Category: Agriculture
ComBank to take advanced agriculture to Sri Lankan farmers, village by village
The Commercial Bank of Ceylon has embarked on an ambitious mission to propagate technology in the agriculture sector, encompassing all areas of agricultural potential in the country. This initiative aims at empowering farmer communities and improving the quality and volume of crop yields by fostering sustainable agriculture practices and equipping rural communities with the latest […]
‘ Forum Ready to Collaborate with Govt for Economic Revival & Food Security
The Sri Lanka Agripreneurs’ Forum (SLAF) congratulates the newly elected government and parliament, expressing optimism for a transformative era in Sri Lanka’s agricultural and economic landscape. SLAF firmly believes that the new government, with its visionary leadership, has the potential to bring about the comprehensive changes needed to uplift the agriculture sector. This leadership offers […]
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Fitch Ratings has downgraded Kotagala Plantations PLC’s National Long-Term Rating to ‘CCC(lka)’, from ‘B+(lka)’, and its listed unsecured debentures of LKR251 million due between the financial years ending March 2025 (FY25) and FY27 to ‘CCC-(lka)’, from ‘B+(lka)’. The downgrade follows a major weakening in liquidity. We expect the statutory increase in labour costs effective September […]
Presidential Subsidy Initiative Supports Farmers and Fishermen
President Anura Kumara Dissanayake has instructed the Treasury to provide an allowance of Rs. 25,000 per hectare to paddy farmers for the Maha season of 2024/25. According to this initiative, the fertilizer subsidy, which was previously set at Rs. 15,000 per hectare, will be increased to Rs. 25,000. This enhanced subsidy will take effect starting […]
Planters’ Association of Ceylon welcomes new President : Calls for collaborative efforts to transform sector
The Planters’ Association of Ceylon (PA) congratulates NPP leader Anura Kumara Dissanayake on his election as the 9 th Executive President of Sri Lanka and called for renewed collaboration to secure sustainable growth and livelihood empowerment within the plantation sector. The Association called on President Dissanayake to initiate a transformative era for the plantation industry […]
” National Rating; Outlook Stable
Fitch Ratings has assigned Sri Lanka-based Bogawantalawa Tea Estates PLC a first-time National Long-Term Rating of ‘A(lka)’ with a Stable Outlook. Fitch has also assigned Bogawantalawa’s outstanding senior unsecured debentures a National Long-Term Rating of ‘A(lka)’. Bogawantalawa’s ratings are driven by the long-term structural decline at Sri Lankan tea plantations amid regulatory overhang on costs, […]
Baurs holds insightful expert session on sustainable nitrogen management for agriculture
The urgent need for sustainable nitrogen management has never been more critical for Sri Lanka, as highlighted by recent findings on the environmental and economic impacts of nitrogen use in agriculture, stressed an insightful technical session on Super Urea, held by A. Baur & Co. (Pvt) Ltd, also known as Baurs, a name synonymous with […]
Opinion: The impact of RPCs on Sri Lanka’s economy and environment
Senaka Alawattegama, Chairman, Planters’ Association of Ceylon Despite challenges like COVID-19 and economic crises, Sri Lanka’s plantation industry remains a key economic pillar. Privatization in 1992 increased operational efficiency and reduced the government’s financial burden. RPCs have diversified crops, invested in environmental conservation, and improved worker welfare. The plantation industry has long […]
‘s Plantation sector
By Dr. Dan Seevaratnam Sri Lanka continues to grapple with severe economic challenges that affect all its citizens, including those in the plantation sector. At a time when nearly one in four Sri Lankans has fallen below the poverty line as a result of the Sri Lankan economy’s historic downturn over the past 4 years, […]
GEF-funded project launched to enhance sustainable land management practices in the plantation sector
Sri Lanka, recognised globally as a biodiversity hotspot, hosts a diverse array of flora and fauna. Approximately 60% of the nation’s endemic flora thrive in the lowland wet ecosystems, while 34% are found in the highland montane regions, both of which also support the majority of Sri Lanka’s animal species. Additionally, tea and rubber plantations […]
Sri Lanka Uses Tea Exports to Payoff USD 55mn of USD 251mn Iran Fuel Debt – Tea Board
Under the Memorandum of Understanding between Iran and Sri Lanka, Sri Lanka commenced the repayment of its USD 250.9 million fuel debt to Iran through tea exports. “As per the agreement, Sri Lanka aims to settle this debt through tea exports. To date, Sri Lanka has repaid USD 55 million of this debt,” Sri Lanka […]
Ceylon Chamber hosts ADB consultation mission to strengthen agri-food value chains in Sri Lanka
As part of efforts to address the urgent need for reforms in Sri Lanka’s agriculture sector, the Ceylon Chamber hosted a consultation mission from the Asian Development Bank (ADB). The mission aims to prepare an investment project to bolster Sri Lanka’s agribusiness sector through targeted investments, technical support, and policy reforms. The Ceylon Chamber brought […]