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Exports a billion dollars for the 3rd time in 2020 - Export Performance in September 2020

2020-10-13

Exports a billion dollars for the 3rd time in 2020 - Export Performance in September 2020

Sri Lanka’s merchandize exports have surpassed the $ 1 billion mark in September after July during this year. Export Development Board (EDB) Chairman Prabhash Subasinghe said, “I am extremely pleased to see $1 Billion of exports in September.

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EDB targets over USD 13 b export income this year

2020-09-27

EDB targets over USD 13 b export income this year

The revised export target of the Export Development Board for 2020 is US$ 13.39 billion and of that we expect US$ 9.57 billion from merchandise exports and US$ 3.82 billion from services exports, EDB Chairman Prabhash Subasinghe said. He said the EDB has presented 11 project proposals for the 2021 Budget while continuing the National Export Strategy to develop a vibrant export industry.

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Sri Lanka Export Development Board proposes export stimulus reward scheme for exporters

2020-09-25

Sri Lanka Export Development Board proposes export stimulus reward scheme for exporters

The commendable performance of Sri Lankan exporters and the resilience shown during an unprecedented COVID 19 pandemic is to be rewarded by the Sri Lanka Export Development Board, of the Ministry of Trade, through a proposed export stimulus Reward Scheme.

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President led first Export Development Council kicks off new initiatives

2020-09-24

President led first Export Development Council kicks off new initiatives

The first meeting of the Export Development Council (EDC) was held yesterday under the patronage of President Gotabaya Rajapaksa, focused on resolving issues related to exports in tandem with the National Export Strategy (NES) to be a game-changer in the post-COVID-19 economic transformation of Sri Lanka.

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E-commerce Readiness Assessment Report Sri Lanka launched

2020-09-22

E-commerce Readiness Assessment Report Sri Lanka launched

E-commerce Readiness Assessment Report Sri Lanka was launched by the Commonwealth Secretariat (COMSEC) in collaboration with the Sri Lanka Export Development Board (EDB). The report is the result of a request by the EDB in 2018 for technical assistance from COMSEC to conduct an e-readiness assessment for Sri Lanka and undertake capacity-building programmes on e-commerce for SMEs and women entrepreneurs. The project was funded by COMSEC through the Commonwealth Fund for Technical Cooperation (CFTC). The publication comes at a time when businesses in Sri Lanka were compelled to exploit e-commerce mechanisms in the wake of lockdowns and travel restrictions due to COVID-19.

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The V shape recovery of Exports further up in July

2020-08-14

The V shape recovery of Exports further up in July

Sri Lanka’s exports have surpassed the $ 1 billion mark in July after six months time period where a similar achievement was only recorded in January during this year.

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Sri Lanka’s IT-BPM industry: A beacon of resilience in the face of COVID-19

2020-05-19

Sri Lanka’s IT-BPM industry: A beacon of resilience in the face of COVID-19

‘Drifting the curve’ is the SLASSCOM industry strategy for building momentum to come out of the ‘corner’ (current situation) stronger. When race car drivers approach a bend on the track, unlike ordinary drivers who slow down, they accelerate. This is known as ‘drifting the curve’. It’s all about how much momentum you have when you come out of the corner.

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EDB Chief calls on Govt. to extend financial moratorium to all exporters

2020-03-24

EDB Chief calls on Govt. to extend financial moratorium to all exporters

The Government should extend the financial moratorium to all exporters, as merchandise exports will be the first to bounce back after the COVID-19 crisis is controlled, a top official said.

“The moratorium on loans and interests that the Government has introduced to the apparel, tourism, IT and SME sectors should be extended to all exporters. Merchandise exports will be the first to recover and help the economy,” Export Development Board (EDB) Chairman Prabhash Subasinghe told Daily FT.

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EDB Chief wants export boom to be everyone’s priority

2020-01-31

EDB Chief wants export boom to be everyone’s priority

Export Development Board (EDB) Chairman Prabhash Subasinghe yesterday urged that boosting exports must be everyone’s priority, as the key agency set an ambitious yet achievable target of $ 18.5 billion this year, up by 15% from 2019. EDB revealed that as per provisional data, last year Sri Lanka’s total merchandise and service exports amounted to $ 16.14 billion up by 1.44% from 2018. The composition was merchandise exports were $ 11.9 billion, up 0.13% and service exports were $ 4.2 billion, up by 5.3% from 2018. EDB originally targeted $ 18.5 billion exports for 2019, and the estimated performance reflects achievement of 87% of the goal.

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SOUTH ASIA’S FIRST ALL ELECTRIC SUPER CAR LEAVES SRI LANKA FOR GENEVA INTERNATIONAL MOTOR SHOW

2020-01-23

SOUTH ASIA’S FIRST ALL ELECTRIC SUPER CAR LEAVES SRI LANKA FOR GENEVA INTERNATIONAL MOTOR SHOW

Vega Innovations, a subsidiary of CodeGen International (Pvt) Ltd., creates history once again as the Vega EVX, Sri Lanka’s and South Asia’s first fully Electric Supercar is shipped out to Switzerland, to be unveiled at the 90th Geneva International Motor Show, 5-15 March 2020. The vehicle was shipped from the Colombo harbour on Sunday the 19th of January 2020 and will reach its destination in late February.

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Lankan FinTech companies participate in Singapore Fintech Festival 2019

2019-11-19

Lankan FinTech companies participate in Singapore Fintech Festival 2019

Funded by the Economic Diplomacy Program of the Ministry of Foreign Affairs, 12 Sri Lankan FinTech companies participated in the Singapore Fintech Festival (SFF) 2019 following a successful project proposal submitted by the Sri Lanka High Commission in Singapore. This is the first occasion that Sri Lanka participated at the Festival.

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Sri Lanka wins Bronze Medal and Judges’ Award in Robotics Olympiad

2019-11-01

Sri Lanka wins Bronze Medal and Judges’ Award in Robotics Olympiad

Sri Lanka reached the semi-finals of the FIRST Global Challenge, an annual Robotics Olympiad that was held this year in Dubai from 25-27 October with 189 countries participating. The team also won the Judges’ Award for Technical Excellence for the best designed robot for the second year running.

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We wouldn’t be globally successful without Sri Lanka: IFS

2019-10-29/ http://www.ft.lk/front-page/We-wouldn-t-be-globally-successful-without-Sri-Lanka-IFS/44-688568

We wouldn’t be globally successful without Sri Lanka: IFS

Global enterprise applications company IFS with over $ 700 million in revenue said recently it wouldn’t have been successful without Sri Lanka where it relies heavily for development, product and customer support and innovation.

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EDB organises Sri Lanka pavilion at GITEX Technology Week

2019-10-23/ http://www.ft.lk/business/EDB-organises-Sri-Lanka-pavilion-at-GITEX-Technology-Week/34-688158

EDB organises Sri Lanka pavilion at GITEX Technology Week

The Sri Lanka Export Development Board (EDB) organised a Sri Lanka country pavilion at the GITEX Technology Week, held from 6-10 October.

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Sri Lanka plans big for 6 month long Expo 2020 Dubai

2019-10-18/ Source at: Daily Mirror

Sri Lanka plans big for 6 month long Expo 2020 Dubai

Sri Lanka yesterday launched the official website announcing the country’s participation in the six-month long Expo 2020 Dubai, anticipating a major boost to exports, tourism and investments while looking to enhance the country’s brand value and image globally.

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Sri Lanka discusses Expo 2020 participation with UAE envoy

2019-10-16/ Daily Mirror E-Paper

Sri Lanka discusses Expo 2020 participation with UAE envoy

Indira Malwatte, Chairperson & Chief Executive of EDB and the Commissioner General of Sri Lanka for Expo 2020 Dubai together with the private sector stakeholders; Secretary Generals of the National Chamber of Exporters and National Chamber of Commerce of Sri Lanka, Shiham Marikkar and Bandula Dissanayake and the Co- Chair Planning Sub Committee of Expo 2020 Dubai, Fazal Mushin met Ahmed Ali Ibrahim Al Mualla, the ambassador for UAE in Sri Lanka this week at the embassy premises to further strengthen Sri Lanka’s commitment in participation at Expo 2020 Dubai and to review the progress made so far.

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Iconic Sri Lankan Cricketers Mahela and Kumar - Sri Lanka’s Brand Ambassadors for Expo 2020 Dubai

2019-10-14

Iconic Sri Lankan Cricketers Mahela and Kumar - Sri Lanka’s Brand Ambassadors for Expo 2020 Dubai

Mahela Jayawardena and Kumar Sangakkara - two of the most iconic cricketers produced by the country has come on board as Sri Lanka’s Brand Ambassadors for Expo 2020 Dubai organized by the Sri Lanka Export Development Board (EDB) as a public private cooperation project .

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Poland and Sri Lanka strengthen bilateral trade relationship

2019-10-12/ http://www.ft.lk/front-page/Poland-and-Sri-Lanka-strengthen-bilateral-trade-relationship/44-687495

Poland and Sri Lanka strengthen bilateral trade relationship

In a bid to strengthen the bilateral trade relationship between Poland and Sri Lanka, LOT Polish Airlines will accompany a trade delegation to Colombo from Warsaw.

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BoardPAC successfully establishes footprint in Africa

2019-10-01/ http://www.ft.lk/business/BoardPAC-successfully-establishes-footprint-in-Africa/34-686765

BoardPAC successfully establishes footprint in Africa

As the most awarded board automation solution with a leading market share in Asia, BoardPAC, in its mission to be ranked number one globally, has firmly established its name in the African region.

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EDB successfully concluded the 23rd Presidential Export Awards Ceremony

2019-09-20

EDB successfully concluded the 23rd Presidential Export Awards Ceremony

The 23rd Presidential Export Award Ceremony (PEA) organized by the Sri Lanka Export Development Board (EDB) was successfully held on 19th September 2019 under the patronage of His Excellency the President of Sri Lnaka at the Bandaranaike Memorial International Conference Hall (BMICH), Colombo with the participation of the large number of exporters. The award winners were presented a prestigious PEA Trophy and a Certificate & they have the privilege to use the “Award Logo” as a marketing tool for a 3 year period.

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