Sri Lanka’s main sugar factories are in danger: Sajith



Colombo, July 29 (Daily Mirror) - Highlighting that Sri Lanka's largest sugar factories are in a precarious situation, Opposition Leader Sajith Premadasa today urged the government to take urgent steps to safeguard the two entities. 

Premadasa said the two entities have been forced to borrow from state banks just to provide remuneration to its employees. 

"The Pelwatte factory has not paid EPF to its employees during the last nine months. It owes a total sum of more than Rs. 300 million in EPF payments to its workers. The factory has borrowed Rs. 500 million from the Bank of Ceylon," he said  

"The Sevanagala factory owes Rs. 150 million as EPF. It owes Rs. 400 million as VAT to the government. The entity has borrowed Rs. 200 million from Bank of Ceylon," he added. 

"The government should take urgent steps to save these entities," MP Sajith Premadasa stressed.

 


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