Archives Trade News

Agro based export processing zones through Budget 2009 - Minister Prof. G.L. Peiris

Daily News / Friday, 14 November 2008

The Budget has allocated sufficient funding to increase the Export revenue which is the live-wire of our economy and to see that its benefits percolate to the masses in the provinces, said Export Development and International Trade Minister G.L. Peiris. More>>

High export income from ornamental fish exports

Daily News / Friday, 14 November 2008

Anjana SAMARASINGHE

Despite the current global crisis in major export markets, local ornamental fish export recorded Rs 903 million exports earnings this year.

Secretary of Association of Live Tropical Fish Exporters of Sri Lanka S.H.S. Akbar said they are planning to increase total earnings through this sector by 5 per cent within three years. However there is a 40 per cent decline in ornamental fish exports during the first six months due to the global economic crisis. More>>

Brandix shares ideas on ‘Water’ at IBM forum in Singapore

Daily News / Friday, 14 November 2008

Sri Lanka’s Brandix Group was recently invited by IBM to the company’s Global Innovation Outlook (GIO) Deep Dive discussion on “Water and the Ocean” in acknowledgement of the Group’s commitment to the environment. More>>

Slowing down of Gulf and CIS markets:

Tough times ahead for tea exports - CTTA Chairman

aily News / Thursday, 13 November 2008

Ravi LADDUWAHETTY

Sri Lanka’s tea exports to Gulf and CIS markets will face tough times ahead, the century-year old Colombo Tea Traders’ Association (CTTA) cautioned yesterday.

This will also mean that low grown teas accounting for well over 70 per cent of the national production, exported to these markets will be affected, CTTA Chairman Avindra De Silva told Daily News Business yesterday. More>>

Funding to set up Agro Based Export Processing Zones and Export Projects from Budget

The Island / Thursday, 13 November 2008

This Budget has allocated sufficient funding to increase the Export revenue which is the live wire of our economy and to see that its benefits percolate to the masses in the provinces said Minister of Export Development & International Trade Hon. G.L .Peiris. The Minister made these commends today (11th) at a Media Conference held at the Export Development Board to brief the media on special concessions and funding provided by the Budget 2009 for development of Exports. More.>>

Brandix shares ideas on 'Water' at forum in Singapore

The Island / Thursday, 13 November 2008

Sri Lanka's Brandix Group was recently invited by IBM to the company's Global Innovation Outlook (GIO) Deep Dive discussion on "Water and the Ocean" in acknowledgement of the Group's commitment to the environment. More>>

EDB to assist agri initiative

Daily Mirror / Thursday, 13 November 2008
By Jithendra Antonio

The government is gearing to uplift the export trade based on the theme “One Village, One Crop” with a proposed Rs.300 million allocation, Export Development and International Trade Minister Prof. G. L. Peiris said yesterday. This comes in the wake of the local export sector having achieved tremendous earnings from January- August 2008 recording a foreign income of US $ 5498 million. More>>

Tariff adjustments to palm oil proposed

Daily News / Thursday, 13 November 2008
Ramani Kangaraarachchi

The Coconut Growers' Association has proposed to the Government that tariff adjustments to palm oil should be linked to a pricing policy acceptable to the growers and it should be triggered through the Plantation Industries Ministry. More>>

Apparel industry wants govt. support

Daily Mirror / Monday, November 10, 2008
By Jithendra Antonio

New apparel industry head encourages stronger public-private partnership and adopt a drive to achieve this.

