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Sri Lanka may lose Japan tea market due to continued glyphosate ban

Sri Lanka may lose Japan tea market due to continued glyphosate ban

Sri Lanka is facing the risk of a complete ban on tea exports to Japan due to the use of alternative weedicides to glyphosate and diplomatic and bureaucratic disasters, the head of an industry body has warned. Ceylon Tea Traders Association, Chairman Anselm Perera said that exporters are…

India to cut tariffs on 3,142 items for Asia-Pacific trade bloc from July 1

India to cut tariffs on 3,142 items for Asia-Pacific trade bloc from July 1

India has agreed to provide tariff concessions on 3,142 products to Asia Pacific Trade Agreement (APTA) members, including Bangladesh and Sri Lanka, from July 1, the commerce ministry said on Monday. However, these duty concessions will be more for least developed countries (LDCs) and less for developing nations. APTA is an initiative under…

Sri Lanka seeks joint venture with India to salvage Mattala airport

Sri Lanka seeks joint venture with India to salvage Mattala airport

Sri Lanka is seeking a joint venture with India to salvage the white-elephant Mattala international airport, a month after the last remaining airline pulled out of the jinxed facility. Deputy Transport minister Asoka Abeysinghe told parliament Wednesday that the government was in talks with India to create a…

Sri Lanka exports up 6.3-pct to USD1.1Bn

Sri Lanka exports up 6.3-pct to USD1.1Bn

Sri Lanka’s overall exports were up by 6.3 percent to US 1.1 billion dollars with an increase in industrial…

China Harbour Engineering to construct 7-star Achilleion project

China Harbour Engineering to construct 7-star Achilleion project

 Sri Lankan real estate player Blue Mountain has signed an agreement with China Harbour Engineering Company Ltd. (CHEC) to…

Mangala leads lankan delegation to adb manila confab

Mangala leads lankan delegation to adb manila confab

Finance and Mass Media Minister Mangala Samaraweera will lead the Sri Lankan delegation at the 51st Asian Development…

India’s rice exports surge to record high in 2017-18

India’s rice exports surge to record high in 2017-18

India’s rice exports surged 18 per cent from a year ago to a record 12.7 million tonnes in…

Pakistani investors came to explore new investment opportunities

Pakistani investors came to explore new investment opportunities

A group of investors from several Pakistani companies has come to Sri Lanka to look into several new…

Sri Lanka targets USD2.5Bn in FDI in 2018, USD 5Bn by 2020:Fin Min

Sri Lanka targets USD2.5Bn in FDI in 2018, USD 5Bn by 2020:Fin Min

Sri Lanka’s government is looking at attracting up to US 2.5 billion dollars in Foreign Direct Investments (FDI)…

Lanka’s forex reserve increases to US$ 7.9 bn in February

Lanka’s forex reserve increases to US$ 7.9 bn in February

Sri Lanka’s forex reserve assets increased to US$ 7.9 billion in February 2018, above the average four month…

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