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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyToday at 6:54 am by ruwan326

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyMon Nov 11, 2019 12:38 pm by nihal123

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyMon Nov 11, 2019 10:51 am by ruwan326

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptySun Nov 10, 2019 7:37 pm by ruwan326

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptySat Nov 09, 2019 3:14 pm by Afourer

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptySat Nov 09, 2019 7:50 am by කිත්සිරි ද සිල්වා

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptySat Nov 09, 2019 3:05 am by Rana

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyFri Nov 08, 2019 8:36 pm by hammurabi

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyFri Nov 08, 2019 11:03 am by nihal123

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyWed Nov 06, 2019 10:13 pm by seek

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyWed Nov 06, 2019 10:24 am by ruwan326

» මෑතකාලීන ආර්ථික ප්‍රවණතා: 2019 සුවිශේෂ සිදුවීම් සහ 2020 අපේක්ෂාවන්
Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyTue Nov 05, 2019 1:22 pm by nihal123

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptySun Nov 03, 2019 9:13 pm by spw19721

» IMF approves disbursement of USD 164 million for Sri Lanka
Sri Lanka mulls reforms to punish 'errant' plantation companies EmptySun Nov 03, 2019 6:50 pm by Backstage

» Recent tax developments on residential condominium properties
Sri Lanka mulls reforms to punish 'errant' plantation companies EmptySun Nov 03, 2019 5:56 pm by Backstage

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptySun Nov 03, 2019 4:44 am by serene

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptySat Nov 02, 2019 10:00 pm by hammurabi

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyFri Nov 01, 2019 8:35 pm by Admin

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptySun Oct 27, 2019 9:08 pm by PANTOMATH

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptySun Oct 27, 2019 6:48 pm by serene

» මේ විදියට තව අවුරුදු 5ක් ගියොත් දකුණු ආසියාවේ දුප්පත්ම රට බවට ශ්‍රී ලංකාව පත්වේවි – මහාචාර්ය එච්.ඩී. කරුණාරත්න
Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyFri Oct 25, 2019 9:31 pm by ruwan326

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyFri Oct 25, 2019 8:26 am by yellow knife

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyThu Oct 24, 2019 5:57 pm by dhanurrox

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyThu Oct 24, 2019 10:13 am by lanka

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyWed Oct 23, 2019 11:09 am by nihal123

» East West properties
Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyWed Oct 23, 2019 7:00 am by slstock

» Food and Beverages
Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyMon Oct 21, 2019 7:54 am by කිත්සිරි ද සිල්වා

» Devolution of power, civil wars, altruism, nepotism in animal world
Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyFri Oct 18, 2019 10:15 pm by Backstage

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyMon Oct 14, 2019 12:47 pm by seek

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptySat Oct 12, 2019 4:29 am by ruwan326

» Confidence to boom after election – CBSL Governor
Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyFri Oct 11, 2019 4:09 pm by Backstage

» Sri Lanka among top 20 rising stars of world trade
Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyFri Oct 11, 2019 4:08 pm by Backstage

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyThu Oct 10, 2019 9:24 am by ruwan326

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyFri Oct 04, 2019 11:55 am by nuwanmja

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyWed Oct 02, 2019 6:46 am by nihal123

» ආර්ථික වර්ධනය 2.7% ට බසී
Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyTue Oct 01, 2019 1:29 pm by nihal123

» Ranil agrees to give Sajith candidacy - AdaDetana
Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyThu Sep 26, 2019 5:05 pm by mymoney

» Cracks in the Real Estate Sector
Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyThu Sep 26, 2019 2:44 pm by chutiputha

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyFri Sep 20, 2019 8:38 am by Topcat

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyFri Sep 20, 2019 7:53 am by serene

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyThu Sep 19, 2019 4:33 pm by nuwanmja

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyThu Sep 19, 2019 12:49 pm by Ethical Trader

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyWed Sep 18, 2019 9:01 am by CK

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyMon Sep 09, 2019 7:47 pm by nihal123

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyMon Sep 09, 2019 10:54 am by nuwanmja

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptySat Sep 07, 2019 10:24 am by කිත්සිරි ද සිල්වා

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyFri Sep 06, 2019 5:38 pm by Rana

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyFri Sep 06, 2019 9:50 am by The Invisible

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyFri Sep 06, 2019 9:47 am by The Invisible

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Sri Lanka mulls reforms to punish 'errant' plantation companies EmptyFri Sep 06, 2019 6:00 am by sanjulanka

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Sri Lanka mulls reforms to punish 'errant' plantation companies

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Sri Lanka mulls reforms to punish 'errant' plantation companies Empty Sri Lanka mulls reforms to punish 'errant' plantation companies

Post by The Invisible on Sat Aug 10, 2019 6:33 pm

ECONOMYNEXT- Errant Regional Plantation Companies (RPCs) in Sri Lanka need to be punished under new reforms to be brought in the future, Plantations Minister Navin Dissanayake said, while estates stil under the state are eating up hundreds of millions of rupees in tax money.

"Unfortunately, RPC reforms could not be done while I was in office," Dissanayake said at the Annual General Meeting of the Colombo Tea Traders' Association, which celebrated its 125th anniversary.



He said that the ministry had graded all 24 RPCs according to their tea making practices as A, B and C.



"Most RPCs were in the A and B groups, but some were in C; those that broke rules," Dissanayake said.



"Unfortunately for me, there is no way to penalize them. There is a lacuna there."



"Hopefully in the future, we can look at this," he said.



Dissanayake said that reforms need a consensus form the industry and cannot be implemented top down by one policy maker.



However, he also said that the tea industry is highly regulated and requires deregulation in certain areas, which the industry must also collectively decide upon.



Sri Lanka's RPCs have 50-year leases to tea land and the government is the golden shareholder, with veto powers.



Tea is Sri Lanka's second largest merchandize export, earning 1.4 billion US dollars in 2018.



Two plantation companies in state hands including Elkaduwa Plantations are making losses in the hands to the state and are propped up with peoples' tax money.
The Invisible
The Invisible

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