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Lankan biz throng to EDB ‘Reflections’ expo at CHOGM

2013-10-10

Lankan biz throng to EDB ‘Reflections’ expo at CHOGM

Lankan businesses of both SME and large scales are enthusiastically enlisting for the CHOGM event of EDB. "42 exhibitor firms from ornamental and handicraft sector, 40 from gem and jewelleries, and 19 from apparel sector are among them," said Ms Sujata Weerakoone, Director General of EDB on 08 October in Colombo.

Director General Weerakoone was addressing the special briefing session held at EDB auditorium on 08 October for exhibitors of forthcoming EDBs CHOGM exposition titled "Reflections of Sri Lanka-Exploring the Wonder of Asia". More than 250 reps from 184 Lankan businesses of SME and large scales from across the country were in attendance at EDB’s briefing session.

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Tea Exports Hit Rs. 123 Bn

2013-10-06

Tea Exports Hit Rs. 123 Bn

Tea export earnings in the first eight months of the year increased by Rs. 10.6 billion year on year (YoY) to Rs. 123.1 billion, Forbes & Walker (F&W) in a report said.

Export volumes in the review period increased by 1.7 million kilos YoY to 205.7 million kg.

Kenya, one of Sri Lanka’s competitors, in the first seven months of the year increased its export volumes by 52 million kg. YoY to 293 million kg., F&W said.

In the same period Kenya’s tea export earnings increased by Rs. 18 billion* to Rs. 109.7 billion.

Meanwhile Sri Lanka’s tea export earnings in August increased by Rs. 6.2 billion to Rs. 18.8 billion YoY.

Likewise tea export volumes increased appreciably by 9.5 million kg. YoY to 31.4 million kg.

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Hub is Sri Lanka’s USP!’ – Powerful Swiss Investment Arm

2013-10-05

Hub is Sri Lanka’s USP!’ – Powerful Swiss Investment Arm

Sri Lanka’s international Unique Selling Proposition (USP) is none other than its hub positioning. “At this moment, many countries in Latin America, Africa and Asia including Sri Lanka have great investment opportunities.

Sri Lanka will have to compete with these countries to leverage foreign investment streams from Switzerland” revealed a very confident Wolfgang Schanzenbach, Regional Director Asia Pacific of Switzerland Global Enterprise (SGE) on 03 October in Colombo.

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Japanese apparel market craving for more Lankan made supplies

2013-10-01

Japanese apparel market craving for more Lankan made supplies

Apparel exports must be expanded to cater to the growing demand for Sri Lankan made products in the Japanese market, according to Japan’s House of Councillors Member Yamatani Eriko.

“Sri Lankan apparels are of high quality but unfortunately, the supply of Sri Lankan apparels to the demand of the Japanese market is not sufficient at the moment. Therefore, we request steps be taken to expand exports of Sri Lankan apparels to Japan.

Bilateral trade between Sri Lanka and Japan has a very long history and trade is one of the most important aspects of our bilateral relations. Ceylon tea and other Sri Lankan products such as apparels and ceramics are already popular in Japan,” Eriko stated.

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Govt: Lanka companies bullish at EDB’s first ever China-Lanka direct B2B

2013-09-29

Govt: Lanka companies bullish at EDB’s first ever China-Lanka direct B2B

"Eager Sri Lankan biz has experienced a sudden boost and witnessed new doors of opportunities on 26 September with a surge of inquiries from the powerful Chinese businesses now scouring Sri Lanka," the Ministry of Industry and Commerce said in a statement.

On 26 September, one hundred (100) Lankan firms of small, medium and large scales met reps from 23 powerful Chinese firms that arrived in Sri Lanka on 25 September as part of the Chinese Trade Promotion delegation to Colombo.

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Saudi buyers, sellers invited to trade exhibition in Sri Lanka

2013-09-27

Saudi buyers, sellers invited to trade exhibition in Sri Lanka

The Sri Lankan Embassy has invited buyers and sellers to participate in an exhibition to be held concurrently with the Commonwealth Heads of Government Meeting (CHOGM) 2013, scheduled to be held in Colombo from Nov. 13.

