Sri Lanka Gem and Jewellery Association Congratulates President Anura Kumara Dissanayake

Lankapuvath | Colombo | 25-09-2024 |
The Sri Lanka Gem and Jewellery Association (SLGJA) the apex body and the voice of the country’s Gem and jewellery industry, with great pride and respect extends heartfelt congratulations to His Excellency on being sworn in as the 9th President of the Democratic Socialist Republic of Sri Lanka.

SLGJA is built on a vision to empower Sri Lanka’s Gem and Jewellery industry through innovation and sustainability superiority which aims to generate global recognition whilst upholding the rich heritage for future generations. The Association’s mission is to alleviate Sri Lanka’s Gem and Jewellery Industry through etical practices, facilitate market access, advocate sustainable sourcing nurture talent for the industry’s continued growth, global competitiveness and socio-economic contribution. Functioning as the advocate for Sri Lanka’s Gem and Jewellery sector, the SLGJA lobbies the industry related concerns to governmental and other related bodies. SLGJA is also the organizer of FACETS Sri Lanka International Gem and Jewellery Show over 31 years which is now the cornerstone for the industry players, fostering collaboration, innovation and international partnerships.

As an industry that has long been an integral part of Sri Lanka’s rich cultural heritage and economic strength, we are confident that under HE’s visionary leadership, our nation will continue to thrive and reach new heights of prosperity. His commitment to progress, national unity, and the well-being of all Sri Lankans aligns closely with the values and aspirations of the Gem and Jewellery sector, which remains a foundation of both the country’s identity and its economy.

Insightful discussions that were held with His Excellency and senior members of the party before the elections, where the party understood the unique challenges and opportunities faced by the gem and jewellery industry has given great confidence in HE’s leadership and the bright future that lies ahead for the Gem and Jewellery sector.

The gem and jewellery industry plays a vital role in enhancing Sri Lanka’s global reputation. SLGJA is eager to work closely with HE’s administration to further develop and promote this key industry. Together, more opportunities for sustainable growth could be created, increasing the international competitiveness, and ensure the long-term success of the industry for future generations.

SLGJA is confident that President Dissanayake's administration will continue to take progressive steps to support and strengthen industries that contribute significantly to the national economy. The SLGJA stands ready to assist in any initiatives that foster economic development, promote exports, and elevate Sri Lanka’s standing as a global leader in the gem and jewellery trade.

"Once again, we congratulate President Anura Kaumara Dissanayake on his well-deserved election victory and wish him every success in his first term. May his leadership bring peace, prosperity, and progress to all Sri Lankans" - SLGJA.

