• Kenya-Sri Lanka Joint Economic Cooperation talks a success

    18/11/2014 Daily FT

    02/01/2017
    Kenya-Sri Lanka Joint Economic Cooperation talks a success

    Kenya, the newest entrant to Africa’s top 10 list, called for renewed trade with Sri Lanka and in a display of its commitment towards this end requested three trade pacts with Sri Lanka in one go by 2015.

    “We are looking forward to more trade interaction and expecting a delegation to Nairobi from Sri Lanka next year. By the time of your visit to Nairobi we are looking forward to conclude current discussions on three agreements being discussed and to sign them,” said Amb. Nelson Ndirangu Ogn (Director, Economic Affairs and International Trade of Kenyan Ministry of Foreign Affairs, Nairobi) on 12 November in Colombo.

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  • Sri Lanka's export trade sector grows 11.1%

    16/11/2014 Ceylon Today

    02/01/2017
    Sri Lanka's export trade sector grows 11.1%

    Sri Lanka's Export Trade sector recorded a relatively a higher growth of 11.1 per cent in second quarter 2014, when compared to the slower growth of 1.2 per cent recorded in the second quarter of 2013, Department of Census and Statistics said in its Quarterly Estimates of Gross Domestic Product report released recently.

    According to the Balance of Payment statistics of Central Bank of Sri Lanka, export earnings increased to Rs343,058 million in the second quarter of 2014, from Rs291,274 million in the second quarter 2013, indicating a growth of 17.8 per cent, said the Census and Statistics Department.

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  • Sri Lankan Apparel: Superior Quality, Iconic Designs & Ethical Business Practices

    14/11/2014

    02/01/2017
    Sri Lankan Apparel: Superior Quality, Iconic Designs & Ethical Business Practices

    The storied iconic brands in the fashion industry, say, Nike, Diesel, Victoria’s Secrets, Mark & Spencer, H & M, GAP, NEXT, Levi’s among many others that are synonymous with exceptional fashion clothing rely on Sri Lanka as their topmost Apparel Sourcing Destination. Sri Lankan Apparel Exports mainly include Casual Wear, Fashion Wear, Intimate Wear, Swim Wear, Sports Wear, Uniform & Workwear and Children's Wear.

    Thanks to an abundance of trainable and skilled labour force, technology infrastructure and visionary leadership, Sri Lankan Apparel  industry has seen rapid growth and earned the trust and loyalty from the world leading Fashion brands that are unblinkingly strict about quality and socially compliant manufacturing practices.

    Amidst a number of countries that export apparel, Sri Lanka enjoys a privileged position as a prime sourcing destination for garments without guilt. At the heart of this phenomenal success lies the philosophy that ‘Ethical Business is not a practice but a way of life’. The official website of Joint Apparel Association Forum (JAAF) proclaims “We take pride in saying that Ethical Business Practices and Responsible Commerce at Sri Lanka's Apparel Industry are not a response to increasing need and demand for 'Ethical Products' and satisfy Business Compliance, but has been a Way of Life for last 30 years across the 350 plants and over 1 Million strong workforce.”

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  • Savour the Unique Flavour and Countless Health Benefits of Pure Ceylon Tea

    14/11/2014

    02/01/2017
    Savour the Unique Flavour and Countless Health Benefits of Pure Ceylon Tea

    The delicious aroma that emanates as a few spoonfuls of Ceylon tea hit the simmering water in the white jug patterned with tea-buds every morning is refreshing forever. A sip of the steaming cup feels great on the tongue tickling the taste-buds. A great aroma with a fabulous taste, Ceylon Tea is beyond compare. Whether it’s in the morning or in the evening, a hot cup of tea is always a delectable drink.

    But, as the Book of Tea, Kakuzo Okakura’s 1906 philosophical treatise on tea says, tea had been a medicine long before it became a beverage. The potent natural antioxidants that abound in green & black tea can protect regular tea drinkers from a number of degenerative diseases such as heart disease, high blood pressure, stroke, cancer and diabetes.

    Heart Disease

    Continual consumption of correctly brewed Ceylon Tea is known to decrease the oxidation of fat. Catechins in green tea, theaflavins and thearubigins in black tea can inhibit lipid oxidation and plaque formation (which can cause heart disease), whilst cutting cholesterol. Regular consumption of tea is also known to reduce blood clotting. Blood clotting heightens the risk of coronary thrombosis.

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  • Bangladesh announces speedier trade pact in the offing

    13/11/2014 Daily FT

    02/01/2017
    Bangladesh announces speedier trade pact in the offing

    • Good news, prefer an FTA: Rishad
    • Talks will conclude successfully: Ashan
    • YoY bilateral trade jumps by 67%

    Minister of Industry and Commerce Tarik Ashan (third from left) greets Bangladeshi High Commissioner to Sri Lanka Tarik Ashan (second from left) yesterday in Colombo as Bangladeshi High Commission Colombo Counsellor and HOC F.M. Borhan Uddin (far left), Ministry of Industry and Commerce Secretary Anura Siriwardene(third from right), DoC DG R.D.S. Kumararatne (second from right) and EDB Chairman/CEO Bandula Egodage (far right) look on

    As bilateral trade with Bangladesh showed a strong rise, the country has signalled that it has now started moving towards the historic trade pact with Sri Lanka, as revealed yesterday in Colombo, and Bangladesh wants the agreement to be signed fast.

    “At my final meeting with Prime Minister Sheikh Hasina just before my departure to Colombo, she advised me to focus strongly on trade during my new tenure in Sri Lanka. I am pleased to inform you that the trade agreement under discussion between both countries at present will come to a successful end,” announced the newly-appointed Bangladeshi High Commissioner to Sri Lanka Tarik Ashan yesterday.

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  • Rubber industry can grow bigger than garments

    10/11/2014 Daily FT

    02/01/2017
    Rubber industry can grow bigger than garments

    • Potential to become a 10 billion dollar business: Prabhash Subasinghe

    Global Rubber Industries Managing Director Prabhash Subasinghe receiving the Platinum Sponsor award from Minister of Economic Development Basil Rajapaksa at the recently concluded Global Rubber Conference

    The rubber industry in Sri Lanka has the potential to grow bigger than the garment industry. “Unfortunately, foreign investors have not seen the possibility of this factor,” says Global Rubber Industries Ltd (GRI) Managing Director Prabhash Subasinghe.

    According to GRI, a leading industrial solid tyre manufacturer based in Sri Lanka; supplying solid tyres to Original Equipment (OE) manufacturers and replacement markets in more than 45 countries worldwide since 2001; Sri Lanka is the world’s largest producer of high-quality solid tyres, dominating about 60% of the global market.

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  • Ornamental fish featuring notably in 14 percent export growth

    10/11/2014 Ifham Nizam, The Island

    02/01/2017
    Ornamental fish featuring notably in 14 percent export growth

    Sri Lanka has earned USD 7.34 billion from exports up to August this year, recording a positive growth of 14 per cent when compared to the corresponding period in 2013, said Sri Lanka Export Development Board Chairman cum Chief Executive Officer Bandula Egodage.

    Addressing a gathering at the First International Ornamental Fish Trade Conference in Colombo yesterday he said despite many constraints and challenges faced by local exports domestically and internationally, the willingness shown by them to sustain continuous growth was commendable.

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  • Trade renewal in offing with largest Nepali biz visit in a decade

    03/11/2014 Daily FT

    02/01/2017
    Trade renewal in offing with largest Nepali biz visit in a decade

    • ‘Time for air links, new trade’: Nepal’s Dhakwa
    • ‘Sending two teams’: EDB’s Egodage
    • Bilateral trade at $ 5 m
    • ‘Come to us & get Indo, Thai markets’: Nepal’s Dhakwa

    TEPC Member of Board of Directors and the leader of the visiting Nepali delegation Bikash R. Dhakwa (third from right) gifts a copper and gold dust plated Shakyamuni Buddha statue crafted by Nepali artisans to EDB Chairman and CEO Bandula Egodage on 29 October in Colombo

    As Lanka-Nepal trade leaped by threefold and showed new signs of revival, the biggest Nepali business delegation to Sri Lanka after almost a decade concluded their visit successfully on 2 November and also gave an unprecedented opening for the country’s artisans to enter two of the highly profitable craft markets in the region through Nepal and Sri Lanka’s creative artisans have been invited to November’s International Fair in Kathmandu.

    “Sri Lanka and Nepal have historic relations and now is the time to go to the next step; towards stronger bilateral trade. The main reason we are coming to Sri Lanka is that you have very good gem processing technology – also we need your natural precious stones,” announced Trade and Export Promotion Center (TEPC) Member of Board of Directors and the leader of the visiting Nepali delegation Bikash R. Dhakwa on 29 October in Colombo.

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  • Sri Lanka attends ICC Conference on Global Economic recovery in Dhaka

    31/10/2014 Asian Tribune

    02/01/2017
    Sri Lanka attends ICC Conference on Global Economic recovery in Dhaka

    The Export Development Board of Sri Lanka led a trade delegation from Sri Lanka to participate at the International Chamber of Commerce Conference on Global Economic Recovery which was held in Dhaka on 25-26th October 2014.

    On the sidelines of the Conference, nine Sri Lankan companies included in the delegation participated in two Business Match-Making sessions with the members of the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) and the Dhaka Chamber of Commerce and Industry (DCCI) at two events on 27th October. The participating companies represented printed packaging products, garment and textile accessories, IT and education, food processing and electric cable sectors. The delegation also met with the senior officials of the Board of Investment of Bangladesh and Bangladesh Garment Manufacturers and Exporters Association.

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  • Two Lankans clinch global rubber glory

    30/10/2014 Daily FT

    02/01/2017
    Two Lankans clinch global rubber glory

    • Prof. Attanayaka and Lalan’s Hapangama win top awards at Global Rubber Conference

    Industry and Commerce Minister Rishad Bathiudeen hands over the GRC Wickham Award 2014 to Chairman, Lalan Rubbers Lalith Hapangama (left) and DPSTG Attanayaka (who collected on behalf of the winner Prof. DPSTG Attanayaka) on 28 October in Colombo. Chairman and CEO of EDB Bandula Egodage and Chairman Confexhub Sdn Bhd, Malaysia, Dr. Abdul Aziz (far right) were also present

    Two Sri Lankans won GRC Wickham awards at the Global Rubber Conference 2014 (GRC) held at the Cinnamon Grand Hotel on 28 October.

    “At the next Global Rubber Conference, the knowledge received at today’s sessions should be reflected and evaluated. In such a background it is important for us to continuously review developments in all the closely related aspects and industries including the global economy and currencies as well,” said Industry and Commerce Minister Rishad Bathiudeen said while speaking at the conference.

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  • Global Rubber Conference 2014 kicks off in Colombo

    29/10/2014 Daily FT

    02/01/2017
    Global Rubber Conference 2014 kicks off in Colombo

    The local rubber industry received much emphasis yesterday with the Global Rubber Conference (GRC) 2014 kicking off in Colombo.

    The four-day event, which started on 27 October, is taking place for the fourth consecutive year.
    The GRC is recognised to be one of the world’s leading conferences on natural rubber and NR-based products and is held on an annual basis rotating in different rubber-producing countries.

    Organised by the Sri Lanka Export Development Board (SLEDB) and Confexhub with the support from the Ministry of Plantation Industries and the Ministry of Industry and Commerce, the event saw about 250 delegates from over 25 countries come together to discuss and get updated on the pertinent issues affecting the global rubber industry.

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  • Lanka’s top global FDI partner in yet another $ 1 b rollout

    28/10/2014 Daily FT

    02/01/2017
    Lanka’s top global FDI partner in yet another $ 1 b rollout

    • Malaysia places Lankan SMEs as top priority
    • Going up to $ 1 b: – Delegation Lead Abdullah
    • Great news for our SMEs: Rishad
    • We are moving to SA via Lanka: SME Factors’ Al Qudsy
    • Lanka-Malaysia trade at $ 577 m

    Sri Lanka’s largest global FDI partner Malaysia is mulling a new wave of incremental FDI totalling $ 1 b with an emphasis on SMEs.
    It will become one of the largest-ever Private Public Partnership (PPP) ventures in Sri Lankan SMEs and the entry of biggest SME financier in Malaysia to Sri Lanka is the first step in their South Asian leap.

    “We are thinking of another $ 1 billion portfolio in Sri Lanka in addition to the current investment portfolio here by EXIM Bank of Malaysia. SMEs are the priority sector in this new $ 1 b rollout while other sectors are also being mapped,” said Syed Zed Al Qudsy, President of SME Factors, Jalan, Malaysia on 15 October, addressing Minister of Industry and Commerce Rishad Bathiudeen at the EDB Building in Colombo.

