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Ceylon Tea Brokers say it’s growing stronger, “much like tea in hot water”

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Chrisantha Perera warns of dangers in hasty implementation of chemical fertilizer ban

Ceylon Tea Brokers PLC. (CTBP), a company accounting for 14.77% of tea marketed by the country in volume terms and 15.28 percent in value terms has titled its annual report for 2020/2021 “Defying challenges, achieving growth.”

It says: “Our hard work has borne fruit, as we record a year of growth, inching up the numbers amid challenges, and much like tea in hot water, we will continue to grow stronger with time.”

In his chairman’s review for the year, Mr. Chrisantha Perera who has over 50 year experience in the tea industry, retiring as Chairman/CEO of Forbes and Walker after 44 years with that company, has said CTBP had done ‘exceptionally well’ in the year under review compared to the previous year amid the many challenges the country as a whole had to face.

He noted that the company achieving a much higher bottom line than in the previous year and growing its market share were special highlights for the period under review. Its after-tax profit was up to Rs. 107.53 million from Rs. 21.54 million a year earlier and it paid shareholders a dividend of 35 cents a share against eight cents the previous year.

Perera reported that tea production continued to be disappointing with a 21.6 million kilo (7.2%) decline from the previous year to 278.48 million kilos – the worst since 1997 – with low grown teas accounting for the largest deficit of 20 million kilos.

“Last year’s output was the lowest since 276.86 million kilos (produced) in in 1997,” he said. “The absence of fertilizer application for the greater part of 2019, the extremely hot weather during the first quarter of 2020 and more importantly, the disruption caused by the Covid 19 pandemic brought about the significantly low production in 2020,” he said.

Perera noted that over the last seven years, Sri Lanka’s tea production has been steadily declining and with total production almost 60 million kilos behind 2014. The low grown segment was the biggest loser with a 40 million kilo loss in this period.

The smallholder dominated low grown teas – accounting for nearly 75% of the green leaf harvest – is the most productive elevationally, strongly outpacing both high and mid-grown teas. With the country’s share of the global tea market now below five percent, Perera warned that this declining trend, if not arrested, will seriously affect the sustainability of producers, particularly smallholders.

“Adding to this, the continuously declining availability of ‘Ceylon Tea’ will negatively impact the marketing front, particularly in Middle Eastern countries and Russia, who between them account for over 60% of Sri Lanka’s exports, being compelled to look for alternate suppliers,” he said.

“However, at the time of compiling this report, a welcome recovery is evident with crop figures released for January to May 2021 recording a 134.7 million kilo gain, up 31.6 million kilos (30.66%) over the corresponding period last year. This includes a 34% improvement for the low grown segment, with the high and medium growns increasing 25% in each category.”

But Perera went on to say: “Be that as it may, the government’s recent proposal to switch from the use of chemical fertilizer to organic for all agriculture including tea with immediate effect will hamper plans to increase production.”

He warned that the proposed initiative could result in a short to medium term drop in quality of green leaf harvested and consequently the quality of manufactured tea.

Describing the proposed initiative as “laudable,” in the context of increasing global awareness towards a sustainable economy based on a triple bottom line of “People, Planet and Profits,’ a well thought out implementation plan over a 5-10 year period against an overnight change would have been prudent, he said.

Saying such a step can result in irreparable damage to the tea industry, and consequently the economy, Perera strongly recommended a scientific approach devised by experts in the subject and all associated stakeholder organizations in the plantation industry tasked to formulate the correct strategy.

He also said there appeared to be a mistaken notion relating to the increased Maximum Residue Levels (MRLs) occurring through use of chemical fertilizer. Their understanding was that increased MRLs in the final product occur predominantly from incorrect use of pesticides and weedicides.

The top shareholder of CTBP is Ashthi Holdings (Private) Ltd., a company related to Mr. WAT Fernando (30.4%) followed by Mr. WAT Fernando (26.8%), Jetwing Travels (Pvt) Ltd. (18.7%). Ms. NTMS Cooray (6%) Chrisantha Perera and his wife (1.9%) and related companies are among the largest shareholders.

The directors of the company are: Messrs. CPR Perera (chairman), RJN De Mel (deputy chairman), WAT Fernando (MD), DGW De Silva (Director/CEO), KHS Devapriya (former Director/COO), KAD Fernando (Director/COO), Ms. NTMS Cooray, Ms. HMS Perera, BRL Fernando, DH Madawala, HTD Nonis and Z. Mohamed.



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Ceylon Chamber urges govt to convert fiscal gains into productive investment

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The Ceylon Chamber of Commerce has acknowledged the government’s recent fiscal gains but is urging a strategic shift of these surpluses into productive public investment to secure long-term growth.

In its review of the National Budget 2026, the Chamber endorsed the government’s “clear trajectory” of fiscal consolidation and disciplined debt management, noting this consistency is crucial for Sri Lanka’s ongoing economic recovery.

However, with the initial post-crisis consumption boom now moderating, the Chamber stressed that the government must pivot from consolidation to investment. It identified targeted capital expenditure in infrastructure, energy, tourism, and digital services as the potential new engines needed to drive the economy forward.

Significantly, the Chamber revealed that 18 of its policy proposals were incorporated into the budget, which include:

Trade: Developing a Trade National Single Window and a new Tariff Policy to phase out para-tariffs.