Anil Sirimanne, commercial counselor at the Sri Lankan Embassy, told Arab News that the event, which will discuss Sri Lanka’s trade, tourism and investment, will also coincide with the Commonwealth Business Forum (CBF), which will also be held in Colombo during the same period.

The Commonwealth is a voluntary association of 54 independent countries and the CHOGM is held every two years to enable leaders of Commonwealth countries to come together to discuss global and Commonwealth-related issues and to decide on collective policies and initiatives.

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Ten Prominent Business groups to represent Sri Lanka at Pakistan EXPO 2013

2013-09-26

Ten Prominent Business groups to represent Sri Lanka at Pakistan EXPO 2013

The High Commissioner of Pakistan in Sri Lanka Maj Gen (R) Qasim Qureshi hosted the Sri Lankan businessmen participating in Pakistan EXPO 2013 along with the officials of Export Development Board Sri Lanka, today at the High Commission of Pakistan prior to their departure for Karachi.

Ten companies from Sri Lankan representing various sectors such as tea, herbal cosmetics, commercial paints, bicycles, fruits & vegetables, textiles and pharmaceuticals sectors will attend the largest EXPO of Pakistan, from 26-29 September, 2013.

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Sri Lanka to hold exposition on Trade, Tourism & Investment in parallel to CHOGM

2013-09-24

Sri Lanka to hold exposition on Trade, Tourism & Investment in parallel to CHOGM

In order to maximize the opportunity presented by the upcoming Commonwealth Heads of Government Meeting (CHOGM) in November, Sri Lanka is holding an exposition on Trade, Tourism & Investment in parallel to the event

"Reflection of Sri Lanka" will be held at the Folk Art Center (Janakala Kendraya) in Battaramulla, a suburb of capital Colombo, from 13th to 17th November 2013.

The expo is organized by the Ministry of Economic Development, Ministry of Industry and Commerce, Sri Lanka Tourism, and Board of Investment (BOI) in collaboration with Sri Lanka Export Development Board (EDB) and in association with other government agencies.

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SL’s fruit and vegetable exports tops US$ 32.5 m

2013-09-20

SL’s fruit and vegetable exports tops US$ 32.5 m

Processors and exporters in combination have achieved as at today a 20 % increase in export revenue compared to last year, said Bandula Egodage, Chairman Export Development Board addressing the Lanka Fruit and vegetable Producers, Processors and Exporters Association's 32nd AGM on Wednesday.

He said the industry has earned US$ 32.5 million export earnings in 2012 which was very significant because members of the association were engaged in agriculture. He said the members of the association were playing a vital role in terms of rural development in Sri Lanka and was engaged in a huge CSR campaign which was more vital than figures. He said value addition was vital to overcome rising input costs.

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Partnering Lanka shines bright at Turkey’s Izmir, snaps-up immediate orders

2013-09-18

Partnering Lanka shines bright at Turkey’s Izmir, snaps-up immediate orders

Sri Lanka, honoured as the first ever Asian Partner country at the Izmir Int’l Fair series in Turkey, has successfully clinched several trade and business deals at this global event, while also pushing its historic trade ties with the easternmost NATO power to new levels.

“We consider Turkey as one of the most important Trade Partners with high potentials for trade growth, and the present bilateral trade at $ 190 Mn is a credible starting point towards bigger trade, which in turn, has shown an increasing trend over last five years” said Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) addressing the huge audience at the inaugural session of 2013 Izmir International Fair (the 82nd international multi-product exhibition series) on 29 August in Izmir, Turkey.

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Sri Lanka, China to close free-trade deal

2013-09-17

Sri Lanka, China to close free-trade deal

Sri Lanka and China will finalise a free-trade agreement ahead of a Commonwealth summit in Colombo in November, a government minister said on Tuesday.

The two sides have been hammering out details of the duty-free goods under the deal, Investment Promotion Minister Lakshman Yapa Abeywardena told reporters in Colombo.

