Ceylon Tea to bring US$1.3 billion in 2009, despite production fall

The Sri Lanka Tea Board says Ceylon Tea export earnings for 2009 will hit US$ 1.3 billion, despite a nearly 29 million kilo production drop during the year.

Independence Day in Kandy

Sri Lanka celebrates its 62 Independence Day today (Feb 04, 2010). The day is significant because it is the first Independence Day after the end of nearly 30 years of separatist war.

All quiet as Colombo goes to vote

Colombo’s roads were unusually quiet and devoid of vehicles during the normal rush hour in the morning, as residents made their way to polling booths – to elect Sri Lanka’s first post war President.

Northern residents can re-claim banked money – Central Bank

Sri Lanka’s financial sector regulator, the Central Bank, says money left unclaimed in banks can be re-claimed by returning Northern residents.

Ceylon tea outputs down in 2009

Sri Lanka’s tea outputs nosedived by 28 million kgs in 2009.

Wages Boards called for private sector wage increase

Sri Lanka’s  Minister of Labour  to summon Wages Boards, to increase private sector wages .

General Fonseka campaigners say popularity ratings have jumped

Campaign organisers of Sri Lanka’s Presidential Candidate, retired General Sarath Fonseka,  say Mr Fonseka’s popularity ratings have shot up, taking him closer to incumbent President Mahinda Rajapaksa.

Sri Lanka’s digital divide yawning open

Sri Lanka’s digital divide between urban, rural and plantation sectors, is as wide as ever, with computer penetration extremely slow over 5 years.

Competition forcing Sri Lanka’s insurance sector to focus on quality

The large number of insurance companies in Sri Lanka’s very small insurance market is forcing companies to focus on quality and innovation.

Foreigners allowed to open rupee accounts in Sri Lanka

Sri Lanka to relax exchange control regulations to promote  trade and investments  in 2010.