Sinopec to Import and Market Sri Lanka Products at 27,000 Outlets
Sinopec, the giant oil company with over 27,000 service stations in China, entered into an agreement with the Beijing Sri Road Connection Trade Company Limited …
Trade
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Government’s attention to resume negotiations on free trade agreements
Government’s intention was to resume the negotiations on free trade agreements said Secretary to the President Saman Ekanayake. It is the vision of the …
Sri Lanka’s trade deficit widens in Feb 2022 despite above USD 1Bn of export earnings
The momentum of export earnings continued with over US dollars 1.0 billion for the ninth consecutive month in February 2022. Meanwhile, import expenditure also …
Serious concerns of current crisis as outlined by Sri Lanka Shippers’ Council
The Sri Lanka Shippers’ Council expresses its grave concern at the violence unleashed on peaceful protestors in Colombo on 9th May 2022. While recognizing …
New payment terms related to importation of goods gazetted
Regulations have been promulgated under the Imports and Exports Control Act, No. 01 of 1969 and published in the Gazette No. 2278/21 dated 6th May 2022 to …
“Export outlook dims amidst economic challenges” latest CCC-USAID export barometer survey says
Findings from the latest bi-annual Export Barometer Survey indicate that exporters are losing confidence in the industry’s outlook, as firms face mounting …
Sri Lankan sapphires highlighted at SL Embassy in China
Sri Lankan gemstones were showcased at a glamorous event hosted by the Embassy in Beijing on 17 January, 2022. Sponsored by the ‘LARWINER - Gem Art …
Sri Lanka agrees to settle CPC’s outstanding bill to Iran by exporting Ceylon Tea
Sri Lanka's Plantation Ministry and the Ministry of Industries, Mines and Trade of Iran agree to formulate a scheme for the settlement of a sum of US$ …
Legal framework to be created for E-Commerce in Sri Lanka
Sri Lanka will introduce a new law that would ensure fairness and protection of rights for both businesses and consumers who use online E-Commerce platforms. A …
EDB creates platform to develop bilateral trade between Sri Lanka & Bangladesh
A multi-party meeting on enhancing bilateral trade between Sri Lanka and Bangladesh was held at the Export Development Board (EDB) on 3 November, 2021, under …
Sri Lanka projected to grow by 3.3-pct : Shifting gears to services-led growth can help build back better
Sri Lanka’s economy is projected to grow by 3.3 percent in 2021, but the medium-term outlook is clouded by pre-existing macroeconomic weaknesses and the …
Sri Lanka Investment Forum 2021 kicks off
Sri Lanka Investment Forum 2021 was inaugurated this morning by His Excellency the President Gotabaya Rajapakse on a virtual platform. Today’s proceedings …
CBB sets sights on enhanced SL-UK trade with British Chambers of Commerce
The Council for Business with Britain (CBB) is now a member of the British Chambers of Commerce and marked this collaboration with an open networking event. …
SL explores bilateral trade with Philippines
The Embassy of Sri Lanka in Manila initiated a virtual introductory meeting between the State Trading Corporation of Sri Lanka (STC) and the Philippine …
Lanka Sathosa manages to cut down its annual losses by around 60-pct during 2020
Dec 30, 2020 (LBO) – Lanka Sathosa Limited, the country’s largest retail network business, registered a profit of around Rs.100 million for the month of …
Foreign Minister underscores importance of economic partnership with Indonesia
Ambassador of Indonesia in Colombo I. Gusti Ngurah Ardiyasa paid a courtesy call on Foreign Minister Dinesh Gunawardena at the Foreign Ministry recently. …
Strategic Economic Partnership to boost business opportunities with Thailand
Ambassador of Thailand in Sri Lanka Chulamanee Chartsuwan paid a courtesy call on Foreign Minister Dinesh Gunawardena recently and discussed ways of …
Sri Lanka to partner with Thailand in diversified areas for economic cooperation
Ambassador of Thailand in Sri Lanka Chulamanee Chartsuwan paid a courtesy call on Foreign Secretary Admiral Prof. Jayanath Colombage recently and discussed …
ITC conducts webinar on GSP+ to discuss better-utilising concessions for local businesses
The International Trade Centre (ITC) in collaboration with the Department of Commerce (DoC) of Sri Lanka organized a webinar on ‘GSP+ for Enhanced Market …
Exports propel Hayleys to new heights; declares best ever six months
The Hayleys Group delivered a record profit in the first six months of FY 2020/21, with pre-tax profit nearly tripling to Rs. 5.52 billion compared to the …