Watawala rolls out capital expansion plans while stepping up exposure to minor crops
Watawala Plantations is infusing Rs. 158 million through a capital development drive to upgrade its tea and rubber sector, the firm said on Monday. Expansion …
Agriculture
Fancy tea champagne or a teapuccino? One family company has set its sights on dressing up the centuries old tea drink with a trendy outfit
Fancy a meal starting off with tea champagne, a main course spiced with tea, a desert dipped in tea and round it off with a tea cookie or teapuccino? For Sri …
Tea for tourists and sympathy for tsunami survivors in Sri Lanka
The Asian tsunamis washed away much of what drew foreigners to Sri Lanka’s beaches, but a coastal tea plantation reputed for making the world’s …
Capital Alliance Holdings picks up commodity brokers De Silva Abeywardena & Peiris (Pvt) Ltd for Rs. 10 mn
Rising investment bank Capital Alliance Holdings extended its portfolio by picking up commodity brokers De Silva Abeywardena & Peiris (Pvt) Ltd on Monday …
Local tea market will pay 15 % VAT for buying at the auctions
The Inland Revenue Department made Value Added Taxes (VAT) payments mandatory on all teas brought for the local market at the weekly auctions. The Inland …
Tax Trap
The Inland Revenue Department made Value Added Taxes (VAT) payments mandatory on all teas brought for the local market at the weekly auctions. The Inland …
Regional plantation companies are seeking government assistance to help them raise up to a billion rupees in debt urgently
Regional plantation companies are seeking government assistance to help them raise up to a billion rupees in debt urgently. Regional plantation companies are …
A rubber replanting subsidy for all cultivators is doubled to Rs. 100,000 a hectare.
All rubber cultivators, from smallholders to plantation companies can get a Rs.100,000 subsidy per hectare for replanting, from a recently set up rubber cess …
Tea exporter Akbar Brothers raised its stake in Tea Smallholders to 20 percent by picking up a minority stake
Tea exporter Akbar Brothers raised its stake in Tea Smallholders to 20 percent by picking up a minority stake, brokers said. Tea exporter Akbar Brothers raised …
Cess on coconut and palm oil imports to fund local coconut industry
The Plantation Industries Ministry is looking at financing local coconut production through a cess on coconut oil and palm oil imports. The Plantation …
End August tea exports at record 199 mn kilos, in line with projections for over 300 mn kilo year end target
Sri Lanka tea exports to end August 2004 hit 199.29 million kilos the highest quantity shipped for this period and indicates that Sri Lanka is on its way to …
Extreme weather continue to beat at high and mid grown tea production
Extreme weather conditions continue to beat at high and mid grown tea production, with the sectors output dropping 10.27 percent since August 2003. Extreme …
Additional one rupee cess on made teas to fund replanting in estates
A draft Cabinet paper to allow the Tea Board to slap on an additional one rupee cess on made teas will be presented to policy makers shortly. A draft Cabinet …
Vital health indicators in Sri Lanka’s plantation sector have improved significantly since privatisation, a key industry apex body says.
Vital health indicators in Sri Lanka’s plantation sector have improved significantly since privatisation and the establishment of the Plantation Housing and …
Wage talks fall off, giving Plantation Minister till end September to make good on promise
A preliminary round of wage talks fell through, with the Unions saying it is tough negotiation for a Rs. 400 a day wage. A preliminary round of wage talks fell …
New cuppa for kings makes the cup overflow for Sri Lanka tea maker
Inspired by a French perfumer and egged on by an English aficionado, a Sri Lankan master tea maker has revived a centuries-old Chinese tradition to make a brew …
Rubber tappers wages head North on boom in market prices
Workers in Sri Lanka’s rubber sector are tapping the benefits of the current price boom as a result of a Price Share Supplement (PSS) introduced in …
The Tea Board is planning to slap on an addition one rupee cess on made teas, to bridge the gap with its increasing budgets.
The Tea Board is planning to slap on an addition one rupee cess on made teas, to bridge the gap with its increasing budgets. The Tea Board is planning to slap …
A drop in rice production in the current Yala season could see Sri Lanka going hungry for rice.
A drop in rice production in the current Yala season could see Sri Lanka going hungry for rice after November. A drop in rice production in the current Yala …
Lanka tea traders say Pakistan’s move to reduce duties on its side by 10 per cent on tea imports is not effective enough to curb smuggling into the Islamic nation.
Lanka tea traders say Pakistan’s move to reduce duties on its side by 10 per cent on tea imports is not effective enough to curb smuggling into the Islamic …