Financial Times - Court decision this week on Merbok

Court decision this week on Merbok

The Board of Investment (BOI) continues to provide services to the controversial Malaysian MDF manufacturer Merbok Lanka Ltd factory at Horana, which was the focus of a report in The Sunday Times FT last week.

BOI officials say that they are hoping for a positive ruling to the court case of which the hearing is on Wednesday, August 30. The company has won a temporary court injunction against BOI plans to shut the plant due to non-payment of service dues.

The paper reported last week on the issue regarding the ‘extraordinary’ subsidies that were awarded to this company when they set up the factory in 2000, and protests from local furniture manufacturers against depleted rubber-wood resources.

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