The delicious aroma that emanates as a few spoonfuls of Ceylon tea hit the simmering water in the white jug patterned with tea-buds every morning is refreshing forever. A sip of the steaming cup feels great on the tongue tickling the taste-buds. A great aroma with a fabulous taste, Ceylon Tea is beyond compare. Whether it’s in the morning or in the evening, a hot cup of tea is always a delectable drink.
But, as the Book of Tea, Kakuzo Okakura’s 1906 philosophical treatise on tea says, tea had been a medicine long before it became a beverage. The potent natural antioxidants that abound in green & black tea can protect regular tea drinkers from a number of degenerative diseases such as heart disease, high blood pressure, stroke, cancer and diabetes.
Continual consumption of correctly brewed Ceylon Tea is known to decrease the oxidation of fat. Catechins in green tea, theaflavins and thearubigins in black tea can inhibit lipid oxidation and plaque formation (which can cause heart disease), whilst cutting cholesterol. Regular consumption of tea is also known to reduce blood clotting. Blood clotting heightens the risk of coronary thrombosis.
Plans are all under way for a Sri Lankan Pavilion to be set up at Gardex / IFEX 2014, Asia’s largest show focusing on all kinds of garden and outdoor products to be held from October 15 - 17 2014 in Tokyo, Japan. Hailed as the industry’s Premier trade show, Gardex is a great meeting place for the major players.
Sri Lanka Export Development Board joins hands with Sri Lankan Embassy in Tokyo, Japan to organize the Sri Lankan pavilion at Gardex where 8 leading Sri Lankan companies exporting Coconut-based Substrate and a leading Foliage and Live Plants exporter will be showcasing their merchandise.
The exports of textiles and garments from the island nation of Sri Lanka surged by 23.4 percent year-on-year in the first month of 2014, according to a press release on ‘External Sector Performance – January 2014’ issued by the Economics Research Department of the Central Bank of Sri Lanka.
Textiles and garments, which is the main contributor to the growth in industrial exports from Sri Lanka, grew by 23.4 percent to US$ 412 million in January 2014, compared to exports of $333.9 million made during the same month last year.
Sri Lanka has garnered more than $4.6 Mn orders at the recently concluded Kunming Int’l Fair in China-and this too is only from the initial overview of Kunming outcomes rather than any in-depth totals. “I am pleased of the performance of the delegation of 119 companies and businesses that I led to Kunming. I commend EDB for this successful facilitation effort” said a satisfied Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) on 31 July in Colombo.
Chinese firms are planning to buy activated carbon and rubber from Sri Lanka following the visit of a trade delegation and others are in talks over minerals and logistics services, the island's trade ministry said.
"We have identified one Lankan partner firm for trading in activated carbon," An Qi Fu, international business manager of CITIC International, a Chinese state firm, was quoted as saying in a statement.
"We will start buying through the Lankan partner firm as soon as possible once the agreements finalised."
The Chinese trade delegation led by Jia Guoyong, the vice director general of the Chinese Trade Development Bureau (TDB), had 23 companies in glass manufacture, mining, minerals, agriculture, polymer, petroleum bi-products, chemicals, and real estate.
Sri Lanka’s apparel sector is likely to benefit from the new regulations issued by the Finance Ministry of the country.
The regulations cited as the Finance Act - Commercial Hub Regulation (CHR) No. 1 of 2013, will be applicable on all new established enterprises in the country.
Under the regulation, any new enterprise which is established or incorporated in Sri Lanka, where at least 65 percent of its total investment has been from foreign sources, shall be exempted from the application of Provisions of the Customs Ordinance (Chapter 235), the Exchange Control Act (Chapter 423), the Imports and Exports (Control) Act, No. 1 of 1969, and acts referred to in schedule of the Principle Act as amended by the Finance Act, No.12 of 2013.
Ayurveda Expo 2013, the international indigenous healthcare exhibition organised by the National Chamber of Commerce of Sri Lanka (NCCSL) will be held at the BMICH from July 12 -14.
The exhibition is held for the fourth consecutive time in Sri Lanka in collaboration with the Ministry of Indigenous Medicine, Ministry of Industry and Commerce and the Export Development Board.
The objective of the exhibition is to showcase the potential of Sri Lanka's indigenous medical sector and its products and services for the tourism industry.
Ayurveda 2013 Steering Committee Chairman Thilak Godamanna said many Sri Lankan and Indian organisations engaged in indigenous medical product manufacturing and services have already reserved stalls.
He said delegations from Japan, India, Germany, South Africa and China (Shanghai) have confirmed participation in the exhibition.
A Symposium on South Asian Traditional Medicine will be held on July 13 at the same venue, where world-renowned professionals in the sector will make presentations on the latest research findings in the sector.
As ICT exports are projected to top $1Bn this year, Sri Lanka has launched the latest ICT Value Survey to find the national hi-tech exports it achieved in 2013/14-and all the ICT exporters are encouraged to actively take part in it.
“We have recognized the ICT industry to be a key player in our exports. We a looking for $1 billion exports this year” voiced Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka on Wednesday (18) in Colombo.
The past three years from 2012-2014 saw a renaissance in Ceylon Tea with the year 2013 breaking all records and the 2014 figures just released surpassing even that of 2013, recording the highest ever export earnings of $ 1.61 billion (Rs. 210.2 billion) which is a 5.43 % growth over 2013 and a FOB price of US$ 4.95 per kg, which is a 3.1 % growth over 2013 which were all records for the 147 year old history of the Sri Lankan tea industry.
