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Sri Lanka’s value added tea export has increased by 58% during the first nine months of the year. The country’s value added tea export percentage was averaging around 30% during the past few years. The Sri Lanka Tea Board said its intention was to increase the exports of value added tea
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 ...
Nov 18, Colombo: For a seventh consecutive month Sri Lanka's year-on-year tea output dropped by 15 percent in October, the figures released by the Sri Lanka Tea Board Friday showed.
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 ...
Oct 19, Colombo: For a sixth consecutive month Sri Lanka's year-on-year tea output dropped over 10 percent in September, the figures released by the Sri Lanka Tea Board Wednesday showed.
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 ...
A Tea broker says Sri Lanka’s agricultural production and hydro power generation will be badly affected if the prevailing dry weather conditions continue. John Keells Tea Brokers in its weekly tea report says, according to the Meteorology department the inter-monsoonal rains may be delayed, and the forecast suggest very little signs of heavy rainfall at least ...
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’...
Bad weather is hitting the production of tea in Sri Lanka, one of the island's most crucial industries.
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 ...
By Uditha Jayasinghe Reeled by the overall crisis in the Middle East, the country’s tea industry has got a fresh jolt with Syria banning imports in value added form though the Government is cautioning undue panic was unwarranted. As part of a national policy Syria has banned all imports carrying a tariff of over 5% ...
Sri Lanka tea production from the highest hilly locations, and from medium altitudes, declined sharply in August.
The annual “IFTM TOP RESA” (International French Travel Market) was held in Paris with the participation of more than 1200 companies, including several Chief Executives from well established travel companies in Sri Lanka. Sri Lanka’s participation was facilitated by the Embassy of Sri Lanka in France in collaboration with the Sri Lanka Tourism Promotion ...
Industry wants promotions in Russia and Far East to fill vacuum from recession-hit West Demand from Middle Eastern markets, which accounts for 55% of tea exports, is still low, according to a report released by a broker recently. The Lanka Commodity Brokers tea market report noted that demand from Middle Eastern countries for Colombo Tea ...
President Rajapaksa who is attending the 66th session of the UN General Assembly has held talks with several world leaders. The progress achieved by Sri Lanka since the elimination of terrorism from the island earned plaudits of the world leaders. The President yesterday had bilateral discussions with leaders of Slovenia, Kyrgyzstan and Nigeria. The President ...