The Ministry of Finance yesterday ruled out the possibility of a price hike in the selling of sugar, in spite of the taxes incurred by sugar importers.
The Finance Ministry, issuing a statement said the increase in tariffs was imposed in a bid to prevent local sugar producers from decreasing in the global market.
Further, the Ministry also warned sugar importers and distributors of initiating legal action if any attempt was made to increase the selling price of sugar.
Speaking to local media, the Spokesman of the Sugar Importers Association Hemanka Fernando cited a possibility of an increase in the selling price owing to the tariff hike as well as the dollar slide.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
Read these and more on tomorrow’s edition of the Sunday Times
Cabinet has approved the appointment of Commodore (retired) M.B.N.A. Premaratne of the Sri Lanka Navy, as the new Commissioner General of Excise.
Villagers in Nirmalapura, Daluwa, Norochcholai today staged a protest over an incident where a group of Navy officials and sailors had assaulted a resident in the area over night, Police said.
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