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Sri Lanka’s Agarwood tree value may well soar above Rs. 1 million with product diversification

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Founder Chairman Pintanna Plantations, Kumar Dharmasena (2nd on the left), Directors, Ashalya Dharmasena and Kavishka Dharmasena with Deputy Post Master General Sabaragamuwa, Shobha Tilakaratne at the unveiling of Pintanna's commemorative stamp cover

By Sanath Nanayakkare

The value of an Agarwood (Wallapatta) tree in Sri Lanka will soar to more than Rs. 1 million by 2028 with properly curated product diversification, Kumar Dharmasena, Chairman of Pintanna Plantations said in Ayagama- Ratnapura on Saturday.

He said so while pledging to make Ayagama the heart of Agarwood farming in Sri Lanka along with high-tech processing of the perfumery end-product. He was speaking at an event where the Sri Lanka Philatelic Bureau of the Department of Posts issued a commemorative stamp and first day cover recognising his forest products company’s contribution to the economy and the society at large.

Dharmasena unveiled a newly constructed multi-purpose building equipped with modern technology at Pintanna Estate coinciding with the commemorative stamp launch.

“We specialize in cultivating, adding value and exporting the processed end- product extracted from this most commercially valued tree to the global market and we bring foreign exchange to the country. I believed in this dream for many years when hardly anyone wanted to believe in it. We had only a limited number of investors who bought our plants those days and they also invested in the project placing trust in me rather than in the project’s future. But today, as the company possesses tangible assets in terms of increased farming land of Agarwood, manufacturing and processing plants, R&D centre, dedicated staff and sales centres in UAE, Saudi Arabia and Oman under ‘Silani ‘ brand, more and more investors are placing their trust in our growth trajectory. I think with proper product diversification, we should be able to increase the value of an Agarwood tree to more than Rs. 1 million by 2028. I invite potential investors to study and explore what we have achieved so far and join with us in our forward journey. By investing in Agarwood, you will get a good return on your investment and it will also help create a greener future for Sri Lanka,” he said.

Presenting return on investments (ROI) to a group of investors who had bought Agarwood plants three years ago, he said,” Today they got more than 22% ROI on their investments which is more attractive than current market interest rates. Having seen our growth and capacity, some investors have decided to reinvest their returns in the project on a longer term further encouraging us.”

“Today we are engaged in the total cycle of commercialization of Agarwood. At our state-of-the-art laboratory, we study and research this phenomenal Agarwood tree to harness more uses from it. Each successful experiment has proved to us that there is more to it than meets the eye. Our R&D activities will ensure consistent growth of our product portfolio beyond making Agarwood chips and Oud oil distilling. Agarwood tea is another one of our innovative products. In the years ahead, we will be focusing on using the extract of Agarwood in 102 products in addition to its main products. We have not achieved at least 50% of our potential yet. When our ‘Unanduwa’ perfume brand goes global and when our planned local and global expansion drive is completed, that will make up 50% of our journey,” he noted.

He went on to say that Wallapatta which gives the best of fragrances of Agarwood family is uniquely endemic to Sri Lanka, and therefore, all stakeholders engaged in the industry have a duty to safeguard the uniqueness of Sri Lankan Wallapatta without transporting its seeds beyond the country’s borders.

The event also saw the unveiling of Sri Lanka’s first Agarwood Museum which Dharmasena said would serve to ignite entrepreneurial spirit among Sri Lankan youth, requesting them to work hard and think innovatively to achieve success for themselves and the country.



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Sri Lanka betting its tourism future on cold, hard numbers

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“From Data to Decisions” initiative jointly backed by Australia’s Market Development Facility holds its panel discussion

National Airport Exit Survey tells quite a story

Australia’s role here is strategic, not charitable

In a quiet but significant shift, Sri Lanka’s tourism sector is moving beyond traditional destination marketing and instinct-based planning. The recent launch of the “From Data to Decisions” initiative jointly backed by Australia’s Market Development Facility and the Sri Lanka Tourism Development Authority, sent an unambiguous message: sentiment is out, statistics are in.

The initiative is anchored by a 12-month National Airport Exit Survey, a trove of data covering 16,000 travellers. The findings sketch a new traveller profile: nearly half are young (20–35), independent, and book online. Galle, Ella, and Sigiriya are the hotspots; women travellers outnumber men; and a promising 45% plan to return. This isn’t just trivia. It’s a strategic blueprint. If Sri Lanka Tourism listens, it can tailor everything from infrastructure to marketing, moving from guesswork to precision.

