14December2017

Athulatha

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Though India is investing several million on developing over 12 international ports, the three deep-sea Sri Lankan ports could still be productive, said Deputy Minister of Policy Planning and Economic Development Dr. Harsha De Silva. Speaking at a seminar at Lakshman Kadirgamar Institute he said after being in isolation for several years Sri Lanka is now engaging with the world and this is why GSP Plus and other incentives have come Sri Lanka’s way. This would be a tremendous advantage for the future economy of Sri Lanka. Meanwhile keynote speaker of the event Dr Ganeshan Wignaraja said that Sri Lanka…

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A Chinese business delegation led by Council for the Promotion of International Trade Shanghai (CPIT Shanghai) visited the Ceylon Chamber of Commerce recently to hold discussions to enhance commercial ties between Sri Lanka and China. The delegation which was led by Yang Jianrong, Chairman of the CPIT Shanghai, held discussions with the CEO of the Ceylon Chamber of Commerce, Dhara Wijayatilake and other senior Chamber officials, including Lilakshini De Mel, Senior Assistant Secretary General of the Chamber. During discussions, Jianrong said CPIT Shanghai is willing to work towards enhancing commercial ties between Sri Lanka and China. “Many Chinese firms are…

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Speaking at the ‘Tech4Trade’ event yesterday, the Minister said that with this in mind the 2017 budget would offer a series of concessions to entice more SMEs to export. He said that under the Unity Government, the country regained the GSP Plus facility and also managed to lift the EU fish exports ban. “This resulted very positively for Sri Lanka’s exports where there was an 82% increase in fish exports. In addition, there was 12.2% increase of apparel exports to EU last August.” “The government has also introduced several new tools such as Electronic Single Window and RMIS to simplify…

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Within four days of the Presidential level delegation from Sri Lanka successfully wrapping up its bilateral work in Doha, the State of Qatar is dispatching an official delegation led by an influential Qatari Minister to Colombo to move bilateral trade actions forward. Qatari Minister of Economy and Commerce Ahmed bin Jassim bin Mohamed al-Thani will be leading his 20-man delegation to Colombo for the second Joint Committee Meeting between both countries that will commence today in Colombo. This is one of the largest ever Qatari delegations to arrive in Sri Lanka for bilateral trade talks. Minister of Industry and Commerce…

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The Chinese government has pledged Yuan 2 billion in aid to Sri Lanka for the period 2018-2020, said Chinese Ambassador to Sri Lanka Yi Xianliang. The Chinese government’s commitment to develop capacity building, finance, technology and innovation spheres in Sri Lanka to give a further fillip to bilateral cooperation between China and Sri Lanka would continue, he said. Speaking at second edition of Huawei’s global Corporate Social Responsibility program, ‘Seeds for the Future’, that aims to nurture local ICT talent, last Friday, he highlighted the importance of developing the ICT and telecommunication sectors’ infrastructure in Sri Lanka. The Ambassador stressed…

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The CPC has currently undertaken a plethora of strategic plans which include infrastructure modernizations and expansion, aviation industry supply expansion, islandwide storage and distribution enhancement, overall sourcing and service improvements, etc. Sharing insights into these strategic projects, Chairman Ranatunga stressed that most of the projects earmarked by CPC will be undertaken with internal financing and the CPC is seeking the government’s support through budgetary allocations only to finance some of the mega projects. To this end, CPC has held discussions with the Finance Ministry to take these projects forward in a speedy manner. According to Ranatunga, the CPC is waiting…

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Sri Lanka is aiming to expand its presence in Qatar, specifically in the Qatari employment market, said Minister of Industry and Commerce Rishad Bathiudeen on Wednesday. Minister Bathiudeen was addressing the ‘Qatari-Sri Lankan Business Forum’ in Doha on October 25. According to the Department of Commerce Sri Lanka’s exports to Qatar remains low, averaging around US$ 14.5 million in 2016. Main export items from Sri Lanka include bananas including plantains in fresh or dried form, edible preparations, coconut milk powder, tea, sweet biscuits, apparel, vegetables in fresh or dried form etc, while products such as plastics, aluminium products, paper and…

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National Organizer of the National Freedom Front (NFF), Piyasiri Wijenaike yesterday, denounced the comments made by his own Party leader Wimal Weerawansa MP that a bomb attack should be launched on Parliament. Addressing a media briefing in Yakkala, former Minister Wijenaike said that he had confronted the NFF Secretary and sought answers to the comments made by Weerawanse. “As the National Organizer of the NFF, I questioned the Party Secretary as to why our leader had made such a comment when the Party’s Central Committee had taken no such decision. The comments made by Weerawansa were wrong. I can assure…

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With the arrival of four million tourists during the next two years, the tourism industry will become Sri Lanka’s second largest foreign exchange earner, Finance and Planning, Deputy Minister Dr. Sarath Amunugama made these remarks at the inaugural ‘Rising Star Awards -2017ceremony held at BMICH. The ceremony was conducted by the Hotels Association of Sri Lanka. (THASL). The objective of conducting the inaugural awards ceremony was to honor and encourage a large number of Sri Lankan youth who are engaged in the industry which brings a colossal amount of foreign exchange to Sri Lanka every year.Fourty six receptionists, public area…

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Sri Lanka’s credit and debit card growth has witnessed a 19.5% increase in the first six months of 2017 as against the previous year, said Visa Country Manager for Sri Lanka, Anthony Watson. Speaking to Daily News Business he said today there are over 19.5 million of cards in circulation in Sri Lanka which is around 90% of the population. “I think the main reason for this is the growth of E-Commerce industry. In addition aggressive promotions made by banks have also helped increased the card usage. In addition key infrastructure too has got in to place which makes card…

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