Archives
Trade News
South
Asian share of global trade insignificant
The
Island / Wednesday, 27 August 2008
By Devan Daniel
A
World Bank report ‘Trade and Transport Facilitation in South
Asia’ says that the region’s share of global trade
is less than 2 percent despite the fact that trade with the rest
of the world had grown rapidly in recent years. More>>
BoI
firms export US$ 2.6 b worth goods and services
Daily
News / Wednesday, 27 August 2008
Anjana
Samarasinghe
BoI
enterprises have exported US$ 2.6 billion worth of goods and services
during first half of this year recording a five per cent growth
over 2007. More>>
Inter-cropping
fruits and pulses in cashew lands
The
Island / Wednesday, 27 August 2008
By Don Asoka Wijewardena
The
Ministry of Supplementary Plantation Crops Development has formulated
a plan to cultivate subsidiary food crops in Cashew plantations
under its Inter-cropping food crops cultivation programme. More>>
FTA,
beyond and impact
Daily
News / Tuesday, 26 August 2008
There
is much talk on the significance of the CEPA in business news.
The previous regime signed the FTA with India and it is realistic
that we move to the next stage for exchange of goods and services
between the partners. More>>
Sumithra
Gunesekera heads Sri Lanka-Australia New Zealand Business Council
Daily
News / Tuesday, 26 August 2008
The
Sri Lanka-Australia-New Zealand Business Council (SLANZBC) of
the Ceylon Chamber of Commerce, which has established itself as
the recognised representative of the business sector interests
between Sri Lanka, Australia and New Zealand held its 13th Annual
General Meeting recently. More>>
South
Asia Development and Cooperation Report 2008
Daily
News / Tuesday, 26 August 2008
Dr.
Saman Kelegama
Report
produced by Research and Information System for Developing Countries
(RIS), New Delhi, India, and published by Oxford University Press,
India More>>
Lanka
produces HDMI for US
Daily
News / Monday, 25 August 2008
Shirajiv
SIRIMANE
A
US based company, Tandon Enterprises, (TA) has selected their
Sri Lankan factory in Pallekelle Kandy to manufacture High Definition
Multimedia Interface Cables (HDMI) for the US Television market
for the first time in the South Asian history. More>>
Bartleet
Producemarketing Tea Surveillance Report upto August 20:
Japan strong on seasonal buying
Daily
News / Monday, 25 August 2008
The
quantity of tea arriving at the Colombo auction this week increased
to 6.97 mkg from 6.757 mkg traded in the previous week’s
sale. Meanwhile, the Ex-estate crops too showed an increase from
0.694 mkg to 0.732 mkg. More>>
The
Changing Consumer Landscape in Asia: A Marketer's Challenge
Daily
Mirror / Monday, 25 August 2008
"The
Changing Consumer Landscape in Asia: a Marketer's Challenge"
is a programme organized by The Chartered Institute of Marketing
Sri Lanka Region under the CIM Talking Point series and will be
held on 26th August, 2008 at Palm Lounge, Galle Face Hotel from
6.00 pm to 8.30 pm, a press release said. Mr. Madhav Sirinivasan,
Senior Vice President, APAC of Quantum Market Research will be
the Keynote Speaker at the programme which will be sponsored exclusively
by HSBC - The world's local bank. More>>
Rich
harvest at Pro foods Pro pack
Daily
News / Monday, 25 August 2008
The
seventh Pro Foods Pro Pack exhibition concluded at the BMICH on
a successful note with the event gaining in popularity with the
participants passing the century mark More>>
Lanka
to carve niche in booming Chinese jewellery market
Sunday
Observer / Sunday August 24, 2008
Dinesh
WEERAWANSA in Beijing
Eleven
market leaders and high-ranking officials of the Gem and Jewellery
Trade Association of China will visit Sri Lanka to participate
in the FACETS Sri Lanka 2008 International Gem and Jewellery Show
that will be held from September 6-9 at the BMICH. More>>
Ag-Biz
2008 ProFood ProPack exhibition concludes today
Sunday
Observer / Sunday August 24, 2008
The
Ag-Biz and ProFoods ProPack exhibition, the largest international
processed food, packaging and agri business exhibition in Sri
Lanka which was opened on Friday concludes today at the Sirimavo
Bandaranaike Memorial Exhibition Centre. More>>
Export
earnings in June fall
Sunday
Times / Sunday August 24, 2008
Export
earnings fell by 1.9 % to US$654.6 million in June 2008 against
earnings in the same month in 2008 due to falling earnings from
some industrial exports, namely, food and beverages; garments
and textiles; and machinery and equipment, the Central Bank said.
