PA urges all stakeholders to work towards a fair deal for Ceylon Tea
The Planters’ Association of Ceylon (PA) marked International Tea Day, with a call to all policymakers and stakeholders to take a holistic and practical approach ensuring a sustainable way forward for the industry, while ensuring that producers of Pure Ceylon Tea are given a fair deal.
In alignment with the theme of this year’s International Tea Day celebration: “Tea and Fair Trade”, the PA called on the entire trade – including all Regional Plantation Companies (RPCs), as well as the State-owned and smallholder sectors and factory owners, traders, exporters– to focus on enhancements across the supply chain, in order to carve out a sustainable way forward for the sector.
Like all others in the commercial agricultural sector locally and globally, Sri Lanka’s tea sector faces immense challenges on all fronts in 2021. Moving forward it is clear that every single aspect of the industry will have to be re-evaluated, and where necessary and practical, new thinking and strategies will have to be implemented in a scientific manner.
This covers everything from crop and soil management to climate change, related socio-economic models, to processing, quality control, value addition, and export diversification, as well as the role that emerging technology will play in enhancing competitiveness.
Sri Lankan RPCs have continuously set global benchmarks in each of these areas and continue to explore avenues for improvement.
Share investors worried over Wealth and Heritage tax
By Hiran H Senewiratne
CSE trading kicked off on a positive note yesterday but the momentum could not be sustained for long owing to investor worries that the government is planning domestic debt restructuring involving the imposition of a wealth and heritage tax on citizens, market sources said.
Amid those developments both indices moved downwards. The All -Share Price Index went down by 131 points and S and P SL-20 declined by 46.8 points. Turnover stood at Rs 3.4 billion with four crossings. Those crossings were reported in Agalawattte Plantations, which crossed 45.3 million shares to the tune of Rs 1.5 billion, its shares traded at Rs 35, CTC 420,000 shares crossed for Rs 269 million and its shares traded at Rs 640, Cargills 100,000 shares crossed to the tune of Rs 24.5 million; its shares traded at Rs 245 and Hayleys 300,000 shares crossed for Rs 24 million; its shares traded at Rs 80.
In the retail market top seven companies that mainly contributed to the turnover were, SLT Rs 234 million (two million shares traded), Hayleys RS 121 million (1.5 million shares traded), Lanka IOC Rs 106 million (115,000 shares traded), Softlogic Capital Rs 69 million (5.6 million shares traded), CTC Rs 65.3 million (101,000 shares traded), Sampath Bank RS 54.7 million (one million shares traded) and Commercial Bank RS 52.5 million (801,000 shares traded).During the day 164 million share volumes changed hands in 20000 transactions.
Brandix ‘RightToRead’ initiative gains momentum enriching Sri Lanka students and transforming learning
Inspired by the challenge to provide Sri Lankan children with better access to learning materials and the transformative power to read and comprehend English, Brandix launched the ‘RightToRead’ project in 2018 in collaboration with the Ministry of Education.
Accordingly, Brandix introduced the ‘ReadToMe’ English learning tool, created by English Helper – India, to improve reading and comprehension skills of Sri Lankan students. Last Monday, Julie Chung, the US Ambassador to Sri Lanka, visited Susamayawardhana Vidyalaya in Borella, to observe progress of the project and experience how children and educators in Sri Lanka engage with educational technology.
Brandix Lanka Limited, Director, Ajit Johnpillai, said: “Education is the most powerful tool to enrich communities and futures, and Brandix is committed to build a strong foundation for transformational learning for students across Sri Lanka. The progress we have made with RiteToRead over the past two years is promising, and the potential for change in the education sector harnessing such digital technologies is immeasurable. Brandix will continue its commitment to deliver Inspired Solutions for the people of Sri Lanka.”
Dialog TV Boosts Resilience and Capacity with Norsat Satellite Earth Station
Hytera, a leading global provider of professional communications technologies and solutions, is proud to announce the successful deployment of a new backup satellite station for Dialog TV, Sri Lanka’s No.1 satellite Pay TV service provider. The project was fulfilled in 2022 by Hytera and its subsidiary specialized in Satellite Communications (SatCom), Norsat International Inc. The new station enhances the resilience and capacity of Dialog TV’s existing system and ensures continuity of service in the event of damage due to natural disasters.
Dialog TV provides coverage over the entirety of Sri Lanka through the Intelsat 38 Ku-band satellite. As the business expanded, it opted for a backup solution to support its existing satellite station and to strengthen the network’s disaster tolerance.
Hytera and Norsat provided an end-to-end satellite earth station solution that includes the installation, integration, and setup of satellite antennas, a transmission and receiving system, a new network management system (NMS), and a carrier monitoring system (CMS). The NMS makes routine work easier and simpler for on-duty staff, as equipment status, parameter monitoring and configuration, and remote control of the devices can be viewed and accomplished via a single interface. The CMS monitors the carrier spectrum status of satellite signals in real-time and ensures stable signal transmission and receiving.
“We are excited to have been able to work with Dialog TV on this important project,” said Kevin Sun, Sales Director for Hytera South Asia, “Our ability to seamlessly integrate our new equipment and software with Dialog TV’s existing systems has helped to ensure a stable and reliable service for their millions of customers across Sri Lanka.”
Parents can be tried for son’s school shooting: Appeals court
N Korea tests new underwater nuclear attack ‘drone’: State media
Showers in Sabaragamuwa, Central, Uva, Southern, North-Western and North-Central provinces in afternoon or night
‘Dates have the highest sugar content to fight Coronavirus’
Sunday Island 27 December – Headlines
U.S. Congress to probe assets fleecing by US citizens of Sri Lankan origin
News5 days ago
Sri Lankan recognized as a Fellow by Society of Architectural Historians
News5 days ago
New orchid species discovered in Walankada Forest Reserve
News4 days ago
Geoffrey Bawa exhibition opens in New Delhi
Editorial6 days ago
‘Shree Anna’ and Sri Lanka
Breaking News6 days ago
Arrest warrant issued for Putin over alleged war crimes
Features4 days ago
A tribute to a great leader
News4 days ago
MPs urged to defeat move to conduct Law College exams only in English medium
Features4 days ago
Singarasa Case should guide GoSL’s Geneva policy