Industry Analysis Manufacturing

Legal Dispute Stalls Sri Lanka’s Oil and Gas Exploration Efforts

  • April 30, 2024

Legal challenges have once again stalled Sri Lanka’s efforts to attract international investment in the exploration and commercialization of two blocks totaling over 5,000 square kilometers in the Mannar Basin. The Court of Appeal, in CA (Writ) Application No: 392/2023, acknowledged a prima facie case by Serendive Energy, the petitioner, leading to orders restraining the

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Industry Analysis Manufacturing

Sri Lanka’s Ceylon Tea Exports See Positive Growth in February 2024

  • March 21, 2024

Sri Lanka’s tea industry witnessed a positive development in February 2024, with exports reaching 22.31 million kilograms (M/Kgs). This represents a significant increase of 3.76 M/Kgs compared to February 2023’s 18.55 M/Kgs. The growth is particularly encouraging as most tea categories, except for Tea Packets and Green Tea, showed improvement year-on-year. This indicates a strong

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