Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» HOPL, TPL, KFP, TSML, MGT results analysis
by arjunaupendra Today at 6:03 am

» LOFC AND UBC WILL RUN FROM TOMORROW
by fireshelter Yesterday at 10:54 pm

» Financial Reports Q-4 2018
by ruwan326 Yesterday at 9:11 pm

» DIVIDEND ANNOUNCEMENTS- JAN/MARCH 2019
by ruwan326 Yesterday at 9:07 pm

» Tea industry’s performance in 2018 and prospects for 2019
by ruwan326 Yesterday at 8:49 pm

» CSE THIS WEEK
by ruwan326 Yesterday at 8:42 pm

» We are direct provider for BG/SBLC specifically for lease/sale
by rsileaseconsult Yesterday at 8:11 pm

» Daily Stock Market Update
by Insights Equity Yesterday at 7:36 pm

» Plantation sector
by ruwan326 Yesterday at 7:12 pm

» LDEV - MADU - BALA - WATCH
by kalu351 Yesterday at 4:56 pm

» BFN WILL RUN AFTER WEDNESDAY ONLY IT WILL REMAIN AT 14/40 - 15 LEVELS THIS WEEK AND START THH RUN
by kalu351 Yesterday at 11:36 am

» කොහොමත් BFN 19-20 වෙනකම් යන එක ඉතින් ස්තිරයි
by kalu351 Yesterday at 11:36 am

» LDEV SAGA WITH MOUNTING SELLING PRESSURE
by kalu351 Yesterday at 11:30 am

» ##FUN TOONS###
by ruwan326 Yesterday at 11:28 am

» PLAYERS PICK OF THE DAY
by ruwan326 Yesterday at 10:53 am

» Fundermentels singnles STRONG BUY Without speculation there is no active stock market in the world Every thing is speculative You all will see next feww days how \ LDEV UBC BFN LOFC BIL RIL CFT ECL KOTA MAL X MAL N REEF Perform
by Harry82 Yesterday at 9:19 am

» HEXP PRICE
by karuna2 Sun Jan 20, 2019 10:51 pm

» Watch, listen, feel, experience, learn and grow.
by Asoka Samarakone Sun Jan 20, 2019 7:58 pm

» Chicken Run
by roshan1039 Sun Jan 20, 2019 7:43 pm

» CTCE SHARE TO WATCH
by roshan1039 Sun Jan 20, 2019 7:42 pm

» SRI LANKA @ 2020
by ruwan326 Sun Jan 20, 2019 12:08 pm

» UBC - MBSL - Much talked deals are coming soon
by kalu351 Sun Jan 20, 2019 4:09 am

» COLLECT - REEF @ 5 / LOFC @ 3.70 -3.80 /KHL BELOW 8 /GHLL BELOW 8
by anges Sat Jan 19, 2019 9:15 pm

» START COLLECTION - EFP IS COMING BACK TO THE CSE FOREIGN INVESTORS ARE COMING BACK TOO MAINLY DUE TO USA CRISESS AND IMF backing the country and massive foreign investments are coming back
by anges Sat Jan 19, 2019 9:13 pm

» The 300 of hexp as it long term glory
by EPS Sat Jan 19, 2019 7:00 am

» Weekly Stock Market Roundup
by Insights Equity Sat Jan 19, 2019 5:55 am

» We need a complete analysis on mid term direction of the CSE
by Yahapalanaya Sat Jan 19, 2019 5:22 am

» RIL - DEAL TALKS ARE ON - BUY AND COLLECT AND HOLD
by kalu351 Fri Jan 18, 2019 9:55 pm

» BIL @ 1-80 A GEM - BIL BIL BIL
by kalu351 Fri Jan 18, 2019 9:53 pm

» LOFC LOFC LOFC LOFC NEXT
by kalu351 Fri Jan 18, 2019 9:51 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Protests as Sri Lanka cuts tax on sugary drinks

Protests as Sri Lanka cuts tax on sugary drinks

Go down  Message [Page 1 of 1]

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Protests as Sri Lanka cuts tax on sugary drinks

Dec 02, 2018

AFP - Sri Lanka Saturday slashed a tax on sugary drinks in a controversial reversal of an anti-diabetes policy that attracted immediate criticism.

The finance ministry ordered an immediate 40 percent reduction in the levy as part of a package of tax cuts launched by the disputed government to win over public opinion as a bitter power struggle intensifies.

But health campaigners and a former minister condemned the move as damaging the fight against obesity and diabetes among young people.

Sri Lanka has been gripped by a constitutional showdown between President Maithripala Sirisena and his sacked prime minister Ranil Wickremesinghe, who refuses to step down.

Sirisena's nominee for prime minister, Mahinda Rajapakse has been making populists moves to win support for his government which has been recognised only by China and Burundi.

The lower sugar tax came on top of reductions in fuel prices and income taxes this week.

Wickremesinghe's administration, which was toppled on October 26, had introduced the sweet tax -- 50 cents on every gram of sugar in fizzy and fruit drinks -- but the rate was slashed to 30 cents from Saturday.

The health ministry has said that 10 percent of the country's 21 million population is affected by diabetes and another 20 percent were at risk of developing the condition.

Health lobbyist Dhanya Wijesuriya took to Twitter to slam the authorities for making sugary drinks cheaper.

"This is insane," Wijesuriya said of the decision. "How self serving. No vision," he added.

Former health minister Rajitha Senaratne described the tax cut as "irresponsible". 

There was no immediate comment from Sirisena who last year warned international beverage makers that he would increase taxes unless they reduced sugar in their products

https://economynext.com/Protests_as_...-12777-10.html

Ryan Hudson


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
What is the main source of sugars in typical sri lanka diet? 

You can win umma if correct answer given;

1. Soft Drinks

2. Rice

3. Bread

4. Hoppers (Appa)

5. Biscuit/ Chocolate

ranferdi

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Ryan Hudson wrote:What is the main source of sugars in typical sri lanka diet? 

You can win umma if correct answer given;

1. Soft Drinks

2. Rice

3. Bread

4. Hoppers (Appa)

5. Biscuit/ Chocolate

First thing is rice.. because rice breaks upto sugar in stomach, Once cup of rice breaks up about 45gms of sugar. people in srilanka average eat about 3 cups as my guess in a meal.

So reducing rice consumption is the best thing.

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum