PRICES OF FIVE ESSENTIAL GOODS SLASHED AT LANKA SATHOSA

Prices of 5 goods slashed at Lanka Sathosa

Lanka Sathosa, the state-owned wholesale and retail chain, has decided to reduce the prices of five essential food items with effect from today (Dec. 14).

Accordingly, the price of Dhal has been reduced by Rs.4, Wheat Flour by Rs.15, Garlic by Rs.35, Big Onion by Rs.9 per kilogram and Canned fish (local) by Rs.5.

The revised prices are as follows;

Dhal – Rs.385
Wheat Flour – Rs.250
Garlic – Rs.460
Big Onion – Rs.190
Canned fish(local) – Rs.490

Meanwhile, Minister of Trade – Nalin Fernando has said that he expected to further slash prices of several essential goods in the coming week.

BIZ

Cement prices drop

The price of a 50kg bag of INSEE Sanstha & INSEE Mahaweli Marine cement will be reduced from midnight today by Rs.225.

The new price will be Rs.2,750.

BIZ

CBSL imposes penalties on 5 banks

The Central Bank of Sri Lanka (CBSL) has imposed financial penalties on five banks for non-compliance with the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA).

Penalties have been imposed on DFCC, Bank of Ceylon, People’s Bank, National Development Bank and the National Savings Bank

The CBSL further said that the money collected as penalties were credited to the Consolidated Fund.