The Letter of Understanding was signed by Finance and Media Ministry Secretary Dr. R.H.S. Samaratunga and WFP Representative and Country Director in Sri Lanka Brenda Barton. The Letter of Understanding was signed by Finance and Media Ministry Secretary Dr. R.H.S. Samaratunga and WFP Representative and Country Director in Sri Lanka Brenda Barton.
Fisheries and Aquatic Resources Development and Rural Economy State Minister Dilip Wedaarachchi says the plans are afoot to strengthen fish exports to earn an annual income of US$ 1.5 billion and a number of projects are to be launched for this purpose.
Minister Wedaarachchi meeting with the representatives of Fish Exporters' Association on Tuesday at the Ministry said swift action will be taken in a short time to resolve the issues faced by the exporters in order to increase export earnings. The meeting focused on resolving the exporters'' issues and ways to increase local and foreign investments in the fisheries sector.
A Thai delegation consisting of 35 leading entrepreneurs from the Thai Chamber of Commerce in Bangkok (TCC) visited Sri Lanka as part of the business delegation accompanying the Prime Minister of Thailand on a State visit to Sri Lanka.
Sri Lanka's Export Development Board (EDB) says the National Export Strategy (NES), developed by private and public stakeholders through extensive consultations, will be launched on Thursday, July 19.The objective of the National Export Strategy is to increase export earnings up to US$ 28 billion by 2022.
Prime Minister Ranil Wickremesinghe arriving at the convocation ceremony for the Bandaranaike International Diplomatic Training Institute held at BMICH recently,Prime Minister Ranil Wickremesinghe arriving at the convocation ceremony for the Bandaranaike International Diplomatic Training Institute held at BMICH recently,
Sri Lanka has the opportunity of leveraging its strategic location and friendly relations with the key maritime nations to take the initiative to lessen tension in the Indian Ocean region, Prime Minister Ranil Wickremesinghe said.The Premier was speaking at the convocation ceremony for the Bandaranaike International Diplomatic Training Institute held at the BMICH recently.
He remarked that keeping sea lanes of communication open by ensuring freedom of navigation in the Indian ocean was key to achieve this objective for which Sri Lanka could take the initiative.A stable maritime order is a prerequisite for Sri Lanka’s development to become a hub in the Indian Ocean, he said.
The future of the island’s rubber industry largely depends on how it focuses on introducing technology to develop yield, an industry expert said. Rubber plantations are in need of a revival plan, Secretary, Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP), Dr. Sisira Ranatunga said.
The High Commission of India Colombo has announced scholarships to Sri Lankan nationals under the Ayush Scholarship Scheme for UG/PG/PhD courses in Ayurveda, Yoga, Unani, Siddha and Homeopathy for the academic year 2018-19.The government of India selects meritorious Sri Lankan nationals for award of these scholarships in consultation with the Ministry of Higher Education (MoHE), Government of Sri Lanka.
The Philippines on Thursday lauded the government of Sri Lanka for its plan to replicate the "success" of the Philippines’ war on drugs.Presidential Spokesperson Harry Roque made this reaction after Sri Lankan President Maithripala Sirisena recognized Philippines’ successful approach against illegal drugs, according to the Philippines news agency online report.
The White Paper on FDI Landscape and Investor Sentiment in Sri Lanka 2018, presented by American Chamber of Commerce in Sri Lanka (AMCHAM) yesterday highlighted that Sri Lanka will need to address concerns voiced by the private sector.
Particularly concerns relating to policy instability and labour constraints needs to be addressed if the country looks to position itself as an attractive FDI and trade destination in its pursuit of economic reforms. If the concerns of the private sector are not addressed, the report revealed that vision of Sri Lanka being an attractive FDI and trade destination will likely remain a pipe dream.
Nevertheless, the white paper highlights that there are many positives to look forward to over the coming years in Sri Lanka as reform procedures are also being implemented to improve investment promotion and business conditions within the country, while negotiations are underway to improve Sri Lanka’s trade relations.Making a presentation on FDI Landscape and Investor Sentiment in Sri Lanka 2018, in Colombo, yesterday, Stax Founder and CEO Rafi Musher also noted that, for Sri Lanka to become an attractive FDI and trade destination, it is essential to ensure transparency and corporate governance, improve policy stability, bring in capital across all the industries and also to invest in education and vocational training to match the industry needs and potential.
India’s economy rebounded strongly from July 2017, after several quarters of slowdown blamed on economic policies pursued by Prime Minister Narendra Modi’s government. India, with around 1.34 billion inhabitants, is poised to become the world’s most populous nation, whereas the French population stands at 67 million.