Keep Abreast With the Exports and Exporters in Sri Lanka

Vehicle Carrier, Glovis Sun sailing under the Marshall Islands flag, helped the Hambantota International Port (HIP) to reach its highest discharge volumes to date, when 5,000 transshipment units were discharged in record time last month. The discharge operation was completed 22 hours prior to the expected time and the vessel was able to depart well before schedule the following day.

Global logistics service provider, Expolanka Freight Ltd. (EFL), has announced that it has implemented its first wave of transformative Robotic Process Automation (RPA) across all its distribution centres and Freeport to support day-to-day operations, making it the first 3PL to have achieved this in Sri Lanka. Through this move to automate repetitive processes across its portfolio, the country’s most dynamic supply chain services vendor has further strengthened its position at the cutting edge of logistics innovation, adding even greater value to its business offering.

Sri Lanka participated in the Arabian Travel Market (ATM 2019), the largest annual professional and official exhibition for the Tourism market in the Middle East last week.

The tourism industry which suffered economic losses due to the Easter Sunday attacks, looks forward to regain its lost position sooner than expected with the support of the Government.

Cisco Systems Inc said it is rolling out hardware for the next generation of Wi-Fi standards, giving a core part of its $28.2 billion infrastructure business a refresh and in the process aiming to garner more software revenue.

Consulate General of Sri Lanka in Sydney along with BOV Capital, Colombo and Grant Thornton, Sydney organised an investor forum showcasing the Start-up Ecosystem in Sri Lanka on Wednesday 17 April. Over 50 entrepreneurs who are keen to understand and look at investment potential in the Lankan Start up Ecosystem participated in the investor forum and the business networking.

Sri Lanka Telecom (SLT), the national ICT solutions provider, entered into a partnership with AsiaInfo International Ltd., a leading IT solutions and service integrator in the global communications industry, to introduce digital products and solutions to the Sri Lankan market.

Japan IT Week is one of the world’s leading ICT/BPM-focused exhibitions and provides a myriad of opportunities for professionals, vendors, service providers and customers to meet exhibitors from across the world and develop profitable business relationships. Japan has a strong track record of innovation, making Japan IT Week the ideal platform for Sri Lankan companies to showcase their offerings, establish business relations and expand their footprint in the continent.

Initiative of upward tariff revision by the SLPA has become a controversial matter raising many concerns of exporters/importers during tough times where Sri Lanka is trying to find their position back in the world map as a competitive exporter. However, the SLPA seems adamant to go-ahead with this implementation disregarding the concerns raised by the industry sources revealed. Though the players who are engaged in the international trade continuously insisted that, rates remain unchanged, it is unfortunate that the Authorities are still trying to act in favor of the upward revision.

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, demonstrated industrial applications of 5G at their live 5G showcase at Dialog Iconic. The showcase was launched on the 2nd of April in the presence of Minister of Telecommunication, Foreign Employment and Sports, Harin Fernando, Minister of Digital Infrastructure and Information Technology, Ajith P. Perera and the High Commissioner of Malaysia to Sri Lanka Tan Yang Thai.

Capitol TwinPeaks, the flagship residential venture of the Sanken Group, located on the Beira lakefront in Colombo 2, showcased its premium project at the SMART Investment & International Property Expo in Singapore, on 30 and 31 March.

Oceanpick’s Barramundi farming facility in Trincomalee is the only offshore aquaculture operation in Sri Lanka

Sustainable oceanic fish farm Oceanpick Ltd. has been awarded the Best Aquaculture Practices (BAP) certification, making Sri Lanka a pioneer in South Asia - and only the 34th country in the world - with a BAP-certified facility.

The 18th Exporters Forum Chaired by Hon. Nalin Bandara, Deputy Minister of Development Strategies and International Trade was held on 3rd April, 2019 at the EDB Auditorium.

The Maldives National Association of Construction Industry along with Lanka Exhibition & Conference Services Ltd. is proud to present Buildex Maldives 2019, to be held on 22, 23 and 24 August in Malé.

Sri Lanka Export Development Board (EDB) together with the Singapore Cooperation Enterprise (SCE) commenced a series of programmes comprising workshops, seminars, etc. to enhance the capacity of selected Government Officials focussing on improving exports through innovation, research and development.

The EDB is implementing a national programme to nurture 2000 new entrepreneurs to become exporters during the period 2017 - 2022 at regional level. The main objective of this programme is to encourage domestic enterprises to invest in export industries to achieve the overall export target of US $ 28 billion in 2022. Simultaneously new entrants have gained opportunities in the international marketing experience.

Global giant Huawei yesterday (18-03-2019) reiterated its commitment to Sri Lanka, a regional hub for innovation and core business segments delivering good growth with potential for more.

Microsoft and IDC announced via media release the results of a survey where more than 1,600 business leaders and over 1,580 workers across 15 markets in Asia Pacific were asked about the impact of artificial intelligence (AI) on society, business and the economy. The study involved 1,605 business leaders (strategic decision-makers of organisations with 250+ staff) and 1,585 workers (non-decision-makers with an understanding of AI) over a range of industries in 15 markets – namely, Australia, China, Hong Kong, Indonesia, India, Japan, Korea, Malaysia, New Zealand, Philippines, Sri Lanka, Taiwan, Thailand and Vietnam.

With the launch of Sri Lanka’s “National Export Strategy” (NES) in 2018, the Government of Sri Lanka (GoSL) along with the Sri Lanka Exports Development Board (EDB) is paving the way for the country to move towards an export-led economic strategy. The ICT/ BPM sector will be a cornerstone in this overall strategy as it aims to generate USD 5 billion in export revenue, while creating 200,000 jobs and 1,000 start-ups by 2022.

Digital Infrastructure & Information Technology Minister, Ajith P. Perera, said development technology and e-government will soon be a reality in Parliament and government departments. The future will be that delays and excuses for inefficiency will no longer be tangible escape bungs that stifle progress.