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Tea Exporters Association charts course for resilience, revitalisation

Daily FT

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September 19, 2025

THE Tea Exporters Association (TEA) hosted its 26th Annual General Meeting (AGM) at Taj Samudra, bringing together nearly 500 stakeholders, diplomats, and industry leaders to reflect on the progress of Sri Lanka's tea industry and chart a bold path forward under the theme "Resilience and Revitalisation.

Delivering his address, TEA Chairman Huzefa Akbarally reaffirmed the association's commitment to strengthening the global position of Ceylon Tea.

"In 2025, we project tea exports of 270 million kilograms and revenues exceeding $ 1.5 billion, an increase of nearly 10% from last year. This growth is a testament to the resilience of our smallholder farmers, who produce 70% of Sri Lanka's tea. Yet, smallholder yields have declined, and urgent investment is required in replantation and block-in-filling to secure their future. With the right support, Ceylon Tea can achieve the Government's target of 400 million kilograms and $ 2.5 billion in export revenue by 2030."

Chief Guest Plantation and Community Infrastructure Minister K. V. Samantha Viddyarathna stressed the importance of collective action: "Ceylon Tea is not only a proud brand but also a lifeline for our economy. By 2030, our ambition is to reach record levels of production and exports. This requires strengthening the foundation of the industry by empowering smallholders, adopting new technologies, and building resilience. We count on the Tea Exporters Association to help us deliver on this vision for the nation."

Daily FT'den DAHA FAZLA HİKAYE

Daily FT

Daily FT

IMF, officials discuss power tariff reforms ahead of November deadline

THE Parliament Secretariat yesterday said that an International Monetary Fund (IMF) technical team and MPs recently met to review the Ceylon Electricity Board’s (CEB) electricity tariff methodology and reforms ahead of a November 2025 deadline under the ongoing IMF Extended Fund Facility (EFF) program.

time to read

2 mins

September 19, 2025

Daily FT

Paytm Founder calls on Sri Lanka to harness digital economy potential at Disrupt Asia 2025

INDIA'S fintech giant, Paytm Founder and CEO Vijay Shekhar Sharma yesterday urged Sri Lanka to seize its moment to transform into a global digital economy hub.

time to read

2 mins

September 19, 2025

Daily FT

President initiates Rs. 3.7 b oil storage expansion in Kolonnawa

PRESIDENT Anura Kumara Disanayake on Wednesday inaugurated the construction of six new oil storage tanks at the Kolonnawa Petroleum Storage Complex.

time to read

3 mins

September 19, 2025

Daily FT

Daily FT

Lake House Technologies powers Sri Lanka's first biodegradable banking card with BOC

LAKE House Technologies has announced its collaboration with global technology leader Thales to launch the nations fist-ever eco-friendly, biodegradable banking card for Bank of Ceylon (BOC), powered by Mastercard International.

time to read

1 min

September 19, 2025

Daily FT

Ex-Unilever Sri Lanka's Rumal Fernando joins Hayleys Board

HAYLEYS PLC yesterday announced the Board appointment of Susangatha Rumal Fernando as an Independent Non-Executive Director.

time to read

1 min

September 19, 2025

Daily FT

Bhutan's Mindfulness City: Big idea from small nation

BHUTAN, known for prioritising Gross National Happiness over GDP, has begun its journey building the Gelephu Mindfulness City (GMC), envisioned as a Special Administrative Region (SAR), an ambitious project blending spirituality, sustainability, and economic innovation.

time to read

4 mins

September 19, 2025

Daily FT

Daily FT

Promoting reconciliation and accountability in Sri Lanka

IN June 2010, the Secretary-General appointed the Panel of Experts on Accountability in Sri Lanka to advise him on accountability issues in Sri Lanka and offered it as a resource to the Government, and particularly to the Lessons Learnt and Reconciliation Commission.

time to read

5 mins

September 19, 2025

Daily FT

ACME Printing announces Rs. 1.4 b Rights Issue

ACME Printing & Packaging PLC yesterday announced a one-for-six Rights Issue to raise Rs. 1.4 billion via 570 million ordinary voting shares at Rs. 2.50 each.

time to read

1 min

September 19, 2025

Daily FT

Sri Lanka now in growth phase, says AFC

SRI Lanka is poised for a period of sustained economic growth after years of crisis, according to Asia Frontier Capital (AFC) Fund Manager Ruchir Desai, who argues that political stability, reforms and attractive valuations make the country a compelling opportunity for investors.

time to read

3 mins

September 19, 2025

Daily FT

Janashakthi Finance triumphs at SLIM Digis 2.5 Awards 2025

JANASHAKTHI Finance PLC has announced its recognition at the SLIM Digis 2.5 Awards 2025.

time to read

2 mins

September 19, 2025

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