China has been investing heavily in Sri Lanka, with loans and expertise instrumental in building ports, highways, railways and power plants in the Indian Ocean nation.

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Sri Lanka plans to export salt from Hambantota Port

2013-09-17

Sri Lanka plans to export salt from Hambantota Port

Sri Lanka, expecting a bigger salt harvest this year from the country's salterns, plans to export the excess salt.

The Chairman of Lanka Salts Ltd., Pradeep Wijesiriwardana has said that there will be excess salt when the salterns at Elephant Pass produce salts and the excess can then be exported.

Wijesiriwardana has said that the plans are already underway to export the excess production from the Hambantota port.

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Dutch biz in town

2013-09-06

Dutch biz in town

Dutch biz are bullish on Sri Lanka’s emergent prospects. “Sri Lanka’s historic links with the Netherlands have entered a new era. This strong business and investment delegation is the latest sign” said an upbeat Buddhi Athauda (Ambassador of Sri Lanka to the Netherlands) on 04 September in Mt. Lavinia.

Ambassador Athauda was addressing the inaugural event of the visiting Netherlands business and trade delegation to Sri Lanka on 04 September held at Mt Lavinia Hotel, Mt Lavinia. The delegation, which is on a week-long tour in Sri Lanka, and which arrived on same day (04 September) in Colombo, consisted of reps from such leading Dutch firms as JIMPP Media, Abos, Defteq International BV, Beursgenoten, Fleurons & Prins, Velema Holdings, and Zonel Energy Systems.

EDB facilitated presentations from various Lankan private sector firms-including Ceylon Tea, and Tourism- were made to the visiting delegation on 04 September at the Mt. Lavinia Hotel, followed by a successful B2B session between Dutch and Lankan biz that continued throughout the afternoon. Jimpp Media BV, a business programme producer is also part of the delegation. Ron Abdoelhafiezkhan, a well-known Dutch talk show host and a TV producer as well as JIMPP’s leading producer Ms Juliette Iperen with her TV crew are also in the delegation. The JIMPP TV crew is scheduled to start shooting for two half hour segments on Sri Lanka’s new developments, to be televised in Netherlands.

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Strengthening ties at EDB

2013-09-02

Strengthening ties at EDB

The Sri Lanka Export Development Board (EDB) celebrated its 34th anniversary recently. As a part of its anniversary celebrations, the formation of an Ex-EDB Employees society titled ‘Ex-EDB Employees Sansadaya’ was proposed, to strengthen the ties between the present and past employees of the EDB. The inaugural meeting and the get-together of the ‘Sansadaya’ was held on 23 August at the Cey-Nor Seafood Restaurant, Colombo, with the participation of present and past employees of EDB

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Israeli Trade delegation upbeat on investment prospects in Sri Lanka

2013-08-31

Israeli Trade delegation upbeat on investment prospects in Sri Lanka

A high end Israeli Trade delegation consisting of approx. 25 delegates from diverse sectors such as agriculture, dairy, the high tech industry, defence, insurance and water management sectors is currently visiting Sri Lanka in order to explore potential scope for collaboration between the two countries. The trade delegation which arrived on 26th August is led by Ambassador Sarath Wijesinghe, Sri Lanka’s Ambassador to Israel.

The objective of organizing the visit by the Sri Lanka Embassy in Israel with the assistance of the Export Development Board, the Chambers of Commerce and the Israel –Asia Chamber of Commerce in Israel was to highlight Sri Lanka’s comparative advantages as well as the variety of investment incentives available in the priority sectors of the Sri Lankan economy. This visit is also timely since there has been considerable growth in bilateral economic relations between Sri Lanka and Israel with trade doubling to US $ 158.35 million last year.

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Negotiations on bilateral cooperation of Belarus and Sri Lanka held at business forum

2013-08-27

Negotiations on bilateral cooperation of Belarus and Sri Lanka held at business forum

The delegation of Sri Lanka is interested in export of certain Belarusian goods such as sugar, tires and oil products. The heads of the states agreed on setting up joint ventures.

