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Floriculture products muster over US$ 16 mn in 2017

Floriculture products muster over US$ 16 mn in 2017

Sri Lanka has earned around US$ 16 million in 2017 by exporting floriculture products. Of that 39% of products are exported as live plants while 60 percent of them were exported as cut foliage.And also, the world demand for ornamental plant production in 2017 is nearly US$ 19…

India Tea is likely to benefit from Sir Lanka wage hike

India Tea is likely to benefit from Sir Lanka wage hike

Indian Tea is likely to gain benefit from wage hike in Sri Lankan plantations and pesticide problems in Vietnam. India is the second largest producer of Tea in the world and contributes 26% to the global production. The expected wage hike in Sri Lankan plantations is estimated to…

Half of India’s surplus Sugar exported to Sri Lanka

Half of India’s surplus Sugar exported to Sri Lanka

Sri Lanka has developed as the largest sugar importer by contributing nearly half of India’s total sweetener exports during the current season beginning October 2018. Data compiled by the apex industry body All India Sugar Trade Association (AISTA) shows India’s total sugar exports to Sri Lanka at 84,536.90 tonnes. With 16,801 tonnes and 15,340…

John Keells, Indra Traders sign agreement with BOI for TRI-ZEN

John Keells, Indra Traders sign agreement with BOI for TRI-ZEN

Braybrooke Residential Towers (Pvt) Ltd, signed an agreement with the Board of Investment for TRI-ZEN a pioneering residential…

Xiaomi officially enters the Sri Lanka market

Xiaomi officially enters the Sri Lanka market

New and innovative Chinese smartphone Xiaomi today announced its official entry into the Sri Lankan market to strengthen…

Social and Labour Convergence Project launched in Colombo

Social and Labour Convergence Project launched in Colombo

Sri Lanka was last month chosen for the global launch of the Social and Labour Convergence Project (SLCP),…

Moody’s downgrades Sri Lanka ratings to B2 amid political crisis

Moody’s downgrades Sri Lanka ratings to B2 amid political crisis

Moody’s Investors Service has downgraded the Government of Sri Lanka’s foreign currency issuer and senior unsecured ratings to B2…

Lanka tea takes 10% share in Chinese market

Lanka tea takes 10% share in Chinese market

Sri Lanka tea exporters to China are increasing and the country has been able to take 10% share…

Sri Lanka top place to travel in 2019: Lonely Planet

Sri Lanka top place to travel in 2019: Lonely Planet

Sri Lanka’s has been named the best place to travel in 2019 by Lonely Planet, “Sri Lanka is…

Developing Economies Call for Global Action to Contain Risks

Developing Economies Call for Global Action to Contain Risks

Concern over rising risks to emerging market economies were centre stage this week as global Finance Ministers and…

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