More>>
Pro
food pro pack
Daily
News / Friday, 22 August 2008
On
August 22, 23 and 24, the Agribusiness, Food Processing and Packaging
fraternities will once again combine to showcase Sri Lanka’s
food supply chain. This year the exhibition will be focused on
Innovation, Sustainability and Knowledge. The theme of this year’s
show and its concurrent events will be “Secure the Taste”.
More>>
Loans
for gem sector
Daily
News / Friday, 22 August 2008
Lanka
Puthra Development Bank is to implement a new loan scheme for
those who are engaged in the gem and jewellery industry and small
and medium scale entrepreneurs.
The
loans up to maximum of Rs. one million will be granted at an interest
of 15 per cent under this scheme which has been introduced by
the National Gem and Jewellary Authority. (NGJA) More>>
Trade
opportunities under FTA with Pakistan stressed
Daily
Mirror / Thursday, August 21, 2008
The
High Commissioner of Sri Lanka in Pakistan W.B. Dorakumbure has
emphasised the need for efforts to fully utilise opportunities
under the Free Trade Agreement (FTA) to boost bilateral trade.
More>>
GREY's
apparel campaign makes it to AME finals
Daily
Mirror / Thursday, August 21, 2008
First
Sri Lankan campaign to make it to the finals of Asian Marketing
Effectiveness Awards
After
receiving much international media attention and applause from
the global fashion and apparel industry, Grey's acclaimed 'Garments
without Guilt' global marketing communication campaign is now
in the race for the prestigious Asian Marketing Effectiveness
Awards 2008 [AME Awards]. More>>
CCC
clinches Business Superbrand award
Daily Mirror / Thursday, August 21, 2008
Superbrands paid tribute to their latest line up of Business Superbrands
recently at a prestigious Tribute Event where the Ceylon Chamber
of Commerce became the first Chamber of Commerce to be awarded
Business Superbrand status. The awards were handed out by Superbrands
International Chief Operating Officer, Steve Dodgson. More>>
Sri
Lanka to establish first Nano Techno Park
Daily Mirror / Wednesday, August 20, 2008
Park
worth US$10 million investment; nano technology to enhance industrial
products
The first nanotechnology park is expected to commence operations
from November with an investment of US$10 million which is backed
by the Science and Technology Ministry and SLINTec and MAS Holdings
Chairman Mahesh Amalean. More>>
Trade
Licence within 26 days- CMC
Daily
Mirror / Wednesday, August 20, 2008
By Ravindu Peiris
The Colombo Municipal Council (CMC) yesterday announced that it
will be reducing the number of days which takes to issue a trade
licence to a minimum of 26. More>>
Lalin
Fernando to lead Sri Lanka-Pakistan business council
Daily
News / Tuesday, 19 August 2008
The
Sri Lanka-Pakistan Business Council of the Ceylon Chamber of Commerce,
which functions as a vital link for promotion of trade between
Sri Lanka and Pakistan, held its 16th Annual General Meeting recently.
More>>
Maliban
rated top manufacturer
Daily
News / Tuesday, 19 August 2008
Chairman,
Maliban Biscuits, A.G.R. Samaraweera, the Company’s key
strength right said. “From the inception Maliban has focused
on quality which has in turn built trust and loyalty amongst generations
of consumers. More>>
Export
earnings up
Daily
News / Monday, 18 August 2008
Exports
amounted to US dollars 654.6 million in June 2008; a decline of
1.9 per cent compared to June.
However,
the cumulative earnings from exports during January-June, 2008
recorded an increase of 9.8 per cent and amounted to US dollars
3,888 million. More>>
Tea
exporters’ push to transform tea industry
Daily Mirror / Monday, 18 August 2008
Tea exports - one of the highest foreign exchange earners for
Sri Lanka exceeded the magical $ 1.2 Billion mark in 2007 due
to the tireless marketing efforts of the tea exporters, transforming
the industry from the traditional bulk tea exports to marketing
sophisticated value added Branded Teas popularly known as Pure
Ceylon Tea in the international market. Currently, the Tea Exporters
market the Branded Teas as well as bulk tea in over 145 countries
placing Sri Lanka in a higher echelon amongst the other global
competitors. More>>
Tea
exports to hit $1.5 b
Daily
News / Monday, 18 August 2008
Ramani
Kangaraarachchi
The
Tea Exporters’ Association targets to reach USD 1.5 billion
in tea exports by 2009 having achieved USD1.025 billion in 2007.
