Connect with us

BIZ

SLPP’s Renuka runs profitable Milco to the ground!

Published

on

The Milco branch of the Sri Lanka Nidahas Sevaka Sangamaya states that the once profitable dairy product maker has become a loss-making one under the administration of Mr. Renuka Perera, the current chairman of the Sri Lanka Podujana Peramuna (SLPP).

Mr. Sumith Attanayake, who chairs the Trade Union states that Milco, which had accumulated profits in 2019, 2020 and 2021, is now in debt.

Mr. Perera was named as the Milco Chairman in 2022 January.

Last month, police had arrested 13 employees of Milco for allegedly holding Mr. Perera and several others as hostages at the main office.

Related News :

13 Milco employees arrested for holding Renuka hostage

Plans afoot to sell Milco, Highland to India’s Amul: AKD

BIZ

No change in domestic LP gas prices this month

Published

on

By

Sri Lanka’s 02 main domestic gas suppliers, Litro Gas and Laugfs Gas, have confirmed that there will be no price revision for domestic LP gas cylinders this month.

Both companies stated that gas cylinders will continue to be sold at existing prices.

Continue Reading

BIZ

National Tax Week kicks off today

Published

on

By

The National Tax Week begins today (June 02) under the theme “Strength through taxes”.

The inaugural ceremony is to be held at the President’s Office under the patronage of President Anura Kumara Dissanayake.

Deputy Commissioner General of the Inland Revenue Department (IRD), P.K.S. Shantha stated that from today to June 07, officials will conduct awareness programs on the benefits of timely tax payments and the process of obtaining a Taxpayer Identification Number (TIN).

Continue Reading

BIZ

1st stock of imported coconut milk to undergo clearance, lab testing today

Published

on

By

The first consignment of imported coconut milk under the Government’s raw material importation programme is scheduled to undergo clearance and laboratory testing today (31), as part of a coordinated initiative by the Plantation Industries Ministry.

This initiative, approved by the Cabinet, aims to supply essential raw materials to industries linked to the coconut sector, aiming to reduce domestic coconut prices and support local manufacturers. The consignment currently under clearance includes products equivalent to 200 million coconuts. They are in the forms of frozen coconut milk, coconut milk powder and chunked coconut with testa (non-copra), imported as part of the programme initiated in March 2025. The stock will be used primarily in the coconut milk powder industry, which has been facing raw material shortages. The Plantation Industries Ministry expects this move to reduce the pressure on local coconut supplies and contribute to a drop in retail coconut prices.

(dailynews.lk)

(Except for the headline, this story, originally published by dailynews.lk has not been edited by SLM staff)

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved