• Plastics, Rubber make promising start in 2014

    22/03/2014 Lanka Business today

    02/01/2017
    Plastics, Rubber make promising start in 2014

    The Plastics and Rubber Industry in Sri Lanka (PRISL), the apex organization focused on the training and development of manpower needed to the emerging requirements of the plastics and rubber based industries in Sri Lanka, has successfully accomplished three significant events

    A Joint venture with the Ministry of Industry and Commerce

    PRISL achieved a significant milestone in its history of 55 years when it launched a training programme on the practical aspects of rubber processing technology, with the support of Rishad Bathiudeen, Minister of Industry and Commerce.

    Labels : Blog Archive

    Read more
  • Kithulaka Varuna Exhibition and Trade Fair at Sudarshi Sinhala Cultural Centre

    21/03/2014 Daily Finance Times

    02/01/2017
    Kithulaka Varuna Exhibition and Trade Fair at Sudarshi Sinhala Cultural Centre

    The Ministry of Traditional Industries and Small Enterprise Development has organised the Kithulaka Varuna Exhibition and Trade Fair from 4 to 6 April 2014 at the premises of the Sudarshi Sinhala Cultural Centre opposite the BMICH.

    This is an annual exhibition and trade fair held every year before the Sinhala and Tamil New Year to popularise and promote Kithul products. This exhibition will be opened to the public from 9 a.m. to 9 p.m. on all three days. Admission is free and it is open for public.

    Minister of Economic Development Basil Rajapaksa will be the Chief Guest for this program, along with Minister of Traditional Industries and Small Enterprise Development Douglas Devananda providing the leadership and strategic guidance to take the kithul sector forward with the support of the Deputy Minister Weerakumara Dissanayake.

    Secretary, Ministry of Traditional Industries and Small Enterprise Development V. Sivagnanasothy said that this three day exhibition and trade fair has been organised by the ministry with its implementing agency the Industrial Development Board (IDB) and with the participation of other stakeholders such as the Industrial Technology Institute (ITI), National Engineering Research and Development Centre (NERD), Sri Lanka Standard Institute (SLSI), Department of Export Agriculture, Department of Forests and Export Development Board (EDB)

    Labels : Blog Archive

    Read more
  • B’Desh pushes biosimilar pharma JVs with Sri Lanka

    21/03/2014 The Island

    02/01/2017
    B’Desh pushes biosimilar pharma JVs with Sri Lanka

    For the first time, a government to government level cooperation effort is emerging to strengthen the supply of a crucial class of medicines in the $450 Mn Lankan pharma market. Bangladeshi pharma sector, which manufactures no less than 450 generic drugs for 5,300 registered brands, is now ready to partner with Sri Lanka to produce vital medicines used by seriously ill patients.

    "Our local pharmaceutical manufacturers cater to 97% of the internal demand and they also export. We are ready to support Sri Lanka to produce biosimilar pharmaceuticals such as insulin and finalise them to finish product levels with a guaranteed cold chain. We are ready for government to government level JVs to begin with" said MN Neaz Uddin (Health Secretary, Bangladesh) on March 20 in Colombo.

    Labels : Blog Archive

    Read more
  • Norwegian GSP+ opens $ 100 b market for Sri Lanka

    20/03/2014 Daily Finance Times

    02/01/2017
    Norwegian GSP+ opens $ 100 b market for Sri Lanka

    • Norwegian Customs offers hands-on support in Colombo for first time
    • Post-war Lanka demonstrated strong growth: Norwegian Ambassador
    • Norwegian openings for Lankan textiles, tea and rice: Norwegian Customs
    • Norway a gateway to Scandinavian market: EDB’s Egodage

    As bilateral trade soared by a strong 26%, Norway, the gateway market to Scandinavia and the third highest per capita market in the world, called Sri Lanka on 18 March to step forward and grab promising opportunities available with it.

    “There are many niche markets for your products and new opportunities are available in Norway. The new Norwegian GSP Plus involves lower middle income countries with populations of less than 75 million. Sri Lanka therefore qualifies as a GSP Plus country. As result, Sri Lanka now receives better market access to Norway,” announced Ambassador of Norway in Colombo Grete Lochem on Tuesday.

    Lochem was addressing the EDB-facilitated seminar on the Norway GSP+ scheme at the EDB auditorium, Colombo.