Chairman of the association Jayantha Keragala said at a press
conference held at the Golf Club Colombo last week. More>>
Tea
exporters target $ 1.8 b on value added brands
Sunday
Observer / Sunday, 17 August 2008
The
Tea Exporters’ Association (TEA) targets a US$ 1.8 billion
export revenue this year from exports of sophisticated value added
branded teas popularly known as Pure Ceylon Tea. More>>
FCCISL
to hold eighth SAARC Trade Fair in Colombo
Sunday
Observer / Sunday, 17 August 2008
The
Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL)
has finalised all arrangements to hold the eighth SAARC (South
Asian Association of Regional Cooperation) Trade Fair at the BMICH
from August 28-31. More>>
Colombo
plays host to 8th SAARC Trade Fair
Daily Mirror / Friday, August 15, 2008
The Federation of Chambers of Commerce and Industry of Sri Lanka
has finalized all necessary arrangements to hold the 8th SAARC
(South Asian Association of Regional Cooperation) Trade Fair at
the BMICH from 28th to 31st August. The added feature this year
will be the conducting of the first South Asian Economic Summit
(SAES) parallel to the Trade Fair and to fulfill this task The
Institute of Policy Studies of Sri Lanka (IPS) will join hands
with the FCCISL. More>>
MALIBAN
RATED TOP BISCUIT MANUFACTURER IN SRI LANKA
Daily Mirror / Friday, August 15, 2008
That perennial family favourite and trusted household staple,
Maliban has been rated Sri Lanka’s top biscuit manufacturer
by LMD.
According
to Maliban Biscuits Chairman A.G.R. Samaraweera, the company’s
key strength right throughout its long history has been its emphasis
on quality. “From the inception Maliban has focused on quality
which has in turn built trust and loyalty amongst generations
of consumers. More>>
Sri
Lanka Chamber of Small Industry trade mission to Australia
Daily
News / Thursday, 14 August 2008
The
ten member trade delegation the Sri Lanka Chamber of Small Industry
visited the States of Queensland and Tasmania in Australia led
by its President Aloy Jayawardane.
The
delegation were guests of Commerce Queensland in Brisbane and
Tasmania Chamber of Commerce and Industry of Hobart.
More>>
New
Website for small and medium scale industrialists
Daily
News / Thursday, 14 August 2008
A
website has been launched for the benefit of small and medium
scale industrialists by Sri Lanka Industrial Development Board
to help individual industrialists to promote and market their
products and services. More>>
Traditional
variety of rice for farmers in wet zone
Daily
News / Thursday, 14 August 2008
Mahaweli
Systems correspondent
A
traditional variety of rice, ‘maa vee’ is to be reintroduced
to the farming folk of the wet zone of the island by the Ministry
of Agriculture and Agrarian Services through the second phase
of its Wet Zone Paddy Cultivation Expansion programme. More>>
Aquarium
equipment for Polonnaruwa
Daily
News / Wednesday, 13 August 2008
The
Sri Lanka Export Development Board and the National Chamber of
Commerce distributed aquarium fish farm equipment valued Rs. 2.5m
to 50 selected aquarium farmers in the District recently to make
Polonnaruwa the hub of aquarium fish export of Sri Lanka. More>>
Chinese
delegates here for FACETS
Daily
News / Wednesday, 13 August 2008
A
twelve member Chinese delegation from the Gem and Jewellery Trade
Association of China will arrive in Colombo to participate at
the FACETS Sri Lanka 2008 international gem and jewellery trade
show, which will be held from September 6 to 9 at the BMICH. More>>
SAARC
Trade Fair on 28
Daily
News / Wednesday, 13 August 2008
Eighth
South Asian Association of Regional Cooperation (SAARC) Trade
Fair will be held from 28 to 31 August at the BMICH. The Federation
of Chambers of Commerce and Industry of Sri Lanka has finalized
all necessary arran- gements to hold the event. More>>
Brandix
associates pump 1721 pints of blood
Daily
News / Wednesday, 13 August 2008
Demonstrating
that good citizenship runs in their veins, employees of Sri Lanka’s
top apparel exporter Brandix have donated 1721 pints of blood
to the National Blood Transfusion Service through a Group-wide
initiative encompassing 19 locations. More>>
Branding
a nation with international recognition
Daily
News / Wednesday, 13 August 2008
Prasanna
Perera, Marketing and Management Consultant, Chartered Marketer,CIM,
U.K.