Investment: Implementing a Public-Private Partnership (PPP) framework, a digital single window for approvals, and a new residence visa scheme for investors.

Digital Economy: Plans to issue the first Digital ID in 2026, roll out 5G licensing, and eliminate service fees for online government payments.

Land & Tourism: Advancing a National Land Use Plan and resuming the Bandaranaike International Airport (BIA) expansion project.

Despite these welcomed inclusions, the Chamber highlighted three critical areas requiring greater focus:

Bridging the Implementation Gap: The Chamber warned that execution with clear timelines is the ultimate test, emphasizing that promises on the Trade Single Window and PPP laws must be delivered on time.

Strengthening Tax Administration: Improving compliance and widening the tax net through better enforcement was deemed more critical than further rate increases.

Improving Public Sector Efficiency: The Chamber argued that the reform agenda is at risk without “substantial improvements” in institutional capacity and inter-agency coordination.

The Chamber also noted a missed opportunity, stating the budget lacked a “targeted investment incentive package” essential for attracting the large-scale, export-oriented investments needed to achieve the government’s 7% growth target.

Furthermore, the Chamber called for clarity on the proposed Economic Transformation Act and urged the government to fast-track legislation for State-Owned Enterprise (SOE) and PPP reforms.

Concluding its comments on the Budget, the Chamber reaffirmed its commitment to collaborate with the government, underscoring that “sustained delivery” on these reforms is the only way to convert current economic stability into durable, broad-based growth.

By Sanath Nanayakkare ✍️

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DIMO Healthcare partners with RAB to strengthen Radiology Education in Sri Lanka

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The programme attracted over 80 local medical professionals

In a landmark initiative aimed at empowering Sri Lanka’s healthcare professionals with advanced radiology knowledge, DIMO Healthcare, the healthcare arm of DIMO, recently collaborated with the non-governmental organization Radiology Across Borders (RAB) to host a series of educational sessions on RAB VITAL Ultrasound Scanning. This marks the first time such specialized RAB-led training sessions have been conducted in Sri Lanka.

The programme, which attracted over 80 local medical professionals, took place across four leading medical institutions — the Army Hospital, Hemas Hospital (Wattala), Durdans Hospital, and Lanka Hospitals. The sessions covered a range of vital topics including gynecological and obstetric basic scanning techniques, FAST scans in ICU or point-of-care environments, and deep vein thrombosis scanning.

Speaking on the initiative, Priyantha Dissanayake, Chief Operating Officer of DIMO Healthcare, said:”As a pioneer in the local radiology sphere and the approved partner of Siemens Healthineers, we believe it is our responsibility to bridge the knowledge gap between global medical advancements and local practice. By facilitating such training programmes, we aim to uplift healthcare standards across Sri Lanka and empower our medical professionals with the tools and expertise needed to ensure earlier disease detection and better patient care.”

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Levi & Dili: Styling Sri Lanka’s new generation of fearless women

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Ganga Wijayawardane

In a fashion landscape often crowded with ‘me too’ products, a new Sri Lankan label is making a statement that is as much about identity as it is about aesthetics. Levi & Dili, the creation of Founder and CEO Ganga Wijayawardane, is emerging as a powerful platform for the modern woman, championing a philosophy where style meets substance.

With a formidable background in International Marketing, Wijayawardane is now channeling her corporate expertise into her lifelong passion for design. The result is a fashion line with an international-contemporary feel, characterised by clean silhouettes, unusual fabric combinations, and curated, hand-picked accessories. But what truly sets Levi & Dili apart is its soul.

“The Levi & Dili woman stands for all women who long to be more, do more, to move beyond traditional roles,” Wijayawardane states. The brand’s designs are intentionally bold and eye-catching, crafted to reflect the multifaceted personality of its wearer. She is envisioned as an entrepreneur, a boss lady, a creative force, a resilient mother – a real woman who is “fearless, focused, and free.” This triad is not just a tagline but the brand’s core design brief, reflected in visuals that showcase capability and agency.

This ambition is matched by a steadfast commitment to quality. The label adheres to rigorous standards through small, controlled production batches, vetting suppliers, and conducting thorough fabric and wear tests. This promise of “affordable luxury” is a key pillar, offering fewer, better pieces with durable materials and considered details that flatter multiple body types. “We spend where it matters – fit, finishing and materials – and edit out anything that adds cost without value,” she explains.

Customer experience remains deeply personal, a non-negotiable for the brand. Online, real stylists are available for consultations, ensuring a high-touch service that continues post-purchase. While currently operating through e-commerce and pop-ups across Colombo, strategic plans are underway for a dedicated design studio, a stepping stone to a future flagship store.

Looking ahead, Wijayawardane’s vision is expansive. Within five years, she sees Levi & Dili as a leading Fashion House, setting the tone for Sri Lankan fashion and moving internationally. The goal is to be a Maison renowned not just for its designs and quality finishes, but for its key message: empowering a new generation of financially independent women who live fully and contribute significantly to the economy.

Levi & Dili is more than clothing; it is a wearable testament to the ambitious, modern Sri Lankan woman.

For new customers: Shop online and at announced pop-ups. For styling help, contact the team at support@leviandili.com or 077 555 2941.

By Sanath Nanayakkare ✍️

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