Economics

Plantation Workers Set to Get Revised Daily Wage of Rs. 1,350 from October 10

Plantation sector workers in Sri Lanka are set to receive a revised daily minimum wage of Rs. 1,350, effective October 10. This increase comes with an additional allowance of Rs. 50 for each extra kilo harvested, following successful negotiations between Regional Plantation Companies (RPCs), trade unions, and the Wages Board. According to industry sources, the

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Economics

Rising Natural Rubber Prices Push Global Shift to Synthetic Alternatives

The recent surge in natural rubber prices has led the global rubber industry to anticipate a consumer shift from natural rubber products to synthetic alternatives, according to insights from The Daily Morning Business. Pushpika Janadheera, Chairperson of the Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) and Managing Director of Dipped Products

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Industry Analysis

Sri Lanka to Expand Rubber Plantations by 100,000 Acres in Three Districts

The Ministry of Agriculture and Plantation Industries has unveiled a master plan to expand rubber cultivation in Sri Lanka, aiming to increase the country’s annual natural rubber production by 60 percent in the coming years. Minister of Agriculture and Plantation Industry, Mr. Mahinda Amaraweera, announced plans to initiate rubber cultivation across 100,000 acres in the

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