Category: Trade
MODSIT to fast track German investments in Sri Lanka
Oct 04, 2019 (LBO) – The Ministry of Development Strategies and International Trade (MODSIT) and the Board of Investment of Sri Lanka held an interactive meeting titled the German Sri Lankan Fast Track Dialogue with the German investor community, to address any issues faced by investors from Germany currently operating in Sri Lanka. The German […]
Sri Lanka trade deficit widens in July; export earnings decline
Sep 26, 2019 (LBO) – The trade deficit widened in July 2019 as exports fell more than the decline in imports, new data shows. Export earnings recorded a decline of 7.0 percent (year-on-year) after a steady growth for several months while import expenditure declined by 2.2 percent (year-on-year) in July 2019, data from the Central […]
Mastercard Track to modernize USD125Tn global B2B payments market
Advances in technology and actionable real-time data are driving businesses to operate faster and smarter. Yet, business payments are often rooted in legacy practices established decades ago. Until now. Mastercard (NYSE: MA) today unveiled its plans to modernize the business-to-business (B2B) payment ecosystem with Mastercard TrackTM. The Track brand of products represents a transformational change […]
EU delegation visits Katunayake export zone
Sep 16, 2019 (LBO) – A delegation consisting of five senior officials of the European Commission visited the Katunayake Export Processing Zone recently in connection to Sri Lanka’s GSP + status. The delegation consisting of Thorsten Bargfrede, Charged’ Affaires and head of political, trade and communication section, Walter Van Hattum, coordinator GSP trade preferences, trade […]
American Chamber of Commerce in Sri Lanka calls upon Govt to approve MCC
Sep 03, 2019 (LBO) – The American Chamber of Commerce in Sri Lanka calls upon the Government to approve the Millenium Challenge Corporation (MCC) Compact, considering the advantageous impact the MCC will have on the country’s economy. Releasing a statement, the chamber urged the government to make this a priority before MCC’s Board of Directors […]
CCC holds 18th AGM of Sri Lanka – China Business Council
Sep 03, 2019 (LBO) – The 18th annual general meeting of the Sri Lanka – China Business Council (SLCHBC) of the Ceylon Chamber of Commerce was held recently at Taj Samudra Colombo with Yang Zuoyuan, commercial counsellor, Embassy of People’s Republic of China was the chief guest. Thulitha Mendis, director – commercial, Singer (Sri Lanka) […]
Ceylon Chamber announces Sri Lanka investment and business conclave 2019
The Ceylon Chamber of Commerce in association with the Ministry of Development Strategies and International Trade, Ministry of Foreign Affairs, Ministry of Finance, Ministry of Industry and Commerce, Board of Investment of Sri Lanka, the Department of Commerce and the Sri Lanka Export Development Board will be organizing Sri Lanka Investment and Business Conclave 2019 […]
Sri Lanka – Germany fast track dialogue to assist investors and tourism
Jul 03, 2019 (LBO) – The Sri Lanka – Germany fast track dialogue was held recently at the Ministry of Development Strategies and International Trade with the objective of addressing central issues faced by German enterprises operating in Sri Lanka under the BOI as well as facilitate new investments. Malik Samarawickrama, minister of Development Strategies […]
Sri Lanka Tourism Alliance launches #LoveSriLanka initiative
May 28, 2019 (LBO) – In the wake of the Easter Sunday outrage, several hoteliers came together to form the Sri Lanka Tourism Alliance, launching its #LoveSriLanka initiative. The Alliance’s main focus is the creation of an enabling online platform & community to promote & support Sri Lanka’s return to the norms of island life, […]
News item titled “Pakistan’s trade with Sri Lanka comes to a halt” is fake: SL High Commission
May 23, 2019 (LBO) – Sri Lanka’s High Commission in Islamabad, Pakistan said the news item titled “Pakistan’s trade with Sri Lanka Comes to a halt” which appeared in The Express Tribune of Pakistan on 20 May 2019 is fake news. Releasing a statement, the High Commission said this fake news item has been published […]
‘s private sector opposes SLPA tariff hike at this juncture
May 04, 2019 (LBO) – Sri Lanka’s private sector firms have strongly opposed the unilateral decision by the Sri Lanka Ports Authority (SLPA) to increase port tariffs.In a joint statement, the private sector representatives involved in the import-export business said the opposition to the tariff hike is based on several reasons. “Amongst them is the […]
HappyMarket.lk Helping Small Entrepreneurs Bust the Sales Barrier
By Jekhan Aruliah If your objective is to make money you’d better be sure you know how to sell. If you need to feed and house and educate your family. Or you need to impress your colleagues with the latest baubles, gadgets and fancy cars. Whether you are coding apps, handmaking ornaments, cultivating mangoes, or […]