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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 ...
Another Cancer Hospital affiliated to the National Cancer Institute at Maharagama is to be constructed. It will be built at a cost of 2100 million rupees. The Ahamad Tea Company in London which sends Sri Lanka tea to around 70 countries for about 25 years will be giving 1500 million rupees
Sri Lanka has successfully showcased its latest investment opportunities to keen global investors who visited the world’s ninth largest economy to gauge the future of US manufacturing and global economic outlook. The Sri Lankan pavilion at the ‘International Trade Outlook 2012’ event held in California, the biggest economy in US and the ninth largest in ...
By Chrishanthi Christopher Sri Lanka’s Tea Exporters fear that tea will lose its place as one of the major revenue earners for the country if trade with Iran is abandoned. With Iran out of the market it is reported that for over five weeks the high grown teas are being sold at low prices to ...
SL: Cleanest country in South Asia As we celebrate World Environment Day today, it is important to acknowledge that the Sri Lankan economy has experienced accelerated growth from a 20 billion dollar economy in the 1990s to be a 59 billion rupee economy as at end 2011. However a point to note is that whilst ...
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 ...
By The Lion Without Spot The Pure Ceylon Tea debate rages on. Though the dialogue so far has largely been confined to the print media on the way forward for Sri Lanka’s tea industry and it will no doubt open out the opportunity for discussion in other forums as well, in the days to come. ...
Sri Lanka’s tea industry generates around 1.5 billion dollars to Sri Lanka and provides almost a million jobs to the economy today. In fact Sri Lanka is considered a model to the world across the value chain, from growing to production and from physical distribution to the most admired auction system in the world. From ...
Following is the response from Dlimah Tea Director Malik J. Fernando to Willie Weerasekera’s article ‘Pure Ceylon Tea’ or ‘tea hub’? The billion dollar question published last Friday in Daily FT.The writer speaks sense when he says “the million-dollar question is therefore much more than ‘Ceylon Tea’ or ‘tea hub’ – It is: How do ...
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 ...
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 ...
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 ...
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 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 ...
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 ...
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 ...
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 ...
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 ...
Many of those who work in the tea industry in Sri Lanka are living in poverty and their lives are getting tougher.
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 ...
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 ...
Tea small holders in Sri Lanka say the government has failed to provide assistance to the tea cultiv..
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 ...
Mar 26, Colombo: Tea small holders in Sri Lanka say the government has failed to provide assistance to the tea cultivators.
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 ...
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 ...
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 ...
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 ...
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 ...