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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. ...
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 ...
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 ...
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 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 ...
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 ...
Sri Lanka’s tea small holders, who account for 76% of the national tea output, say small holder concerns need to be addressed for tea industry sustainability. “Right now the tea small holders, who are the mainstay of Sri Lanka’s tea industry, are facing some serious problems that will directly contribute towards reducing the national tea ...
By Cheranka Mendis Sri Lanka, popular worldwide for the strong cup of Ceylon Tea it serves, will not take its prestigious position as one of the world’s most sought after brands of the highest quality lightly and will continue investing and researching in the field. Plantations Minister Mahinda Samarasinghe yesterday delivering the keynote address at ...
The Colombo International Tea Convention organised by Colombo Tea Traders’ Association together with the Sri Lanka Tea Board is on from 1 to 3 February at Cinnamon Grand Hotel in Colombo – Pix by Upul Abayasekara
The inauguration of the 20th Session of the United Nation’s Food and Agriculture Organization’s (FAO) Inter-Governmental Group on Tea hosted by Sri Lanka was held last night in Colombo. The sessions proper will begin today and go on until 1 February with the participation of delegates from over 25 countries. Hosted by Sri Lanka ...
The Sri Lanka Tea Board, the apex authority of the tea industry in Sri Lanka, will be hosting the United Nation’s Food and Agriculture Organization’s (FAO) 20th Session of the Inter-Governmental Group (IGG) on tea from 30 January to 1 February 2012 in Colombo. At the 19th session
The year 2011 commenced in the backdrop of many milestones that were achieved in 2010. If we are to analyse the events that unfolded during the first quarter of 2011 in retrospect and review the performance of the tea industry, it would give a great deal of relief and satisfaction. The Colombo auction in January ...
Richard Peiris and Co (Arpico) introduces Tea Colour Sorter machines, which ensures value addition and immense benefits for the improvement of quality standards of tea for the large and small scale local tea manufacturers. This Tea Colour Sorter is manufactured by Anuhui Shongke Optic Colour Sorter Company, one of the top five ranked companies in ...
By Cheranka Mendis The local tea industry must be prepared to make maximum benefit of Sri Lanka’s biggest market for tea, Russia, entering the World Trade Organisation, Plantation Minister Mahinda Samarasinghe said. Speaking at the award presentation of ‘Ceylon Speciality Estate Tea of the Year’ 2011 Russia held at the Galle Face Hotel, Samarasinghe stated ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Despite crises in most world markets, the Government yesterday remained upbeat on prospects for Sri Lanka’s exports which have grown by 35% so far to reach $ 5 billion giving optimism that end 2011 figure would top $ 10 billion. “On the back of 21% growth in exports in 2010, current year’s exports have grown ...