The
American Marketing Association defines a brand as a “name,
term, sign, symbol, or design, or a combination of them, intended
to identify the goods and services of one seller or group of sellers
and to differentiate them from those of competitors.” More>>
How
to protect your business and Consumer
The
Island / Tuesday, 12 August 2008
Sri Lanka has now placed a higher emphasis on "Food Safety
Management" and in order to facilitate this focus, on 18th
December 2006, United Nations Industrial Development Organization
(UNIDO) launched the project "Strengthening International
certification capacity in Sri Lanka with particular reference
to Social Accountability Standard (SA 8000) and Food Safety (HACCP/ISO
22000) Standard." More>>
ILO
assists SL on GSP+
Daily Mirror / Monday, 11 August 2008
By Ravindu Peiris
The
International Labour Organization (ILO) is to support Sri Lanka
so that the country would be able to receive the imperative Generalised
System of Preferences (GSP+) which is a concession vital for the
export sector when dealing with the European Union (EU). More>>
Tea
Report
Active buying from Japan, CIS and European Union countries
Daily
News / Monday, 11 August 2008
Bartleet
Produce Marketing Tea Surveillance report upto August 6
The
quantity of tea arriving at the Colombo auction last week decreased
to 6.805mkg from 7.244mkg traded in the previous week's sale.
Meanwhile, the Ex-estate crops too showed a decrease from 0.823mkg
to 0.782mkg. More>>
SLCSI
trade mission secures Australian orders
Sunday
Observer / Sunday, 10 August 2008
The
ten-member trade delegation of the Sri Lanka Chamber of Small
Industry (SLCSI) visited Queensland and Tasmania in Australia
lead by its President Aloy Jayawardene.
The
delegation were guests of Commerce Queensland in Brisbane and
Tasmania Chamber of Commerce and Industry of Hobart. More>>
Lanka
should look at new gem markets
Daily
News / Friday, 8 August 2008
Sri
Lanka should be converted to a jewellery value addition hub to
service the entire region said Chairman, Falcon International
M. J. M. Zurfick.
The
veteran gem and jewellery marketer, with over 30 years experience
in the industry says that the country should import raw gems and
cut and polish in Sri Lanka and invite the buyers to purchase
them in Sri Lanka. More>>
China
ups imports from Sri Lanka
Further
duty concessions to be considered:
Daily
News / Friday, 8 August 2008
CHINA:
President Mahinda Rajapaksa met Chinese Commerce Minister Chen
Deming to discuss the bilateral economic co-operation between
China and Sri Lanka yesterday.
President
Rajapaksa thanked the Chinese Government on its interest in Sri
Lanka’s economic development and made a special mention
about the Puttalam Coal Power Electricity Project, Hambantota
Port Development and the setting up of an institution for performing
arts. The Trade Minister assured that the projects would be started
soon. More>>
Lalin
Fernando re-elected President Sri Lanka - Pakistan Business Council
Daily Mirror / Friday, 8 August 2008
The Sri Lanka - Pakistan Business Council of the Ceylon Chamber
of Commerce, which functions as a vital link for promotion of
trade between Sri Lanka and Pakistan, held its 16th Annual General
Meeting recently. More>>
Ministries
given only 20% of total collected cess
Daily Mirror / Thursday, August 07, 2008
By Kelum Bandara and Yohan Perera
Cess
collected from key sectors since 2002 until 2007 have been only
partially given to the relevant ministries, Parliament was informed
on Tuesday. More>>
Implementing
EDI system urged
Daily
News / Thursday, August 07, 2008
The
new elected Chairman of Shippers Councils (SC) Randolph Perera
urges the Government to be fully operationalised on the Electronic
Data Interchange (EDI) system in the Colombo Port. More>>
“The
Wave Collection”- another innovation by Sifani Jewellers
Daily Mirror / Wednesday, August 06, 2008
One of the most reputed players in the international jewellery
market, Sifani Jewellers introduces their new groundbreaking collection
“The Wave”.