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  • Sri Lanka has an impressive record in planting, production & export of rubber – President

    28/10/2014 Asian Tribune

    02/01/2017
    Sri Lanka has an impressive record in planting, production & export of rubber – President

    Sri Lanka has an impressive record in the planting, production and export of rubber which is today the third largest sector to the country’s economy, said President Mahinda Rajapaksa.

    Rubber is an important part of the country’s plantation sector and its contribution to agro-industry provides gainful employment to more than 300,000 persons making it a mainstay in the socio-economic aspects of the country, he added.


    Sri Lankan Rubber and Rubber products have today earned worthy recognition for good quality and reliability in the international market, he stated.

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  • Jaffna IT Week to take IT/BPM sector north

    25/10/2014 David Stephens , Daily FT

    02/01/2017
    Jaffna IT Week to take IT/BPM sector north

    SLASSCOM Vice Chairman and Jaffna IT Week Convener Mano Sekaram addressing the media last evening. Also present from left: SLASSCOM Executive Director Dharshan Cooray, Emeritus Chairman Madu Ratnayake, SLEDB Chairman/CEO Bandula Egodage, ICTA CEO Reshan Dewapura and University of Jaffna Senior Lecturer Dr. A. Ramanan

    The National IT/BPM Chamber, Sri Lanka Association for Software and Services Companies (SLASSCOM), in an effort to promote inclusive growth and reconciliation, will stage the Jaffna IT Week from 3-6 December at a number of venues across the region.

    The Jaffna IT Week will comprise the Future Careers Program on 3 and 4 December at the Vembadi Girls’ High School, an IT/BPM Export Forum staged at the Tilko City Hotel on 5 December and the Jaffna IT Conference, which will be held at the Kailasapathy Auditorium of the University of Jaffna on 6 December

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  • Sri Lanka represented at the largest SME Fair in the Asia Pacific region in Guangzhou

    21/10/2014 news.lk

    02/01/2017
    Sri Lanka represented at the largest SME Fair in the Asia Pacific region in Guangzhou

    Sri Lanka participated for the first time at the 11th edition of the China International SME Fair (CISMEF) in Guangzhou from 11 to 14 October 2014. The Sri Lanka Pavilion was jointly organized by the Consulate General of Sri Lanka in Guangzhou and the Sri Lanka Export Development Board and had strong representation from business leaders of the SME sector, showcasing premium products from thrust export sectors such as gems and jewellery, tea and spices, handicrafts, handlooms and ayurvedic products.

    Mrs. Sujatha Weerakoon, Director General of the Sri Lanka Export Development Board, speaking at the opening of the Sri Lanka Pavilion pointed out that the Government’s numerous trade facilitation initiatives and President Xi Jinping’s recent State Visit to Sri Lanka have created new opportunities for even closer cooperation between Sri Lanka and China, particularly in trade and urged Sri Lanka companies present to maximize the opportunity to enter the attractive Chinese market.

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  • First-ever on-water Boat Show a success

    18/10/2014 Daily FT

    02/01/2017
    First-ever on-water Boat Show a success

    • 2013 boat exports surge by 46%
    • Buyers and exhibitors from Korea, Maldives, Seychelles
    • Improved standards: Minister Senaratne
    • Value-added business: EDB’s Egodage

    Economic Development Minister Basil Rajapaksa (second from left), Minister of Fisheries and Aquatic Resources Development Rajitha Senaratne (third from left) and EDB Chairman/CEO Bandula Egodage at Boatshow 2014 on 10 October at Dickowita Harbour, Wattala

    Colombo’s latest international boat show, which featured an on-water boat display for the first time, concluded successfully after a three-day run on 12 October.

    “We have been talking about five hubs. Today there are two major milestones taking place at this event – the promotion of the maritime hub as well as our tourism,” said EDB Chairman and CEO Bandula Egodage, addressing the inauguration event of Boatshow 2014 on 10 October at Dickowita Harbour, Wattala.

