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Effective supply chain management benefits end-consumer: CB Governor

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Deputy Chairman of Cargills Group Ranjit Page handing over a copy of the book, ‘A Heart for the Community,’ to Governor of the Central Bank Dr. Nandalal Weerasinghe, who was the Chief Guest at a ceremony held yesterday at Akuregoda to mark the opening of the 500th outlet of Cargills Food City.Pic by Nishan S, Priyantha

By Sanath Nanayakkare

It was encouraging to see the benefits of effective supply chain management had enabled the end-consumer to buy quality fresh produce and other essential food products at reasonable prices, today, compared to decades ago, Central Bank Governor Dr. Nandalal Weerasinghe said at Akuregoda, Pelawatte yesterday.

The Governor said so delivering the keynote address as the Chief Guest at an event to declare open the 500th outlet of Cargills Food City.

“Decades ago, there was a lot of concern among the consumers about the middleman operation making everything more expensive. But today supermarkets such as Cargills Food City has been able to remove those hidden costs in the middleman operations, thanks to their direct transactions with the farmer and also their involvement in quality food processing. It is obvious that the quality of local food products have improved over the years to the extent that they are similar in look and quality of well-known foreign brands.

“Such a service is so useful at a time food inflation has hit 95%. Sometimes we see that although the rupee has depreciated by about 70%, prices of some goods have increased by 300%-400%. This happens when there is no competition in those segments. However, we don’t see that enormous increase in prices where local companies have made the right kind of intervention to adopt supply chain management practices to reduce the gap between cost of production and end-consumer prices.”



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Six member committee appointed to inquire into Sri Lanka Cricket Team’s conduct in Australia

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Minister of Sports and Youth Affairs Roshan Ranasinghe has appointed a six member committee headed by Retired Supreme Court Judge Kusala Sarojini Weerawardena to inquire into the incidents reported against some members of the Sri Lanka Cricket team that participated at the ICC T20 World Cup in Australia.

 

 

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SJB MP: Most parents have to choose between food and children’s education

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By Saman Indrajith

Most Sri Lankan parents are compelled to choose between food for their families and their children’s eduction, SJB Matale District MP Rohini Kumari Wijerathne told Parliament yesterday.

Only a few parents were able to feed and educate their children the MP said, participating in the debate on Budget 2023 under the expenditure heads of Ministries of Education and Women and Child Affairs.

“An 80-page exercise book costs Rs. 200. A CR book costs Rs 560. A pencil or pen costs Rs 40. A box of colour pencils costs Rs 570 while a bottle of glue costs Rs 150. If the father is a daily wage earner he has to spend one fourth of his salary on a box of colour pencils for his child. A satchel now costs around Rs 4,000. A pair of school shoes is above Rs 3,500. The Minister of Education knows well how many days a child could use an 80-page exercise book for taking notes. Roughly, stationery cost is around Rs 25,000 to 30,000 per child, MP Wijerathne said, adding that only Rs. 232 billion had been allotted for the Ministry of Education by Budget 2023.

“After paying salaries of teachers and covering officials’ expenses, etc., there will be very little left for other important matters,” the MP said, noting that Sri Lanka would soon be known as the country that made the lowest allocation of funds for education in the South Asian region.

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All crises boil down to flaws in education system, says Dullas

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By Saman Indrajith

All the crises Sri Lanka was beset with were due to the country’s outdated education system, MP Dullas Alahapperuma told Parliament yesterday.

“The political and economic crisis we are facing is the direct result of our education,” he said.

The Sri Lankan education system had not changed with global developments. Our system is not even geared for employment. Our examination system is antiquated and our classrooms are in the 19th Century.

However, the students belong to the 21st century. How can you cater to 21st Century children under an outdated system?” he queried.

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