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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.
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.
[…]The post Budget Woes; How Soon Will Titanic Touch The Bottom? appeared first on Colombo Telegraph.
The sharp increase in lending rates is a major cost to the industry
Tea farmers would be able to import fertilizer and inputs
Regional plantation companies and smallholders are harvesting green leaf and arranging deliveries
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
[…] The post “Tea Is The Most Affordable Luxury,” Says The Sri Lanka Tea Board. How So? On Whose Toil? appeared first on Colombo Telegraph.
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...
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 ...
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 ...
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
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 ...
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 ...
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 ...
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 ...
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