a media briefing. The importation, distribution, sale and use of glyphosate were banned from 2015.

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Glyphosate ban lifted for tea and rubber

The ban which was imposed on the herbicide Glyphosate has been lifted for tea and rubber with effect from today (May 2), Minister of Plantation Industries Navin Dissanayake said. The Cabinet last week decided to appoint an experts’ committee to decide on the usage of the banned agrochemical. The committee …

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Prices to be increased

With the Rs. 245 increase in the gas price, the prices of food will have to be increased, says the Lanka restaurant owners association. It says the price of a rice packet will be increased by Rs. 10 and a hopper by Rs. Two. However, the bakery owners association says …

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Hutchison-Etisalat merger

CK Hutchison Group and Emirates Telecommunications Group Company PJSC have entered into a definitive agreement to merge their mobile telecommunications businesses in Sri Lanka, operating under Hutchison Telecommunications Lanka (Private) Limited and Etisalat Lanka (Private) Limited respectively. The combined business of Hutch Lanka and ESL will be better positioned to …

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Increase in gas price

Litro and Laugfs companies have announced a Rs. 245 increase in the price of a 12.5 kg domestic gas cylinder from tonight. The new price will be Rs. 1,676.

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Further depreciation of rupee will not happen

Central Bank governor Dr. Indrajit Coomaraswamy says a further depreciation of the Sri Lankan rupee will not happen with the receipt of the final payment due for the Hambantota port and the the cash inflow into the country. He was speaking at the launch of the CB’s annual report yesterday.

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