ECONOMYNEXT – Sri Lanka is trying to find a solution to high costs of poultry feed amid import duties and trade controls for maize, which is keeping eggs and meat prices high, in a country which has high child malnutrition. To give unusually high profits to maize farmers and maize collecto...
but despite that some vested quarters maintain there is more flesh to be got. This is becoming akin to a snowball’s chance in hell. The price of cigarettes and alcohol in Sri Lanka is exorbitant. For instance, a 1-litre bottle of a popular spirit is a mere GBP45 ($ 56) at supermar...
Feel free to stock up on booze but the importation ofduty-freecigarettes is not allowed. There is no customs declaration required of foreign currency being brought in, unless it is in excess of US$10,000. Beyond customs is a hall of counters for currency exchange and tourist, mobile phone ...
Budget 2019 also raised production tax on cigarettes by Rs.5 per stick, production tax on hard liquor 750 ml by Rs.63, and a beer can by Rs.9. Given the high debt repayments in 2019, and moderate reserve levels, the Government opted on the side of caution and increased costs on smal...