Sri Lanka Nestle unit net up 56-pct
Mar 02, 2013 (LBO) – Nestle Lanka Plc, a unit of a Swiss-based food group said profits rose 56 percent to 949 million rupees in the December 2012 quarter …
Agriculture
Sri Lanka poultry firms in the red on higher costs, weaker sales
Mar 01, 2013 (LBO) – Sri Lanka’s Ceylon Grain Elevators, which has interests in feed-milling, hatchery and poultry meat said it lost 229 million …
Sri Lanka Agstar Fertilizers buy rice processor
Feb 19, 2013 (LBO) – Sri Lanka’s Agstar Fertilizers Plc said it had bought control of a rice processing and distribution company for 41.7 million …
Sri Lankan dairy firm to expand capacity, profits up
Feb 17, 2013 (LBO) – Lanka Milk Foods Plc a unit of Sri Lanka’s Distilleries group said it will spend 800 million rupees to expand liquid milk …
Sri Lanka to tighten laws on refuse tea
Feb 08, 2013 (LBO) – Sri Lanka is tightening laws to control the refuse tea prevent malpractices, with draft rules being devised by the plantations …
Sri Lanka tea planters welcome reduction of sudden export tax
Feb 07, 2013 (LBO) – Sri Lanka Planters Association representing large tea growing companies welcome a reduction in a sudden hike in a tea export tax, …
Sri Lanka’s Bogawantalawa tea estate profits surge
Feb 06, 2013 (LBO) – Profits at Sri Lanka’s Bogawantalawa Tea Estates Plc, surged to 146 million rupees from a loss of 28 million rupees a year …
Sri Lanka Horana tea estate profits up on better prices
Feb 05, 2013 (LBO) – Profits at Sri Lanka’s Horana Plantations Plc, which mainly grows tea rose almost trebled to 100 million rupees in the …
Sri Lanka protests rise over sudden tea export tax
Feb 01, 2013 (LBO) – Protests over a sudden export tax slapped on tea intensified with a second industry association joining exporters saying the …
Sri Lanka hosts tea producer forum
Jan 24, 2013 (LBO) – An International Tea Producers’ Forum formed in Colombo will work to secure their common interest, Sri Lanka’s …
Sri Lanka China venture to make specialty tea
Jan 23, 2013 (LBO) – Sri Lanka’s Elpitiya Plantations Plc has formed a joint venture with China’s Yunnan Dianhong Group to produce …
Sri Lanka to imports 4,500 dairy cows to state farms
Jan 18, 2013 (LBO) – Sri Lanka’s state-run National Livestock Development Board is spending 28.537 million US dollars to import 4,500 dairy cows, …
Japan to grant dredger to keep Sri Lanka fishery harbhours open
Jan 16, 2013 (LBO) – Japan will grant a dredger to Sri Lanka’s state-run fishery harbhour agency to keep navigational channels clear for fishermen, …
Sri Lanka imports fish from China for canning, more factories ahead: report
Jan 14, 2013 (LBO) – Sri Lanka is to set up another plant to can fish while existing tax protected factories are importing raw fish from China to prevent …
Sri Lanka farmers earn US$31mn from Nestlé
Dec 27, 2012 (LBO) – The Sri Lanka unit of Nestlé, a Swiss-based food group said it had paid 4 billion rupees (31 million US dollars) to dairy and …
Sri Lanka tea estate firm says ‘out grower’ model boosts production
Dec 20, 2012 (LBO) – Sri Lanka’s Kahawatta Plantations Plc, has increased production and boosted employee incomes by trying out an ‘out …
Sri Lanka drought hit farmers get free seed paddy
Dec 06, 2012 (LBO) – Sri Lanka’s rice farmers who have been hit by a recent drought will be given 371 million rupees worth of seed paddy by tax …
Sri Lanka war refugees get 175 boats from India
Dec 04, 2012 (LBO) – India has gifted 175 boats and equipment worth 71 million rupees to war refugees in Mannar in northeastern Sri Lanka, the Indian …
Sri Lanka’s Sunshine Holdings in talks with palm oil firm
Nov 29, 2012 (LBO) – Sri Lanka’s Sunshine Holdings, which has interests in tea and oil palm said it was in talks with Pyramid Wilmar (Pvt) Ltd, a …
Sri Lanka toddy tappers face extinction
WADDUWA, Sri Lanka, Nov 12, 2012 (AFP) – Clambering between high trees carrying a knife in the search for sap to brew alcoholic drinks is a young …