News & Events
 
 
Sep 19
Brandix is Sri Lanka’s Exporter of the Year

The Brandix Group has topped Sri Lanka’s ranking of exporters for the fifth consecutive year in 2016 to be declared the country’s Exporter of the Year by the Export Development Board (EDB), at a ceremony presided over by President Maithripala Sirisena, yesterday.

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Aug 15
Mangala says SVAT to stay
  • Decision taken after CCEM discussion, IRD not ready to abolish system

The Finance Ministry yesterday said it would continue with Simplified VAT (SVAT), following high level Government discussions.

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May 17
EU says GSP+ win for SL a progressive opportunity
  • Zero duty access for Lankan products in the biggest export market once again from Friday
  • On existing exports basket to Europe, boost is estimated at Euro 300 m or Rs. 51 b per annum
  • Ambassador says benefit higher if diversification of products and new markets pursued
  • Expects FDIs to increase in SL, more jobs and income to people
  • SMEs being supported with Euro 5 million technical assistance project
  • GSP+ benefits for SL until it reaches Upper Middle Income country status
  • EU singles out SL’s achievement as ‘vote of confidence’ that SL Govt. will be progressive in meeting 27 international conventions 
  • No serious failures in SL nor is everything perfect says Ambassador; expects SL Govt. to improve its commitment and delivery
  • Lists reconciliation, delay in Counter Terrorism Act replacing Prevention of Terrorism Act, torture, discrimination and child marriages as key issues
  • SL’s progress will be monitored stringently via biannual review; first one in January 2018
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May 16
GSP+ from Friday

The European Union is most likely to announce the granting of the GSP+ trade facility to Sri Lanka via its official journal on Thursday enabling Sri Lankan exporters to enjoy the benefits of duty-free exports from Friday, the European Union (EU) Delegation to Sri Lanka said.

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May 15
Sajith says GSP+ win shows SL no longer pariah but now a civilised state

Responding to speculation that the EU will approve Sri Lanka’s Generalised Scheme of Preferences Plus (GSP+) application, UNP Deputy Leader Sajith Premadasa said that “if GSP+ status is announced today it will be great news for Sri Lanka and testament to the record of Prime Minister Ranil Wickremesinghe and his UNP-led government.”

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May 15
Sajith says GSP+ win shows SL no longer pariah but now a civilised state

Responding to speculation that the EU will approve Sri Lanka’s Generalised Scheme of Preferences Plus (GSP+) application, UNP Deputy Leader Sajith Premadasa said that “if GSP+ status is announced today it will be great news for Sri Lanka and testament to the record of Prime Minister Ranil Wickremesinghe and his UNP-led government.”

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Apr 28
Sri Lanka secures crucial EU GSP+ vote

By Himal Kotelawala
In a much needed and highly anticipated diplomatic win, Sri Lanka convincingly defeated a motion to further deny its long withheld GSP+ trade concession at the European Parliament in Brussels yesterday.

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Apr 21
European Parliament members want SL to respect labour rights to win GSP+

Sri Lanka must adhere to core conventions of the International Labour Organization and deliver on its promise of guaranteeing employee rights if the country looks to regain its preferential trade status, Members of European Parliament (MEPs) said.

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Mar 31
Ceylon Chamber welcomes postponement of SVAT abolition

The Ceylon Chamber of Commerce yesterday welcomed the decision by the Ministry of Finance to postpone the abolition of the SVAT system that was due to come into effect on 1 April 2017.

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Mar 21
NOLIMIT extends support for Ransalu Privilege, JAAF’s apparel employee’s welfare program for fourth year

NOLIMIT has renewed its support for Sri Lanka Apparel’s employee welfare program for yet another year, reaffirming the brand’s commitment and obligation towards the welfare and wellbeing of the garment employees, who form nearly 80% of the sector’s skill set.

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