There are two basic ways that the rubber industry creates benefits to the society. First is through the economic and social development created by its value chain activities in upstream and downstream segments. Second is through the value created for human society by offering countless different products that are indispensable, so said Minister of Plantation Industries Navin Dissanayake today.
Finance and Media Minister Mangala Samaraweera, who is attending the ADB 51st Annual Meeting in Manila, had discussions with an ADB Board Executive Director, In-Chang Song, at the ADB HQ last Friday (4th) The ADB program me in Sri Lanka has provided loans, grants and technical assistance to grow the country’s economy and improve the lives of people, particularly the poor, women, children and other vulnerable groups.
The ADB has worked closely with Sri Lanka since 1966, signing loans, grants, and technical assistance totaling $9.1 billion as of December 31, 2017.The government, formed following the presidential and general elections in January 2015 and August 2015, respectively - is focused on inclusive growth, good governance, and private sector development.
Over the next five years, the ADB will contribute to the Sri Lanka’s Government key development goals of job creation, income enhancement, rural economic development, knowledge formation, and economic diversification (including export development). Both sides agreed at the meeting to accelerate ongoing bilateral projects, which currently surpass US$ 3.6 Billion. Sri Lankan delegation to the ADB conference includes Secretary to Treasury Dr. R.H.S. Samaratunga and other senior officials from the Budget Dept. and the ERD.
The United National Party May Day celebration will be held at the Sugathadasa Stadium today under the patronage of UNP Leader and Prime Minister Ranil Wickremesinghe.Large crowds of party supporters from all parts of the country will gather at the Sugathadasa Stadium where the Prime Minister will make a special May Day statement.
Sri Lanka Export Development Board (EDB) will participate with the Sri Lankan pavilion in Apparel Sourcing, Paris. Paris as one of the major fashion capitals of the world is the best place to promote and sell brands and collections in Europe, to the Western, and increasingly to the Eastern and Middle Eastern markets. The fair will help to understand the European market and how best to increase buyers to Sri Lanka.
Asian Development Bank (ADB) President Takehiko Nakao called on its member countries in developing Asia to go for more progressive taxation including individual income tax, inheritance tax and property tax to address the widening income inequality in the region. The President was speaking at a press conference parallel to the 51st ADB Board of Governors’ Annual Meeting 2018 which kicked off at the ADB Headquarters in Mandaluyong City in Manila yesterday.
Finance Minister Mangala Samaraweera was among a four-member panel who discussed Technology for Change live on CNBC Global on 4th May 2018 on the sidelines of the 51st Annual Meeting of the Asian Development Bank.
The United Nations Day of Vesak was celebrated in New York on 1st May. The Permanent Mission of Sri Lanka to the United Nations in New York along with the Permanent Mission of Thailand took the lead in organizing this years’ commemoration.
According to the leading Chinese news agency Sri Lanka plans to attract more tourists from the Middle East by conducting promotion campaigns, a minister said on Thursday. Tourism Development and Christian Religious Affairs Minister John Amaratunga told Xinhua that Sri Lanka received only 35,000 tourists from Saudi Arabia last year. There was great potential for the attraction of more tourists from Saudi Arabia and other countries in the Middle East region.
The Sri Lanka High Commission in New Delhi organized a Roadshow followed by a business interactive session for the members of the BRICS Chamber of Commerce & Industry under the theme "Sri Lanka Partnering with India for Prosperity", at the High Commission premises on 25 April 2018. The main focus of the Roadshow was to promote the Sri Lanka Investment and Business Conclave 2018 which is to be held from 19 to 21 June 2018, at the Cinnamon Grand Hotel in Colombo.
Sri Lanka Tourism leveraged the Arabian Travel Market (ATM) complemented by three road shows, B2B and industry meetings in Dubai last week in a major push in the Middle East market.Sri Lanka was showcased as an attractive holiday destination at the 24th Arabian Travel Market (ATM) which took place from April 22 to 25, 2018 at the Dubai International Exhibition & Convention Centre. Sri Lanka participated for the 16th consecutive year at the event with more than 60 industry participants.