Category: Trade

Dec 17,2014 (LBO) – Sri Lanka’s Hatton National Bank (HNB), a private lender entered into an agreement with The Export-Import Bank of Korea’ (KEXIM)recently to establish a revolving credit line of 50 million US dollars to finance trade between Sri Lanka and Korea, the bank said in a media release. With foreign trade between Sri […]

Dec 13, 2014 (LBO) – Sri Lanka’s exports declined by 13.7 percent, to 899 million US dollars in October 2014 from a year earlier with largest contribution from textiles and garments followed by transport equipment and rubber products, all of which are categorized under industrial exports, official data showed. Apparel exports were down 8.7 percent […]

Dec 10, 2014 -Sri Lanka’s provisional merchandise (only) exports surged by 8.79 percent to 9.104 billion dollars in the months of January to October 2014, the export development board (EDB) said. Italy appears to overtake India to become the third largest export market as provisional exports to Italy jumped by a strong 29 percent. US […]

Dec 01, 2014 (LBO) – Sri Lanka had been asked to promote trade with Vietnam through Free Trade Agreements as there was a vast unrealised trade potential between the countries, an official of Vietnam Embassy said. There is huge unrealised trade potential between both countries that we need to explore, Ms. Phan Kieu Thu, Vietnam’s […]

Nov 25, 2014 (LBO) – Sri Lanka export developmwnt board signs a memorandam of understanding (MOU) with China Council for the Promotion of International Trade of Guangdong (CCPIT-Guangdon) to pave the way for both countries to share information and promote businesses, a media release said. Today’s MOU aims to exchange market information and relevant publications, […]

Oct 02, 2014 (LBO) – Sri Lanka has been invited to invest and set up firms in Malaysia by the Malaysian Investment Development Authority, the investment promotion agency of Malaysia, Ceylon Chamber of Commerce said in a media release. This invitation was made by the official of Malaysian Investment Development Authority (MIDA), when they met […]

Oct 01, 2014 (LBO) – Recognising a help and expressing gratitude for it is a worthy human gesture. This applies to groups, societies, or even countries. Non recognition of a helping hand given is considered unkind and disgraceful. Worse is when parties unrelated are praised when the true helper is elsewhere unrecognised. In Sinhalese tradition, […]

Aug 15, 2014 (LBO) – Netherlands is seeking more trade and investment links with Sri Lanka in agriculture, water and health seen as growth areas, with funding also available, officials said. “We are actively looking for new trading partners around the world,” visiting Dutch Vice-Minister for Foreign Trade Simon Mits, who led a trade mission […]

July 14, 2014 (LBO) – Sri Lanka’s exports rose 11.1 percent to 882.1 million US dollars in May 2014 from a year earlier led by apparel exports that rose 14.5 percent to 365.1 million US dollars, official data showed. Agriculture exports rose 21.1 percent to 239.9 million US dollars with tea up 9.7 percent to […]

June 20, 2014 (LBO) – Sri Lanka’s exports grew 9.4 percent to 762.2 million US dollars, while imports fell 5.3 percent in April from a year earlier, amid weak domestic credit, allowing foreign reserves to grow, official data showed.However Sri Lanka’s credit growth has been weak or negative in the past few months. When domestic […]

May 26, 2014 (LBO) – Sri Lanka’s exports surged 28.6 percent in March 2014 from a year earlier to 1,069.9 million US dollars with apparel up 32.6 percent keeping the momentum seen from the last quarter as Western economies recovered. The trade gap narrowed 13.5 percent 1,816 million US dollars in the first three months […]

May 21, 2014 (LBO) – Demand from US retailers have softened in recent months but European demand was still strong, Textured Jersey, a Sri Lanka based textile maker said. Revenues grew 7 percent to 3.2 billion rupees, costs grew 6.2 percent to 2.8 billion rupees and the firm grew gross profits 13.9 percent to 402 […]