    Labels : Blog Archive

    Read more
  • EDB organises Lanka pavilion for Kunming Fair

    19/03/2014 Daily News

    02/01/2017
    EDB organises Lanka pavilion for Kunming Fair

    The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Embassy in China will organize a Sri Lanka pavilion at the second China South Asia Exposition to be held at the Kunming International Convention and Exhibition Centre, from June 6 to 10, 2014.

    This exposition is sponsored by the Ministry of Commerce of China and the Government of Yunnan province to promote import products from the South Asian region .

    Applications are expected from manufacturers and exporters from the categories such as food and beverages (tea, spices and kitchen essentials, processed food products, fish and related fishery products and fresh fruits and vegetables), agri products (cut flowers and foliage, coir and coir products), gems and jewellery, garments and textiles, ceramics and porcelain products, handicrafts (high quality handicrafts, batiks, artificial fashion jewellery), healthcare products (herbal products, personal care products) finally industrial products such as rubber and based products, paints and varnishes, automobile spare parts, bicycle products, electrical products and activated carbon.

    Labels : Blog Archive

    Read more
  • Steps taken to expand Gem and Jewelry exports

    18/03/2014 news.lk

    02/01/2017
    Steps taken to expand Gem and Jewelry exports

    Sri Lanka’s Gem and Jewelry Industry is emerging as one of the biggest foreign exchange earning industry for the country. The Gem and Jewellery Authority has implemented many measures to uplift the industry.

    These includes holding periodical exhibitions locally and in foreign countries and providing facilities for gem miners and establishing partnerships with other gem exporting countries in the world.

    As a result of these activities Myanmar has invited Sri Lanka to establish cooperation in the industry.  Deputy Minister of Industry and Commerce Lakshman Wasantha Perera said that with this new initiative from Myanmar we could establish new industries both local and foreign to enable us to generate huge employment opportunities locally and overseas, in addition to development of Sri Lankan exports.

    Labels : Blog Archive

    Read more
  • Initiative to jumpstart Palestine - SL trade

    18/03/2014 The Island

    02/01/2017
    Initiative to jumpstart Palestine - SL trade

    Bilateral trade needs to be revived first, before moving for such trade mechanisms as FTAs when it comes to trade with the virgin market of Palestinian Territories. "FTA with the Palestinian Territories is a good idea but with non-existent trade at present, it is too early for it" said Minister of Industry and Commerce Rishad Bathiudeen.

    Minister Bathiudeen was speaking to Ms Mai Bakry, presenter of "Palestine TV" on March 07 in Colombo when he was interviewed for the channel.

    Labels : Blog Archive

    Read more
  • Exclusive Myanmar gem zone for Sri Lanka

    17/03/2014 Daily Finance Times

    02/01/2017
    Exclusive Myanmar gem zone for Sri Lanka

    Sri Lanka’s gem mining industry is set to turn a new chapter as Myanmar has invited the country for unprecedented cooperation efforts across many sectors. “I am pleased to say that the follow-up delegation as a result of President Mahinda Rajapaksa’s visit to BIMSTEC in Myanmar has reaped great success. I am quite confident that, with this initiative, we could establish new industries both local and foreign, to enable us to generate huge employment opportunities locally and overseas, in addition to development of exports of Sri Lanka,” revealed Deputy Minister of Industry and Commerce Lakshman Wasantha Perera.

    Deputy Minister Perera was speaking in the aftermath of his ministerial meetings with members of the Myanmar Cabinet in Myanmar.  Deputy Minister of Industry and Commerce Lakshman Wasantha Perera led the 15 member strong Sri Lankan delegation to the Myanmar Construction Summit held in the country’s capital city Naypyidaw.

    Labels : Blog Archive

    Read more
  • ‘75% of our exporters are SMEs’

    14/03/2014 The Island

    02/01/2017
    ‘75% of our exporters are SMEs’

    Sujatha Weerakoon (DG-EDB-far left)  addresses the audience at EDB facilitated Internationalisation of SMEs session by PUM Netherlands senior experts on March 14. Seated at head table (at centre) is Dutch Tech Transfer Expert Cees Van Dijl.

    SMEs are the backbone of our economy and more importantly, they are at the level of exports too! "Of the more than 4000 of Sri Lankan export firms, 75% are SMEs. Therefore we have a huge responsibility to groom them to become large scale export firms" said Sujatha Weerakoon (DG-EDB).

