BIZ

Liquor bottles sans safety stickers seized!

Published

2 months ago

September 20, 2022

editor

The Excise Department sleuths have discovered a large number of liquor bottles being sold in the market without safety stickers on them.

Commissioner General of Excise M.J. Gunasiri has given instructions to conduct raids to seize liquor bottles without safety stickers following an allegation made by the Licensed Liquor Dealers Association in a letter to the President that the Commissioner General of Excise is causing Rs.400 million of a loss to the country on a daily basis.

Mr. Gunasiri has instructed the Deputy Excise Commissioner (Law) and the Excise Commissioner (Law Enforcement) to investigate the allegations made by the Licensed Liquor Dealers Association.

The Association accused that the liquor produced in the Kalutara factory of Distilleries Company of Sri Lanka PLC (DCSL), which is chaired by well-known businessman Harry Jayawardena, is being distributed without stickers in the Southern Province.

Accordingly, the investigators at the Excise Department have launched an investigation to find out whether the liquor bottles found without stickers belonged to DCSL.

The Licensed Liquor Dealers Association requested the President to remove the Excise Commissioner General as they accused him of depriving the country of Rs.400 million in excise revenue per day owing to corruption.

BIZ

Sinopec to import and market SL products (Pics)

Published

2 days ago

December 2, 2022

editor

Sinopec, the giant oil company with over 27,000 service stations in China, entered into an agreement with the Beijing Sri Road Connection Trade Company Limited during the Shanghai CIIE, to import and market Sri Lanka Food and Beverage products at their convenience stores. The contract is worth over USD 0.8 million.

The agreement between Sinopec and Beijing Sri Road will facilitate further expansion of Sri Lanka F & B products in the lucrative Chinese market., CEO of Beijing Sri Road Connection Trade Company Limited Chiranjaya Udumullage, and Deputy Manager of International Sales of Sinopec Wang Qian signed the agreement.

In a statement, the Embassy of Sri Lanka in Beijing notes, “This connect with Sinopec is indeed special, as this year is a significant landmark for both Sri Lanka and China. The year commemorates the 65th Anniversary of establishing bilateral diplomatic relations between the two countries and the 70th anniversary of the Rubber – Rice Pact.”

The 5th China International Import Expo (CIIE) in Shanghai was held from 5 to 10 November, 2022. There were two Sri Lankan pavilions; Food & Beverage and the Gems and Jewellery section. The China – Sri Lanka Association for Trade and Economic Cooperation voluntarily took charge and organized the Sri Lanka pavilion with the support of the Embassy of Sri Lanka and member companies of the Association and others. This is the 5th time that Sri Lanka has participated, maintaining a presence at the event. This presence is considered essential since companies which participated in the CIIE were able to achieve remarkable success with daily sales at the pavilion topping RMB 500,000 and over 160 trade inquiries.

The CIIE is the largest trade Fair in China for global companies to access the biggest consumer market in the world; the Chinese market.