Despite global and local challenges, Sri Lanka’s merchandised and service exports have risen by 11.4% to $ 8.5 billion in the first half of this year, prompting the Government to attribute it to a series of development efforts and assure further support. Releasing the latest yet provisional data, Development Strategies and International Trade Minister Malik Samarawickrama said yesterday that export sector performance was commendable, though he admitted there is significant scope for higher value. “The 11.4% growth, despite the impact of the October 2018 undemocratic constitutional coup, and the Easter Sunday tragedy, as well as global challenges, is very satisfactory. For the first time, three months of first half of 2019 - January, March and June - have produced over $ 1 billion worth of merchandised exports. We had originally set an ambitious $ 20 billion target for 2019, but we may miss it and end up at around $ 18.5 billion, which will be still higher than the $ 16 billion achieved last year,” Samarawickrama said.
The Sri Lanka Export Development Board (EDB) has been conducting the Exporters’ Forum since its inception from late 70s. The EDB has identified the need of a common platform to discuss and resolve the issues faced by the exporter community in Sri Lanka in order to facilitate exporters to overcome constraints arising from policy and operational issues created by various institutes that regulate, operate, and facilitate cross border trade. The EDB as the nation’s prime institute to facilitate export development created this mechanism to enable exporters to submit their issues to the highest levels of state institutions that cannot be reached easily by a trader. The unique feature of the Exporters’ Forum is the participation of the private sector and the public sector to resolve issues, with the political leadership represented by the relevant minister together with direct ministry-level interventions providing solutions to address those issues.
A Sri Lanka Pavilion is in display at the 22nd International Architecture and Design Exhibition which is being held at the Museum of Modern Art at Triennale di Milano, in Milan, Italy. The theme of the exhibition is ‘Broken Nature: Design Takes on Human Survival’.
The Sri Lanka Export Development Board (EDB) is planning to hold the 23rd Presidential Export Awards Ceremony under the patronage of President Maithripala Sirisena on 19 September at the BMICH
CONSTRUCTION EXPO 2019 will be the hub for all major players locally and internationally. It will provide a common platform for all industries that link with construction and will give the participants a chance to show case their products & services which cover all spheres related to the industry. It will be the meeting point for the Domestic and International products & technology suppliers to explore the potential in the Construction Industry in the South Asia Region.
Transforming Sri Lanka into the hub of the Indian Ocean, with a knowledge-based, highly competitive and social-market economyis the objective of the Vision 2025 policy document of the Government.Making the transistion to anexport, FDI and tourism orientedcountry is the only optionfor Sri Lanka to create better jobs for the youth of our country and to graduate to a higher income economy.
As per the instructions of the Hon. Malik Samarawickrama, Minister of Development Strategies and International Trade, Export Development Board organized a meeting with the key Exporters and Investors on Friday 03rd May 2019 at the 3rd Floor Auditorium to discuss the current situation of the country.
Capitol TwinPeaks, the flagship residential venture of the Sanken Group, located on the Beira lakefront in Colombo 2, showcased its premium project at the SMART Investment & International Property Expo in Singapore, on 30 and 31 March.
The National Export Strategy (NES) is progressing in the right direction. It has six focused areas and is expected to provide the impetus for the export drive supporting economic growth, Chairperson of the Export Development Board (EDB), Indira Malwatte said.
Sripalie Contractors Ltd. is the proud recipient of a Merit Award at the National Construction Excellence Awards 2018, presented by the Construction Industry Development Authority (CIDA) for the year 2018. The award was given to Sripalie Contractors for the construction of the Apartment Buildings for Prime Homes Ltd. at Thalawathugoda.
Sri Lanka’s merchandise and service exports in 2018 are estimated to have hit an all-time high of $ 17 billion, up 15% from a year earlier prompting the Government to be confident of achieving the $20 billion milestone this year.
Sri Lanka is working towards deriving maximum power generation from all spectrums of energy sources while minimizing the environmental impact it will cause. “It is important to tap all the power resources to generate the necessary supply and we are considerate of the environmental impact in doing so. Therefore, measures will be taken to mitigate the impact on the environment,” While the government is keen on working towards 100 percent electrification of households in the country, it has provided electricity to all the households requesting power.
A delegation from Major Constructors of Sri Lanka (MCSL) representing Sanken Overseas Ltd., Saw Engineering Ltd., Vee Power Ltd. and ELS Construction Ltd., had a business promotion mission in Ethiopia during the first week of November.
Construction is an industry that has a significant impact on environment, economic and social development. The need for greater environmental consideration in the context of sustainable development has been accepted by many governments, businesses, organizations and individuals. ........
The 22nd Presidential Export Awards Ceremony was held to celebrate the outstanding achievements of the Exporters at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo, on September 18, 2018, under the patronage of His Excellency Maithripala Sirisena the President of Sri Lanka.
Following is the address by Minister Malik Samarawickrama at the Presidential Export Awardson 18 September
Information and communications technologies (ICTs) are playing an increasingly important role in the implementation of the digitalisation of economic activities and trade which can support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalisation and growth of micro, small and medium-sized enterprises, including through access to ICT-enabled financial services.
The 2017 edition of the annual World Export Development Forum (WEDF) kicks off today in Budapest, Hungary under the theme ‘Trade – A Force for Good: Include, Innovate, Integrate’.