A major crisis is brewing in the tea industry over Russia’s excessive duties on Sri Lankan tea bag imports which has created huge problems for local packers. Russia is packaging its own tea and blending it with tea from other origins and selling it on the market as Ceylon tea, a senior official from the Sri Lanka Tea Board (SLTB) said adding that local brands are fighting a losing battle at the moment unless they get some refunding.
Though having performed above the overall market the Hotels and Travels (H&T) sector in Colombo's share market has the capability to far outperform the rest in the post war environment, according to sector analysts, but a major issue is that the country is not geared for increased arrivals.
M. Sivapakiam, a worker from Stockholm estate in Hatton, listens intently at a meeting of Sri Lankan fair trade organisations in Colombo on Tuesday. She is a member of a welfare group that has improved the lives of workers through a unique scheme where part of the price paid by overseas consumers goes to enrich the lives of the estate community. Pic by J. Weerasekera.
MOST VIEWED FINANCIAL TIMES ARTICLES
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
