• Jan-Nov exports at $10 B

    31/12/2014

    02/01/2017
    Jan-Nov exports at $10 B

    Jan-Nov exports at $10 B

    Sri Lanka’s January–November exports have notched $10.1 Bn driven by 'across the board' surge and specifically led by apparel and industrial products and the crucial apparel volumes appear to be almost on its annual earnings target. “Several sub sectors including apparel and fishery have delivered and sustained our year on year growth” said Bandula Egodage, Chairman & CEO of EDB on 30 December.

    EDB Chairman Egodage was commenting on the provisional top-line export data presented to him by his Directors in Colombo on 30 December at EDB..

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  • 26 Reputed Sri Lankan Exporting Companies to Participate in Gulfood 2015

    29/12/2014

    02/01/2017
    26 Reputed Sri Lankan Exporting Companies to Participate in Gulfood 2015

    Established over 25 years, Gulfood has a well deserved reputation amongst the exporters for delivering spectacular return on investment. While being the Middle East’s leading exhibition dedicated to the food service and hospitality sectors, Gulfood is also the most influential annual Food and Hospitality show in the world. For the exporters seeking new sales from the Middle East, Africa and South Asia, Gulfood provides a trade and sourcing platform without equal, where international flavours find world-class business. With the record participation by the global companies, Gulfood is the metaphorical birthplace for a massive number of international business opportunities. Gulfood 2015 is scheduled to be held from 8th to 12th of February, 2015 in Dubai, UAE.

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  • The desiccated coconut industry – glimpses of the past, present & future

    22/12/2014 By Jagath C. Savanadasa - The Island

    02/01/2017
    The desiccated coconut industry – glimpses of the past, present & future

    The desiccated coconut industry – glimpses of the past, present & future

    Desiccated coconut (D/C), a basic by-product of coconut with limited technological input has been a foreign exchange earner for the country for a long period of time.

    There had been the usual ups and downs or changes in demand patterns for D/C over the years but the international market situation is certainly looking up currently for D/C exports. In addition prices obtainable for the product too are promising which augers well for foreign exchange earnings from this product.

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  • Lankan ICTs first entry to Slush 2015

    17/12/2014 news.lk

    02/01/2017
    Lankan ICTs first entry to Slush 2015

    In a major renewal of its economic cooperation with Sri Lanka, World’s ICT innovation leader has announced that it is ready to form a joint Business Council with Sri Lanka for the first time, as revealed on dEC.04-and Lankan ICT start-ups have received a breakthrough invitation to showcase themselves at one of world’s top-tier start-up events in 2015.

    “It is time that we establish a Finland-Sri Lanka Business Council for B2B activities. Such a mechanism will kick-start the process. We are also looking forward to see SME level Sri Lankan ICT BPM and business start-ups at the 2015 ‘Slush’ event in Helsinki” said an upbeat Matti Anttonen, Finnish Deputy Minister of External Economic Relations & Finnish Under-Secretary of State on dEC.04 in Colombo.

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  • Jan-Oct exports surge to $ 9 b

    10/12/2014 Daily FT

    02/01/2017
    Jan-Oct exports surge to $ 9 b

    • YoY Jan-Oct exports up by 8.7% to $ 9.1 b
    • Working towards $ 20 b by 2020: EDB’s Egodage
    • Fisheries in turnaround
    • US still topmost market for Sri Lanka

    Sri Lanka’s January-October YoY exports have surged by almost 9% while an export product that recently faced volatile EU markets showed a promising turnaround, as revealed yesterday.

    “For the month of October 2014 alone our provisional exports were at $ 900 m and this is only merchandise exports without taking into account of service exports such as ICT,” said EDB Chairman/CEO Bandula Egodage, commenting on the provisional top-line export data presented to him by EDB Directors at a progress review session held at the EDB yesterday.

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  • 20 IT SMEs in EDB’s first Jaffna Export Forum today

    05/12/2014 Daily FT

    02/01/2017
    20 IT SMEs in EDB’s first Jaffna Export Forum today

    • ‘30 more would be entrepreneurs too’: SLAASCOM’s Sekaram
    • ‘$ 5B IT exports by 2020’: EDB’s Egodage
    • ‘Cloud tech helping regional IT’: SLAASCOM’s Sekaram2103 IT exports at $ 719 m

    Sri Lanka’s apex export facilitator EDB’s first IT event in Jaffna has been boosted by an influx of Jaffna based operators and would be ICT entrepreneurs on 4 December and the event also packs in-depth industry presentations from no less than seven top Lankan IT firms.

    “Almost 20 SME IT operators in Jaffna region have registered for 5 December’s IT/BPM Export Forum in Jaffna. Another 30 prospective IT entrepreneurs from Jaffna who are looking to set-up, too have joined making it a total of 50 players,” said SLASSCOM Vice Chairman Mano Sekaram on 4 December in Colombo.