As bilateral trade topped $ 3Bn, Sri Lanka’s exports sector is readying one of the strongest ever delegations to this year’s Kunming international expo while Lanka’s second largest global supplier voiced that it is increasingly upbeat on the prospective FTA between both countries-and the $ 190 Bn Yunnan province is keen for a Corporate Agreement with Lanka’s apex export entity, a first, as revealed on 13 January.
Sri Lanka will participate in Japan’s largest international jewellery trade show this month. This event is known as “ IJT international jewellery trade show.”
A wide variety of products in the jewellery industry gathers under one roof, at the world trend-setting city, Tokyo. Sri Lanka could increase the US$ one billion overall export target in 2016, if the local gem/precious stone exports were encouraged and developed targeting international markets. Therefore, participating for international trade shows should help to capture news markets, Director Marketing and Export -National Gem and Jewellery Authority, Rohan Perera said.
The Government has taken steps to uplift the Cinnamon production in Sri Lanka to target international market. Cinnamon, indigenous to Sri Lanka is the pride among world's spices. Sri Lanka is the world's largest cinnamon producer and accounts for about 70 per cent of the global production, while cinnamon exports from Seychelles have steadily increased. However, cassia a cinnamon like spice obtained from the bark of a plant related to cinnamon is widely traded as a relatively cheap substitute for cinnamon.
Sri Lanka exports curtaining, table linen, bed linen, kitchen linen, upholstery and dress fabric and other products to foreign markets. The products in demand in the local market are curtaining, table linen, bed linen furnishing, cushion covers, sarongs and sarees. Currently, cotton and silk yarn is imported from India and Korea, monthly. Around 900 private handloom producers inclusive of small, medium and large-scale are operating in the country.
As both Bangladesh and Sri Lanka moved closer to their historic trade pact, the process took a new turn as a keen Bangladeshi private sector itself stepping in to accelerate it on 27 November, a rare development in an on-going Lankan trade negotiations-and bilateral trade between both countries has jumped by a strong 67%.
“I will meet our Commerce Minister who is very well meaning and serious, and inform him to expedite the FTA process” said Mahbubur Rahman (President, International Chamber of Commerce of Bangladesh ICCB) on Thursday (27) in Colombo. ICCB President Rahman was addressing Rishad Bathiudeen.
The International Colored Gem Stones Congress(ICA), the sole global think-tank which serves to benefit the colored gemstone industries have chosen Sri Lanka as its host country for its 16th congress to be held in May 16th - 19th, 2015 in Colombo at the Cinnamon Grand Hotel.
This is the second time that Sri Lanka will be hosting the prestigious ICA event which prides itself for uniting various segments of the colored gem trade. The theme for the event is `Sapphire and MORE`. A `Facets Congress Gem Show` will also be held from May 15th to 18th at same venue.
The Plastic and Rubber Institute of Sri Lanka CEO Forum recently mooted ideas for improving plastic and rubber industries in Sri Lanka.
While quality adding has been long discussed topic of improvement, it was discussed that branding Sri Lankan rubber will give Sri Lankan rubber a significant boost.
Chairman and CEO of the Export Development Board of Sri Lanka, Bandula Egodage, who attended the event said rubber is one of the chief exports in Sri Lanka and Sri Lanka's rank in the contribution of rubber exported globally is 32% . However, he also said Sri Lanka's solid tyres rank at the first place in exports, which is a clear indication that there is a market for value added goods rather than just the raw form.
The North Western Provincial office of the SLEDB, successfully conducted the awareness seminar/workshop on Ornamental Fish for the export Market on 12th August 2014 in the auditorium of District Secretariat-Kurunegala with the participation of 110 export oriented Ornamental Fish farmers in North Western & North Central Provinces. The programme was organized by the NWP-EDB with the assistance of National Aquaculture Development Authority (NAQDA).
The main objective of conducting this programme is to increase the capacity of export oriented ornamental fish farmers in the region by way of enhancing Technical/Market awareness and facilitating linkages between farmers and exporters in order to develop consolidated supply base of quality ornamental fish for exports.
FACETS Sri Lanka 2014, the prestigious International Gem and Jewellery Show that showcases hundreds of local and foreign exhibitors, will be held from 4th - 7th September at the Sirimavo Bandaranaike Memorial Exhibition Centre.
This year’s exhibition will comprise over 150 booths with a variety of Gem and Jewellery that include precious and semiprecious gems.
Relations between Vietnam and Sri Lanka are fast developing, and two way trade between the countries has grown by nearly 100 per cent during the last three years, Vietnamese Ambassador to Colombo Ton Sinh Thanh said.
He added, the two-way trade over the past three years has been increasing by around 30 per cent per year, the highest rate among Vietnam trade with other South Asian countries. He made thise revelation at the opening of the first ever Sri Lanka Vietnam business centre in Kelaniya, a venture promoted by the APL Group of Companies. Ambassador Thanh identified the new centre as an important landmark in the economic relations between the two countries. Highlighting the rapid growth of economic relations between the two countries the Ambassador said ; "in the first half of this year our bilateral trade volume reached US $109 million, almost equal to the volume of the whole year 2011. The Ambassador predicted that the total trade volume between the two countries this year will surpass US $200 million.