Sri Lanka tea strike prunes profits at Maskeliya Plantations
June 14, 2007 (LBO) – Sri Lanka's Maskeliya Plantations, which produces some of the island's best high grown teas, has reported a sharp fall in profits …
Agriculture
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Sri Lankan listed oil palm firm mulls expansion; warns of drought impact on crop
May 28, 2007 (LBO) – A subsidiary of Sri Lanka's Carsons group with oil palm estates in south east Asia is considering expansion and downstream ventures …
Brent hits nine-month high, New York light sweet low
NEW YORK, May 24, 2007 (AFP) - Crude oil prices closed mixed Thursday as the market focused on healthy stocks of crude in the United States and the contested …
Sri Lanka tea industry mulls futures market
MAY 23, 2007 (LBO) - Sri Lanka's tea industry and the Securities and Exchange Commission are considering introducing a tea futures market as part of efforts …
Sri Lanka tea industry slams plan to hike export cess
May 18, 2007 (LBO) - The Colombo Tea Traders' Association (CTTA) said Friday the industry was strongly opposed to government plans to increase the tea export …
US invites world to take a look at Sri Lanka’s black gold
May 17, 2007 (LBO) - The United States supports Sri Lanka in its effort to develop off shore oil exploration, the country's ambassadore in Colombo said. buy …
Sri Lanka raises fuel prices
May 11, 2007 (LBO) - Sri Lanka has raised fuel prices from midnight Friday with diesel going up by two rupees, petrol by one rupee and furnace oil by three …
Sri Lanka tea export earnings boosted by high prices
MAY 3, 2007 (LBO) - Sri Lankan tea exports fell in the first quarter of 2007 but earnings were up because of high prices caused by supply shortages owing to a …
Sri Lanka tea industry to get back withheld funds; objections to new cess
April 30, 2007 (LBO) - The Sri Lankan government has agreed to release all funds owed to the tea industry from the export cess but key stakeholders are …
Sri Lanka plans performance based incentives to push value-added tea exports
April 27, 2007 (LBO) - Sri Lanka's state tea promotion agency is planning a new initiative based on performance incentives to boost flagging valued added tea …
Sri Lanka’s Talawakelle Tea estate profits dip after strike
April 25, 2007 (LBO) - Hayleys subsidiary Talawakelle Tea Estates (TTEL), has reported a sharp fall in first quarter profits after a strike crippled …
Sri Lanka petroleum retailer to look again at hedging after May
April 21, 2007 (LBO) - Sri Lanka's largest petroleum retailer, the state-owned Ceylon Petroleum Corporation (CPC), is setting its sights on crude oil hedging …
Chevron’s Sri Lanka unit reveals interest in offshore oil exploration
April 20, 2007 (LBO) - US oil giant Chevron-Texaco is interested in bidding for offshore oil exploration blocks in Sri Lankan waters, a top official of its …
Caltex Sri Lanka unit eyes Maldivian lubricant market
April 20, 2007 (LBO) - Chevron Texaco's Sri Lanka unit, Caltex Lubricants, Friday signed a five-year deal with a Maldivian firm to expand in to the lubricant …
Sri Lankan February tea output lowest in decade
April 19, 2007 (LBO) - Sri Lanka's tea production in February fell to its lowest monthly level in 10 years because a strike by labour unions and bad weather …
Bangladesh hikes fuel prices 21 percent in line with global rates
DHAKA, April 2, 2007 (AFP) - Bangladesh's military-backed interim government said Monday that it raised the price of fuels used for transport and cooking by as …
Sri Lanka tea exports recover in February
March 22, 2007 (LBO) - Sri Lanka's tea exports grew six percent in February while higher prices also pushed earnings higher, commodities broker Asia Siyaka …
Strong rubber prices in Sri Lanka gives bounce to Kelani Valley
March 11 (LBO) - Robust rubber prices have boosted after tax profits of Kelani Valley Plantations (KVPL) by 66 percent in 2006, while turnover grew by 21 …
Sri Lanka tea replanting, promotions hit due to withheld industry funds
March 10 (LBO) - Sri Lanka's smallholders are not getting promised incentives for replanting and the national promotional budget for tea has also been hit …
Post-strike blues hit Sri Lanka tea production
March 08, 2007 (LBO) - Sri Lanka, one of the world's biggest exporters of tea, has reported its lowest monthly output in nine-years this January, as bad …