• Merchandise and service exports up 15% to $ 17 billion in 2018

    04/01/2019 Daily FT

    02/01/2017
    Merchandise and service exports up 15% to $ 17 billion in 2018

    Sri Lanka’s merchandise and service exports in 2018 are estimated to have hit an all-time high of $ 17 billion, up 15% from a year earlier prompting the Government to be confident of achieving the $20 billion milestone this year.

    Labels : Blog Archive

    Read more
  • Regulations Governing Direct Business to Consumer (B2C) eCommerce Transactions

    04/01/2019

    02/01/2017
    Regulations Governing Direct Business to Consumer (B2C) eCommerce Transactions

    As promulgated by the Ministry of Finance & Mass Media on June 29, 2018, a number of key regulations concerning B2C transactions on the eCommerce platform came into immediate effect on July 01, 2018. Accordingly, at EDB, we deem it fit to educate the local exporters who transact with overseas buyers...

    Labels : Blog Archive

    Read more
  • Reviving Ancient Trading Routes to Refresh Export Growth

    03/01/2019

    02/01/2017
    Reviving Ancient Trading Routes to Refresh Export Growth

    Sri Lanka will endeavour afresh to put its spices back on the global trading map with a comprehensive new plan launched in July 2018. The National Export Strategy (NES) is a coherent action plan developed by public and private sector stakeholders to elevate Sri Lanka's spice trade from a mere commodity...

    Labels : Blog Archive

    Read more
  • Regular consumption of tea may protect the elderly against cognitive impairment, study suggests

    03/01/2019

    02/01/2017
    Regular consumption of tea may protect the elderly against cognitive impairment, study suggests

    A humble cup of tea a day can keep dementia away, and this is specially so for those who are genetically at risk of developing the debilitating disease, according to a recent study led by Assistant Professor Feng Lei from the Department of Psychological Medicine at National University of Singapore's...

    Labels : Blog Archive

    Read more
  • Wellness Tourism in Sri Lanka on a Global Scale

    03/01/2019

    02/01/2017
    Wellness Tourism in Sri Lanka on a Global Scale

    As the leading tourism body in the nation to drive the growth of the tourism sector in the country, Sri Lanka Tourism Promotion Bureau contributes to promote destination Sri Lanka with its continual tourism promotional campaigns, events, and consumer fairs and international press trips. Tourism in Sri...

    Labels : Blog Archive

    Read more
  • Port of Colombo handles record-breaking seven millionth TEU

    01/01/2019 Daily FT

    02/01/2017
    Port of Colombo handles record-breaking seven millionth TEU

    Marking a major milestone, the Port of Colombo handled its seven millionth TEU yesterday, 31 December.

    A special function was held at the Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA) to celebrate the handling of the seven million mark. The function was attended by Minister of Ports, Shipping and Southern Development Sagala Rathnayake and Ministry of Ports, Shipping and Southern Development Secretary and Sri Lanka Ports Authority (SLPA) Chairman Dr. Parakrama Dissanayake. 

    Labels : Blog Archive

    Read more
  • Discovering Sri Lanka's own Brand of Wellness

    27/12/2018

    02/01/2017
    Discovering Sri Lanka's own Brand of Wellness

    With the concept of wellness becoming a buzzword in the world, the tourism industry has capitalized on its potential by offering travel experiences that have health and well-being as a core component.

    Labels : Blog Archive

    Read more
  • Enhancing Capabilities of the Footwear Industry to Maximize benefits under International Trading Arrangements

    27/12/2018 Daily FT

    02/01/2017
    Enhancing Capabilities of the Footwear Industry to Maximize benefits under International Trading Arrangements

    The Footwear and Leather sector has been identified as a potential sector by way of creating employment opportunities and earning and saving foreign exchange earnings. Since the local market is limited, exports are essential for the sustainability of the industry. This industry clearly has a significant potential for being a key contributor to the economy of the country, if empowered by appropriate support and guidance. At Present the footwear and Leather industry and its supporting industries including marketing chain employs around 250,000 people directly and indirectly. Sri Lanka’s exports of this sector was US$ 131.38 million and exports to EU was US$ 38.52 million in 2017.

    Labels : Blog Archive

    Read more
  • Major Driving Forces in the Processed Food & Beverages Sector

    26/12/2018

    02/01/2017
    Major Driving Forces in the Processed Food & Beverages Sector

    The processed food and beverages sector is one of the world's largest industries, and manufactures a wide range of food and drinks to cater to the growing needs of the global population.

    Labels : Blog Archive

    Read more
  • The Role of Trade Information & Promotion Support Function Under the NES

    26/12/2018

    02/01/2017
    The Role of Trade Information & Promotion Support Function Under the NES

    Trade Information & Promotion (TIP) is no doubt the most vital Trade Support Function in the National Export Strategy (NES) which will strengthen the capacities and efficiencies of Sri Lankan entrepreneur's market-entry.