Speaking
about the concept design behind this collection, the Managing
Director of Sifani Jewellers Rizwan Sahabdeeri said, “We
specialize in using themes related to nature. More>>
Foreign
Receipts and Payments and the Miraculous Exchange Rate
Daily Mirror / Wednesday, August 06, 2008
For months, private businesses, government spokesmen and media
headlines have highlighted the impact of rising global market
prices on Sri Lanka’s economy. We depend on the global market
for investment funds and key imports that are essential for our
future development. Hence, we need to understand our external
economic vulnerabilities to address them effectively. More>>
SL
must make FTA work and improve
Rohantha
N. A. Athukorala
Daily
News / Wednesday, August 06, 2008
Continued
from yesterday
A
point to note is that the knowledge economy is not about been
high tech, but it's about how a country is strong on creating
disseminating knowledge to the users to enhance growth and development
in a country. More>>
SL
to expand trade ties with Singapore
Daily
Mirror / Tuesday, August 05, 2008
Minister
of Export Development and International Trade Professor G.L. Peiris
met with Singapore’s Minister of Trade and Industry Lim
Hng Kiang, at the Treasury in Singapore for a discussion about
strengthening co-operation in trade and investment matters between
Sri Lanka and Singapore. More>>
SL
must make FTA work and improve
Rohantha
N.A. Athukorala
Daily
News / Tuesday, August 05, 2008
At
the Indo-Lanka Comprehensive Economic Partnership Agreement (CEPA)
seminar in Sri Lanka, the Commerce Secretary of India Gopal K.
Pillai said the agreement will not have Indians swamping Sri Lanka
and it is an attractive opportunity that Sri Lanka must exploit
but I wonder if he was aware of the ‘reality’ behind
the trade numbers between the two countries where we see that
India has much to honour from the current Indo-Lanka FTA and the
private sector revolting against CEPA is totally justifiable.
More>>
Govt.
response awaited on import duty waive-off
Daily Mirror / Tuesday, August 05, 2008
Lanka IOC yesterday reiterated that the government needs to waive
off the Rs.24.50 import duty imposed since May 25. More>>
Bangladesh,
Bhutan call for freer trade for South Asia's SAARC nations
Daily
Mirror / Monday, August 04, 2008
Bhutan
and Bangladesh, tried to fan the flame of free trade in South
Asia as dismantling trade barriers went off the agenda, when leaders
of seven nations that make up a South Asian regional grouping
met in Colombo. More>>
Bartleet
produce marketing tea report:
CIS buying pattern stable
Daily
News / Monday, August 04, 2008
The
quantity of tea arriving at the Colombo auction this week decreased
to 7.244Mkg from 7.785Mkg traded in the previous week’s
sale. Meanwhile, the Ex-estate crops too showed a decrease from
0.931Mkg to 0.823Mkg. More>>
Ceylon
CTC teas to benefit from shortage of supplies from Africa
Daily Mirror / Monday, August 04, 2008
There has been a significant decline in tea production in Kenya
during the first half of 2008, and crop is said to be down by
a massive 40 million kilo grams. Uganda too has recorded a 10%
drop in yields, following drought conditions during the first
half of the year, where output has fallen to 15.2 million kilograms,
compared to almost 17 million kilograms achieved during the corresponding
period last year. More>>
TST
Pipes penetrates Lankan market
Sunday
Observer / Sunday, 3 August 2008
The
Director of Foreign Trade, TST Pipes Ltd., India Manish Garg said
that the company is penetrating the Sri Lankan market with its
quality products.
They
wish to enhance the distribution network with all business segments
such as industrial, government and the local market. The company
will launch a marketing strategy shortly to increase sales in
2008-2009. More>>
SAARC
can benefit from regional investment and supply chain strategy
- MTI
MTI
Consulting CEO Hilmy Cader
Sunday
Observer / Sunday, 3 August 2008
MTI
Consulting, the only strategy consultancy with its own operations
in the four main SAARC capitals of India, Pakistan, Sri Lanka
and Bangladesh, have in recent times taken the thought leadership
role for how countries strategise in an increasingly globalised
trading environment. More>>
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