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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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Wellness webinar series enlightens stakeholders to the potential of the sector

2020-07-28

Wellness webinar series enlightens stakeholders to the potential of the sector

Bringing the best of Wellness Tourism to a domestic audience, the Sri Lanka Wellness Tourism Association (SLWTA) and the Export Development Board (EDB) concluded its third and final webinar of a tri-part series – Wellness: A New Paradigm in Sri Lankan Tourism, recently. Culminating with its final session on 10 July, a panel of high-profile industry experts comprising of Prof. Lal Chandrasena, GM, Nawaloka Hospitals; Dr. Lakith Peiris, MD, Hemas Hospitals; Dr. Shantha Godagama, President, UK Ayurvedic Medical Association; Dr. Palitha Serasinghe, Founder and Chairman of Setramed UK; Shalin Balasuriya, Co-Founder of SPA Ceylon; shared several exceptional insights, with Trevor Reckerman, Chairman, SLWTA summarising how Sri Lanka can position itself in the global wellness industry, through a well structured national action plan.

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EDB licenses ‘Ceylon Spices’ trademark to preserve originality

2020-07-27

EDB licenses ‘Ceylon Spices’ trademark to preserve originality

To strengthen quality and preserve originality, the Export Development Board (EDB) has kicked-off licencing of ‘Ceylon Spices’ trademark for qualifying producers, processors and exporters of cinnamon, pepper, clove, nutmeg and mace as well as cardamom.

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EDB webinar on market opportunities in Germany and Europe for electronic and electrical exporters

2020-07-20

EDB webinar on market opportunities in Germany and Europe for electronic and electrical exporters

The Sri Lanka Export Development Board (EDB), with the assistance of the Embassy of Sri Lanka in Germany and the Ministry of Foreign Relations, organised a free webinar on 15 July, on matchmaking and market entry opportunities available for Sri Lankan electronic and electrical sector exporters.

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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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Sri Lankan Pavilion organized by the EDB at Anuga International Food Exhibition in Cologne, Germany

2019-12-11

Sri Lankan Pavilion organized by the EDB at Anuga International Food Exhibition in Cologne, Germany

The Export Development Board (EDB) in collaboration with the Sri Lanka Consulate in Frankfurt facilitated participation of Sri Lankan exporters at Anuga 2019, one of the leading world food exhibitions held in Cologne Germany from 5th – 9th 2019.

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Sri Lankan firms secure fruitful results at China International Import Expo

2019-11-27

Sri Lankan firms secure fruitful results at China International Import Expo

The Export Development Board (EDB), in collaboration with the Sri Lanka Consulate General in Shanghai, facilitated Sri Lanka’s participation in the second China International Import Expo (CIIE) held in Shanghai, China from 5-10 November.

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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’s first ever participation at Grocery Innovation Canada (GIC) 2019

2019-11-13

Sri Lanka’s first ever participation at Grocery Innovation Canada (GIC) 2019

Sri Lanka Export Development Board organized an Export Promotional Mission to Toronto in Canada from 20 to 23 October 2019 in collaboration with the Sri Lanka Consulate in Toronto. The Ministry of Foreign Affairs of Sri Lanka partnered under the Economic Diplomacy Program (EDP) which enabled to organize Sri Lanka Pavilion at GIC in successful manner.

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Sri Lanka Wellness Tourism Sector Participation at the “World Travel Market (WTM) London 2019”

2019-11-06

Sri Lanka Wellness Tourism Sector Participation at the “World Travel Market (WTM) London 2019”

The wellness pavilion at the World Travel Market (WTM) 2019 was formally inaugurated with the ribbon-cutting and opening ceremony attended by H.E the High Commissioner of the Sri Lanka High Commission in UK, Sri Lanka Tourism Promotion Bureau, Sri Lanka Export Development Board and representatives from the participating companies of the Sri Lanka’s Wellness Tourism Industry.

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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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Public-private collaboration to boost export sector

2019-10-29

Public-private collaboration to boost export sector

Involvement of the public and private sector in the development of the country’s economy has been the trend in the world for the past few decades. It is not possible to achieve any sector development by focusing interventions solely on the private or public sector. In fact, many of the challenges faced by the private sector can be overcome only in partnership with the public sector.

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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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