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  • Over US$ 1b gems to China by 2016

    05/12/2014 Daily News

    02/01/2017
    Over US$ 1b gems to China by 2016

    Sri Lanka could bridge the trade imbalance with China to a greater extent and also increase the US$ one billion overall export target in 2016, if the local gem/precious stone exports were encouraged and developed. At present there is a huge trade gap in favor of China, Director Marketing and Export -National Gem and Jewellery Authority, Rohan Perera said.

    "We are now looking at increasing gem export to China being the biggest buyer in the recent past. Since, China being a prosperous country in the world the demand for super luxury items like gems has increased considerably," Perera told the Daily News Business.

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  • ‘Lanka IT sector to hit $1B mark next year’-EDB

    05/12/2014 news.lk

    02/01/2017
    ‘Lanka IT sector to hit $1B mark next year’-EDB

    Sri Lanka’s surging IT and BPO exports would hit the critical dollar one billion mark as early as next year, surpassing previous expectations! And London Stock Exchange and HSBC have praised the Lankan IT sector ‘with joy’, as revealed on 05 December in Jaffna. And the pioneering Northern IT Exports forum by EDB & ICTA was packed with enthusiastic regional IT industry.

    “We earned $719 Mn from ICT exports, and our projection for 2014 is $820 Mn. At this rate, we expect to hit dollar one billion mark very soon-as early as 2015. We have seen 123% growth in IT sector over the last five years. London Stock Exchange and HSBC also praised the Lankan IT sector with joy” said Saman Maldeni (Director, Export Services of SLEDB) on 05 December in Jaffna.

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  • EDB to host international delegation at SLDF 2014

    05/12/2014 Daily FT

    02/01/2017
    EDB to host international delegation at SLDF 2014

    Lanka Design Festival (SLDF) 2014, which is backed by local industries and the Government, is scheduled to kick off over the next few days.

    The main objective of the festival is to promote design driven exports as a major economic sector for the country. For this reason, SLDF is supported by Sri Lanka’s apex institute for driving exports, the Sri Lanka Export Development Board (EDB).

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  • Visegrád Four to synergise Lanka's FTAs to penetrate South Asia

    04/12/2014 Daily News

    02/01/2017
    Visegrád Four to synergise Lanka's FTAs to penetrate South Asia

    dustrial economy billed as the Tetra Tiger due to its high growth, has revealed for the first time that it wants to synergise Lanka's historic FTAs to penetrate South Asia, and it is also readying for new bilateral efforts of high capacity across the board-in Lanka's wheat production, energy and even defence.

    "Our aim is to make Sri Lanka our business and investment platform to South Asia. There are many Slovakian manufacturers ready to invest here, produce and export to South Asian markets using your FTAs with India and Pakistan," said Peter Burian, State Secretary of the Ministry of Foreign and European Affairs of the Slovak Republic recently.

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  • Vietnam calls for FTA

    02/12/2014 Daily FT

    02/01/2017
    Vietnam calls for FTA

    • ‘Appointing Lanka’s first trade official to Vietnam’ – Minister Rishad
    • ‘Bilateral trade should not be just rice and tea’ – Kieu Thu
    • YoY bilateral trade surges by 88%
    • ‘Time to explore joint apparel synergies too’ – Kieu Thu

    Stepping up its trade cooperation with Sri Lanka, Vietnam said that it was working towards establishing a groundbreaking FTA with Sri Lanka.

    In view of this, Sri Lanka has promptly appointed its first-ever trade officer to Vietnam, the world’s fifth largest apparel exporter which is ready to partner with Sri Lanka’s own apparel industry.

    “There is huge unrealised trade potential between both countries that we need to explore. Trade need not be mostly the exchange of rice and tea between both countries. Therefore, while in Colombo, I will take up the task of promoting an FTA with Sri Lanka,” said Vietnam’s new ambassador to Sri Lanka, Phan Kieu Thu on 27 November in Colombo.

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  • New dimension in Lankan fashion and apparel to debut at SLDF 2014

    02/12/2014 Daily FT

    02/01/2017
    New dimension in Lankan fashion and apparel to debut at SLDF 2014

    Sri Lanka Design Festival’s 2014 fashion edition is taking shape with a preview into Sri Lanka’s brand-led future in fashion. Taking a giant step forward from the country’s longstanding reputation as a sustainable and technologically advanced manufacturing destination, Sri Lanka is about to forge its reputation as a fashion industry with its own brands. Sri Lanka Design Festival is the platform for this major step for Sri Lanka, and its sixth successful fashion edition is scheduled to unfold this week.

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