Sri Lanka to establish new institution to maximize utilization of government lands

The Cabinet of Ministers has approved a proposal submitted by the President for the establishment of an institution under the name Assets Utilization Reformation Commission with powers to take necessary measures for productively utilize the identified underutilized assets. “It has become a pioneer requirement to introduce an appropriate methodology for utilizing state ventures with assets […]

Kingslake to support GRI’s next phase of growth: Increase rubber exports

Global Rubber Industries (Pvt) Ltd. has partnered with Kingslake, Sri Lanka’s manufacturing solutions experts, to lay the foundation for its next phase of growth. By leveraging Kingslake’s Advanced Planning and Scheduling (APS) solutions, the country’s leading manufacturer of specialized tires hopes to make a significant contribution to the rubber industry, a key export of the […]

Trees of life: Why worry about deforestation?

By Manadilani Daluwatte – Trustee, Federation of Environmental Organisations, Sri Lanka (FEO) “The death of the forest is the end of our life.” Dorothy Stang Why are forests important?  This is a question that we must all focus on now, before it is too late, as much of Sri Lanka’s forests are being destroyed before […]

Pelwatte receives 463 Mn project facility from SAPP for dairy farming

Pelwatte Dairy, the pioneering domestic Dairy Milk Producer has secured 463 Million from the SAPP (Smallholder Agribusiness Partnerships Programme). Pelwatte Industries reveals its plans to catalyze and distribute it amongst 1000 Dairy Farmers in the upcoming 6 months as its first phase. SAPP is a programme implemented by the Ministry of Agriculture that aims to […]

Sri Lanka national tea sales average up in Jan 2021

All elevations show an increase YOY in LKR and USD terms Feb 03, 2021 (LBO) – The National average for the month of January 2021 of Rs. 645.02 (USD 3.40) has shown an increase of Rs. 56.17 vis-à-vis Rs. 588.85 (USD 3.28) of January 2020, Forbes & Walker Tea Brokers said in a report. However, the report […]

RPCs lay out final proposal to remunerate workers Rs. 1105 per day

In a meeting today between the Minster of Labour Hon. Nimal Siripala de Silva and the Chairmen of all Sri Lankan Regional Plantation Companies (RPCs), a final proposal has been submitted towards ensuring a sustainable earnings model for the sector. This proposal takes into consideration the sustainability of both the industry and livelihoods of plantation […]

Thailand to focus on investment opportunities in plantation and agri in SL

Ambassador of Thailand in Sri Lanka Chulamanee Chartsuwan paid a Farewell Call on Foreign Minister Dinesh Gunawardena on 08 January 2021. During the meeting, the Foreign Minister noted that Thailand has potential to invest in Sri Lanka especially in the plantation and agricultural sector.  Both sides endorsed the importance of finalizing the Free Trade Agreement to spearhead the bilateral economic and trade relations.  In regard to trade relations, the Minister […]

Sri Lanka to launch e-Land Registration programme by August

Jun 30, 2020 (LBO) – Sri Lanka’s e-Land Registration programme is expected to launch by August this year with the support of the Information & Communication Technology Agency (ICTA), President’s Media Division said. Under this programme, an e-Passbook will be issued for the lands registered under the e-Land Registration system. With the new registration programme, […]

National tea sales average up in May 2020

Jun 03, 2020 (LBO) – National average for the month of May 2020 totalled Rs. 697.57, the highest ever recorded for a calendar month surpassing the previous best of Rs. 689.18 recorded in April 2020, a new report says.  In comparison to May 2019 average of Rs. 539.55, shows a significant increase of Rs. 158.02 YOY, Forbes and […]

PM MR sworn in as Minister of Community Empowerment, Estate Infrastructure Development

Jun 01, 2020 (LBO) – Prime Minister Mahinda Rajapaksa was sworn in as the new Cabinet Minister of Community Empowerment and Estate Infrastructure Development before President Gotabaya Rajapaksa at the Presidential Secretariat, today (01). With the demise of Minister Arumugam Thondaman, the ministerial portfolio fell vacant. Secretary to the President, P.B. Jayasundera was also present […]

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