    DG-EDB Weerakoon was addressing the EDB facilitated "Internationalisation of SMEs session by PUM Netherlands senior experts" session held at EDB on March 14.

    Labels : Blog Archive

    Read more
  • China starts Sri Lanka agro value chain studies

    13/03/2014 The Island

    02/01/2017
    China starts Sri Lanka agro value chain studies

    Fujian, China’s emerging high growth province, is eager for more Sri Lankan exports to its demanding marketplace-and a visiting delegation to Colombo pushed for direct links with Lankan businesses on 06 March in Colombo. "Sri Lanka has been rebuilt as the pearl of the Indian Ocean. And I agree with you that both sides can mutually benefit in many sectors of cooperation, including trade. In fact, we want Sri Lanka – Fujian trade to grow in Sri Lanka’s favour" said a keen (HE) Song Kening (Director-General of Fujian Provincial Foreign Affairs) on 06 March in Colombo.

    Director-General Kening was addressing the Sri Lankan business team led by Bandula Egodage (Chairman/CEO, EDB) along with Dr Yousuf Maraikkar (ED, EDB), Sujatha Weerakoone (DG, EDB) and EDB sectoral representatives on 06 March at EDB premises, Colombo.

    Labels : Blog Archive

    Read more
  • China starts first Sri Lanka value chain study

    12/03/2014 Daily Nation

    02/01/2017
    China starts first Sri Lanka value chain study

    Strengthening bilateral trade cooperation further, China’s powerful official organ in charge of import commodity inspections, has despatched its first expert study team to Sri Lanka, signalling that China is opening for Sri Lanka’s agro-exports.

    The official quarantine study team from the powerful official organ in charge of import commodity inspections, Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China (ADSIQ-China) has arrived in Sri Lanka on 05 February and begun work on 06 February, by liaising with the EDB. The three member team is scheduled to return to China on 12 March.

    Labels : Blog Archive

    Read more
  • Sri Lanka German trade tops US$ 852 mn

    10/03/2014 Daily News

    02/01/2017
    Sri Lanka German trade tops US$ 852 mn

    Sri Lanka German trade has hit record heights last year with the total trade turnover exceeding US$ 852 million.

    G. L. Gnanatheva, First Secretary (Commercial) Sri Lankan Embassy in Germany said that total trade turnover was in the excess of US $ 771million. In 2012 Sri Lanka exported goods to Germany to the tune of US$ 452 million while German exports to Sri Lanka stood at US$ 319

    He said that for the first time trade balance too has narrowed from US$133 million to US$ 83 million.

    Labels : Blog Archive

    Read more
  • Cinnamon exports rise by 6.4% to $ 129.5 mn

    03/03/2014 Daily News

    02/01/2017
    Cinnamon exports rise by 6.4% to $ 129.5 mn

    Ceylon Cinnamon, which is Sri Lanka’s second global brand, has secured its trademark in two more leading markets-with one more country application in the registration process. ”I commend the EDB’s Agro division for their efforts on this initiative” said Bandula Egodage (Chairman/CEO, EDB) on 27 February in Colombo.

    Chairman Egodage was addressing the monthly review meeting of EDB last week when he was informed by EDB’s agro division of the latest development on Ceylon Cinnamon.

    Labels : Blog Archive

    Read more
  • Ceylon Cinnamon secures two more int’l trademarks

    28/02/2014 The Island

    02/01/2017
    Ceylon Cinnamon secures two more int’l trademarks

    Ceylon Cinnamon, which is Sri Lanka’s second global brand, has secured its trademark in two more leading markets-with one more country application in the registration process. "I commend the EDB’s Agro division for their efforts on this initiative" said Bandula Egodage (Chairman/CEO, EDB).

    Chairman Egodage was addressing the monthly review meeting of EDB on February 27 when he was informed by EDB’s agro division of the latest development on Ceylon Cinnamon.

    Labels : Blog Archive

    Read more
  • SL-Iraq trade talks begin in Baghdad

    27/02/2014 Daily Mirror

    02/01/2017
    SL-Iraq trade talks begin in Baghdad

    The latest Sri Lanka-Iraq Joint Committee for Economic Cooperation (JEC) Commenced February 25 in Baghdad, a statement from the Industry and Commerce Ministry said.

