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Oct 25, 2023 · SRI’s crop physiology experts and sugar manufacturers say that a major hurdle is the sugar recovery percentage of the sugar cane variety routinely grown in Sri Lanka being as low as 6-8%, according to SRI data. Comparatively, varieties grown in top sugar cane-growing countries have a sugar recovery percentage as high as 15%.
Dec 8, 2023 · Colombo, Dec 8 (Daily Mirror) - Despite the lapse of three years and pressure from various parties and groups, investigations are yet to be completed regarding the sugar scam that denied tax...
Nov 26, 2023 · By Chamikara Weerasinghe. Government sugar manufacturers are gearing up to transform the nation’s sugar landscape driven by instructions from the Parliament Sectoral Oversight Committee (SOC) on Increasing Exports of Goods and Services, Sri Lanka sugar industry sources told the Sunday Observer yesterday.
- Malinga
Mar 31, 2024 · By Namini Wijedasa. The Cabinet has decided to repeal a 17-year-old tax law which was at the centre of the “sugar scam” that cost the government nearly Rs. 16 billion in “foregone revenue” from 2020 to 2021. The Special Commodity Levy (SCL) will be scrapped from January next year, Finance State Minister Ranjith Siyambalapitiya said.
May 22, 2024 · BENGALURU – Dr Yasuni Manikkege, who works in a Colombo-based government hospital, discovered a painful truth about Sri Lanka’s economy recently. One night in early May, her 51-year-old ...
Apr 17, 2022 · Dubbed the infamous 'Sugar Scam' in Sri Lanka, it was alleged that it did not benefit consumers but massively benefited the importers gain unconscionable profits. The recommendation was made...
Mar 9, 2021 · Tuesday March 9, 2021 4:55 pm. ECONOMYNEXT – The so called Sugar Scam allegedly carried out by well-connected importers has cost the Sri Lankan state Rs. 15.9 billion in tax revenue, the Ministry of Finance told the Parliamentary Committee on Public Accounts (COPA) in a report today.
