Sri Lanka is poised to witness a major leap in the World Bank’s Ease of Doing Business global rankings following the many economic policy reforms envisaged by the government similar to that of India’s efforts, a former top Indian bureaucrat said.
A contingent of young Sri Lankan entrepreneurs will join the Global Entrepreneurship Summit (GES), which will be co-hosted by the United States and India in Hyderabad, India from 28th to 30th November.
Sri Lankan companies should explore exporting to India’s underserved states where reliance on day-to-day consumption presently falls on other states, a top former Indian bureaucrat suggested last week.
Sujeewa Senasinghe, State Minister of International Trade had bilateral meetings with several French trade officials in Paris recently where they had offered their fullest support to organize a forum to connect the businesspeople of Sri Lanka and France in the future with collaboration of other French trade promotional institutions for bilateral trade growth.
Despite the hue and cry made by the public and a certain section of the business community on Sri Lanka’s trade deficit with its neighboring giant, a top economist asserted such arguments do not show the real picture of the situation at hand and said one should not pay much attention to it.
Sri Lanka tea production for the month of October 2017 totalled 25.4M/kgs vis-a-vis 18.7 M/kgs of October 2016 showing a gain of 6.7M/kgs. All elevations have shown a growth in 2017 compared to the corresponding month of 2016.
From chicken sausages, nail polish, strawberries and chicken feed to glass and Damro chairs, some Sri Lankan goods are doing 'extremely well' in India. They are setting a standard in India that the corresponding Indian products are trying to measure up to, former Finance and Economic Affairs Secretary of India Dr. S. Narayan said.
SriLankan Airlines, which last month launched daily non-stop services to Melbourne, is providing its valued passengers with a wide range of options to connect and fly to major cities in Australia and New Zealand, by expanding its codeshare agreement with its long-time partner and fellow oneworld alliance member Qantas.
In what continues to be a promising year for foreign investor involvement in the stock market, 2017 has recorded an all-time high in foreign purchases during a year, with Rs. 105.1 billion (year-to-date) in foreign purchases this year passing the record of Rs. 104.7 billion set in 2014.
Foreign Secretary Prasad Kariyawasam, joined by the Governor of the Central Bank of Sri Lanka Indrajit Coomaraswamy, and Secretary-General of the Secretariat for Coordinating Reconciliation Mechanisms Mano Tittawella, shared information on Sri Lanka’s journey of peace-building with the United Nations Peace-building Commission in New York on 20th November.