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23 July, 2013 01:28 AM Source: Lanka Business Online - LBO
FMCG Goods Supermarket.jpg

Sri Lanka is to curb the expansion of self-service supermarkets, a media report said shortly after new taxes were imposed on privately owned chains.

Sri Lanka's privately owned Hiru radio channel quoting President Mahinda Rajapaksa as saying that small traders and individual sellers were being displaced by supermarkets.

"The vegetable lady (elawalu amma) that the persons who sells greens have no chance," he was quoted as saying a meeting at Sri Lanka's agriculture ministry.

"In every village they are opening. There has to be some control of this."

It was alleged that even small manufacturers were hurt by supermarket chains.

From 2013, citizen owned supermarkets with a revenue threshold was hit by value added tax, but state-run chains were excluded. More...

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