    “Iraq is certainly an important market for us not only for tea but even for other prospective products. Similarly, there would be good opportunities for Iraq to promote its products using Sri Lanka’s potential,” said Industry and Commerce Minister Rishad Bathiudeen, making his opening remarks at the eighth session of Sri Lanka Iraq Joint Committee for Economic Cooperation (JEC) meeting in Baghdad, heading a 16-member delegation.

    Labels : Blog Archive

    Read more
  • Iraq – Sri Lanka trade tops $90 million, up 80 per cent

    26/02/2014 Lanka Business Today

    02/01/2017
    Iraq – Sri Lanka trade tops $90 million, up 80 per cent

    Bilateral trade between Sri Lanka - Iraq has reached $90 million, an 80 per cent increase, and the two countries are aiming to break new ground when the largest joint trade session has begun in Baghdad. OPEC’s second biggest oil power is also ready to channel its Basra Light Crude to Sri Lankan refineries.

    ”In the past Sri Lanka bought and refined our oil. You can buy our Basra Light brand of crude streams and we are ready to supply them to you as we are a top buyer of Ceylon Tea,” said a confident Ambassador of Iraq in Sri Lanka, Kahtan Taha Khalaf in Colombo last week.

    Labels : Blog Archive

    Read more
  • Pakistan expects to invest US$ 500 mn in Sri Lanka

    24/02/2014 Daily News by Indunil Hewage

    02/01/2017
    Pakistan expects to invest US$ 500 mn in Sri Lanka

    Pakistan is expected to invest around US$ 500 million in Sri Lanka in the next three years, said Hasan Zaigham, the First Secretary, Pakistan High Commission in Sri Lanka addressing a seminar on Sri Lanka and Pakistan trade, organized by the National Chamber of Commerce in Sri Lanka.

    Investments from Pakistan into Sri Lanka have begun to pick up. As of December 2012, the total cumulative investment stood at around US$ 11.9 million and currently Investment of around US$ 233.3 million is in the pipeline

    Labels : Blog Archive

    Read more
  • Lanka, Iraq bilateral trade up by 80% to $ 90 mn

    20/02/2014 Daily News

    02/01/2017
    Lanka, Iraq bilateral trade up by 80% to $ 90 mn

    As Fairtrade becomes the latest sales driver in international markets, Sri Lanka has stepped up its efforts to meet the new standard. A promising Lankan export niche has become the successful testing ground for Sri Lanka’s entry into global Fairtrade certification regime – and the EDB, which leads the initiative, has received encouraging feedback from many – including a global consultant on Fairtrade.

    “I am impressed of Sri Lanka’s craft makers and exporters. Their products are of high quality,” said a satisfied Paul Myers, the visiting USAID/VEGA Fairtrade Expert on 19 June at EDB, Colombo.

    Labels : Blog Archive

    Read more
  • Lanka mulling to be a medical tourism brand

    13/02/2014 Asian Tribune

    02/01/2017
    Lanka mulling to be a medical tourism brand

    Merging its latest tourism arrivals to its modernizing healthcare, Sri Lanka is mulling to be a medical tourism destination next-while also opening a new niche service niche in its surging exports.

    “Due to the support of well-trained, high quality healthcare professionals, availability of treatment centres as well as pharmaceuticals, we are witnessing the emergence of a new sector, that is medical tourism, contributing to our service exports” said an upbeat Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka on 12 February in Colombo.

    Labels : Blog Archive

    Read more
  • Exports up by 6.3% to US$ 10.38 bn in Dec.

    11/02/2014 Daily News

    02/01/2017
    Exports up by 6.3% to US$ 10.38 bn in Dec.

    Sri Lanka's external sector strengthened further with continued inflows to both the Current Account and the Financial Account of the Balance of Payments (BOP)in December 2013.These inflows resulted in a significant increase in the overall balance as at end December 2013, the Central Bank said yesterday.

    Earnings from exports recorded an increase, while a notable reduction in imports was witnessed during the month, considerably reducing the trade deficit. Inflows on account of workers’ remittances and tourist earnings also recorded the highest values during a month, while inflows to the Financial Account increased moderately during December, the Bank said yesterday.

    Labels : Blog Archive

    Read more