• Sri Lanka’s Growing Startup Culture

    27/01/2017

    02/01/2017
    Sri Lanka’s Growing Startup Culture

    Each year 250,000 Sri Lankans reach the job market looking for new working opportunities. Since the government sector is filled to the brim, private sector organizations in Sri Lanka is faced with the responsibility of providing 8 out of 10 new jobs, which makes the spark of entrepreneurship, a necessity more than an option today.

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  • The Growth of ICT /BPM Sector in Sri Lanka

    20/01/2017

    02/01/2017
    The Growth of ICT /BPM Sector in Sri Lanka

    Ranked at 14th in Global Services Location Index 2016, by AT Kearney and among the Top 20 Emerging Cities by Global Services Magazine, Sri Lanka recorded an over USD 800 million in export revenues in the BPM and ICT sector.

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  • Coconut Fiber Geo-Logs and Geotextiles in Environment Conservation

    17/01/2017

    02/01/2017
    Coconut Fiber Geo-Logs and Geotextiles in Environment Conservation

    With the annual economic losses due to deforestation and land degradation estimated at a 1.5 – 3.4 trillion Euro in 2008, equaling 3.3 – 7.5% of global GDP in 2008, the world is fighting a losing battle against soil erosion and degradation caused by natural and man-made causes.

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  • Gem Lapidaries in Sri Lanka - Attuned to the fine art of Gem Cutting in Sri Lanka

    17/01/2017

    02/01/2017
    Gem Lapidaries in Sri Lanka - Attuned to the fine art of Gem Cutting in Sri Lanka

    Sri Lanka has been celebrated for the brightest and the most valuable gemstones in the world and was suspected to be the locality of mythical ‘Tarshish’, the port city, which supplied King Solomon with gems, silver, pearls and ivory.

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  • Sri Lanka’s Gem Exports to China set to increase

    16/01/2017

    02/01/2017
    Sri Lanka’s Gem Exports to China set to increase

    In the wake of the Free Trade Agreement between China & Sri Lanka to be finalized around March 2017 and of the recently signed Memorandum of Cooperation (MOC) between the Sri Lanka Gem and Jewellery Association (SLGJA) & Guangdong Gems and Jade Exchange (GDGJE), it’s on the cards that Sri Lankan gem exports to China, the world’s largest gem importer enjoying the lion’s share, that is, 76.8% of the world gem market - In financial terms, China’s gem imports amount to a whopping US $25.8 billion - will grow considerably.

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  • Educating a New Generation for a Better Future for Ceylon Cinnamon

    16/01/2017

    02/01/2017
    Educating a New Generation for a Better Future for Ceylon Cinnamon

    Sri Lanka holds the monopoly for Ceylon Cinnamon or true cinnamon, the celebrated spice that changed the human history forever. Made from the bark of the small evergreen tree called Cinnamomum zelanicum, Ceylon Cinnamon’s unique fragrance and taste, as well as its remarkably low amounts of coumarin, had made it one of the most sought after spices made in Sri Lanka, ever since the world discovered the many uses of Ceylon Cinnamon.

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  • The Thriving Boat and Sea Craft Manufacturing Industry in Sri Lanka

    12/01/2017

    02/01/2017
    The Thriving Boat and Sea Craft Manufacturing Industry in Sri Lanka

    Sri Lankan boat manufacturers are seeing an increase in demand for pleasure, commercial and fishing boats following the International Boat and Fisheries Exhibition 2016 that was held at Dickowita Fishery Harbor in October last year.

    According to the Ministry of Fisheries and Aquatic Resources Development, the country is tipped to receive an income of Rs. 20 billion by exporting Sri Lankan made fishing vessels to European countries including the UK, Norway, Sweden, the Netherlands and France.

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  • Ceylon Sapphire’s Star is Rising Due to Changing Market Trends

    12/01/2017

    02/01/2017
    Ceylon Sapphire’s Star is Rising Due to Changing Market Trends

    Sri Lanka was once again reaffirmed as the Rathnadweepa or ‘the isle of gems’ by the discovery of the biggest blue star sapphire from a mine in Rathnapura, the town of gems.

