Nestle Lanka invests in new manufacturing facility
Jan 14, 2017 (LBO) – Nestlé Lanka layed the foundation stone for a new manufacturing facility at its factory in Pannala, Kurunegala, as commitment to …
Agriculture
Sri Lanka govt. decides to reduce tax for imported rice
(PRESS RELEASE) – The government decides to reduce tax on imported rice with effect from midnight today in order to bring relief to the people who are …
Sri Lanka tea auction prices up, good demand
Jan 05, 2017 (LBO) – Sri Lanka tea’s first Auction of the year concluded seeing good demand with high grown tea prices recording gains and low …
Sri Lanka tea sees good demand in November
Dec 22, 2016 (LBO) – Tea production for the month of November totaled 27.3M/kgs, a gain of 2M/kgs against 25.29M/kgs of November 2015, Forbes & …
Finance Min releases Rs7 bn to farmers for Maha season
Dec 21, 2016 (LBO) – The Finance Ministry will release 7 billion rupees to paddy farmers as a fertilizer subsidy during the Maha cultivation season, the …
Reduced non-tariff barriers could boost Sri Lanka’s agriculture exports
Dec 19, 2016 (LBO) – Reducing non-tariff barriers (NTBs) in Sri Lanka is a significant step towards realizing untapped export potential within …
Sri Lanka tea up for third consecutive month in Nov
Dec 07, 2016 (LBO) – Sri Lanka’s tea auction average for the month of November showed gains with prices up 168.82 rupees to 581.33 rupees against …
Sri Lanka planters warn on land redistribution budget proposals
Nov 16, 2016 (LBO) – The Planters’ Association of Ceylon (PA) said it has serious reservations as to the feasibility and potential impact of recent …
Lanka Sugar Company turns loss into Rs1bn profit
Nov 15, 2016 (LBO) – Lanka Sugar Company, which includes Pelwatte and Sewanagala sugar factories, has recorded a profit of 1,018 million rupees for the first …
Sri Lanka bans cinnamon imports and re-exports
Nov 09, 2016 (LBO) – Sri Lanka’s cabinet nod has been received to list Cinnamon as a banned commodity to import from other parts of the world. The move …
Sri Lanka wants to become self sufficient in sugar: Ravi
Oct 20, 2016 (LBO) – Sri Lanka will deploy new initiatives to become self-sufficient in sugar manufacture, Finance Minister Ravi Karunanayake said in a …
Sri Lanka to develop IT platform for tea with Rs220mn
Oct 19, 2016 (LBO) – Sri Lanka is to introduce an industry-wide and real-time IT solution to integrate functions associated with tea in order to improve …
Sri Lanka tea sees fair demand at auction
Sep 15, 2016 (LBO) – Sri Lankan tea overall saw fair demand at this week’s Colombo auctions with demand improving towards end of day, brokers said. …
Finance Ministry to facilitate purchasing system for farmers
Sep 06, 2016 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake said that the government has taken steps to drive the traditional agriculture …
Better demand for Sri Lanka low growns, Jan-July tea production down
Sep 01, 2016 (LBO) – Sri Lanka’s tea prices in overall auction offerings were marginally lower with better demand for low grown and mid to high grown …
Sri Lanka’s tea industry opposes state interference to use levy
Aug 29, 2016 (LBO) – Sri Lanka’s tea industry players have opposed the Finance Ministry’s move to appropriate the funds accumulated by Tea Board, …
Weather to impact Sri Lanka’s tea output in 2016: report
Aug 26, 2016 (LBO) – The impact of extreme weather conditions continues to take its toll on Sri Lanka’s tea crop which is now clearly poised to show a …
Sri Lanka to subsidize smallholder tea, rubber and coconut fertilizer
Aug 24, 2016 (LBO) – Sri Lanka’s cabinet has approved a fertilizer subsidy for tea, coconut and rubber smallholders who own cultivated land in extent …
Sri Lanka tea output dips 14.3-pct in June, Will miss full year target: Tea Board
COLOMBO, July 27 (Reuters) -Sri Lanka’s tea output in June fell 14.3 percent from a year earlier because of heavy rain the previous month, a media report …
Sri Lanka secures USD38mn to strengthen resilience of smallholder famers
At the 13th Board Meeting of the Green Climate Fund (GCF), the main international funding body for climate action, USD 38.1 million was approved in funding for …