• Lankan boats get international exposure

    20/07/2014 Ceylon Today

    02/01/2017
    Lankan boats get international exposure

    Sri Lanka's boatbuilding capability for international markets will be further showcased when the Boat Show and Fisheries Exhibition 2014 will be held at the Dickowita Fisheries Harbour from 10-12 October.

    Also coinciding with this event will be the International Council of Marine Industry Associations (ICOMIA) regional parley, which will be held at the Pegasus Reef Hotel, also from 10-12 October. Both events will be hosted by the Sri Lanka Export Development Board (SLEDB) in collaboration with the Boat Building Technology Improvement Institute (BTI) and the Building A Future (BAF) Foundation.

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  • Rapid growth in IT/BPM revenue

    13/07/2014 nation.lk

    02/01/2017
    Rapid growth in IT/BPM revenue

    SLASSCOM says untapped potential lies outside Fortune 500 firms Sri Lanka has witnessed a brisk growth in export revenue in the field of Information Technology and Business Process Management (IT/BPM) with revenue for 2013 estimated to have increased to US$ 720 million from US$ 605 million in 2012 and projected to rise to US $850 million by end this year. According to a recent industry report by the Sri Lanka Association of Software and Service Companies (SLASSCOM), the primary IT/BPO business association in Sri Lanka, the industry has shown an impressive revenue growth trend of about 238% since year 2007 whilst total employment grew from 33,700 in 2007 to an estimated 75,100 employees in 2013, and the number of companies in the industry grew from 170 in 2007 to over 220 in 2013.

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  • Cinnamon could fight Parkinson’s

    13/07/2014 Sunday Times

    02/01/2017
    Cinnamon could fight Parkinson’s

    Cinnamon could be a secret weapon in the battle against Parkinson’s disease. Scientists have found that the spice is the source of a chemical that can protect the brain.

    Our liver converts cinnamon into sodium benzoate, an approved drug used in the treatment for neural disorders.

    In a study of mice at Rush University Medical Centre in Chicago, a team of researchers found that the chemical then enters the brain, stops the loss of proteins that help protect cells, protects neurons and improves motor functions.

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  • UAE lifts ban on Sri Lanka's export of chicken, eggs

    11/07/2014 Daily News

    02/01/2017
    UAE lifts ban on Sri Lanka's export of chicken, eggs

    The UAE government announced the lifting of the ban on Sri Lanka's export of chicken and eggs to the UAE market with immediate effect. UAE had previously imposed a blanket ban on Asian countries including Sri Lanka, covering the export of chicken meat and eggs due to Notifiable Avian Influenza (NAI).

    Sri Lanka made a presentation to the Animal and Agricultural Affairs of the UAE Water and Environment Ministry to lift the ban as Sri Lanka is now free of Avian Influenza.

    Industry and Commerce Ministry Commerce Department officials took up the matter through the Sri Lanka Consulate General in Dubai and submitted the documents with the support of the Department of Animal Production and Health, Peradeniya and the Industry stakeholders to UAE authorities to prove that Sri Lanka is now free of Avian Influenza.

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  • Colombo hosts historic Lanka-Belarus trade talks

    11/07/2014 Daily FT

    02/01/2017
    Colombo hosts historic Lanka-Belarus trade talks

    The first-ever Sri Lanka-Belarus official trade talks commenced in Colombo yesterday amidst avowed assertions from both sides towards forging sustainable trade links while making inroads to the huge ‘New Asian’ and upcoming Eurasian Union markets. The first Colombo talks have now paved the way for a prospective future visit of the President of Belarus to Sri Lanka.

    “I am pleased to note that Belarus is Sri Lanka’s first gateway to the promising EEU new single market. Our Free Trade Agreements with Pakistan and India have opened gateways to a South Asian market of 1.2 billion. Equally important is Sri Lanka’s forthcoming FTA with China. Therefore, we invite you to partner with Sri Lanka and take advantage of the new Asian opportunity,” said Minister of Industry and Commerce Rishad Bathiudeen on 9 July in Colombo.

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  • First ever Lanka-Belarus bilateral trade meeting begins today

    09/07/2014 news.lk

    02/01/2017
    First ever Lanka-Belarus bilateral trade meeting begins today

    First ever bilateral trade meet between Sri Lanka and a key member of upcoming Eurasian Economic Union (EEU) starts tomorrow 09 July in Colombo. “Our newest trade effort with Balarus strengthens the historic relations and more importantly, gives us direct access to the world’s newest single economic market” said  Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) onTuesday (08).

    Minister Bathiudeen was in discussions with his officials on the first ever Sri Lanka-Belarus Joint Commission on Trade and Economic Cooperation to be held in Colombo on 9-10 July with the participation of  Valentin B. Rybakov, Deputy Minister of Foreign Affairs, Belarus.  Deputy Minister Rybakov arrived in Sri Lanka Tuesday (08) leading a 20 member strong official delegation of the Government of Belarus, for this historic trade meeting.

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  • Sri Lanka takes first step aiming $20B Export target by 2020

    07/07/2014 news.lk

    02/01/2017
    Sri Lanka takes first step aiming $20B Export target by 2020

    Sri Lanka in a bid to achieve its $ 20 B export target by 2020, handed over on July 01, the task of producing an initial way forward blueprint by August to an international consultancy firm.

    “Today we are launching the first step of EDB’s Strategic Plan creation which aims to achieve $ 20 Bn by 2020. Hilmy’s enormous experience and expertise will definitely enhance the total process of EDB in a positive way” said Bandula Egodage (Chairman/CEO, EDB) addressing the session on July 01..  He further said, " We also thank VEGA USAID for the contribution towards this initiative. We all know that our national target is $ 20 Bn by 2020 but there is a big mismatch-our current export strategic plan ends in 2015 and there is a strategy gap from 2015-2020; We are launching today’s initiative to bridge this gap and draw the plan till 2020 to complete this in a professional and a focused way.”

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  • Sri Lanka biz forum in Israel a success

    07/07/2014 Daily FT

    02/01/2017
    Sri Lanka biz forum in Israel a success

    A successful business forum from Sri Lanka consisting of 40 business leaders led by Deputy Minister of External Affairs, Sri Lanka Neomal Perera, who himself is a business leader completed a successful forum interacting with business leaders, L.R. Group, Sri Lanka-Asia Chamber of Commerce and the community on various aspects including tourism, hi-tech, water, energy, medical, apparel, employment, agriculture, greenhouse cultivation, dairy, fish, flowers, diamonds, gems, jewellery, rubber, education and other topics suggested by prospective delegates.

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  • Hashemite Kingdom renews trade, wants to re-activate JC right away

    02/07/2014 Asian Tribune

    02/01/2017
    Hashemite Kingdom renews trade, wants to re-activate JC right away

    The Hashemite Kingdom wants to renew its trade with Sri Lanka-with no less than a Joint Commission meet at its end. “Let us now get really practical. It is time to activate 2007 Agreement and start vigorous bilateral trade. We are open to all suggestions from Sri Lanka” said a keen Ambassador Hassan Al Jawarneh (Delhi based Ambassador of Hashemite Kingdom of Jordan to Sri Lanka) on 01 July in Colombo.

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  • ‘Lanka handlooms special’-Int’l Design Expert

    01/07/2014 Asian Tribune

    02/01/2017
    ‘Lanka handlooms special’-Int’l Design Expert

    Just as the US demand for Lankan handlooms surged, an international design expert called on 30 June the country to further strengthen its design and promotion capacities-and Sri Lanka’s handloom designs continue to have a special identity.

    “Sri Lanka has been known for its handloom textiles. Sri Lanka, rather than moving into fast fashion handloom cycles, can elevate its special handlooms brand by building competence and international promotion efforts” said Jennifer Shellard (Visiting Lecturer, Woven Textile Department of London’s University of Creative Arts) on 30 June in Colombo.

