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- www.ft.lk - Category : Business - Relavancy : 0.13222489

Sri Lanka’s top policy administrator, Dr. P.B. Jayasundera, popularly known by the initials of his name PB, is reported to have proclaimed that Sri Lanka should stop altogether the importation of tea from abroad for blending purposes for it would tarnish the reputation which the country has earned for centuries as the best tea producer ...

- thesundayleader.lk - Category : Breaking News - Relavancy : 0.15268016

Seven reasons were touted for the liberalization of the tea industry by Tea Exporters’ Association (TEA) representatives when they met the press on Tuesday. Those were “Ceylon Tea” losing its position in international markets to global brands; blenders moving out from Colombo to new tea hubs such as Dubai due to exorbitant duties charged on ...

- www.ft.lk - Category : Business - Relavancy : 0.22037482

The industry may be currently involved in infighting, but tea exports have made a welcome rebound in March after suffering sharp declines in the previous two months of the New Year. Overall exports grew by Rs. 1.1 billion or 7.4% to Rs. 16 billion in March aided by better performance by tea shipments in bulk ...

- www.ft.lk - Category : Business - Relavancy : 0.22183913

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 ...

- www.ft.lk - Category : Business - Relavancy : 0.17812684

The Planters’ Association of Ceylon (PA) yesterday reacting strongly to the statement made by the Tea Exporters Association (TEA), at which they have stated, inter alia, that the import of orthodox black tea would not impact adversely on Pure Ceylon Tea as a premium brand. The PA is in total disagreement. While the TEA, by ...

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- www.ft.lk - Category : Business - Relavancy : 0.15268016

A Japanese business delegation led by Chairman of the Japan-Sri Lanka Business Cooperation Committee and Senior Corporate Advisor to Itochu Corporation of Japan Kouhei Watanabe met Minister of Economic Development Basil Rajapaksa at the Ministry of Economic Development yesterday. Watanabe said the Japan Sri Lanka Business Cooperation Committee was working toward promoting investment and trade ...

- www.ft.lk - Category : Business - Relavancy : 0.15268016

The fall of the rupee is likely to bring mixed results for the tea industry, John Keells Plc said last week. It said Sri Lanka’s Rupee fell to a record Rs. 132.20 against the dollar breaking the previous record of Rs. 131.60 on 19 March 2012.   “The impact of the devaluation and rising energy ...

- thesundayleader.lk - Category : Breaking News - Relavancy : 0.15268016

  Industry Has a Bright Future-Analyst By Dinouk Colombage Tea prices at the Colombo auctions have increased after the weakening of the rupee and demand high. “Tea prices have seen an increase due to the rupee devaluation, however, there has been no change to the level of demand,”  Oshan de Silva, marketing executive of Forbes and ...

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- news360.lk - Category : Breaking News - Relavancy : 0.20357354

Sri Lanka’s tea production during March has declined by 23% when compared with the same month a year ago, as bad weather has impacted crops in all tea growing regions. According to the John Keells Tea Brokers, during March 2012, Sri Lanka has only produced 27 million kilograms of tea compared to 35 million kilograms produced ...

- yahoo.com - Category : Breaking News - Relavancy : 6.0291014

Many of those who work in the tea industry in Sri Lanka are living in poverty and their lives are getting tougher.

- www.ft.lk - Category : Business - Relavancy : 0.15268016

Commodity broker John Keells Plc said yesterday that the global production of black tea was heading towards a shortfall in the first half of 2012 due to the prevailing dry weather in major tea producing countries and this will help stabilise prices at remunerative levels. It said worst ever drought in fifteen years in North ...

- www.ft.lk - Category : Business - Relavancy : 0.17812684

Sri Lanka Expo 2012 will kick off from 28 to 31 March at Sirimavo Bandaranayke Memorial Exhibition Centre of BMICH, under the theme ‘Partnering with the Hub of Asia.’ This event will be organised by the Export Development Board. Having foreseen the importance of Expo 2012 to promote Sri Lanka as a destination, Sri Lanka ...

- lankanewspapers.com - Category : Breaking News - Relavancy : 6.0291014

Tea small holders in Sri Lanka say the government has failed to provide assistance to the tea cultiv..

- www.ft.lk - Category : Business - Relavancy : 0.14394823

By Cheranka Mendis The volatility in Middle Eastern markets, coupled with the increasing issue of low quality due to competition and increasing costs, has placed the local tea industry in a big fix, which could, if unattended, immediately mark the end of a Sri Lankan legacy in four to five years. Despite Sri Lankan tea ...

- colombopage.com - Category : Breaking News - Relavancy : 6.0291014

Mar 26, Colombo: Tea small holders in Sri Lanka say the government has failed to provide assistance to the tea cultivators.

- www.ft.lk - Category : Business - Relavancy : 0.25446692

Reuters: Sri Lanka's tea production edged down 0.6 percent in February due to high base in the same month last year, the state-run tea board said on Wednesday. Sri Lanka's February tea output was 21.98 million kg compared to 22.13 million kg in February 2011. The production in the first two months has increased 4.7 ...

