Business
Sri Lanka tea industry facing up to new challenges
Since the Spanish flu infected close to a third of the, then global population a century ago, not even the First & Second World Wars could bring about an enormous tragedy on the human race until the COVID 19 pandemic hit all corners of Planet Earth. The New Corona Virus cases are already racing towards the 50 million mark and the death toll exceeding 1.2 million people with just the Second Wave of the pandemic beginning to spread all over the world like a wild fire aided by the natural wind.
The in tropical & mystic island of Sri Lanka blessed with abundance of rich culture and fertile nature, rain forest, daily direct sunlight of at least 6 hours throughout the year resulting in a conducive climate, soil and weather ideal for growing tea.
Sri Lanka in entirety and the tea industry in particular overcame the First Wave of the COVID 19 during the 2nd Quarter of 2020 with admirable success. The immediate transformation from an “outcry system” to an online electronic Colombo Tea Auction after more than 125 years and the continuation of the total value chain mechanism from the growing, plucking, manufacturing, selling at the weekly auctions, blending & packaging, and finally marketing & exporting branded, packeted or bulk form during the lockdown by defining the tea industry and its export process as an essential service saved the day for “Ceylon Tea”. Though the tea crop has declined over 10% due to a number of causes, the tea prices fetched at the Colombo Tea Auction has in fact appreciated by 15% up to end of September 2020 vis-a-vis same period of last year from Rs 542 per kilo to Rs 624 per kilo.
Today, the world has reached a crucial milestone where every nation is searching for human immunity boosting methods to counter the Corona Virus infection until an effective vaccination is introduced to the global masses. In that context, drinking warm beverages and inhaling hot vapour is generally believed to be helpful. This is where the Tea Research Institute of Sri Lanka (TRI) in collaboration with the analytical laboratory of SLTB has conducted a literature survey and further studies on “Theaflavins in Black Tea” and concluded black tea may be helpful in controlling and flushing out the viruses. The TRI has released a scientific publication under the topic “Antiviral properties of Tea” where it has been noted that drinking Black Tea helps to fight viruses. It could theoretically draw a parallel to a Taiwan research study (original article published in 2005) where the chemical structure of 64 compounds had been bioinformatically modelled against SARS – COVID – 2.
The hypothesis developed by the scientists that “Theaflavins” an antioxidant polyphenol richly found in Black Tea could potentially inhibit an enzyme from the Corona family and increase the human immunity, will need further investigations to establish authenticity. Nevertheless, “Theaflavins” is proven to be a compound which could alleviate respiratory diseases and open air passages in the human lungs for the facilitation of breathing. Further, the laboratory scientists at Sri Lanka Tea Board suggest, that frequent consumption of hot Black Tea (without sugar & milk) and inhaling the tea fumes is supportive of flushing viruses trapped in the throat and nasal area. This reaction helps in improving the immune capacity and inhibiting inflammation due to Catechins and Polyphenols contained in Black Tea. It should be mentioned here that consumption of Black Tea has not been proven medically as a treatment against the COVID 19 until extensive research studies are conducted with human trials.
In this connection, the Sri Lanka tea industry stakeholders have moved rapidly towards online meetings, lively discussions and working group sessions with the international clientele through virtual platforms such as Microsoft Teams and Zoom conferences. All promotional campaigns for Ceylon Tea for the future are being focused through digital and social media against the backdrop of a pandemic lockdown in many global destinations. Utilizing the power of social media applications such as Facebook, Twitter, Instagram, YouTube, We chat etc through an identified panel of Influences, Bloggers, Authentic Opinion Makers and a few Celebrities Ceylon Tea clips, videos, messages, electronic banners etc are to be aired within the global campaign. It will be reinforced through search engines marketing availing Google, Yandex, Baidu and other effective digital media as per the respective countries of operation. This strategy is to be combined with other necessary upgrades on the supply chain mechanism.
Hasitha de Alwis Consultant
Business
AHK Sri Lanka champions first-ever Sri Lankan delegation at Drupa 2024
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
Business
HNB General Insurance recognized as Best General Bancassurance Provider in Sri Lanka 2024
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”