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99X Technology, formerly known as Eurocenter DDC, was recognised as the Outstanding Exporter in 2011 in the Gold Category for the Export of Business and Professional Services Sector at the 20th NCE Export Awards, which was held on 21 September at Hilton, Colombo. The award benchmarks 99X Technology as an innovative thought leader in the ...
Union Bank announced the appointment of Sabry Ghouse and Sunil Karunanayake as new Independent Non Executive Directors to the bank’s Board of Directors with effect from 30 August 2012. Appointment of independent directors is an integral part of the bank’s good governance practices, thus ensuring further commitment to the protection of shareholder interest. In this ...
By Cassandra Mascarenhas The Government eServices project spearheaded by the ICT Agency of Sri Lanka celebrated a landmark achievement last evening, launching 22 important eGovernment services, further strengthening the country’s Government sector by making public services easily accessible to the citizens of Sri Lanka via the internet and mobile communication systems. Presidential Secretary...
Sri Lanka has succeeded in becoming a direct tea supplier to Iraq, in addition to be the dominant tea supplier in the country, the fifth largest buyer of Pure Ceylon Tea in the world. “I have been given to understand that our direct shipments of Pure Ceylon Tea to Iraq have, in terms of value, ...
The National Chamber of Exporters of Sri Lanka (NCE) and the Shippers Academy Colombo (SAC) conducted the third seminar in a series on Customs and SLPA automation this month, on post implementation on Customs and SLPA automation process. The event was attended by Sri Lanka Ports Authority Chairman Dr. Priyath B. Wickrama, Sri Lanka Customs ...
Reuters: Sri Lanka now expects 2012 tea production of around 325 million kg, below its target of 330 million kg, as output has fallen in the last five months due to drought, the State-run Tea Board said. Tea production in the first half of the year fell 4.3 per cent year-on-year to 163.26 million kg ...
Wimbledon is special to me not because I played the tennis circuit during my schooling days but for the insights that I get into life and business in general. The 2012 edition in particular was unique, given that a Brit was in the finals of the men’s singles game, that was happening after 74 years. ...
The third in the revived Exporters’ Forum series in Sri Lanka’s new thrust concluded successfully on 10 July in Colombo with the community praising the effort for ‘active follow up’ on problems faced by Sri Lankan exporters. “Today we successfully cleared Rs. 15.5 m refunds which were due for exporters and also managed to resolve ...
As Sri Lanka-UK bilateral trade volumes reported a further rise in 2011, the UK is keen to raise its investments in Sri Lanka. “UK’s Cleveland Bridge Ltd., the well-known global tech engineering company, has won a contract to build 210 permanent steel bridges in Si Lanka. This infrastructure project is partly funded with a loan ...
The National Chamber of Exporters of Sri Lanka (NCE) in association with the Shippers Academy (SA) has organised a workshop to discuss, various issues in the post introduction of ASYCUDA world and online bill payments on 15 July from 8a.m. to 12 noon at the Sri Lanka Foundation Institute. It will involve the participation of ...
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 ...
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 ...
“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’...
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
IRIN: Tea in Sri Lanka is one of the country’s biggest cash crops, but families working on tea estates are among the nation’s poorest in terms of earnings as well as nutrition, say experts who back regional approaches to tackle nutrition disparity. One in every five children younger than five is malnourished nationwide and one ...
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 ...
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
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 ...
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 ...
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 ...
Burdened with an overall tea production dip of 400,000 kgs during the period up to August when compared with 2010 and increased wages, plantation companies are facing losses, industry data showed yesterday. Sri Lanka has recorded a lower crop of 23.9 million kgs for August, 2011, which shows a drop of two million kgs over ...
COLOMBO (Reuters): Sri Lanka’s tea production fell in July for a fourth straight month due to adverse weather conditions, the island nation’s state-run tea board said on Thursday. Tea production in July was 11.5 per cent down to 24.2 million kilogrammes (kg) against 27.4 million kg in the same month last year. The output in ...
Tea export earnings increased by 16.1% to US$ 1,375 million last year due to both increased volumes and high prices. Ceylon tea continued to fetch the highest prices in the major auction centres of the world last year mainly due to the fine quality of Ceylon tea and the high international demand for orthodox tea. ...
Colombo (ICRC): The International Committee of the Red Cross (ICRC) has purchased 118 tonnes of locally-grown tea in Sri Lanka and shipped it to Jordan and Pakistan for distribution to internally displaced persons (IDPs) and resident populations affected by armed conflict and internal violence. ...
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