    Labels : Blog Archive

    Read more
  • Sri Lanka: the next Maritime Logistics and Distribution Hub in the Indian Ocean

    26/12/2018

    02/01/2017
    Sri Lanka: the next Maritime Logistics and Distribution Hub in the Indian Ocean

    Sri Lanka harbours the aspirations to become South Asia's foremost maritime, logistics and distributions hub considering its geographical position in South Asia, which is located at the crossroads of the fastest-growing region of the world that generates the competitive edge over the other regional players.

    Labels : Blog Archive

    Read more
  • Insights from the Apparel Sector to Make NES a Success

    21/12/2018

    02/01/2017
    Insights from the Apparel Sector to Make NES a Success

    The momentum that was created in the 1970s, actually was centred around a totally different economic philosophy, where the survival of the economy would depend, not on the creation of industries within the country for domestic consumption, but on export capabilities.

    Labels : Blog Archive

    Read more
  • Sri Lanka to reinstate its Trade Heritage with National Export Strategy (NES)

    21/12/2018

    02/01/2017
    Sri Lanka to reinstate its Trade Heritage with National Export Strategy (NES)

    In a strategy to reinvigorate Sri Lanka's potential as an Export Hub, the Government of Sri Lanka has formulated a five-year plan that promises to put the country on an equal footing with some of the leading economies of Asia.

    Labels : Blog Archive

    Read more
  • Fundamentals of Green Construction

    17/12/2018

    02/01/2017
    Fundamentals of Green Construction

    Green construction, an upcoming concept to the global construction sector itself, is an area that is booming by the day. Green construction essentially refers to both a structure and the using of processes that are environmentally responsible and resource-efficient throughout a building's life cycle: from designing, construction, operation, maintenance, renovation, and demolition.

    Labels : Blog Archive

    Read more
  • Exciting Prospects for Construction Service Exports from Sri Lanka

    17/12/2018

    02/01/2017
    Exciting Prospects for Construction Service Exports from Sri Lanka

    Gaining momentum from the rapid development emerging in Asia and Africa, Sri Lanka's promising construction exports sector is a sphere that has been growing from strength to strength in recent years.

    Labels : Blog Archive

    Read more
  • Cinnamon essential oil could disrupt bacterial biofilms and make infections easier to treat

    14/12/2018

    02/01/2017
    Cinnamon essential oil could disrupt bacterial biofilms and make infections easier to treat

    Bacterial biofilms lead to serious health care complications associated with increased morbidity and mortality. There is a great need to discover and develop new biofilm inhibitors from natural products or by modifying natural compounds or understanding the modes of action of existing compounds.

    Labels : Blog Archive

    Read more
  • EDB Promotes Sri Lanka Apparel in France to maximize benefits under GSP+

    14/12/2018 EDB Media

    02/01/2017
    EDB Promotes Sri Lanka Apparel in France to maximize benefits under GSP+

    EDB in its efforts to increase apparel exports to EU,  organized  an apparel promotion programme in France by participating at the  “Apparel Sourcing Paris 2018” which is the  leading sourcing trade fair held in Europe for the second consecutive year in collaboration with the Sri Lanka Embassy in France.

    Labels : Blog Archive

    Read more
  • CICT to enhance Colombo Port’s deep water capacity by March 2019

    14/12/2018 Daily FT

    02/01/2017
    CICT to enhance Colombo Port’s deep water capacity by March 2019

    Colombo International Container Terminals (CICT) yesterday announced a significant equipment addition that will enhance the terminal’s deep water capacity and make Colombo one of the few ports in Asia capable of handling vessels of 22,000 + TEUs. The Company said the enhancement encompasses the addition of two new mega Quay Gantry Cranes (QGCs), six new Rubber-tyred Gantry Cranes (RTGs) and 12 Prime Movers, and is planned for completion by March 2019. CICT’s existing QGCs are the biggest gantry cranes in the Indian Subcontinent region, and the addition of two even larger twin-lift QGCs from Zhenhua Port Machinery Company (ZPMC), a global leader in quayside container cranes, will further strengthen the Port of Colombo’s hub status, the Company said.

    Labels : Blog Archive

    Read more
  • Colombo Test Automation Conference 2018

    13/12/2018

    02/01/2017
    Colombo Test Automation Conference 2018

    Image Source: Daily FT

    The Colombo Test Automation Conference (CTAC 2018) organised by SLASSCOM Quality Circle for the third consecutive year in Sri Lanka to provide a platform to all the test automation professionals to meet, present and challenge ideas was held on November 14, 2018 at BMICH, BCIS Auditorium, Colombo.

    Labels : Blog Archive

    Read more
  • Sri Lanka to tap all energy sources for power generation

    13/12/2018 EDB Media

    02/01/2017
    Sri  Lanka to tap all energy sources for power generation

    Sri Lanka is working towards deriving maximum power generation from all spectrums of energy sources while minimizing the environmental impact it will cause. “It is important to tap all the power resources to generate the necessary supply and we are considerate of the environmental impact in doing so. Therefore, measures will be taken to mitigate the impact on the environment,” While the government is keen on working towards 100 percent electrification of households in the country, it has provided electricity to all the households requesting power.

    Labels : Blog Archive

    Read more