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  • UK expert to inaugurate handloom design program

    30/06/2014 Lanka Business Today

    02/01/2017
    UK expert to inaugurate handloom design program

    A programme on ‘Design Development for Sri Lanka’s Handlooms’ will take place at the Export Development Board auditorium today, June 30 at 9.30am.

    It will be inaugurated by International Design Expert Ms Jennifer Shellard of the United Kingdom.

    Sri Lanka's handloom textile industry is centuries old, the 6th century BC according to Mahavansa, when Prince Vijaya from India landed at Manthota (Mannar) in Sri Lanka. History records that when he found Kuveni, whom he eventually married, she was spinning yarn. And that tradition continues to the present era as weaving handloom textiles.

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  • SRI LANKA: Apparel exports exceed $4bn target Share on facebook Share on twitter Share on email Share on print More Sharing Services

    25/06/2014 Daily FT

    02/01/2017
    SRI LANKA: Apparel exports exceed $4bn target  Share on facebook Share on twitter Share on email Share on print More Sharing Services

    Sri Lanka's apparel and textile sector exported a record US$4.3bn in 2013 and its Joint Apparel Association Forum (JAAF) has predicted overseas sales will continue rising this year. The JAAF president Noel Piyatilake told just-style the industry is targeting an ambitious target of US$6bn in exports...

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  • EDB Starts Work On Latest Global Market Fair Trade Call

    25/06/2014 Daily FT

    02/01/2017
    EDB Starts Work On Latest Global Market Fair Trade Call

    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.

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  • AWARENESS SEMINAR/WORKSHOP ON FRUITS & VEGETABLES FOR THE EXPORT MARKET-NCP

    25/06/2014 Daily FT

    02/01/2017
    AWARENESS SEMINAR/WORKSHOP ON FRUITS & VEGETABLES FOR THE EXPORT MARKET-NCP

    The North Western Provincial office of the Sri Lanka Export Development Board, successfully conducted the awareness seminar/workshop on fruits & vegetables for the export market on 24th March 2014 in Anuradhapura with the participation of 115 fruits & vegetable farmers in North Central Province. The programme was organized by NWP-EDB with the assistance of Department of Agriculture, National Plant Quarantine Service and Lanka Fruits & Vegetable Producers, Processors & Exporters Association.

    The main objective of conducting this seminar was to increase the capacity of Fruits & Vegetable farmers in the North Central Province by way of enhancing Technical/Market awareness and facilitating linkages between farmers and exporters in order to develop consolidated supply base of quality fruits & vegetables for exports from Regions.

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  • Sri Lanka Shines at 2nd China-South Asia Expo in Kunming

    24/06/2014 Daily FT

    02/01/2017
    Sri Lanka Shines at 2nd China-South Asia Expo in Kunming

    The Sri Lanka Export Development Board (SLEDB) in collaboration with the Embassy of Sri Lanka in Beijing organised the Sri Lanka Pavilion at the 2nd China-South Asia Expo in Kunming, China from 6 to 10 June with the participation of 135 Sri Lankan companies, displaying and promoting Sri Lankan product sectors such as gems and jewellery, tea, batik, handicraft, coir products, Ayurvedic products and giftware.

    Minister of Industry and Commerce Rishad Bathiudeen ceremonially opened the Sri Lanka Pavilion at the expo and delivered the keynote address at the 9th China-South Asia Business Forum held on the sidelines of the 2nd China-South Asia Expo.

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  • Dutch Push For Lanka’s Hi-tech Exports

    23/06/2014 Asian Tribune

    02/01/2017
    Dutch Push For Lanka’s Hi-tech Exports

    Sri Lanka is leveraging ICT exports to achieve its $20 B goal of 2020. And a new support initiative by the Netherlands is set to elevate Lankan software exporters to latest tech developments. “The government is highly focused on ICT sector as a forex earner and export driver. We cannot ignore ICT if we are to achieve any progress” said Bandula Egodage (Chairman/CEO of EDB) on 19 June in Colombo.

