Sri Lanka plantations salary supplement from cess fund: Finance Minister
Mar 14, 2019 11:01 AM GMT+0530 | 1 Comment(s)
ECONOMYNEXT - A salary supplement for plantations workers will come from an industry cess fund, Finance Minister Mangala Samaraweera said.
Plantations workers will receive 50 rupee supplements, taking the daily wage to 800 rupees, Samaraweera said.
The funds will come from an industry fund, Samaraweera said.
Plantations Minister Navin Dissanayake said about 1.2 billion rupees would be needed for the salary supplement.
The supplement would only apply to the tea industry, he said.
In 2015, Sri Lanka gave a price guarantee to tea and rubber producers, as global prices fell.
US tyre manufacturers then claimed Sri Lanka was subsidising rubber and dumping them in the US under anti-dumping laws.
Sri Lanka tyre makers had to go to court to remove the anti-dumping order. They said the subsidy was given so that they could buy rubber at higher than global prices. (Colombo/Mar13/2019-SB)