Sri Lanka’s Hapugastenne estate profit soars on high tea prices, asset sales
August 27, 2007 (LBO) – Sri Lanka's Hapugastenne Plantations said net profit for the June quarter shot up 472 percent to 170 million rupees with the …
Agriculture
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Sri Lanka’s Ceylon Tea Services reports slow down in tea bag exports
Aug 24, 2007 (LBO) – Tea bag exporter Ceylon Tea Services Ltd., part of the Dilmah brand group, said net profit fell 7.1 percent to 152 million rupees …
Sri Lanka hosts global tea forum to discuss production, standards
August 24 (LBO) – Experts from the world's top tea producing and consuming countries will meet in the Sri Lankan capital Colombo next week to discuss …
Sri Lanka tea trade charges cess fund delays jeopardizing industry
August 24 (LBO) – Sri Lanka's tea trade, the island's main export earner, has said funds raised from a tax on exports are still not being ploughed back …
Sri Lanka Tata Tea unit reports lower June quarter profits
August 22, 2007 (LBO) – Sri Lanka's Watawala Plantations plc, a unit of India's Tata Teas, said net profit for the quarter ended June 2007 fell 24 …
Sri Lanka Kelani Valley estates revenues recover but profits dip in June quarter
August 08, 2007 (LBO) – Kelani Valley Plantations, a unit of Sri Lanka's Hayleys group, saw profits dip 36 percent in the quarter ended June 2007 as …
Sri Lanka earns more by selling less tea
Aug 2, 2007 (AFP) - Sri Lanka's tea export volumes fell by 10 percent in the first six months of this year, but earnings rose marginally by three percent, a …
Sri Lanka needs more protectionist agricultural policies: agri economist
August 01, 2007 (LBO) – Sri Lanka needs a more protectionist trade policy to ensure vulnerable sections of society are protected from the negative …
Sri Lanka agribusiness firms reach out to farmers
July 31, 2007 (LBO) –Sri Lanka's agribusiness companies have started a programme to get corporate executives to volunteer their services help farmers …
Sri Lanka sugar firm reports losses
July 31, 2007 (LBO) – Pelwatte Sugar group has reported a loss of 75.6 million rupees for the June quarter while sales also fell 53 percent to 161 …
Sri Lanka™s Bogawantalawa Tea Estates loses money but enters export marketing
July 26, 2007 (LBO) – Bogawantalawa Tea Estates Ltd. has reported loss last year but its marketing subsidiary, about whose viability auditors have raised …
Sri Lankan agri-business offers support for farmers
July 25, 2007 (LBO) – Sri Lanka's National Agribusiness Council (NAC) has started a scheme to help farmers get better access to markets and other skills …
Sri Lanka offers state land to agribusiness in profit sharing deal
July 21, 2007 (LBO) – The Sri Lanka is ready to give free land to agribusiness companies for cultivation on a profit sharing basis, a government minister …
Sri Lanka low grown teas fetch record prices
July 13, 2007 (LBO) – Sri Lanka's low grown tea prices have surged owing to strong demand from key buying countries and a shortfall in the crop, brokers …
Sri Lanka tea firms lose on wage hikes and strikes
July 10, 2007 (LBO) – A pay hike wrested by workers with a strike on Sri Lanka's tea estates last year has taken its toll on two more plantations …
Sri Lanka to tighten controls on tea imports
July 09, 2007 (LBO) – Sri Lanka's Tea Board plans to double the import duty on foreign-made teas and introduce quality certification for imports to …
Sri Lanka drops controversial new tea export tax
June 26 (LBO) – A proposal to increase a tax on Sri Lankan tea exports to fund subsidies has been dropped after opposition from producers and exporters, a …
Sri Lanka tea trade urged to uphold ethical, professional standards
June 23 (LBO) – Two top Sri Lankan tea industry figures have urged the trade to make more efforts to maintain ethical and professional standards to avoid …
Sri Lanka tea trade wins demand on export tax usage
June 22 (LBO) – Sri Lanka's tea trade has won a greater say in how funds raised from a tax on tea exports are spent by the government, a senior industry …
Sri Lanka appoints new committee to examine plantation leases
June 18, 2007 (LBO) – The government is setting up a new committee to examine the long-term leases of estate lands to the privatized plantations firms, a …