• Sri Lanka to participate in Expo Milano 2015 in Italy

    26/03/2015 news.lk

    02/01/2017
    Sri Lanka to participate in Expo Milano 2015 in Italy

    Sri Lanka government will participate in the universal exposition "World Expo 2015". "Expo Milano 2015" World Trade Fair that will be held from 1st May to 31 October 2015, at World Avenue and Biodiversity Park in Milan, Italy with the objective of promoting Trade and Tourism.

    The participation consist of Sri Lanka Export Development Board, Sri Lanka Tea Board, National Gem & Jewellery Authority, National Crafts Council, Department of Commerce together with Sri Lanka Tourism under the auspicious of Ministry of Industry and Commerce.

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  • CEMS-Global’s 3 intl. expos for textile and garment sector kick off

    13/03/2015

    02/01/2017
    CEMS-Global’s 3 intl. expos for textile and garment sector kick off

    CEMS-Global USA’s three comprehensive international exhibitions focused on the entire textile and garment sector of Sri Lanka – ‘6th Textech Sri Lanka 2015 International Expo,’ an international exhibition on textile garment technology and machinery,’ along with concurrent exhibitions ‘20th Dye+Chem Sri Lanka 2015 Int’l Expo,’ an int’l exhibition on dyes and fine and specialty chemicals, and ‘6th Colombo Int’l Yarn & Fabric Show 2015’ kicked off yesterday at the Sri Lanka Exhibition & Convention Centre (SLECC), Colombo. The exhibitions will run through 14 March.

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  • Sri Lanka’s gem industry calls for increasing export earnings through value addition: EDB

    11/03/2015

    02/01/2017
    Sri Lanka’s gem industry calls for increasing export earnings through value addition: EDB

    Sri Lanka’s coloured stone industry which is the fourth largest export earner in the island should export more value addition gems to contribute better to the country’s’ export earnings , a senior official at Export Development Board (EDB) said.

    “We are doing our best to achieve the highest value added gem market,” Bandula Egodage, chariman and chief executive of Sri Lanka Export Development Board said.

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  • Sri Lanka Targets US $8.5 Billion in Apparel Exports Earnings by 2020

    10/03/2015

    02/01/2017
    Sri Lanka Targets US $8.5 Billion in Apparel Exports Earnings by 2020

    Sri Lanka’s apparel industry is well on its path to meet the apparel export target of US $8.5 billion by 2020. Apparel exports which bring the largest export income to the country have recorded an increase of 9.26% YoY by earning US $4.9 billion in the year of 2014. In 2013, earnings from apparel rose by 13% YoY, recording a $4.5 billion surpassing the US $4 billion target initially set by the apparel industry.

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  • Ceylon Cinnamon reigns supreme in the global Cinnamon market

    04/03/2015

    02/01/2017
    Ceylon Cinnamon reigns supreme in the global Cinnamon market

    Sri Lanka is the largest producer of Pure Cinnamon in the world accounting for 70% of the global production. The Ceylon Cinnamon (Cinnamomum zelanicum) referred to as “sweet cinnamon” and “true cinnamon” is considered superior to the variety known as Cassia in the global market.

    Since Sri Lanka is the birthplace of true cinnamon, all the customs, traditions, culture and technology associated with cinnamon are well integrated as a heritage to the socio economy of our nation.

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  • GSP+, fisheries recovery, stronger FTAs under focus in 100-day push

    26/02/2015

    02/01/2017
    GSP+, fisheries recovery, stronger FTAs under focus in 100-day push

    The recovery of export streams and markets damaged through neglect and weak international relations is a major priority in Sri Lanka’s ‘100-day Global Trade Blueprint’, which was unveiled for the first time in Colombo.

    The new Government also revealed that Sri Lanka’s exports as a share of GDP, is not at a low of 15% as generally believed but is at 20%.

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  • DSI Dominates Design Awards, bagging Best Design Award at Footwear and Leather Fair 2015

    20/02/2015

    02/01/2017
    DSI Dominates Design Awards, bagging Best Design Award at Footwear and Leather Fair 2015

    The Sri Lankan footwear market leader, DSI dominated the Design Award Ceremony held on 8th February 2015 at BMICH. Held parallel to the Footwear and Leather Fair 2015, which was held from 6th to 8th February at the BMICH, the Awards Ceremony celebrated the best and brightest of the industry. The exhibition was organised jointly by the Sri Lanka Export Development Board (EDB) and Industrial Development Board (IDB) in collaboration with the Footwear and Leather Goods Manufacturers Association in Sri Lanka as an endeavour to assist and upgrade the local manufacturers and designers.

