Category: Trade
National Export Strategy: Sri Lanka targets USD28Bn in exports by 2022
Jul 20, 2018 (LBO) – Sri Lanka’s government unveiling the ‘National Export Strategy (2018-2022)’ in Colombo yesterday said it plans to increase the capacity of the local export sector while also improving trade performance and competitiveness. The five-year plan will help to make Sri Lanka a major regional export hub with the launch of this […]
Sri Lanka Trade Information Portal to be unveiled tomorrow
July 19, 2018 (LBO) – Sri Lanka will unveil one of the biggest initiatives in its international trade history when the Department of Commerce launches the World Bank supported Sri Lanka Trade Information Portal (SLTIP) on Friday in Colombo. World Bank supported Trade Information Portals (TIP) across the world provide information that traders need to […]
National Export Strategy to be launched this week
Jul 16, 2018 (LBO) – Sri Lanka is to launch a long-awaited National Export Strategy (NES) later this week on the 19th. “The National Export Strategy (NES) is a fantastic opportunity for the private sector and the government to work together but the success of it will depend entirely on the political will of the incumbent […]
Sri Lanka – Singapore FTA: Over USD 16Bn investment projects under discussion
Jul 16, 2018 (LBO) – Projects with a total investment value of over US 16 billion dollars mainly in manufacturing for exports are the first projects to realize since the Sri Lanka-Singapore FTA was implemented on May 1, 2018, the Board of Investment (BoI) in Sri Lanka said.“Sri Lanka is gearing to reap the benefits […]
Transparency in tender procedures vital for attracting FDI inflows to Sri Lanka :EU
Jul 11, 2018 (LBO) – The 6th EU- Sri Lanka investor dialogue was held at the Ministry of Development Strategies and International Trade recently. Many of the earlier outstanding matters had been resolved through dialogue and the joint efforts of the Sri Lanka and EU authorities. “We have managed to resolve many of the issues that […]
Sri Lanka’s expenditure on tobacco use surpasses GSP+ export income
July 05, 2018 (LBO) – Sri Lankan consumers’ annual expenditure on cigarettes and tobacco is so high it surpasses the annual export revenue from EU GSP Plus, Industry and Commerce Minister Rishad Bathiudeen said. “Reports say that Sri Lankan consumers spend more than Rs 200 million per day for cigarettes,” Minister Bathiudeen said. “According to the World […]
Colombo Stock Exchange to launch new board for SME sector security listings
June 29, 2018 (LBO) – Sri Lanka’s Securities and Exchange Commission with the Colombo Stock Exchange will be launching a Small and Medium Enterprise Board for the SME sector next week. The SME Board which is to be launched for the first time in Sri Lanka will provide an opportunity for the SME sector to […]
Colombo Port shows second highest growth rate in global port rankings
May 30, 2018 (LBO) – Colombo Port has been ranked as the port that shows the second highest growth rate among container ports worldwide, Sri Lanka Ports Authority said. Ports Authority said Colombo Port recorded a 16.2 percent growth for the 1st quarter 2018 over the same quarter last year according to Alphaliner monthly 2018. […]
Facebook to empower youth & entrepreneurs in Sri Lanka
May 15, 2018 (LBO) – Facebook’s global ‘Boost Your Business’ program is now available for the youth and entrepreneurs of Sri Lanka. Facebook has partnered with the ICTA of Sri Lanka to train 10,000 small business owners across the country by the close of 2018. In the first phase, the programmed will cover Colombo, Galle, […]
Sri Lanka GDP will grow at 3.7-pct in Q1
May 14, 2018 (LBO) – Sri Lanka’s will grow at 3.7 percent in the first quarter of 2018, althought this below the islands potential, the Governor of the Central Bank said. “The growth will be supported by the services sector, but is still below potential,” Dr. Indrajit Coomaraswamy, Central Bank Governor told reporters in Colombo recently. The Monetary […]
Sri Lanka Ports Authority posts 15.3-pct growth in 1Q 2018
May 07, 2018 (LBO) – Sri Lanka Ports Authority has recorded a total growth of 15.3 percent in terms of profits for the first quarter of 2018 with Colombo Port alone posting a 16.2 percent growth. In 2017, Sri Lanka Ports Authority (SLPA) posted 45.6 billion rupees as revenue and a net profit after tax […]
‘s massive OBOR hub for Asia bullish on Sri Lanka FTA
Apr 25, 2018 (LBO) – The South East Asian Gateway Province to mainland China’s ambitious One Belt-One Road (OBOR) initiative voiced its impatience to witness the historic Sri Lanka – China FTA’s take-off – so that bigger bilateral trade would become a reality soon. “Currently total bilateral trade between Yunnan and Sri Lanka is only US […]