    Chairman Egodage was addressing the two day-hands on interactive session “Website Enhancement and Online Marketing ITO/BPO” organised by the EDB for Sri Lankan software manufacturing and export firms. The first ever such hands-on initiative moved by EDB was facilitated by Netherlands’ CBI (Centre for the Promotion of Imports from developing countries)-an agency of the Ministry of Foreign Affairs of the Netherlands. Joost vander Kooij and Onno Roukens, the two CBI professional consultants who specially arrived from the Netherlands to train the companies in the session helped the more than 25 Lankan participants of the session on a one-to-one basis. Among the ICT giants taking part were John Keells Computer Services, hSenid Business Solutions, 99X Technologies, Cyber Concepts, SewEasy, E-Nowave, InfoMate, Calcey Technologies, Pyxle, Allion Technologies, Dinota Information Technologies, Sanje, i-Context Content Convergence, Four Corners, Akio Information Technologies, Data Management Systems, Lanka Communication Services, E Marketing Eye, and Perfect Business Solution Services.

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  • Export Earnings Increase in April, Rupee Stable

    23/06/2014 Daily News

    02/01/2017
    Export Earnings Increase in April, Rupee Stable

    Sri Lanka’s external sector strengthened further in April 2014, with continued foreign currency inflows in the form of earnings from exports, tourism, workers’ remittances, as well as inflows to the financial account, the Central Bank said on Friday.
    The trade deficit continued to narrow during the first four months of 2014 as a result of healthy growth in exports. The contraction of the trade deficit and higher inflows to services and income accounts contributed to reducing the current account deficit. These developments, together with inflows to the financial account have resulted in a higher surplus in the BOP by end April 2014, compared to the corresponding period of 2013,the Bank said.

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  • Sri Lanka's Fish Export Up By 20% in 2014 1Q

    19/06/2014 news.lk

    02/01/2017
    Sri Lanka's Fish Export Up By 20% in 2014 1Q

    Fish and fishery product sector plays an important role in Sri Lanka’s Social and economic life. The Sector contributes about 2.7% to country’s GDP.End of the civil unrest detained three decades in the country, fisheries sector has a significant scope to increase the level of contribution through exploiting high seas for tuna fishing & value addition.

    Sri Lanka’s main fishery export products include tuna, fresh chilled and frozen form, shrimps & prawns, crabs and lobsters.Other than the above shark fins, fish maws, beche-de-mer, cuttle fish & squid, sprats are also exports mostly to the Asian markets. United Kingdom is the main market for Sri Lankan tuna followed by France, Italy, Netherlands, Germany etc.

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  • SL Apparel Industry in a Global Context and Future Fortunes

    17/06/2014 Daily Mirror

    02/01/2017
    SL Apparel Industry in a Global Context and Future Fortunes

    The Sri Lankan apparel trade today is well renowned around the world to be the most cutting-edge and innovative when it comes to apparel manufacturing.

    With a very long history of manufacturing in the island and throughout the challenges which this industry has faced to this day, the garment manufacturing  stands much stronger than it has been ever before where the exports from this industry within a year increased by 11 percent (which was the biggest increase annually in 2013 compared with initial years) and by end November 2013 the exports earnings from this industry in Sri Lanka stood at US $2.876 billion, which is a substantial amount of foreign exchange bought into the country by a single industry.

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  • Rise in coconut product exports

    03/06/2014 Daily News

    02/01/2017
    Rise in coconut product exports

    Sri Lanka’s coconut related exports increased by 86 percent during the first quarter of this year compared to 2011, Coconut Development and Janatha Estate Development Ministry sources said yesterday.

    The Coconut Development and Janatha Estate Development Ministry was established in 2011 as a new Cabinet ministry. According to ministry statistics, during the first quarter of this year, Sri Lanka earned over Rs. 5,090 million from coconut related products, an 88 percent increase from the same period in 2011.

    In the first quarter of 2011 it was Rs. 2,115 million. It increased annually and the total coconut related products export revenue in 2013 stood at Rs. 44,952 million. Sri Lanka exports 35 coconut related products to 135 countries.

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