Plantations stocks closed upto 2.5 percent lower Thursday after the government announced that companies would have to pay a daily wage of 1,700 per worker. Already some workers who were paid on a model somewhat similar to that of small holder workers, were earning higher wages than those who were paid through a mandate wage. […]

Kahawatte Plantations PLC, a member of the Merrill J. Fernando group, has emerged as the country’s biggest cinnamon grower with 830 acres (336.05 ha.) of the spice, unique to this country, already established in several estates within its portfolio. Ekerella, a Kahawatte plantation boasts the largest contiguous cinnamon plantation (90 ha.) in the country, Dilhan, […]