Speaking at the Sri Lanka Apparel Exporters Association AGM, the New Chairman-Elect of the Association, Kumar R. Mirchandani said “If we have the drive and the will to do it, we can do it. We have to build up a stronger public-private partnership with the Government. Under my vision there are several major and macro issues which we have to address today.” The apparel industry has been at the forefront of economic development in this country and apparels have contributed successfully to make a change in the industry by stepping far beyond traditional ways with the help of modern technology. More>>

Inaugural Fisheries Expo 2008 a resounding success:
US$ 10m Lanka-Japan joint venture

Daily News / Monday, November 10, 2008
Ravi Ladduwahetty

The inaugural Fisheries Expo 2008 which kicked off on Friday and concluded yesterday has already borne fruition with a local fish exporting company going into partnership with a Japanese consortium for tuna exports to Japan and continental markets. More>>

Do not withdraw gsp + : nccsl

Daily Mirror / Monday, November 10, 2008

The National Chamber of Commerce of Sri Lanka (NCCSL) appealing for the continuation of the GSP+ facility has stated that should this not be granted it could result in 20% -25% drop in employment over a period of one year and price increases due to imposition of duties from 5%-18%. More>>

Tea Board to continue purchases at Auction:

Daily News / Monday, November 10, 2008

Major boost for tea industry

Colombo: The direct participation of the Sri Lanka Tea Board at the Colombo Tea Auction has restored the buoyancy of the tea market and spurred a rejuvenation in the industry, financial sources said yesterday. More>>

Sri Lankan products as good as the best

Daily News / Monday, November 10, 2008
Geoff Wijesinghe

The open economy introduced in 1977 opened the floodgates for all manner of foreign products to be imported without any restrictions. More>>

Business community hails Budget 2009
‘Private sector anticipated more benefits’:

Sunday Observer / Sunday November 09, 2008

by Lalin FERNANDOPULLE

The business community while welcoming the 2009 Budget as a good move to develop domestic industries said given the current global economic crisis there should have been more benefits to strengthen the business sector. More>>

Foreign Minister to hold talks with ambassadors to push tea exports

Sunday Times/ Sunday November 09, 2008

By Dilshani Samaraweera
The Minister of Foreign Affairs is due to meet ambassadors from major tea buying countries on Monday, to push exports of Ceylon Tea in the midst of the global economic crisis. More>>

Garment sector breaks trends: brings work to the village

Sunday Times/ Sunday November 09, 2008

Sri Lanka’s clothing sector is the first and the only large scale industry that has moved into rural Sri Lanka as a viable poverty eradication alternative to traditional industries such as fisheries and agriculture, an apparel manufacturer has said. More>>

Garment exporters have achieved excellence – G.L

The Island / Wednesday, 5 November 2008

Minister Prof. G.L.Peiris told a gathering of Apparel exporters, "your commitment and compliance to environmental standards have placed your industry above board within turbulent forces in the International market". Kumar Devapura made his presentation on the industry and its challenges.The Minister in his address said that the apparel exporters have complied with all the standards required in the industry. More>>

India to assist SLhandicraft industryby Don Asoka Wijewardena

The Island / Wednesday, 5 November 2008

The Shilpa – Sri Lanka, the Craft Exhibition and Trade Fair organized by the National Crafts Council (NCC) in collaboration with the Office of the Development Commissioner (Handicrafts) of India and Sri Lankan High Commission in India was held from recently at the International Marketing Village for Crafts in New Delhi, India. More>>

Indo - Lanka craftsmen will further strengthen bilateral relationship

Daily News / Wednesday, 5 November 2008

“Centuries old relationship between India and Sri Lanka could be further strengthened and developed by bilateral exchange of craft related activities and heritage skills of artisans of both countries”, said Indian Textiles Minister, Shri Shankersinh Vaghela at the Inauguration of the Shilpa Sri Lanka held recently in New Delhi. More>>

Ruhunu Expo Gamen Lowata

The Island / Tuesday, November 04, 2008

The Ministry of Export Development and International Trade and the Sri Lanka Export Development Board are to hold the "Ruhunu Expo- Gamen Lowata’ Regional Exhibition in Hambanthota on 13th and 14th of December. This is the first of three regional exhibitions which are scheduled to be held during the next nine months. It is expected to have one hundred stalls with export products and services and public and private sector service providers to the export sector. A forum ( Pradeshiya Samatha Piyasa ) to discuss and resolve the problems of regional export oriented entrepreneurs and exporters, seminars to educate and create awareness on export and export opportunities, entertainment programmes and awarding of certificates to participants who attend aligned programmes in the region will be held during the two days of the exhibition. More>>