IORA Business Conclave 2024 Spurs Trade and Strategic MOUs

Lankapuvath | Colombo | 10-06-2024 |
The Indian Ocean Rim Association (IORA) Business Conclave 2024, held from May 28th to 29th facilitated trade and investment across the Indian Ocean Rim region by yielding strategic MOUs and promoting international industry engagement. Organised by the Ceylon Chamber of Commerce in collaboration with the Ministry of Foreign Affairs Sri Lanka, the Conclave brought together key stakeholders to foster economic collaboration under the theme "Sustaining Growth – Bridging Horizons."
Attended by the Minister of Foreign Affairs Hon. Ali Sabry as the Chief Guest, and Secretary General of the Global Alliance for a Sustainable Planet Mr. Satya Tripathi as the Keynote Speaker, the Conclave resulted in several significant outcomes, including the signing of multiple Memoranda of Understanding (MOUs) aimed at enhancing bilateral trade and business. These MOUs focus on disseminating relevant information, promoting joint ventures, partnerships, and business linkages, providing technical expertise, organizing business delegations and knowledge transfer events.
The Ceylon Chamber signed MoUs with the Australian Chamber of Commerce & Industry, the Sri Lanka – Australia Chamber of Commerce Sydney, and the Indo – Sri Lanka Chamber of Commerce and Industry in India. Facilitated by the Conclave, the Chamber of Marine Industry Sri Lanka signed an MOU with the Indo – Sri Lanka Chamber of Commerce and Industry, focusing on joint efforts to establish marinas, promote yacht ownership, support the local boat industry, and promote yacht visits and orders, and investments.
Featuring three plenary sessions and four panel discussions with 16 panelists across 12 countries, the Conclave hosted the highest-ever representation from IORA Member States and Dialogue Partners. Attracting over 70 foreign delegates from 18 countries: Australia, Bangladesh, China, France, Germany, India, Italy, Japan, Kenya, Madagascar, Malaysia, Maldives, Mauritius, Seychelles, Singapore, Tanzania, Turkey, the United States, participants were able to engage in over 245 B2B meetings with foreign representatives of industry, with the most significant amount of interest demonstrated in sectors including agriculture, logistics, renewable energy, and tourism. The high level of engagement was facilitated with the support of Sri Lankan Missions overseas and the Chamber’s MOU partners.
The Chairman of the Ceylon Chamber of Commerce Mr. Duminda Hulangamuwa emphasised Sri Lanka's progress from the financial crisis faced two and a half years ago, adding that Sri Lanka aims to enter into more Free Trade Agreements and eventually join the RCEP and ASEAN bloc. ‘These agreements are expected to pave the way for increased investment and trade, contributing to the country's development’. He expressed hope that the participation in the Conclave would benefit all involved, enhancing trade, investment, the movement of people, and tourism in the region.
The Secretary-General and CEO of the Ceylon Chamber Mr. Buwanekabahu Perera was appointed as the Chair of the IORA Business Forum for a period of 2 years. Mr. Perera encouraged all participants and IORA countries to continue to leverage the momentum created by the Conclave, by maintaining connections and continuing to explore opportunities in trade and investment following the Conclave’s conclusion.

The Indian Ocean Rim Association (IORA) is an inter-governmental organization aimed at strengthening regional cooperation and sustainable development within the Indian Ocean region. IORA comprises 23 Member States and 12 Dialogue Partners, offering a platform for promoting trade, investment, and economic collaboration.

Hotel Show Colombo to uplift the industry
July 26-28, at BMICH Colombo

Lankapuvath | Colombo | 09-05-2024 |
By Anusha Maureen

Colombo, Sri Lanka – 8th of May 2024 - Sri Lanka's preeminent hospitality event, Hotel Show Colombo 2024, is poised to elevate the standards of the industry through adaptation of hospitality related innovations both products and services. The event is scheduled to take place from July 26th to 28th, 2024, at the BMICH. The esteemed occasion is expected to be inaugurated on the 26th of July by the President Ranil Wickremesinghe, alongside prominent figures from four esteemed tourism institutions and industry leaders.

Organized by the Sri Lanka Hospitality Graduates Association in collaboration with CDC Events, and bolstered by both state and private sector support, Hotel Show Colombo has established itself as the pinnacle of hospitality exhibitions over the past 26 years. Continuously evolving to meet the dynamic needs of the industry, this annual event serves as a vital platform for exhibitors to meet their business objectives while fostering growth and innovation within the sector.

Spanning over 225 booths and stalls, the exhibition will showcase a diverse array of hospitality products and services sourced from across the globe. Visitors from Sri Lanka, Maldives, India, and other South Asian countries will bear witness to the latest advancements, innovations, and cost- effective solutions within the industry. From Furniture and Fixtures to cutting-edge Technology Solutions, Property Management Systems (PMS), Hospitality Supplies, Interior Design and Décor, Food and Beverage Offerings, Guest Experience Enhancements, Energy Efficiency, Sustainability Solutions, and Security and Safety Equipment, the event promises to be a comprehensive showcase of the industry's finest offerings.

In light of the resurgence of the tourism sector in Sri Lanka and the heightened demand for hotel supplies and services, Hotel Show Colombo 2024 will serve as a pivotal platform for buyers and sellers to converge, facilitating invaluable networking opportunities and streamlining procurement processes. By bringing together key stakeholders under one roof, the exhibition aims to optimize efficiency, saving both time and resources for industry players.

Complementing the main exhibition are a series of concurrent events, including The National Barista Championship, National Room Stylist Challenge, National Tea Masters Cup Sri Lanka, Bar Champs - bartenders competition, and a lineup of Industry-focused Masterclasses. These events are designed to celebrate excellence within the industry while providing a platform for professionals to showcase their skills and expertise.

