Category: Other
New leaves in tea output despite low grown losses
Sri Lanka’s tea crop grew by a marginal 4 million kilos over 2004, despite the country’s low grown sector still recovering from the December tsunami devastation.Tea production in May at 31.5 million kilos tips 2004’s 30.4 million kilos output, but falls short of the all time high of 33.6 million kilos posted in 2002. May’s […]
Super Doopers
Modern trade or shopping at super markets is a developing habit in Sri Lanka. Modern trade or shopping at super markets is a developing habit in Sri Lanka. But people who have access to information and exposure to brands are shopping at supermarkets more frequently here than in some of the bigger regional economies. Shifts […]
Scam Jam
Though the Gold Quest scam seems to have collapsed in Sri Lanka, anti-pyramid activists are warning that new network marketing scams with other products will start again soon.Though the Gold Quest scam seems to have collapsed in Sri Lanka, anti-pyramid activists are warning that new network marketing scams with other products will start again soon. […]
Thinking out of the tea chest
Industry analysts say receding tea consumption in traditional markets could be negated if new markets are actively tapped for business.A recent study in Britain, the very nation that propagated the tea plantations in the mid 1800s, found that the brew was loosing flavour with the new generation of Brits. Over the last five years total […]
Illegal Quest
GoldQuest, the controversial network marketing scheme, is now illegal in Sri Lanka after its scam drained US$ 15 million in foreign exchange from the country, the Central Bank said Friday.GoldQuest, the controversial network marketing scheme, is now illegal in Sri Lanka after its scam drained US$ 15 million in foreign exchange from the country, the […]
Borrowing Time
Sri Lanka Telecom and the industry watchdog will make further submissions in the District Courts in mid-June to defend the incumbent fixed line operator’s last tariff hike.Sri Lanka Telecom and the industry watchdog will make further submissions in the District Courts in mid-June to defend the incumbent fixed line operator’s last tariff hike. The Court […]
Change of Mind
The Sri Lankan government now says it will consider alternatives to the no-building-zone regulation in areas of land shortage.The Sri Lankan government now says it will consider alternatives to the no-building-zone regulation in areas of land shortage. “Our position is very clear. The buffer zone applies but we acknowledge that there are difficulties (of relocating […]
Come Clean
The World Bank is backing media and civil society groups to make information a ‘public good’ in Sri Lanka.The World Bank is backing media and civil society groups to make information a ‘public good’ in Sri Lanka. “Rule of law, good governance and GDP growth is much higher in countries with better access to information,” […]
Be Prepared
Central Bank is pushing commercial banks to improve risk management and be ready to adopt stringent ‘BASEL II’ standards soon after they are implemented.Central Bank is pushing commercial banks to improve risk management and be ready to adopt stringent ‘BASEL II’ standards soon after they are implemented. The banks deputy governor Ranee Jayamaha told LBR […]
Booby Trapped?
Dozens of Sri Lankans go overseas to surgically enhance their looks according to a local conglomerate that introduced a brand of implants to the local market. Dozens of Sri Lankans go overseas to surgically enhance their looks according to a local conglomerate that introduced a brand of implants to the local market. But importers are […]
Smoke Signals
Sri Lanka’s Central Bank is spearheading a nationwide census to smoke out some 20,000 unregulated financial entities, a top official said Friday. Sri Lanka’s Central Bank is spearheading a nationwide census to smoke out some 20,000 unregulated financial entities, a top official said Friday. Central Bank’s Deputy Governor Ranee Jayamaha says unlicensed deposit taking institutions […]
Tea production continues to grow, with low elevations recovering after December Tsunami
Sri Lanka’s April 2005 tea output topped 32.21 million kilos, up 8 percent over the previous record for the highest monthly volume, posted in April 2004. Tea production up to April 2005 at 104.8 million kilos is also some 3 percent up from the 102 million kilos produced in the first four months of 2004. […]