Notable
“Tea shows how insufficient reinvestment erodes a competitive position,” the report said.
Tea is Sri Lanka's top export agriculture commodity brining US$1.5bn annual revenue
Export earnings were 1.506 billion US dollars, slightly up from 1.434 million dollars last year.
The Tea Auction previously set for the 1st week of December has been rescheduled to the last week of December.
Sri Lanka's premium tea brand is facing a risk due to lower quality production
National weekly sale average decreased by 18.99 rupees to 1,177.74 rupees a kilogram, from 1,196.73 rupees
Nine month exports were also down
"Exporters would still sell their products to countries with less stringent regulations,
Exports were up 1.7 percent in the 10 months to 203 million kilograms.
The new formula was mutually agreed with plantations companies
To maintain shops selling tea in the Katunayake, Bandaranaike International Airport departure lounge
“…They are to utilize this land as collateral not just for housing but for their children’s education
Giving land expected to require around 4,777 hectares
Less than qualified men are in management positions, because they know how to order people around
May hurt the ability to service bank loans
| Latest | Last | |
|---|---|---|
| US Dollar | 332.3603 | 330.8514 |
| UK Pound | 440.9424 | 438.3450 |
| Euro | 368.4879 | 371.0168 |
| Yen | 2.0805 | 2.0916 |
| Aus Dollar | 227.4342 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.5474 | 3.4202 |
| Korean Won | 0.2492 | 0.2479 |
| Oman Rial | 863.2287 | 859.3320 |
| Saudi Riyal | 88.5586 | 88.0955 |
| UAE Dirham | 90.4874 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 6,365.57 | +0.26% |
| CSE All Share | 22,157.40 | +0.56% |
| Turnover Rs | 2975.05 million | 1193.67 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
Ministers denies anyone was taken hostage
Highest priced teas fall
The exit offer price is 240 rupees per share
Voluntary retirement scheme to be offered to 267 employees at a cost of 844 million rupees during the amalgamation
Medium growns fell from 4.51 to 3.55 and low growns fell to 13.32 from 14.92 million kilograms
“What they do is for private estates, they will get a retired person from the army or the Police,”
RPCs are already brought under Finance Ministry by President Wickremesinghe
However prices were down from March highs
"RPCs benefitted from weakening of the rupee that gave them an over 80% increase in rupee revenue in 2023 vs 2021"
Plantation workers will have to be paid 1350 rupees a day, there will be a ‘daily special allowance’ of 350 rupees
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