Joel Selvanayagam, the chair of the group of companies (Sri Lanka): "We have enormous potential and technologies. By uniting them we can advance our economies".

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Facets 2013, Sri Lanka’s Premier International Gem & Jewelry Show begins on August 29, 2013

2013-08-22

Facets 2013, Sri Lanka’s Premier International Gem & Jewelry Show begins on August 29, 2013

In accordance with the popular slogan “Come September Come Facets” the 23rd version of Sri Lanka’s premier International Gem & Jewelry Show, Facets 2013, eagerly awaited by all stakeholders in the international gem and jewelry trade and industry, is due to be held from August 29th to September 1st, 2013, at the usual venue, the Sirimavo Bandaranaike Memorial Exhibition and Convention Centre, part of the complex of buildings associated with the Bandaranaike Memorial International Conference Hall (BMICH), situated along Bullers Road, Colombo. The show is organized by the Sri Lanka Gem & Jewelry Association (SLGJA) and co-sponsored by the National Gem & Jewelry Authority (NGJA) of Sri Lanka and the Sri Lanka Export Development Board (SLEDB) .

The show will be held in the two large octagonal-shaped convention halls of the exhibition center, the main hall being reserved for the display of precious and semi-precious gems and the second hall allocated to jewelry, lapidary and other machinery used in the gem and jewelry industry. Around 200 exhibitors both local and foreign are due to be accomodated in both halls. The ceremonial opening of the show will be held at 9.00 a.m. on August 29, 2013 and the show will be open to visitors from 9.30 a.m. to 6.00 p.m. on August 29, and on the remaining three days August 30 to September 1, from 10.00 am to 6.00 p.m 

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Third global Potash power switches Lanka’s agro-automotive ignition!

2013-08-08

Third global Potash power switches Lanka’s agro-automotive ignition!

Belarus, world’s third largest potash power and an industry driven economy with a GDP equal to Sri Lanka, is bullish on Sri Lanka’s trade, B2B and more importantly, in its industries. And Belarus is gearing towards partnering in the kick-start of Sri Lanka’s crucial agro-automotive industry.

“46% of our GDP is industries! We have carefully studied about Sri Lanka’s economic and industrial zones and please tell us more about your 26 industrial zones that aroused our interest!” declared an eager (HE) Vitaly Prima (the New Delhi based Ambassador of Belarus to Sri Lanka) on 06 August in Colombo.

Prima, who is currently leading a 14 member trade and business delegation to Sri Lanka, was addressing Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) at Minister Bathiudeen’s Industry and Commerce Ministry on 06 August during his delegation’s meeting with Minister Bathiudeen.

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Lanka apparel exporters log on live to global Asycuda network

2013-08-01

Lanka apparel exporters log on live to global Asycuda network

Sri Lanka’s non-BoI apparel exporters have been now integrated to the crucial global network called Asycuda World (of UNCTAD). And having overcome the global recession, our apparel exports are now back on track-with good news. “Today, Sri Lanka’s apparel sector is entering into a new phase.

As a result of Sri Lanka’s non-BoI apparel manufacturers directly integrating into the online ‘Asycuda World’ system, we have now cleared a major bottleneck in our apparel exports” announced Rishad Bathiudeen, Minister of Industry and Commerce on 30 July in Colombo. Minister Bathiudeen was addressing the implementation event of the Asycuda World export documentation system for non-BoI apparel exporters held 30 July at the Ministry of Industry and Commerce.

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Govt. grants tax incentives to port users, enterprises to boost exports

2013-07-31

Govt. grants tax incentives to port users, enterprises to boost exports

President Mahinda Rajapaksa who is also the country’s Finance Minister has declared Sri Lanka’s four main ports, Colombo, Hambantota, Trincomalee and Galle as ‘Free Ports’.

Additionally, the President declared the Mattala Rajapaksa International Airport, the Katunayake Export Processing Zone and Koggala Export Processing Zone as ‘Bonded Areas’.

The declaration entitles enterprises which are 65 percent foreign-owned and operating through the specified areas to wide tax exemptions including provisions under the Customs Ordinance and Exchange Control Act.

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