UNDP to help uplift local SMEs through National Trade Fair
July 11, 2017 (LBO) - The United Nations Development Programme (UNDP) Sri Lanka will organize Aadhayam 2017, a national trade fair, to help businesses …
Trade
India will move on ETCA at a pace set by Lanka: envoy
By P.K. Balachandran Assuaging fears that India is set to “impose” an Economic and Technical Cooperation Agreement (ETCA) on Sri Lanka, the Indian High …
GSP Plus could add USD350 mln in export revenue, improve FDI: Min
July 03, 2017 (LBO) - GSP plus eligibility could add 350 million dollars in export revenue to Sri Lanka, while increasing potential for FDI, the minister for …
Sri Lanka’s Watawala Plantations to separate tea business
June 30, 2017 (LBO) – Sri Lanka’s Watawala Plantations is planning to set up a separate company relating to the tea business segment of the company by …
Sri Lanka’s SAGT goes live with Navis terminal system
June 28, 2017 (LBO) - Navis, a part of Cargotec Corporation, a provider of operational technologies and services across the shipping supply chain, said South …
Sri Lanka Economic Summit to discuss need for Smarter Trade Strategy
June 27, 2017 (LBO) - ‘Sri Lanka Economic Summit 2017’ will dig deeper into the island's trade reform agenda anchored towards new preferential trade …
Sri Lanka to postpone SVAT abolition till end 2017
June 22, 2017 (LBO) – Sri Lanka’s cabinet approval has been granted to postpone the abolition of SVAT system until the end of this year. Accordingly, the …
Improved Swedish interest in Sri Lanka imports after GSP+
An increased interest to import products from Sri Lanka to Sweden has been noticed since the GSP+ came in to function. This was confirmed on Tuesday 20th June …
Sri Lanka plans trade, business delegation to Bangladesh
June 16, 2017 (LBO) - Sri Lanka's Ministry of Industry and Commerce plans a trade and business delegation visit to Bangladesh next month, on the back of a …
Commercial Bank leads Sri Lanka’s SME financing in 2016
June 15, 2017 (LBO) – Sri Lanka’s SME sector has been injected with 719 billion rupees by both state and private sector banks in 2016, with Commercial Bank …
Former Sri Lankan president warns don’t be misled by GSP+ benefits
June 12, 2017 (LBO) - Sri Lanka's former president Mahinda Rajapaksa says fulfilling the conditions to qualify for GSP+ could cause permanent damage to a …
Sri Lanka to sign Strategic Economic Partnership with Thailand in August
June 09, 2017 (LBO) - Sri Lanka and Thailand has come to a consensus on a trade in goods Free Trade Agreement before it signs a Strategic Econ Partnership in …
Hemas VAT Reclaim Service helps SL biz travelers recover VAT on travel costs
Hemas Travels, the local representative for Hogg Robinson Group (HRG), the global travel management company with representation in over 120 countries, has been …
Sri Lanka exempts income tax on IT BPO, capital gains for real estate
May 15, 2017 (LBO) - Sri Lanka's Finance minister announced some features of the new Inland Revenue Act which include income tax exemptions for IT exports, …
UAE to enhance commercial ties with Sri Lanka
(PRESS RELEASE) - The United Arab Emirates wishes to enhance bilateral trade and investments with Sri Lanka, its envoy in Sri Lanka, His Excellency Abdulhamid …
Government to sell 1515 rupees worth food basket at 975 rupees
On the instruction of President Maithripala Sirisena and the Prime Minister Ranil Wickremesinghe it has been decided by the government to provide a 1,515 …
Assembling vehicles locally with used spare parts raises concerns: CMTA
Apr 06, 2017 (LBO) – Ceylon Motor Traders’ Association said they are concerned about the recent decision by the government, where it allowed the assembling …
Min Malik Samarawickrama meets EU Trade Commissioner in Brussels
(PRESS RELEASE) - Development Strategies and International Trade Minister Malik Samarawickrama accompanied by Ambassador Rodney Perera met with European …
Indonesia, Sri Lanka to strengthen trade and economic ties
Mar 09, 2017 (LBO) Sri lanka's President Maithripala Sirisena, who is on a state visit to Indonesia, met with President Joko Widodo Wednesday with a proposal …
Sri Lanka to train foreign service in economic diplomacy: Harsha
Mar 07, 2017 (LBO) - Sri Lanka's government will be training its officials in the foreign service through a online economic diplomacy course with Harvard …