Category: Agriculture
Xuebing Sun assumes duties as new FAO Representative for Sri Lanka
Xuebing Sun presented his credentials to Mr. Tilak Marapana, Minister of Foreign Affairs of the Democratic Socialist Republic of Sri Lanka, as the new Representative of the Food and Agriculture Organization (FAO) in Sri Lanka, at the Ministry premises on Monday, 10th June. Mr. Sun is a Senior Environmental Economist by training with 32 years […]
Sri Lanka tea prices down in May 2019
Jun 06, 2019 (LBO) – Sri Lanka’s tea prices or national average for May 2019 were down to 51.69 rupees vis-à-vis May 2018 with medium and low growns showing the biggest deficit, a report shows. “In first 5 months of year, prices show a decrease of 41.64 compared to 2018,” Forbes and Walker Tea Brokers […]
Fishing For Sustainable Profits in the Northern Province
By Jekhan Aruliah I have so often heard from well meaning cash rich Diaspora that they can’t find sensible investment opportunities in the North. As the Good Book says, “seek and ye shall find”. For example, look at the Northern fisheries industry. It may surprise you to hear that the Northern Province has about 40%* […]
‘s National tea sales average down in April 2019
May 09, 2019 (LBO) – Sri Lanka’s tea sales for the month of April 2019 showed a decrease when compared with the same period last year, a new report shows. “National average for the month of April 2019 totalled 578.23 rupees vis-à-vis 585.92 rupees of March 2019 showing a marginal decrease of 07.69 rupees month on […]
ABACUS Tea unveils staple-free technology for existing tea bag machines
Abacus Tea Pvt Ltd on 9th April at the Hilton Colombo presented a ground breaking invention by making Constanta tea bag machines staple free. The breakthrough is an invention by tea bag industry veteran and Abacus Tea Pvt. Ltd Chairman, Rohan De Lanerolle, who will now give a new lease of life to over 1,000 […]
‘s climate resilient agriculture & infrastructure services
Apr 12, 2019 (LBO) – Sri Lanka and the World Bank has signed two new agreements worth 150 million US dollars to improve climate resilience and agriculture productivity for small farmers and support priority infrastructure through public-private partnerships. Hartwig Schafer, World Bank Vice President for the South Asia Region and Dr. R.H.S.Samaratunga, Secretary, Ministry of Finance […]
Reuters replies to Planters Association and stands by allegations
Apr 09, 2019 (LBO) – The Thomson Reuters Foundation has responded to The Planters’ Association of Ceylon (PA) statement published on www.lankabusinessonline.lk on 2nd April which claimed that the Reuters article titled ‘Tea Label Giants Vow Probe after Sri Lanka Labour expose’ on tea estates were false. Kieran Guilbart, the Thomson Reuters Foundation commissioning editor, has countered each point […]
Australia increases support for demining efforts in Sri Lanka
Apr 03, 2019 (LBO) – Australia has increased its support for humanitarian demining efforts in Sri Lanka to mark the International Day for Mine Awareness and Assistance in Mine Action on Thursday. Australia will provide more than 124 million rupees in assistance over the next two years through a partnership with the Mine Action Group (MAG) […]
Opinion: SL Planters Assosiation on allegations of labour abuse
The Planters’ Association of Ceylon (PA) wishes to draw the general public’s attention to serious factual misrepresentations and inaccuracies initially published by Thomson Reuters Foundation and authored by freelance journalist, Lisa Fuller in her article titled: ‘Tea Label Giants Vow Probe after Sri Lanka Labour Abuse Expose’ At the outset, the PA notes with disappointment […]
Construction of Sri Lanka’s first Cold Storage complex for perishables inaugurated
Mar 30, 2019 (LBO) – The construction of Sri Lanka’s first Temperature and Humidity Controlled Warehouse Complex for Perishables was initiated today by the Economic Reforms Minister Harsha de Silva and the High Commissioner of India, Tharanjith Singh Sandu at the adjoining land of Dambulla Economic Centre. The proposed Cold Storage complex with a capacity of 5,000 […]
Sri Lanka GDP grows 3.2-pct in 2018
Mar 21, 2019 (LBO) – The Department of Census and Statistics (DCS) releasing the estimated Gross Domestic Product (GDP) data said the islands economic growth rate for the year of 20 18 has been estimated as 3.2 percent. The GDP for Sri Lanka for the year of 20 18 (January to December) at constant (2010) price […]
Sri Lanka estate workers daily wage hiked to Rs. 800 from April 01st : Fin Min
Mar 13, 2019 (LBO) – Sri Lanka’s Finance Minister said estate workers will receive a 800 rupees daily wage from the present 700 rupees from April 01st 2019. ‘They will receive Rs. 50 daily allowance form April 01st for the next 12 months,’ he told reporters in Colombo a short while ago. ‘The wage which […]