Tea exports increase in April
Sri Lanka monthly tea exports in April recorded 16.38 M/Kgs showing an increase of 0.21 M/Kgs against the same period of 2023.
Tea in bulk together with instant and green tea have shown improvement, whilst tea packets and tea bags have recorded a decline in comparison with the corresponding month of the previous year. Approximate F.O.B value in USD terms records an increase of USD 0.08, whilst in Sri Lankan terms records a decline of Rs.111.17 against 2023.
Cumulative exports recorded 78.70 M/Kgs which is an increase of 8.45 M/Kgs said Forbes & Walker Research.
Cumulative F.O.B Value reaches Rs. 1,772.36 (USD 5.76), showing a Rs. 223.93 which is a decrease against the corresponding year-to-date period of 2023. Importantly, in USD terms values have more or less been maintained.
Iraq maintains top position amongst leading importer countries of Ceylon Tea for thecumulative period of 2024 with Iran recording significant gains. U.A.E. (8.49 M/Kgs) followed by Russia (8.27 M/Kgs) continue to maintain their positions at 2ndand 3rd place respectively, surpassing Türkiye that has seen a 39% decline against the corresponding period of the previous year.
Iran has gained 198% YoY and moved up to 5th position from the 15th position held in 2023.
Other notable importer countries are China, Saudi Arabia followed by Azerbaijan, Germany and Chile.
HNB appoints Sanjay Wijemanne as its new Chief Operating Officer
Sri Lanka’s largest private sector retail bank, Hatton National Bank PLC appointed Sanjay Wijemanne as the bank’s new Chief Operating Officer (COO) with effect from 26th April 2024, subject to relevant regulatory clearances.
A banking industry veteran with more than 29 years of experience, including more than 14 years of corporate management exposure, Wijemanne previously served as HNB’s Deputy General Manager - Retail Banking Group, and brings with him a wealth of technical industry expertise, and deep insight into modern banking.
"Sanjay's appointment as COO underscores our commitment to business excellence and our dedication to adapting proactively to the evolving needs of our customers and the wider economic landscape. His proven expertise and forward-thinking approach are crucial for driving our strategic initiatives, and delivering exceptional value and service in an increasingly competitive and dynamic environment,” HNB Acting CEO, Damith Pallewatte said.
Lenovo Strengthens on ground presence with the Launch of its 3rd Lenovo Exclusive Store in Sri Lanka
Lenovo, the global technology powerhouse, today announced the opening of the 3rd Lenovo Exclusive Store in Jaffna, Sri Lanka, marking a significant milestone in the company's presence in the region. This announcement also underscores Lenovo’s larger commitment to further Sri Lanka's digital transformation story unleashing the power of AI to drive intelligent transformation with purpose-built AI-ready devices, infrastructure, solutions, and services that empower industries, enterprises, and individuals.
Naveen Kejriwal, General Manager- Overseas Business, Consumer, Commercial & Tablets of Lenovo comments, “Our vision is to deliver smarter technology through cutting-edge products and solutions for our customers and partners.