Category: Trade
Sri Lanka’s rupee move positive for IT BPO industry: official
Sep 17, 2015 (LBO) – Sri Lanka’s IT BPO sector, a thriving industry which targets a five billion dollar export revenue in 2022, is benefiting from the current rupee depreciation in the island. “When there is a rupee depreciation here other countries will see Sri Lanka as a low cost destination,” Jeevan Gnanam, director operations […]
Sri Lanka and India to sign a new trade agreement in 2016
Sep 15, 2015 (LBO) – Prime Ministers of India and Sri Lanka on Tuesday pledged to strengthen rapid economic development in both countries through a new agreement based on trade, economy, investment and technology. The statement issued by the Sri Lankan Prime Minister’s office said the draft agreement will be prepared in December this year […]
Sri Lanka export financing can drive export growth: Verité Research
Sep 15, 2015 (LBO) – Sri Lanka should recognize the importance of export financing especially with regard to the small and medium scale sector to expand existing exports to the world, Verité Research said.Sri Lanka’s share of exports to GDP was 15 percent last year and has been on a declining trend since 2000.The research […]
High number of Sri Lanka vehicle registrations continue: JB Securities
Sept 14, 2015 (LBO) – Vehicle registration momentum continued into August although in most categories the numbers were lower than the all-time records set in July, JB Securities said in a research note. Total registrations were 50,555 in August lower than 62,221 recorded in July – the main contributor to the slowdown was a fall […]
Sri Lanka fruit exports up 51 pct, vegetables up 25 pct in 2014: CCC
Sep 09, 2015 (LBO) – Sri Lanka’s earnings from exports of fruits and vegetables during the year 2014 has increased compared to the previous year, the Ceylon Chamber of Commerce said. Referring to a study conducted by them, the chamber said earnings from fruit exports has seen the biggest jump, accounting for a 51 percent […]
Sri Lanka to boost trade with Vietnam, Myanmar, Thailand through business forum
Sep 08, 2015 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce (CCC) will host a business forum with the aim of boosting trade and investments Vietnam, Myanmar and Thailand, the CCC said in a statement. The forum will be held on September 11 with the presence of envoys from the three countries, honorary consuls and […]
Sri Lanka, Australia bilateral trade up 18-pct in 2014
Sep 04, 2015 (LBO) – Two-way trade in goods between Australia and Sri Lanka has recorded an 18 percent increase last year over the previous year, Australian High Commissioner in Sri Lanka said.Speaking at a recent event High Commissioner Robyn Mudie said the bilateral trade in goods has reached 420 million Australian Dollars in 2014.“Our […]
Time to focus on areas other than human rights: Mangala
Aug 31, 2015 (LBO) – Sri Lanka needs to focus on areas other than human rights in order to ensure long-term peace and stability, Foreign Minister Mangala Samaraweera said. Addressing diplomats based in Colombo recently, Samaraweera said the key to ensuring long-term peace and stability and preventing the recurrence of conflict is through strengthening the […]
Malaysia Trade Corp to fund infrastructure projects in Sri Lanka
Aug 25, 2015 (LBO) – The Malaysia External Trade Development Corporation (MATRADE) is to fund infrastructure projects in Sri Lanka through Malaysia’s EXIM bank, an official said.MATRADE is ready to work with Sri Lanka in the areas of property development, monorail, railway infrastructure development, port operations, real estate, and constructions of resorts.“The funding into projects […]
Sri Lanka to ink trade promotion MoUs with Hong Kong, Thailand and Korea today
Aug 24, 2015 (LBO) – Sri Lanka will sign three memorandums of understanding with Hong Kong, Thailand and Korea on Monday to boost regional trade, the Export Processing Board said. The board said Sri Lanka-Hong Kong’s HKTDC, Sri Lanka-Korea’s KOTRA and Sri Lanka-Thailand’s DITP are the three MoUs scheduled to be sign today. The signing […]
Sri Lanka to export bananas to China
Aug 09, 2015 (LBO) – Sri Lanka’s agricultural ministry is to sign an agreement with China to supervise quality in bananas that will be exported to China, Government Spokesman Rajitha Senaratne said.The agreement on phytosanitary requirements for banana exports will be signed between China’s General Administration of Quality Supervision, Inspection and Quarantine and the Quarantine […]
Sri Lanka exporters urged to be focused and add value: Harsha de Silva
July 30, 2015 (LBO) – Sri Lanka’s exporters should focus and export more value added goods and services with a target of surpassing Gross domestic product (GDP), Deputy Economic Policy Minister Harsha de Silva said.“I would like to see exports to GDP surpassing, that means more than 100 percent of GDP,” Silva said.“So that is […]