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Tea production shows 20% increase

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This year’s tea production has shown a 20 per cent increase compared to the corresponding period last year, according to Sri Lanka Tea Board (SLTB).

Accordingly, from January to October 2023 period, tea production totalled 216,259,369 Kg noting an increase compared to the 2022 that recorded 211,765,998.

Sri Lanka’s tea production for the month of October 2023 also recorded 22,852,239 Kg illustrating a 2 per cent increase compared to October 2022 where 18,991,659 Kg production was reported.

However, in contrast to production of instant tea from last year, October 2023 witnessed a dip in output recording 2,777,759 Kg as last October saw 3,123,838 Kg.

(sundaytimes.lk)

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Imported milk powder prices upped

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The price of a 400g pack of imported milk powder has been raised by Rs.100, according to the Milk Powder Importers’ Association.

Previously priced at Rs.1,100, the new cost for a 400g pack is now Rs.1,200.

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No cases filed against 22 banned pyramid schemes – CBSL

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Although the Central Bank of Sri Lanka (CBSL) has banned 22 institutions operating illegal pyramid schemes, no legal action has been taken against any of them so far, according to reports.

This was disclosed during a workshop held at the CBSL yesterday (July 08) on the dangers of pyramid schemes.

According to CBSL officials, after initial investigations, the files were handed over to the Criminal Investigation Department (CID) for further inquiry.

The CID’s Financial Crimes Unit has reportedly completed its investigations and submitted findings to the Attorney General’s Department, which is responsible for filing cases.

However, it was noted that not a single case has been filed to date.

The CBSL states that investigations will be continued against companies engaged in these illegal practices and hopes at least one or two such cases would be filed by the end of this year or early next year (2026).

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Bowser owners warn of fuel distribution crisis

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The Ceylon Petroleum Private Bowser Owners’ Association has alleged that fuel distribution operations have been arbitrarily handed over to another party, which could disrupt fuel transportation across the country.

The association’s Treasurer – Jagath Parakrama warned that the move could jeopardize distribution if not reversed immediately, claiming there is an attempt to create a monopoly over fuel transport.

Parakrama noted that bowser owners, numbering around 400–500 in the association, have long handled the transport of fuel from bulk storage depots island-wide.

He alleged that authorities are now trying to award the fuel transportation route from Colombo and Muthurajawela to Kurunegala to a single businessman via a tender process.

He added, “If we don’t transport the fuel, no one else will be able to do so. However, in the last two or three years, this business was about to be handed over to a few large-scale business people. We, as an association, intervened and managed to stop it for a long time. But now, they are trying to hand over this transportation service to their close associates.”

He stressed that fuel transportation should remain a public service, warning that allowing a monopoly could lead to issues similar to those faced by other transport services.

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