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  • US-SL trade talks conclude in Colombo

    16/10/2014 Daily FT

    02/01/2017
    US-SL trade talks conclude in Colombo

    • GSP, labour, trade promotion among discussed items
    • SL-US biz relationship at $ 3 b: Trade Rep Delaney
    • US Ex-Im Bank renewing ties with Lanka: Rishad
    • US biz team also in town, US-SL Biz Forum today
    • YoY SL-US trade up by 21% to $2.8b

    Minister of Industry and Commerce Rishad Bathiudeen (third from left) addresses the 11th Joint Council Meeting under the US-Sri Lanka Trade and Investment Framework Agreement joined by SL Embassy in Washington DC Minister Counsellor Bandula Somasiri (far right), Sri Lanka’s Ambassador to the US Prasad Kariyawasam (second from right), Ministry of Industry and Commerce Secretary Anura Siriwardena (fourth from right), DoC DG R.D.S. Kumararatne (fifth from right) and MoIC Additional Secretary Sheita Senaratne (sixth from right) and Minister (Commercial) at Lanka Embassy in US Bandula Somasiri (right)

    Talks under the Sri Lanka and US Trade and Investment Framework Agreement (TIFA) concluded yesterday in Colombo, reiterating the commitment to foster greater bilateral economic engagement.
    “The US-Sri Lanka Trade and Investment Framework Agreement (TIFA) is the premier dialogue for managing bilateral trade and investment relationship between both countries. This relationship amounts to $ 3 b” said Michael Delaney, the visiting Assistant United States Trade Representative for Central and South Asia yesterday in Colombo.

    Delaney, who is leading a 10-member official delegation to Sri Lanka, was addressing the 11th Joint Council Meeting (JCM) under the US-Sri Lanka Trade and Investment Framework Agreement (TIFA) at the Taj Samudra, Colombo.

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  • Sri Lankan ICT companies at GITEX 2014 in Dubai

    16/10/2014 Daily FT

    02/01/2017
    Sri Lankan ICT companies at GITEX 2014 in Dubai

    Six Sri Lankan ICT companies, Brandix I3 Ltd., hSenid Software International, Microimage Ltd., Negete Ltd., Pyxle Ltd. and AP Lanka Ltd. are exhibiting their software products and services at ‘GITEX Technology Week’ from 12 to 16 October at the Dubai World Trade Centre.

    The Sri Lanka Export Development Board (EDB) organised the country pavilion in coordination with the Sri Lanka Consulate General in Dubai.

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  • 56% of export target achieved : Minister Rishad

    08/10/2014 Daily FT

    02/01/2017
    56% of export target achieved : Minister Rishad

    • Jan-Aug exports bring Lanka closer to ’14 target

    With latest January-August export totals, Sri Lanka has clinched 56% of annual export target for 2014 while the spice sector has returned, as revealed on 3 October. Meanwhile, the spice industry is full of praise for the Government for the assistance lent to the sector’s development.

    “By end of this August we have already achieved 56% of our annual national export target for year 2013. Thanks to you, the committed spice and other product exporters, we are able to move towards our overall $ 20 b target now,” said Minister of Industry and Commerce Rishad Bathiudeen on 3 October in Colombo.

    Bathiudeen was addressing the 11th Annual General Meeting of The Spice Council (TSC) at the Taj Samudra Hotel. Also present on the occasion were Minister of Minor Export Crop Promotion Reginald Cooray, DoC DG R.D.S. Kumararatne,EDB DG Sujatha Weerakoone , The Spice Council Chairman Nanda Kohona, founder Chairman of the Spice Council of Sri Lanka Sarada De Silva, top officials of EDB and many leading members of Sri Lanka’s spice industry.

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  • Boat Show 2014 to take centre stage in October

    06/10/2014 Daily News

    02/01/2017
    Boat Show 2014 to take centre stage in October

    South Asia’s premier boat show and fisheries exhibition, ‘Boat Show 2014’ organized by Boat Building Technology Improvement Institute (BTI), Sri Lanka Export Development Board and Lanka Exhibition and Conference Services will take centre stage from October 10-12, 2014 at the Dickowita Fisheries Harbour under the theme ‘Promotion of Leisure Boating in Sri Lanka’.

    The main objective of the event is to attract buyers from all corners of the globe, while positioning Sri Lanka as the hub for the industry in South Asia and to develop a forum between buyers and sellers to facilitate industry growth.

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