ECONOMYNEXT – Sri Lanka’s tea exports in January 2019 rose almost 13 percent or by 2.7 million kilos to 23.6 million kilos from a year ago, brokers said. Tea bags and packeted tea have shown a growth during the period under review, while bulk tea exports decreased, Forbes & Walker Tea Brokers said. Total tea export revenue rose 17.5 percent or by three billion rupees to … [Read more...] about Sri Lanka’s January tea export shipments up 13-pct
External ecstasy, domestic danger for SL
Standard Chartered Bank Global Chief Economist David Mann (right) at the Global Research Briefing 2019 in Colombo along with South Asia Economist Saurav Anand (centre) and Head of ASA FX Research Divya Devesh - Pic by Lasantha Kumara Standard Chartered Bank says external factors favourable for Lankan economy this year, domestic challenges remain Lower oil prices, … [Read more...] about External ecstasy, domestic danger for SL
The fight against wildlife trafficking: CITES in Sri Lanka
Only around 5% of Sri Lankan elephants are tuskers: But even though Sri Lanka is not a source of the global “blood ivory” trade, the island is still a major hub for it and other wildlife trafficking – Pic by Shehan Gunasekara From pangolins to elephants, from tropical timber to birds and snakes: Wildlife trafficking is one of the largest illegal global trade sectors and … [Read more...] about The fight against wildlife trafficking: CITES in Sri Lanka
Big change in Sri Lanka govt spending seen needed
ECONOMYNEXT – A structural change is needed in Sri Lankan government spending, nearly half of which now goes for salaries and interest payments, with more expenditure required on education, health and infrastructure, a senior official said. “Total government spending has been falling to a manageable level but we need to change its composition,” said C. J. P. Siriwardena, Deputy … [Read more...] about Big change in Sri Lanka govt spending seen needed
Sri Lanka approves 13 new hotel investments in Dec quarter
ECONOMYNEXT - Sri Lanka has approved for 54.7 million US dollars in hotel investments during the fourth quarter ending in December 2018, the state tourism office said.Sri Lanka Tourism Development Authority data showed the investments were across 13 new hotel projects, of which 12 were small, with less than 49 rooms each.One project in Trincomalee will have 50 rooms.In total, … [Read more...] about Sri Lanka approves 13 new hotel investments in Dec quarter
Germany calls for more transparency in SL as bilateral ties expand
German Ambassador to Sri Lanka Jörn Rohde Sri Lanka and Germany footprint in each other on the rise Greater private sector interactions this year following opening of German Trade Office in Colombo Ambassador says post-Constitutional crisis, regaining investor confidence with stability and reforms is key Suggests liberalisation of shipping and freight forwarding if Sri … [Read more...] about Germany calls for more transparency in SL as bilateral ties expand
Japan’s Odakyu Group partners TAD Group for Rs. 4.5 b investment in Sri Lanka
One of the largest conglomerates operating in a multitude of mandates in Transport, Real Estate and Retail in Japan; the Odakyu Group together with its consortium partners Stasia Capital and UDS, is no stranger to grand ventures. For the first time in its illustrious 70-year history, it reaches far beyond Japan as it establishes its first offshore partnership in Sri … [Read more...] about Japan’s Odakyu Group partners TAD Group for Rs. 4.5 b investment in Sri Lanka
Sri Lanka’s Lee Hedges to build Rs1.1bn car park
ECONOMYNEXT - Sri Lanka's Lee Hedges Plc said its board has decided to build a 1.1 billion rupee car park in a property on a Colombo 03, Galle Road property. The car park is the first phase of a larger commercial development. It will take a 12 months to complete and will have 186 parking slots in 6 floors, the firm said in a stock exchange filing. … [Read more...] about Sri Lanka’s Lee Hedges to build Rs1.1bn car park
Japan's Odakyu Group exclusively partners TAD Group for unprecedented Rs. 4.5 Bn investment in …
Together, this innovative trifecta of partnerships hope to create a renewed era of growth and leadership in the Sri Lankan economy. The TAD Group ...Source link … [Read more...] about Japan's Odakyu Group exclusively partners TAD Group for unprecedented Rs. 4.5 Bn investment in …
RPCs call for new wage model for estate workers
New structure to focus on revenue share model to increase productivity Discussions to begin in a couple of months New model to shift away from colonial roots, out-grower model favoured by unions RPCs with revenue share model has seen salaries increase to approx Rs.50, 000 But Planters Association wary over possible cost escalations By Chathuri Dissanayake As demand … [Read more...] about RPCs call for new wage model for estate workers