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- www.ft.lk - Category : Business - Relavancy : 0.14394823

Industry calls for higher productivity, new market development to ride out uncertainties Tea industry stakeholders say the industry needs to urgently improve productivity and generate new markets, as volatility in major Middle Eastern markets continue to dampen tea export earnings.   While there is strong demand for tea in global markets, price increases for Ceylon ...

- www.ft.lk - Category : Business - Relavancy : 0.15268016

As one of the top producers and exporters of tea, Sri Lanka proudly hosted the Colombo International Tea Convention which was the first international tea convention to be held in the island during peace time. Attended by over 600 delegates, including 175 international delegates the event got under way at the Cinnamon Grand hotel from ...

- www.ft.lk - Category : Business - Relavancy : 0.17812684

Business delegation invited for Sri Lanka Expo Sri Lanka is keen to increase tea exports to Jordon after the latter expressed interest in increasing trade ties, a statement from the Industry and Commerce Ministry said yesterday. “We are thirsty for more and more Ceylon Tea. We can’t get enough of it and we look for ...

- www.ft.lk - Category : Business - Relavancy : 0.2519094

Bogawantalawa Estates bogged down in trade union action, officals assure no impact on auctionBy Cheranka Mendis Due to trade union ‘go slow,’ 15,000 kilograms of tea valued at Rs. 50 million have been held back at the Bogawantalawa Tea Estates Plc despite authorities saying the situation is under control. Credible sources from Bogawantalawa Tea Estate ...

- www.ft.lk - Category : Business - Relavancy : 0.69575465

Namal Rajapaksa, Member of Parliament and Special Envoy of President Mahinda Rajapaksa, is currently visiting Tokyo to attend an Annual Sri Lanka Tea and Trade Promotion Seminar and also to have bilateral discussions with key Japanese dignitaries including Yasushi Akashi, Special Representative

- itnnews.lk - Category : Breaking News - Relavancy : 0.69575465

Discussions have been held between Parliamentarian Namal Rajapaksa and Japanese Special Representative Yasushi Akashi.  Parliamentarian Namal Rajapaksa who is participating in the annual Sri Lanka Tea and Trade Promotion Seminar in Tokyo, Japan met with Japanese Special Envoy to Sri Lanka Yasushi

- newsnow.lk - Category : Breaking News - Relavancy : 0.35625368

The Embassy of Sri Lanka in China organized a Sri Lanka cultural evening and gala dinner under the theme “Refreshingly Sri Lanka” to celebrate the 64th Anniversary of the Independence of Sri Lanka and the 55th Anniversary of the Establishment of Diplomatic Relations between Sri Lanka and China on 05th March 2012 at China World Hotel in Beijing, in collaboration with a large number of Chinese compa...

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- lakbimanews.lk - Category : Breaking News - Relavancy : 0.15268016

By Elmo Leonard Sri Lanka’s mid-February dual hike of diesel by 37 percent and electricity for industry by 15 percent sent shock waves through the gamut of the island’s tea industry. As Sri Lanka celebrates 145 years of commercial tea plantations this year, the government’s boast is that the industry sustains 2 million of its population, directly and indirectly. The brag was echoed by Minister of ...

- www.ft.lk - Category : Business - Relavancy : 0.20357354

“The Sri Lanka Customs  is now streamlining its processes and procedures to facilitate the  export/ import community,”  Dr. Neville Gunawardena, the new Customs  Chief highlighted at a workshop organised by the National Chamber of Exporters of Sri Lanka (NCE) and the Shippers’ Academy Colombo (SAC) last week on the subject of ‘Automation of Customs’...

- thesundayleader.lk - Category : Breaking News - Relavancy : 0.69575465

Thousands of jobs at risk By Indika Sri Aravinda The  tea industry, the country’s second largest net foreign exchange earner is facing a potential crisis as a result of the economic sanctions imposed on Iran by the US government, the Sri Lanka Tea Board said. Tea Board Chairperson Janaki Kuruppu

- www.ft.lk - Category : Business - Relavancy : 0.25446692

Reuters: Sri Lanka’s tea production rose a slight six per cent in January compared to the same month a year ago, when output was especially low, the State-run Tea Board said on Tuesday. January tea output was 22.41 million kg compared to 21.14 million kg in January 2011. “This is the normal output. The increase ...

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- LBO.com - Category : Business - Relavancy : 1.6698112

Sri Lanka tea prices rise after rupee depreciation

- www.ft.lk - Category : Business - Relavancy : 0.12723346

Sri Lanka’s tea small holders, who account for 76% of the national tea output, say small holder concerns need to be addressed for tea industry sustainability. “Right now the tea small holders, who are the mainstay of Sri Lanka’s tea industry, are facing some serious problems that will directly contribute towards reducing the national tea ...

- LBO.com - Category : Business - Relavancy : 1.6698112

Sri Lanka tea small farmers raise output concerns

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