    Weighing an astonishing 1404 carats, the rare star sapphire now known as ‘Star of Adam’ was valued at over USD 300 million. Found during the fall of the year 2015, the star sapphire has evoked a greater interest and excitement among the global gem and jewelry traders.

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  • Coco Peat based Growing Media from Sri Lanka for Greenhouse Cultivation

    11/01/2017

    02/01/2017
    Coco Peat based Growing Media from Sri Lanka for Greenhouse Cultivation

    It’s no secret that Sri Lanka’s abundance of Coconut plantations is a significant source of export earnings and employment generation in that it gives rise to a number of industries from Coconut flour to desiccate to activated carbon to coir grow bags and everything in between. While it’s not as common as Coconut oil, desiccate & activated carbon exports, Coconut substrate based growing media are a lucrative exports industry. The industry has created an economic value for Coco peat, a byproduct of coir manufacturing industry, which had long been held as deleterious in terms of the fertility of land.

    Foremost among these growing media are coir grow bags, a product extensively used in greenhouses...

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  • Improving Sri Lanka’s Rubber Sector with New Breeds and Varieties

    11/01/2017

    02/01/2017
    Improving Sri Lanka’s Rubber Sector with New Breeds and Varieties

    Sri Lanka, the cradle of the global rubber revolution and one of the eleven natural rubber growing countries in the world, only holds the tenth position among the eleven members of the Association of Natural Rubber Producing Countries (ANRPC) mainly due to the low production and yield of natural rubber.

    Due to the low yield in Sri Lankan rubber plantations and to the rising amounts of domestic consumption, Sri Lanka’s rubber exports have diminished from 120,900 metric tons in 1980 to a mere 16,300 metric tons in 2014, as per the statistics provided by the Rubber Research Institute of Sri Lanka.

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  • EDB impetus for product, tech upgrade for the export sector

    10/01/2017 Daily News

    02/01/2017
    EDB impetus for product, tech upgrade for the export sector

    The export sector of Sri Lanka which contributes nearly 20% to the country’s GDP, plays a vital role in achieving the development objectives of the government in terms of, employment generation poverty alleviation and enhancing foreign exchange earnings.

    The Government is pursuing an outward looking economic policy and is taking measures to integrate with the rest of the world to connect and compete to reach wider market access through deepening the existing FTAs with India and Pakistan, working on new trade agreements with Asian economies like China and Singapore and possible preferential trade agreements with Thailand, Malaysia and Turkey. All the above and the restoration of GSP+ in the year 2017 and initiatives to boost trade with USA will open up new opportunities for the export sector.

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  • EDB unveils ‘Info Point’ kiosk to enhance productivity

    09/01/2017 Daily FT

    02/01/2017
    EDB unveils ‘Info Point’ kiosk to enhance productivity

    EDB Chairperson Indira Malwatte unveiling the ‘Info Point’ kiosk at the ground floor of NDB-EDB Tower, while EDB officials look onThe Export Development Board (EDB) last week launched a self-service information kiosk, EDB Info Point, to facilitate walk-in visitors to promptly obtain information of its services.

    The use of the EDB Info Point will help exporters, potential exporters and the general public who visit EDB to obtain information about intended services such as product exports, market trends and trade statistics and to find a relevant contact point to acquire their requirements in an effective and efficient manner.

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  • To Coincide with H.E. the president's visit EDB facilitated B2B and product display at Sri Lanka Business forum in Malaysia

    02/01/2017 EDB Media

    02/01/2017
    To Coincide with H.E. the president's visit EDB facilitated B2B and product display at Sri Lanka Business forum in Malaysia

    The EDB facilitated Sri Lankan leading exporters to have fruitful discussions with Malaysian counterparts during the Business Forum themed “Mutual Business Opportunities between Sri Lanka & Malaysia” which was held on the 15th of December, 2016 at the Intercontinental Hotel in Kuala Lumpur with the participation of more than 300 top businessmen from Malaysia.

    A Sri Lankan product display was organized during the Business Forum showcasing high quality exportable products viz Ceylon Tea, Virgin Coconut oil, Cashew, Confectionery products, Gems & jewellery, Porcelain Tableware and Handicrafts.

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