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  • Sri Lanka’s EDB opens online portal for service exporters

    18/02/2015

    02/01/2017
    Sri Lanka’s EDB opens online portal for service exporters

    Sri Lanka's Export Development Board (EDB) said that it has opened a web portal for service exporters as a one stop for them to link with international partners.

    The portal named as www. srilankaservicexport.com is free for exporters, the EDB said in a media statement.

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  • Larger presence of Sri Lankan exporters at Gulfood 2015 in Dubai

    13/02/2015

    02/01/2017
    Larger presence of Sri Lankan exporters at Gulfood 2015 in Dubai

    Fifty Sri Lankan companies participated at the Gulfood 2015 in Dubai from 8-12 February displaying food and beverage products such as tea, spices, processed food, soft drinks, biscuits, virgin coconut oil, dried fruit, herbal products, etc.

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  • Sri Lanka’s gem industry eyes recovery

    11/02/2015 The Island

    02/01/2017
    Sri Lanka’s gem industry eyes recovery

    A $1bn revenue target is spearheading Sri Lanka’s efforts to solidify its place as a key source market for gemstones and jewellery, although flat global sales of luxury goods, coupled with labour shortages, risk hindering the country’s efforts.

    Sri Lanka is home to 70 of the world’s 200 varieties of coloured stones, including its best-known export, the Ceylon sapphire. Estimates suggest that 80-90% of the country’s rock formations could hold gem deposits.

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  • Sri Lanka's exports increase 9 percent in December pushing 2014 total to US$ 11 billion

    10/02/2015

    02/01/2017
    Sri Lanka's exports increase 9 percent in December pushing 2014 total to US$ 11 billion

    Sri Lanka's merchandise exports continued on its growth trend in 2014 to a total of over US$ 11 billion with an increase of 9 percent in the month of December, the Export Development Board (EDB) reported.

    According to the latest data from the EDB, Sri Lanka's exports for 2014 rose 6.67 percent from the previous totaling US$11.079 billion. The figure, which only represents earnings from provisional merchandise, is expected to rise when the service exports values included.

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  • Sri Lanka’s footwear & leather exports double within a year

    06/02/2015

    02/01/2017
    Sri Lanka’s footwear & leather exports double within a year

    Rishad Bathiudeen (Minister of Industry & Commerce of Sri Lanka-centre) and Champika Premadasa (Deputy Minister of Industry & Commerce of Sri Lanka-second from right) inspect an item on display at the Seventh Edition of Footwear and Leather Fair by EDB at BMICH on 06 February

    Sri Lanka’s footwear and leather exports have doubled within a short period of one year and posted the highest revenues so far in recent times-and the sector lauds praise on the Industry and Commerce Minister for the provision of first modern tannery complex for them, as reported on 06 February.

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  • Footwear and Leather Fair on February 6 - 8

    02/02/2015

    02/01/2017
    Footwear and Leather Fair on February 6 - 8

    The seventh edition of Footwear and Leather Fair Exhibition organized by the Ministry of Industry and Commerce in association with Sri Lanka Export Development Board will be held from February, 6 - 8, 2015 at Sirimavo Bandaranaike Exhibition Centre –BMICH.

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  • A heritage of excellence: the wonderful history of Ceylon Tea

    22/01/2015

    02/01/2017
    A heritage of excellence:  the wonderful history of Ceylon Tea

    Sri Lankan tea (known for generations as Ceylon Tea) carries behind it a heritage and success story like no other. The story of Ceylon tea begins over two hundred years ago, when the country was still a British colony. In 1824 a tea plant was brought to Ceylon by the British from China and was planted in the Royal Botanical Gardens in Peradeniya for non-commercial purposes. Further experimental planting of tea had begun in 1839 with tea plants brought from Assam and Calcutta through the East India Company.

    Commercial cultivation of tea commenced in Sri Lanka by the Scotsman, James Taylor. He arrived Sri Lanka in 1852 and settled down in Loolecondera estate in Kandy. Taylor visited India in 1866 to learn the basics of growing tea on plantations. Following his return, he started a 19 acre tea plantation in Loolecondera estate in 1867. Soon enough plantations surrounding Loolecondera such as Hope, Rookwood and Mooloya began transforming into tea plantations and were amongst the first tea estates established on the island. Taylor started a fully equipped tea factory in Loolecondera estate in 1872. In 1875 Taylor managed to send the first shipment of Ceylon tea to London tea auction.

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  • JITF 2015 – set to enhance the northern economy

    21/01/2015

    02/01/2017
    JITF 2015 – set to enhance the northern economy

    From left: Sanjeewa Gunasinghe, General Manager, Industrial Asphalt (Ceylon) PLC, Husnie Rauf, General Manager, Lanka Exhibition and Conference Services (Pvt) Ltd, V.K. Vignesh, President, Chamber of Commerce and Industries of Yarlpanam (CCIY), Renuka Wijesiriwardena, General Manager, Sterling Automobiles (Pvt) Ltd.

    The Jaffna International Trade Fair (JITF), the most comprehensive and ‘looked forward to’ exhibition in the North will be held for the sixth consecutive year in the heart of Jaffna from the 23rd- 25th of January 2015..

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  • Jan-Nov exports at $10 B

    31/12/2014

    02/01/2017
    Jan-Nov exports at $10 B

    Jan-Nov exports at $10 B

    Sri Lanka’s January–November exports have notched $10.1 Bn driven by 'across the board' surge and specifically led by apparel and industrial products and the crucial apparel volumes appear to be almost on its annual earnings target. “Several sub sectors including apparel and fishery have delivered and sustained our year on year growth” said Bandula Egodage, Chairman & CEO of EDB on 30 December.

    EDB Chairman Egodage was commenting on the provisional top-line export data presented to him by his Directors in Colombo on 30 December at EDB..

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  • 26 Reputed Sri Lankan Exporting Companies to Participate in Gulfood 2015

    29/12/2014

    02/01/2017
    26 Reputed Sri Lankan Exporting Companies to Participate in Gulfood 2015

    Established over 25 years, Gulfood has a well deserved reputation amongst the exporters for delivering spectacular return on investment. While being the Middle East’s leading exhibition dedicated to the food service and hospitality sectors, Gulfood is also the most influential annual Food and Hospitality show in the world. For the exporters seeking new sales from the Middle East, Africa and South Asia, Gulfood provides a trade and sourcing platform without equal, where international flavours find world-class business. With the record participation by the global companies, Gulfood is the metaphorical birthplace for a massive number of international business opportunities. Gulfood 2015 is scheduled to be held from 8th to 12th of February, 2015 in Dubai, UAE.

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  • The desiccated coconut industry – glimpses of the past, present & future

    22/12/2014 By Jagath C. Savanadasa - The Island

    02/01/2017
    The desiccated coconut industry – glimpses of the past, present & future

    The desiccated coconut industry – glimpses of the past, present & future

    Desiccated coconut (D/C), a basic by-product of coconut with limited technological input has been a foreign exchange earner for the country for a long period of time.

    There had been the usual ups and downs or changes in demand patterns for D/C over the years but the international market situation is certainly looking up currently for D/C exports. In addition prices obtainable for the product too are promising which augers well for foreign exchange earnings from this product.

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  • Lankan ICTs first entry to Slush 2015

    17/12/2014 news.lk

    02/01/2017
    Lankan ICTs first entry to Slush 2015

    In a major renewal of its economic cooperation with Sri Lanka, World’s ICT innovation leader has announced that it is ready to form a joint Business Council with Sri Lanka for the first time, as revealed on dEC.04-and Lankan ICT start-ups have received a breakthrough invitation to showcase themselves at one of world’s top-tier start-up events in 2015.

    “It is time that we establish a Finland-Sri Lanka Business Council for B2B activities. Such a mechanism will kick-start the process. We are also looking forward to see SME level Sri Lankan ICT BPM and business start-ups at the 2015 ‘Slush’ event in Helsinki” said an upbeat Matti Anttonen, Finnish Deputy Minister of External Economic Relations & Finnish Under-Secretary of State on dEC.04 in Colombo.

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  • Jan-Oct exports surge to $ 9 b

    10/12/2014 Daily FT

    02/01/2017
    Jan-Oct exports surge to $ 9 b

    • YoY Jan-Oct exports up by 8.7% to $ 9.1 b
    • Working towards $ 20 b by 2020: EDB’s Egodage
    • Fisheries in turnaround
    • US still topmost market for Sri Lanka

    Sri Lanka’s January-October YoY exports have surged by almost 9% while an export product that recently faced volatile EU markets showed a promising turnaround, as revealed yesterday.

    “For the month of October 2014 alone our provisional exports were at $ 900 m and this is only merchandise exports without taking into account of service exports such as ICT,” said EDB Chairman/CEO Bandula Egodage, commenting on the provisional top-line export data presented to him by EDB Directors at a progress review session held at the EDB yesterday.

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