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Tea production is one of the main sources of foreign exchange for Sri Lanka, and accounts for 2% of GDP, contributing over US$1.3 billion in 2021 to the economy of Sri Lanka. [1] It employs, directly or indirectly, over 1 million people, and in 1995 directly employed 215,338 on tea plantations and estates.
In 2021, the company was conferred the gold award for Best Investor Relations team at the CFA Capital Market Awards. [16] Sunshine Holdings' tea brands, Watawala and Zesta ranked 44th and 78th respectively in Brand Finance's 2022 the 100 most valuable brands in Sri Lanka report. [17]
A box of 100% Pure Ceylon Tea sold in Japan. In order for the Lion Logo to appear on a tea pack, it must meet four criteria. The logo should only appear on a consumer pack, the pack should contain 100 percent pure Ceylon tea, it should be packed in Sri Lanka, and the brand should conform to the quality standards set out by the Sri Lanka Tea Board. [4]
The government has ordered worker salaries be increased to 1,700 rupees ($5.66) per day from 1,000 rupees, which the industry says will increase tea production costs by 45%. Sri Lanka's tea ...
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [41] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [42]
Dilmah Ceylon Tea Company PLC, trading as Dilmah, is a Sri Lankan beverage company that is headquartered in Peliyagoda, Western Province, Sri Lanka. While MJF Teas is the parent company of Dilmah, MJF Holdings is the ultimate parent. The company is best known for its brand of Ceylon tea, sold internationally.
Melstacorp PLC is a Sri Lankan diversified conglomerate. It is listed in the Colombo Stock Exchange. [2] Melstacorp PLC is one of the 10 largest listed companies. It has a market capitalization of approximately USD 450 million. Deshamanya Harry Jayawardena is the Chairman of the company. [3]
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
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