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Sri Lankan tea prices that had been piping hot have cooled off as production in the world’s fourth-largest tea grower begins to recover.The post Sri Lanka tea prices dip 40% from record high on production rebound appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Prices of cup of plain tea and milk tea reduced (Category: Breaking News)
- Sri Lanka tea industry to fully recover next year, says minister (Category: Breaking News)
- Leaf Trend (Category: Business)
- Crop Condition (Category: Business)
Sri Lanka is set to start bartering tea to Iran next month in lieu of $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit country tries to lift sales to a key market and protect its forex reserves.
- Government land policy is fair- Keheliya (Category: Breaking News)
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
Earnings from Sri Lanka’s tea exports contracted 5 percent Year-on-Year (YoY) or by US$ 65.7 million to US$ 1.259 billion in 2022 due to reduced quantities shipped to importing markets.The post Tea export earnings down 5% in dollar terms, but hit record-high in rupee terms amid sharp depreciation appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lankan Rupee appreciates against U.S. Dollar (Category: Breaking News)
- Sri Lanka tea exports down 10-pct in July; dollar and rupee earnings up (Category: Breaking News)
- Sri Lankan Rupee further depreciates against U.S. Dollar (Category: Breaking News)
- Sri Lankan Migrant workers’ remittances record sharp increase in May (Category: Breaking News)
[…]The post Budget Woes; How Soon Will Titanic Touch The Bottom? appeared first on Colombo Telegraph.
- Banks, Fitch Ratings, NPLs & Impairments! (Category: Breaking News)
- Banks, Fitch Ratings, NPLs & Impairments! (Category: Breaking News)
- CB To Launch A Diagnostic Audit Of Sri Lankan Banks; “Physician, Heal Thyself”! (Category: Breaking News)
- Fly Highdream Big (Category: Breaking News)
In dollar terms, the average sale price for Sri Lankan tea had been 4.41 dollars per kilogram
- Sri Lanka tea sold at historical high prices in July 2022 (Category: Breaking News)
- Sri Lanka tea exports down 10-pct in July; dollar and rupee earnings up (Category: Breaking News)
- Sri Lanka tea exports down 12.6-pct in June 2022, rupee earnings up in soft-peg collapse. (Category: Breaking News)
- Sri Lanka’s Ceylon tea exports down 17-pct in May 2022 (Category: Breaking News)
The sharp increase in lending rates is a major cost to the industry
- Niraj de Mel made Chairman of Sri Lanka Tea Board (Category: Breaking News)
- Sri Lanka tea output falls, exports down 5-pct but supplies maintained (Category: Breaking News)
- Sri Lanka tea prices to stay strong. (Category: Breaking News)
- Tea Exporters set target of 5B Rupees by 2020 (Category: Breaking News)
July prices surpassed the previous record price reported in April 2022 of 1,333.61 (USD 4.14).
- Sri Lanka’s state-run Litro reduces cooking gas prices (Category: Breaking News)
- Sri Lanka cuts petrol to Rs410 a litre, diesel unchanged (Category: Breaking News)
- Sri Lanka revises fuel prices; Petrol price reduce by Rs.20 (Category: Breaking News)
- Sri Lanka’s state-run Litro drops cooking gas prices (Category: Breaking News)
Promises inputs amid soft-peg crisis
- Leaf Level (Category: Business)
- Cultivating Clones (Category: Business)
- Demand Effect (Category: Business)
- Green Leaf (Category: Business)
Tea farmers would be able to import fertilizer and inputs
- Sri Lanka tea export earnings exceed 1 bn dollar (Category: Breaking News)
- Leaf Level (Category: Business)
- Sri Lanka tea export earnings to hit record high (Category: Breaking News)
- Sri Lanka tea export earnings to hit record high (Category: Breaking News)
Regional plantation companies and smallholders are harvesting green leaf and arranging deliveries
- Market Share (Category: Business)
- Leaf Factor (Category: Business)
- Value Trend (Category: Business)
- Leaf Trend (Category: Business)
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
- “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? (Category: Breaking News)
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 ...
- 99X Technology wins Arch of Europe Gold Award for Quality and Technology (Category: Business)
- 20th Annual NCE Export Awards launched (Category: Business)
- Dankotuwa bags another gold at NCE awards (Category: Business)
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 ...
- Union Bank appoints former CB Deputy Governor to Board (Category: Business)
- Wijeyeratne appointed to Union Assurance Board (Category: Business)
- NAMAL moves into new head office (Category: Business)
- Singer Finance appoints two new independent Non-Executive Directors to its Board (Category: Business)
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...
- Special New Year transport information via 1919 (Category: Business)
- ICTA’s Lanka Gate e-services project for better public service (Category: Business)
- Number of Lanka Gate users per day exceeds 3,000 (Category: Business)
- Reservoir level updates via SMS to farmers (Category: Business)
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, ...
- Sri Lanka becomes a direct supplier of Pure Ceylon Tea to Iraq (Category: Breaking News)
- Jordan wants higher Ceylon Tea exports (Category: Business)
- Iraq looking for Lankan apparels, rubber in big volumes (Category: Business)
- Sri Lanka’s second global brand born (Category: Business)
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 ...
- Customs requests trade to be ready for change at NCE-SAC workshop on ASYCUDA World (Category: Business)
- Process changes at BOI (Category: Business)
- Payments to Customs, ports a ‘click’ away (Category: Business)
- Easier Access (Category: Business)
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 ...
- JANUARY TEA OUTPUT INCREASES (Category: Breaking News)
- Kenya tea exports up 10% in first quarter (Category: Business)
- January tea output up 6% (Category: Business)
- July tea output down 11.5% (Category: Business)
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. ...
- London: World’s first social media Olympics (Category: Business)
- The brand IPL is about highlighting performance (Category: Business)
- Ceylon Tea in catch-22? (Category: Business)
- The US Open and Sri Lankan policy (Category: Business)
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 ...
- Exporters’ Forum returns in full strength; exporters upbeat on prompt results (Category: Business)
- First-ever direct consultation with export titans starts in earnest (Category: Business)
- Sri Lanka moves to upgrade rubber infrastructure to play 2022’s $ 4 b target (Category: Business)
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 ...
- British High Commissioner hosts reception for UK companies at Sri Lanka Expo (Category: Business)
- UK specialist to supply 210 rural bridges under $ 56 m project (Category: Business)
- Consider Sri Lanka an ethical, profitable trading partner: British envoy (Category: Business)
- UK keen on Sri Lanka’s booming tourism sector; Rishad invites Britain to Expo 2012 (Category: Business)
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 ...
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
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 ...
- Hub is no hoodoo, says TEA (Category: Business)
- Marketing 3.0 and Sri Lanka (Category: Business)
- ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question (Category: Business)
- Do people prefer coffee over tea? (Category: Business)
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 ...
- Tackling tea travails (Category: Business)
- Planters’ Association Chief says turbulent times for tea (Category: Business)
- Sector report (Category: Business)
- Tea Industry Divided Over Importing Tea For Blending (Category: Breaking News)
“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’...
- Exporters’ Forum returns in full strength; exporters upbeat on prompt results (Category: Business)
- NCE to conduct workshop on Asycuda World (Category: Business)
- NCE workshop on ‘Asycuda World’ on 27 October (Category: Business)
- Payments to Customs, ports a ‘click’ away (Category: Business)
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