As one of the world's steadiest suppliers of top-quality sapphires and seventy-five other types of gemstones, Sri Lanka is one of the most important countries in the world when it comes to gem and jewellery, despite its small size.
The Sri Lanka Export Development Board (EDB) has organized a Sri Lanka pavilion at “PRODUCTRONICA 2019” from 12th – 15th November 2019 at MESSE MÜNCHEN, Germany with the assistance of Embassy of Sri Lanka in Germany and Consulate General of Sri Lanka in Frankfurt.
The Export Development Board organized a Tech Pavilion for the 4th consecutive year at the INFOTEL exhibition with the intention of providing an opportunity for ICT companies & startups to promote their services/technologies and to meet both local and foreign clients. The companies/startups who exhibited at the exhibition commended on EDB efforts and said that they were able to gain exposure in the ICT/BPM industry and that experience can be leveraged to develop their business models.
The National Construction Association of Sri Lanka (NCASL) has launched the premier housing and construction exhibition with a decade-long success story as its 19th consecutive exhibition. The 2019 edition, is presented at the Oak room of the Cinnamon Grand Hotel, themed ‘Build Smart – Live Smart’, withal revolutionary hi-tech, smart, future shaping and consumer-focused approach.
Cisco Systems Inc said it is rolling out hardware for the next generation of Wi-Fi standards, giving a core part of its $28.2 billion infrastructure business a refresh and in the process aiming to garner more software revenue.
Today, with cybercriminals operating like a penetration tester in the way they scope out the network probing for vulnerabilities and weak entry points, those responsible for IT security will once again need to adjust their strategy and defences. The Sophos 2019 Threat Report detailed how criminals are now “staking out” victims, moving laterally throughout the network, manipulating internal controls to achieve their objectives stealthily.
Sri Lanka aspires to become a middle-high income country by 2025 by having a highly-competitive economy with a diversity of products and services for local requirements and export markets. An increase on export revenue will be achievable only through consolidating Sri Lanka's share in the existing markets and by venturing into and establishing itself in newer markets through new, highly value added and diversified products and services.
Sri Lanka is making a renewed attempt to leverage its geographic advantage in the East-West shipping route, this time as a boat builder and marine tourism destination under the National Export Strategy. The five-year plan formally launched in July 2018 identifies boat building and its related services as one of five key industries to expand Sri Lanka's export basket and increase export earnings to US$ 28 Billion by 2022.
The most widely consumed varieties of tea - including black tea, green tea, Oolong tea, white tea, and chai - all stems from the leaves of the evergreen shrub Camellia sinensis, otherwise known as the tea tree. Irrespective of tea's vast cultural and economic significance, the shrub behind the tea leaves is in relative obscurity. But, the first draft of the tea tree genome published on May 1, 2017 in the journal Molecular Plant may help explain why tea leaves are quite so rich in antioxidants and caffeine.
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 through eCommerce platforms on the most pertinent of them.
Black pepper (Piper nigrum L.), popularly hailed as the “King of Spices”, is the most significant and widely used spice in the world. There’re but a few countries in Asia including Sri Lanka and the Pacific, Brazil and Madagascar that produce pepper.
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.
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 supplier to a centre of value addition and excellence.
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 (NUS) Yong Loo Lin School of Medicine.
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.
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.
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.
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.