Natech Labels and Systems First Exports to Qatar

Daily Mirror / Tuesday, November 04, 2008

Natech Labels and Systems is a project to manufacture barcode labels for indirect export. The project is an investment of Rs. 30 million. The venture is expected to provide many employment opportunities. The project is a joint venture with investors from Singapore. More>>

CEAT to strengthen local tyre market

Daily News / Tuesday, November 04, 2008
Hiran H. Senewiratne

CEAT Sri Lanka originally known as Kelani Tyres is looking to strengthen the local truck and motor tyre market with the slump in global rubber prices, Managing Director Rohan Fernando said.

“The global financial crisis has reduced global tyre consumption. Therefore, international rubber prices have also come down in view of the current financial crisis during the last few months,” Fernando told Daily News Business. More>>

Export Development Minister highlights diversity of exports

Daily News / Monday, November 03, 2008

This event which brought together leading Government personalities and representatives of the business sector from 24 countries was inaugurated by President Gloria Macapagal Arroyo of the Philippines. More>>

Inaugural Fisheries Expo from Nov 6-8:

Lanka to unveil full potential in fisheries exports, investments

Daily News / Monday, November 03, 2008

Ravi Ladduwahetty

Sri Lanka’s unlimited and hitherto untapped investment opportunities and export potential in the fisheries sector will come into vogue when a joint private/ public sector exhibition- Fisheries Expo 2008 unveils at the Sri Lanka Exhibition and Convention Centre from November 6 to 8. More>>

Apparel graduates to hold graduation fashion show

By Charumini de Silva

The Island / Monday, November 03, 2008

The Department of Textile and Clothing Technology, University of Moratuwa declares their fourth Graduation Fashion Show 2008, on the 4th and 5th of November at the Galle Face Hotel, Colombo.

Responding to a vital need in the apparel export industry this course was commenced at the University of Moratuwa with consultancy assistance from London College of Fashion. The consultancy is funded by the Government of Sri Lanka through the Ministry of Textile Industry Development. More>>

FCCISL PARTNERS with CBI NETHERLANDS TO PROVIDE EXPORT SUPPORT SERVICES TO SMEs

Daily Mirror / Monday, November 03, 2008

The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) recently signed a partnership agreement with the Center for the Promotion of Exports from Developing Countries (CBI) in The Netherlands to provide export support services to Sri Lankan businesses involved in exports especially Small and Medium Enterprises (SME). More>>

Talks to expand Lanka's exports

Minister of Export Development and International Trade, Prof. G. L. Peiris delivered the keynote address at the meeting of the Confederation of Asia Pacific Chambers of Commerce and Industry, in Manila Philippines, last week. More>>

EDB to launch regional exhibition

Sunday Observer / Sunday, 2 November 2008

The Export Development Board (EDB) launched the ruhunu Expo Gamin Lowata regional exhibition which will be held in Hambantota, Badulla and Polonnaruwa in nine months.

The first exhibition will be held from December 13-14 at the Suchi National School in Hambantota. More>>

Sharp focus on promoting SMEs

Sunday Observer / Sunday, 2 November 2008

The Government has placed special emphasis on promoting the SMEs which form the backbone of the economy. In line with the government's policy, a number of measures has been taken to promote export oriented SMEs. However, the full export potential of the SME sector has not been realised yet and at present their contribution to the total exports of Sri Lanka remains at less than 5% in spite of the fact that nearly 80% of exporters are in the SME category (export turnover less than Rs. 60 Mln). The efforts of successive governments by way of policy and institutional reforms to develop the export oriented SME sector were not sufficient to create the desired impact to build capacity, capability and competitiveness of the sector. More>>

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