FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» CSE to turn bullish after November 14 poll
by Rare Today at 10:13 am

» ලාභ විජ්ජාව!!
by D.G.Dayaratne Yesterday at 8:11 pm

» Banking Sector (3Q 2024)
by God Father Yesterday at 7:05 am

» Prepare to be blown away..
by cpriya Yesterday at 1:05 am

» Hotel Sigiriya (HSIG) most undervalued & huge profit making Hotel
by LAMDA Sat Nov 16, 2024 11:38 pm

» ‘Buy the Rumour, Sell the News’
by God Father Sat Nov 16, 2024 12:00 pm

» Asian stocks drift higher amid rate cut speculation; Japan lags
by Rare Sat Nov 16, 2024 9:56 am

» Oil prices fall further
by Rare Sat Nov 16, 2024 9:40 am

» Post-election winners.
by Rare Sat Nov 16, 2024 9:36 am

» Bullish about a sustainable turnaround - CSE Chairman
by Rare Sat Nov 16, 2024 9:25 am

» Plantation Companies
by Rare Sat Nov 16, 2024 9:19 am

» COMMERCIAL BANK OF CEYLON PLC (COMB.N0000)
by EPS Thu Nov 14, 2024 10:31 pm

» People's leasing VS Singer Finance IPO Analysis
by ddrperera Wed Nov 13, 2024 8:18 pm

» Insights into LOLC Advanced Technologies
by samaritan Wed Nov 13, 2024 10:41 am

» LOLC Tech's ambitious plans for global expansion
by samaritan Tue Nov 12, 2024 2:06 pm

» PLANTATION SECTOR
by God Father Sun Nov 10, 2024 8:19 pm

» People's leasing company, a hidden gem? (an analysis)
by Nandana Withanage Sun Nov 10, 2024 6:56 pm

» PEOPLE'S LEASING BUYING SIGNAL Target Price 19 ..PLEASE KEEP EYE ON THIS..
by nilantha suranga Sun Nov 10, 2024 9:16 am

» Peoples leasing technically positive Target Price Rs 20
by Shiranli Sun Nov 10, 2024 7:43 am

» Quarterly Research Updates (Sep 2024)
by God Father Sun Nov 10, 2024 7:42 am

» Peoples Leasing....!!! whts the target?
by rajithasahan Sun Nov 10, 2024 7:35 am

» PEOPLE'S LEASING & FINANCE PLC
by mafasmunaseer Sun Nov 10, 2024 12:45 am

» Will garment exports to U.S. be taxed under Trump administration?
by Quibit Sat Nov 09, 2024 4:34 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

Wage hike to make Lankan teas most expensive

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

The recent wage increase granted to plantation sector workers has pushed the cost of production of Sri Lankan teas to the highest in the world, the Planters’ Association of Ceylon claimed.

“The wage increase will cause the cost of production of tea to escalate to its highest levels ever by an increase of Rs.40 per kilogram effective from April 1, this year. Sri Lanka’s cost of production of tea is the highest in the world,” Planters Association said in a statement.

According to the latest Central Bank report, the cost of production of a kilo of tea in Sri Lanka stood at Rs.391 in 2012.

The Association stated that the latest plantation worker wage increase could ensure a monthly income of at least Rs.15,500 per person and called for trade union and worker co-operation to increase productivity and efficiency.

The daily wage package of a plantation worker was increased by 20 percent from Rs. 515 to Rs. 620. The Planter’s Association represents the Regional Plantation Companies (RPC’s) who have subscribed to the new wage hike.

“The new wage package could be a win situation for the worker. The payment for a minimum 25 days’ work would enable a single worker to earn a minimum of Rs.15, 500 per month. A family of three would have a monthly household income of around Rs.45, 000.

This is in addition to the non-wage benefits of free housing, child care, health and education that are provided to all plantation families,” Plantation Association Chairman Lalith Obeyesekere noted.

Obeyesekere went on to add that the RPC’s were unanimous in granting a reasonable wage increase, given the present cost of living.

However, he re-iterated that there is a greater need for enhanced productivity particularly in tea which is the least viable of the main crops in the corporate sector and RPC’s expectations from trade unions and workers were high and worker performance should be at peak levels.

“RPC’s have been struggling with high labour costs with several companies finding the wage revision a challenge to sustain. We look to all stakeholders, workers, trade unions etc to join hands in sustaining the viability of the tea industry,” summed up Obeyesekere.
http://www.dailymirror.lk/business/economy/28706-wage-hike-to-make-lankan-teas-most-expensive-.html

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum