The Free Trade
Agreements that has been recently implemented by the Government of
Sri Lanka with Bangladesh and Pakistan could create profitable yet
very possible Trade and Manufacturing opportunities to Chinese
professionals and to their establishments in the context of long
term to stationed the manufacturing and service centers in Sri
Lanka with all other incentives that the Government of Sri Lanka
facilitating.
The Colombo landscape is changing visibly. The sprucing up of
Colombo with an emphasis on serving the citizens with a cleaner and
greener city and an accentuation on beautification and value
addition is now on in full swing.
The
commercial and financial hub of the country, Colombo is also the
international gateway to Sri
Sri Lanka has made it to the influential
Country Brand Index for the first time in the compilation’s eight
year history, debuting at what was described as “respectable” 67th
rank with great potential to move up the ladder
fast.
The Index’ compiler FutureBrand’s South East
Asia CEO Sarah Reiter describe
2012 ends with a total of 1,005,605 tourists for the year
2013 target set as 1.25 million tourists
Major promo campaigns planned in India and China since 2013
December 2012 holds the all-time high record for monthly arrivals
in the history of tourism, having welcomed 122,252 tourists,
resulting in a total arrival figure of 1,005,605 for the year. This
marked a 17.5% increase from the previous year.
Organised by the Sri Lanka Export Development Board (EDB) together
with the Ministry of Industry and Commerce, Industrial Development
Board and the Sri Lanka Footwear and Leather Products Manufacturers
Association, the fair provides a platform to showcase the talents
and capabilities of the Sri Lankan footwear and leather products
manufacturers.
Footwear which was originated to protect feet from, rough surfaces
and bad weather has gradually become a clothing accessory, where
design and fashion plays a significant role.
Despite mechanisation the footwear industry is still labour
intensive, it is said that 150
The Asia Pacific Trade
Facilitation Forum (APTFF) will be held in Colombo on 30 and 31
October 2012. During the APTFF, countries exchange information,
experiences and practices for trade facilitation in the Asia
Pacific region,identify priority areas for
regional cooperation and integration and learn about new
tools and services which can increase the efficiency of cross
border transactions that will ultimately improve the
competitiveness of firms in the region.
Sri Lanka’s US$ 1 billion 10-year sovereign bond launched on
17 July 2012 saw strong demand, being oversubscribed by more than
10 times before the order book was closed, Reuters said, quoting
unnamed sources close to the deal.
The Government revised the guidance on the Bond to 5.875-6%
from 6.125% amid strong demand when it opened,
“It’s a very good price and it also shows the investor
confidence in Sri Lanka” the Reuters News Agency
said.
For this purpose, after evaluation of eight proposals
received, the Central Bank said it selected four leading
international investment banks, namely Bank of America Merrill
Lynch, Barclays Capital, Citibank NA, The Hongkong and Shanghai
Banking Corporation Limited as Joint Lead Managers, Bookrunners and
Underwriters for the proposed sovereign bond issuance.
The 13th Sri Lanka Economic Summit scheduled to be held from
10 to 12 July will focus on a number of key focus areas in the Sri
Lankan Economy. The third session of the event will explore the
diverse opportunities for Sri Lanka in the emerging markets such as
China, India, Brazil, Russia, etc.
The past few years have seen a slowdown in economic activity
in the