Tourists have a real sense of achievement after hiking the trail to Ella Rock

The keynote speaker, Deputy Minister Prof. Ruwan Ranasinghe called data “a vital pillar of tourism transformation.” Yet the unspoken truth is that Sri Lanka has long relied on generic appeals -beaches, heritage, smiles. In today’s crowded market, that’s no longer enough. As SLTDA Chairman Buddhika Hewawasam noted, this partnership is about “elevating how we collect, analyse, and use data.”

Australia’s role here is strategic, not charitable. By funding research and advocating for a Tourism Satellite Account, it is helping Sri Lanka build a tourism sector that is both sustainable and measurable. Australian High Commissioner Matthew Duckworth linked this support to “global standards of environmental protection” – a clear nod to the growing demand for green travel. This isn’t just aid; it’s influence through insight.

“The real test lies ahead,” a tourism expert told The Island. “Data is only as good as the decisions it drives. Will these insights overcome bureaucratic inertia? Will marketing budgets actually follow the evidence toward younger, independent, female travellers?,” he asked.

“The comprehensive report promised for early 2026 must move swiftly from recommendation to action. In an era where destinations are discovered on Instagram and planned with algorithms, intuition alone is a high-stakes gamble. This forum made one thing clear: Sri Lanka is finally building its future on what visitors actually do – not just what we hope they’ll do. The numbers are in. Now, the industry must dare to follow them,” he said.

By Sanath Nanayakkare

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New ATA Chair champions Asia’s small tea farmers, unveils ambitious agenda

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New Chairman of the Asia Tea Alliance (ATA), Nimal Udugampola

In his inaugural address as the new Chairman of the Asia Tea Alliance (ATA), Nimal Udugampola placed the region’s millions of smallholders at the core of the global tea industry’s future, asserting they are the “indispensable engine” of a sector that produces over 90% of the world’s tea.

Udugampola, who is also Chairman of Sri Lanka’s Tea Smallholdings Development Authority, used his speech at the 6th ATA Summit held in Colombo on Nov. 27 to declare that the prosperity of Asian tea is “entirely contingent” on the resilience of its small-scale farmers, who have historically been overlooked by premium global markets.

“In Sri Lanka, smallholders account for over 75% of our national production. Across Asia, millions of families maintain the quality and character of our regional teas,” he stated, accepting the chairmanship for the 2025-2027 term.

To empower this vital community, Udugampola unveiled a vision focused on Sustainability, Equity, and Digital Transformation. The strategic agenda includes:

Climate Resilience: Promoting climate-smart agriculture and regenerative farming to protect smallholdings from environmental disruption.

Digital Equity: Leveraging technology like blockchain to create farm-to-cup traceability, connecting smallholders directly with premium consumers and ensuring fair value.

Market Expansion: Driving innovation in tea products and marketing to attract younger consumers and enter non-traditional markets.

Standard Harmonization: Establishing common regional quality and sustainability standards to protect the “Asian Tea” brand and push for stable, fair pricing.

Linking the alliance’s goals to national ambition, Udugampola highlighted Sri Lanka’s target of producing 400 million kilograms of tea by 2030. He presented the country’s “Pivithuru Tea Initiative” as a model for other ATA nations, designed to achieve this through smallholder empowerment, digitalization, and aligned policy objectives.

By Sanath Nanayakkare

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Brandix recognised as Green Brand of Year at SLIM Awards 2025

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Brandix has championed best practices in the sphere of sustainable manufacturing over the years

Brandix Apparel Solutions was recognised as the Green Brand of the Year at the Sri Lanka Institute of Marketing (SLIM) Brand Excellence Awards 2025, taking home Silver, the highest award presented in the category this year.

The ‘Green Brand of the Year’ recognises the brand that drives measurable environmental impact through sustainable practices, climate-aligned goals and long-term commitment to protecting natural resources.

A pioneer in responsible apparel manufacturing for over two decades, Brandix has championed best practices in the sphere of sustainable manufacturing covering environmental, social, and governance aspects. The company built the world’s first Net Zero Carbon-certified apparel manufacturing facility (across Scope 1 and Scope 2) and meets over 60% of its energy requirement in Sri Lanka via renewable sources.

Head of ESG at Brandix, Nirmal Perera, said: “Being recognised as Green Brand of the Year is an encouraging milestone for our teams working across sustainability.”

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