BOI promotes Sri Lanka at Tel Aviv Business Forum

Published : 12:00 am  July 18, 2014  |  Category: Business  |  Leave a Comment  |  267 views  |  

The Board of Investment of Sri Lanka recently engaged in promotion of investment at an important event held in Tel Aviv, Israel. BOI Chairman Dr. Lakshman Jayaweera briefed the business community of Israel on the potential Sri Lanka has to offer to Israeli investors.  His presentation covered Sri Lanka’s strategic position, business friendly climate and attractive regime of incentives offered to investors.  He was assisted by Duminda Premaratne, Deputy Director (Investment Promotion). The Israeli private sector representatives present at the Forum included entrepreneurs engaged in a wide range of sectors such as tourism, high-tech industries, water, energy, medical equipment manufacturing,... 


SL B&B platform enters second phase with renewed vigour and stewardship

Published : 12:00 am  July 18, 2014  |  Category: Business  |  Leave a Comment  |  134 views  |  

The Sri Lanka Business and Biodiversity (SL B&B) platform of the Ceylon Chamber of Commerce recently appointed its second Advisory Committee for its new term of operation. The overall mandate of the platform is to encourage dialogue amongst stakeholders, and to help raise awareness on biodiversity and sustainability issues amongst the Sri Lankan business community. Working to assist companies in understanding and mainstreaming biodiversity, the platform has the ultimate aim of ensuring that a majority of companies will eventually be on a sustainable ecological footing with a vastly reduced negative impact upon biodiversity. The Advisory Committee’s newly appointed Chairman Dilhan C. Fernando... 


EDB enters WTO’s global benchmark

Published : 1:45 am  July 17, 2014  |  Category: Business  |  Leave a Comment  |  376 views  |  

Confidential int’l ranking places EDB close to OECDs EDB has done quite well: WTO/ITC’s Labbe KPIs needed for export sustainability: EDB’s Egodage Should move to High TPO range next: WTO/ITC’s Labbe For the first time, Sri Lanka’s apex exports body EDB has entered WTO/UNCTAD/ITCs benchmark of global export agencies – that too, among the top 10 in its very first effort. “EDB has done quite well in International Trade Centre’s 2012 Lanka EDB benchmarking test. EDB has come to sixth spot among 30 national trade promotion organisations across the world, benchmarked by us-the International Trade Centre under WTO and UNCTAD,” announced the Geneva-based Martin Labbe (Senior Officer,... 


Dutch assistance to boost SL economy

Published : 1:44 am  July 17, 2014  |  Category: Business  |  Leave a Comment  |  314 views  |  

The Netherlands plans to provide Sri Lanka with technical and specialist knowledge, said Netherlands Vice Minister of Foreign Trade Simon Smits, when he met Economic Development Minister Basil Rajapaksa at the Ministry office on 15 July. At the meeting a Memorandum of Understanding was signed on assisting Sri Lanka in the construction of 467 rural bridges under the program to build 1,210 rural bridges islandwide to strengthen the rural economy by reducing the gap between the village and town. Vice Minister Smits is currently on a four-day visit here.  He is accompanied by a business delegation comprising representatives of leading Dutch companies. Minister Basil Rajapaksa also discussed with... 


SLINTEC unveils new chapter in advanced textiles with MAS Innovation

Published : 1:43 am  July 17, 2014  |  Category: Business  |  Leave a Comment  |  330 views  |  

Sri Lanka Institute of Nanotechnology (SLINTEC) and MAS Innovation Ltd have entered into a research agreement to enhance odour management properties in polyester garments. SLINTEC, which specialises in nanotechnology research and development, is focused on making discoveries with worldwide impact. Its mandate is to add value to the Sri Lankan industries by helping them contribute to the GDP through innovations in nanotechnology and other advanced technologies.  Read More →


New Secretaries, two Directors appointed to PCH Holdings

Published : 1:42 am  July 17, 2014  |  Category: Business  |  Leave a Comment  |  250 views  |  

New Secretaries and two Directors have been appointed to PCH Holdings Plc following interim orders given by the High Court of the Western Province. P.W. Corporate Secretarial Ltd. has been appointed the Secretaries to the company whilst Chaminda Dayan Banduthilake and Darshana Padmal Galabodage have been appointed as Directors of PCHH. The High Court issued interim orders in case No. HC Civil 23/2014/CO filed by Adam Investments Ltd. on 4 and 11 July. The new appointments are pending the summoning and holding of EGM of PCHH. New Director Banduthilake is a management and financial consultant with over 20 years experience in banking and finance industry specialised in corporate and retail banking,... 


Visiting Dutch biz delegation keen to explore SL markets, share expertise

Published : 12:00 am  July 16, 2014  |  Category: Business  |  Leave a Comment  |  579 views  |  

By Shabiya Ali Ahlam The visiting high-level delegation from the Netherlands expressed earlier this week their keenness in sharing expertise with local authorities and businesses to help Sri Lanka achieve further development in the water and health sector. Led by Dutch Vice-Minister Foreign Trade Simon J. H. Smits, the five-member delegation representing top companies in the country are confident that their visit will further strengthen trade relations between the two nations and help support one another. Addressing the media at a press conference held in Colombo on Monday (14) to officially kick off the mission, Rabobank Vice President Export Finance Han Bartelds, a member of the delegation,... 


President urges people to eat more fruits

Published : 12:00 am  July 16, 2014  |  Category: Business  |  1 Comment  |  407 views  |  

By Waruni Paranagamage “It is better to keep fruits for our children’s consumption than export them for another country use,” stated President Mahinda Rajapaksa, while inaugurating the fruit promotion week and fruit festival at Fruit Crops Research and Development Centre (FCRDC) in Horana. The President said that although Sri Lanka’s fresh fruits have a good demand overseas, promoting them domestically, especially among children, would help create healthy future generations. “Now we must understand the value of our own products. We must guide the younger generation to admire and consume national products. We have our own land and we have our own fruit production. Then why should we... 


Sri Lanka-Belarus bilateral FOC focus on increasing bilateral cooperation

Published : 12:00 am  July 16, 2014  |  Category: Business  |  Leave a Comment  |  160 views  |  

Sri Lanka and Belarus held bilateral Foreign Office Consultations during the recent visit of a Belarusian delegation headed by the Deputy Minister of Foreign Affairs of Belarus Valentin B. Rybakov. The second round of Foreign Office Consultations (FOC) between the two countries was held on the sidelines of the first session of the Joint Commission on Trade and Economic Cooperation on 10 July 2014, at the Ministry of External Affairs in Colombo. The Belarusian delegation headed by the Deputy Minister paid a working visit to Sri Lanka on 8 – 10 July 2014. Belarus-Sri Lanka business forum and first session of the Joint Belarusian-Lankan Commission on Trade and Economic cooperation, as well... 


Elephant Pass to resume salt production

Published : 12:00 am  July 16, 2014  |  Category: Business  |  Leave a Comment  |  193 views  |  

The Government has begun work to restore the Elephant Pass saltern that was destroyed by the Liberation Tigers of Tamil Eelam (LTTE) in the 1980s. Once operational, the saltern could help Sri Lanka become self-sufficient in its salt requirement while generating about 2,000 job opportunities for youth living in the North. “Elephant Pass salterns had been deserted for nearly 30 years due to LTTE activities,” Commander of the Security Headquarters in Kilinochchi Maj. Gen. Sudantha Ranasinghe said. “We believe that the first phase of this will be completed in a month. This also will enhance the economic development of the country.” Currently, Sri Lanka’s estimated annual salt requirement... 


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