Category: Trade
“Doing our best to live up to expectations of PM”: Harsha
Feb 10, 2016 (LBO) – Sri Lanka’s Deputy Minister of Foreign Affairs assures that although there is some frustration at the Prime Ministers level with regards to Foreign Ministry performance, they are doing their utmost to prove themselves. “We are a new and liberal government and we need to get on with it. Most importantly […]
Sri Lanka’s Distilleries December net up 10.7 pct
Feb 08, 2016 (LBO) – Net profits at Sri Lanka’s Distilleries Group, the island’s largest alcohol maker, rose 10.7 percent to 1.78 billion rupees in the December 2015 quarter form a year earlier, interim accounts showed. In the December quarter, total revenues rose 36 percent to 23.58 billion rupees and cost of sales rose at […]
Interview: Sri Lanka centrally placed, ETCA will open more doors, says Harsha
Feb 08, 2016 (LBO) – The stage is now set for Sri Lanka to be the driving force in the South Asian region, Deputy Minister of Foreign Affairs said. “We have the god given advantage of being in the middle of this (the region) and we need to utilize this,” Harsha de Silva, Deputy Minister […]
Interview: Sri Lanka needs to be brave and open up, says Harsha
Feb 03, 2016 (LBO) – Sri Lanka’s Deputy Minister of Foreign Affairs said that closing boarders in fear will not help small countries like Sri Lanka to move forward. “Look at Vietnam they are opening up and signing the Trans Pacific Partnership – they brought in close to 15 billion dollars in foreign direct investments […]
U.S. Trade Representative Delaney meets Sri Lanka govt officials
Feb 03, 2016 (LBO) – Assistant U.S. Trade Representative for South Asia Michael J. Delaney met with Sri Lanka government, trade, and business officials this week ahead of the upcoming Trade and Investment Framework Agreement (TIFA) talks in Washington. Delaney met with Minister of Development Strategy & International Trade Malik Samarawickrema and representatives from the […]
Minister Hakeem to visit Turkey seeking Sri Lanka tea expansion
Feb 03, 2016 (LBO) – Sri Lanka Muslim Congress Leader and City Planning Minister Rauff Hakeem will undertake a week-long official visit to Turkey as part of the Prime Minister’s initiative to expand the market for Sri Lankan tea. Minister Hakeem is on a mission to explore the possibility of increasing the volume of tea […]
Vietnam can access South Asian markets through Sri Lanka: Harsha
Jan 31, 2016 (LBO) – Sri Lanka’s Deputy Minister of Foreign Affairs said the island intends to strengthen and forge stronger economic links with Vietnam while the nation could enter the South Asian market through investments here. “More and more Vietnamese business ventures could explore the potential of Sri Lanka’s business and market environment where […]
Sri Lanka imposes taxes on import of Mackerel fish
Jan 28, 2016 (LBO) – Sri Lanka will impose taxes for importing of tinned mackerel fish under a proposal brought to cabinet by Fisheries Minister Mahinda Amaraweera. In 2013 taxes on imported canned fish was increased to 100 rupees per kilogram to encourage the local production and it was reduced to 50 rupees as a […]
EU Export Helpdesk provides support for exporters
Jan 27, 2016 (LBO) – The various conditions for exports to the European Union can be referred through the online EU Export Helpdesk, a European Commission official said at the recently held EU-SL Trade seminar. The site provides conditions for products exported to the EU such as health, technical standards and marketing standards as well […]
Proposals to be called for Hambantota Port Industrial Zone
Jan 25, 2015 (LBO) – Sri Lanka’s government plans to call for proposals to set up industries in the Hambantota Port’s Industrial Zone under the Hambantota Port Development Project, the Information Department said. Sri Lanka Ports Authority has prepared the business plan in order to identify the business ventures that could be undertaken under the […]
Sri Lanka targets USD5 bn FDI in next three years, Malik to visit China
Jan 18, 2016 (LBO) – Sri Lanka is targeting five billion US dollars worth of foreign direct investments (FDI) in the next three years, Minister of Development Strategies and International Trade said. “We are targeting 5-6 billion US dollars in FDI the next three and I am quite optimistic that we will get there,” Malik […]
Manning Market to relocate, area for transportation facilities
Jan 14, 2016 (LBO) – The Cabinet has decided to relocate the Manning Market from Colombo port to Peliyagoda area and utilize the premises for public transportation facilities. Colombo, Fort areas have been recognized as a combined development zone under the Colombo City Development Plan (2008-2020) prepared by the Urban Development Authority. Accordingly, it is […]