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The year 2011 commenced in the backdrop of many milestones that were achieved in 2010. If we are to analyse the events that unfolded during the first quarter of 2011 in retrospect and review the performance of the tea industry, it would give a great deal of relief and satisfaction. The Colombo auction in January ...
and a decisive year for Sri Lanka tea industry. “The Colombo Auction ...
Business leader and Chairman of premier blue chip John Keells Holdings (JKH) Susantha Ratnayake has been appointed to the Board of Directors of national carrier SriLankan Airlines.The appointment with immediate effect comes after Ratnayake stepped down last week as Chairman of Sri Lanka Tea
Sri Lanka Tea Board released tea production figures for the month of November 2011, Commodity broker Asia Siyaka Commodities reported. November figure of 31.2 million kg is 12% more than last years quantity of 27.9 million kg and was well above the previous record of 29.6 million kg set in 2006
By Cheranka Mendis The tea industry anticipates mixed signals as the year closes on a high amidst Middle Eastern turmoil which spells evil in the coming year. The industry which is likely to close the year with export revenue exceeding the previous year’s number and breaking the record production volume of 2010, is expected to ...
Reuters: Sri Lanka’s tea production rose 11.7 per cent in November, its first year-on-year rise in eight months, due to better application of fertiliser and agricultural practises, State-run Tea Board data showed on Wednesday. Tea output in November recorded 31.23 million kilogrammes against 27.95 million kg in the same month last year. The output in ...
Richard Peiris and Co (Arpico) introduces Tea Colour Sorter machines, which ensures value addition and immense benefits for the improvement of quality standards of tea for the large and small scale local tea manufacturers. This Tea Colour Sorter is manufactured by Anuhui Shongke Optic Colour Sorter Company, one of the top five ranked companies in ...
Top professional Janaki Kuruppu has been appointed as the new Chairman of the Sri Lanka Tea Board, replacing business leader Susantha Ratnayake. Sources said that Ratnayake, who is also Chairman of premier blue chip John Keells Holdings and main private sector lobby the Ceylon Chamber
By Cheranka Mendis The local tea industry must be prepared to make maximum benefit of Sri Lanka’s biggest market for tea, Russia, entering the World Trade Organisation, Plantation Minister Mahinda Samarasinghe said. Speaking at the award presentation of ‘Ceylon Speciality Estate Tea of the Year’ 2011 Russia held at the Galle Face Hotel, Samarasinghe stated ...
Expo 2012 promoted to national event as catalyst to reach US$ 15 b in exports by 2015 Powerful Cabinet committee appointed; over 1,000 delegates from 30 countries expected Five international road shows done in 2011 as pre-publicity Offers from EU and S. Asian countries to be exhibitors Sri Lanka’s first international export show, which is ...
Ray Wijewardene (1924-2010) was a true Renaissance Man. An alumnus of Cambridge and Harvard Universities and a former Chancellor of Moratuwa University, Ray excelled in many different areas of human endeavor: agriculture, aviation, engineering design, inventions, renewable energy technologies and water sports. A Fellow of the Sri Lanka National Academy of Sciences and the Institution ...
Yet another Committee on Public Enterprise (COPE) report has been tabled in Parliament and media reports indicate that as much as Rs. 19 billion has been mismanaged by the 229 organisations monitored in 16 months, leading one to question: what steps will the Government take to minimise these excesses? If previous COPE reports are any ...
Proposal: 1. Encouraging export industries Devaluation of Sri Lanka Rupee by 3%. Impact: The Sri Lanka Rupee has been appreciating vis-à-vis the competitor countries eroding the competitiveness of our exports. Therefore, the proposed 3% devaluation of the local currency is an encouraging step towards generating more export revenue and maintaining the competitive edge of our ...
Reuters: Sri Lanka’s tea production fell in October for a seventh straight month due to adverse weather and a high base effect, the State-run Tea Board said on Friday. Tea production in October recorded 23.69 million kg against 27.88 million kg in the same month last year. The output in the first 10 months has ...
Last week I was tasked with the responsibility of being a speaker at a Global Coffee and Tea Convention and with much pride announced to the international foray that Sri Lanka had progressed in the world competitiveness rankings from 79 two years back (2009) to be a top 52 country in the world today as ...
On the directive of President Mahinda Rajapaksa, the Ministry of External Affairs has arranged to dispatch a consignment of flood relief goods such as tea, biscuits, sleeping bags, bed sheets, exercise books and medicines to the flood affected people in the Sindh Province in Pakistan. G.L. Peiris, Minister of External Affairs, handed over a token ...
MJF Group Director Operations Malik J. Fernando has called for a Master Plan for the plantation sector. In a press statement issued this week, Fernando says an industry-wide Master Plan is required for Sri Lanka’s 150-year-old plantation industry to realign itself with internal and external changes and to remain competitive. “We need to develop a ...
The Middle Eastern Tea and Coffee Convention that integrates all aspects of coffee and tea under one roof will take place at the Meydan Hotel, Dubai, UAE from 3 to 5 November. The event will feature some of the best names in the world such as Sunalini Menon the Founder and Managing Director of Coffeelab ...
Reuters: Sri Lanka’s tea production fell in September for a sixth straight month due to adverse weather in high growing areas, the State-run Tea Board said on Wednesday. Tea production in September recorded 22.93 million kg against 25.61 million kg in the same month last year. The output in the first nine months has slipped ...
In business the most difficult part is finding, servicing and retaining markets and market share. In exports, this is even more challenging. The ultimate in value addition is brand marketing. The optimum return in global business is achieved by the growth and development of brands. The national economy where the brand is owned has a ...
By Uditha Jayasinghe Brewed by external demand reductions and local policies, Sri Lanka’s value-added tea exports are declining while bulk shipments are increasing, resulting in a possible drop in earnings, industry experts warned yesterday. Terming the reduction in value-added tea as a “disturbing trend,” Asia Siyaka Commodities said in a review report that Sri Lanka’...
At this week’s Tea Auction conducted on 27 September, an Invoice of the OP grade from Magedara Tea Factory established an All Time Colombo Tea Auction Record Price of Rs. 800 per Kg, bettering the previous record price of Rs. 790 which was recorded at the Auction of 13 September, 2011. The tea was sold ...