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2012 unlikely to match up to 2011 tea revenue; stakeholders’ voice uncertaintya By Cheranka Mendis The tea industry which brought in revenue of approximately US$ 675 million within the first six months of this year – US$ 50 million below the revenue collected in the same period in 2011 – is likely to fall short ...
Wide publicity has been given to the events unfolding at the Sri Lanka Tourism regarding the resignation of the Chairman from Sri Lanka Tourism Promotion Bureau, Sri Lanka Institute of Tourism and Hotel Management and Sri Lanka Convention Bureau and the performance of the Board of Investment. The media reports have given the impression that ...
Ballooning trade gap Even with the multitude of measures taken to curb imports, Sri Lanka's cumulative trade deficit widened to nearly US$ 1.7 billion in the first two months of the year with earnings from exports increasing marginally by 3.3 per cent to US$ 1.8 billion whilst import expenditure shooting by 24.7 per cent to ...
News reports point to an important decision that the minister concerned has been requested to make on the above subject. If this is correct it is important that we recognise that it is more than a million dollar decision that has been called for. It is so important a decision because it could determine the ...
The inauguration of the 20th Session of the United Nation’s Food and Agriculture Organization’s (FAO) Inter-Governmental Group on Tea hosted by Sri Lanka was held last night in Colombo. The sessions proper will begin today and go on until 1 February with the participation of delegates from over 25 countries. Hosted by Sri Lanka ...
The Sri Lanka Tea Board, the apex authority of the tea industry in Sri Lanka, will be hosting the United Nation’s Food and Agriculture Organization’s (FAO) 20th Session of the Inter-Governmental Group (IGG) on tea from 30 January to 1 February 2012 in Colombo. At the 19th session
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 ...
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 ...
Despite crises in most world markets, the Government yesterday remained upbeat on prospects for Sri Lanka’s exports which have grown by 35% so far to reach $ 5 billion giving optimism that end 2011 figure would top $ 10 billion. “On the back of 21% growth in exports in 2010, current year’s exports have grown ...
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