Mr. Trevin Gomez, Chairman of the Organizing Committee, emphasized the significance of the event, stating, "In a time of unprecedented growth within the tourism sector, hotels and resorts are increasingly focusing on enhancing their facilities and guest experiences. Hotel Show Colombo 2024 will address these needs comprehensively."

The Hotel Show Colombo 2024 is to be backed by many industry members. The main exhibition is sponsored by Principal Sponsor - Cargills Ceylon PLC, Platinum Sponsor - Pragmatic International, and Gold Sponsors - Fits Retail (Pvt) Ltd, Asian Chill Equipment (Pvt) Ltd, Venture Hotel Supplies (Pvt) Ltd, Suyamas International (Pvt) Ltd, and World Of Outdoor (Pvt) Ltd. Additionally, Silver Sponsors include Celcius Solutions (Pvt) Ltd and Nestle Lanka Ltd.

The concurrent events are also sponsored, with the National Barista Championship by Fits Retail (Pvt) Ltd and Kotmale, the National Room Stylist Challenge sponsored by Celcius Solutions (Pvt) Ltd, the National Tea Masters Cup Sri Lanka by Knuckles, and Bar Champs by Rockland Distilleries.

For more information, please visit www.hotelshowcolombo.com / facebook.com/hotelshowcolombosrilanka or contact Meth

EDB SUPPORTS THE SRI LANKAN PAVILION AT HOTEL ASIA EXHIBITION IN THE MALDIVES - MAY 13 TO 15

Lankapuvath | Colombo | 09-05-2024 |
Claude Gunasekera

Sri Lanka Exporters Gear Up for Hotel Asia Exhibition 2024 in the Maldives

The Sri Lanka-Maldives Business Council (SLMLBC) of The Ceylon Chamber of Commerce, in collaboration with the Sri Lanka Export Development Board (EDB) and the Sri Lankan High Commission in the Maldives, is organising a business delegation to the renowned Hotel Asia Exhibition in the Maldives from 13-15 May 2024.

The Hotel Asia Exhibition is renowned as the Maldives' premier food and hospitality event, attracting stakeholders from resorts, hotels, guest houses, safari boat operators, restaurants, and cafeterias. From food and beverage to catering equipment, furniture, and health leisure equipment, with over 3000 visitors and 250 companies expected to attend, the exhibition covers a wide spectrum of offerings, aligning with Sri Lanka's export capabilities.

In response to the recent downturn in Sri Lanka's market presence within Maldives' imports, the SLMLBC and EDB have launched a strategic initiative to reintroduce Sri Lankan SMEs to the Maldivian market. The Sri Lanka Pavilion at the Exhibition is strategically designed to support this objective, focusing on expanding the market share for value-added products and pinpointing opportunities for novel offerings.

With over 3000 visitors and 250 companies expected to attend, with a total of 16 SMEs and 4 large-scale export companies participating, the Sri Lankan government, through the EDB, has pledged to cover 50% of the stall costs for each participating company, along with the support of the High Commission of Sri Lanka in the Maldives.

Industry partnerships with Ocean Trade & Logistics, the Bank of Ceylon, and Aitken Spence supporting logistics, banking, and travel services respectively, will further facilitate industry participation. The delegation will also meet with several senior government officials and representatives of business chambers, thereby offering further networking and business development opportunities. Participating in this Business Promotion Mission provides businesses with invaluable opportunities to enhance market access and networking opportunities.



A discussion with participants of the fair was held at the EDB on 2nd April 2024 with the participation of His Excellency High Commissioner - designated to the Republic of the Maldives Mr. P.R.S. Goonawardene, Chairman/ Chief Executive Officer of EDB Dr. Kingsly Bernard and Director - Regional Development of EDB Mrs. Seplika Jayawardene, President – Sri Lanka Maldives Business Council Mr. Sudesh Mendis and other officials to detail them about the fair, its requirements to be met and preparation for participation.

Pre-fair Workshop in preparing the participants for a successful participation at the fair was also held on 4th April 2024 by an EDB team of officers trained by IPD (International Promotion Desk) Germany




Sri Lanka Country Pavilion at Hotel Asia Exhibition & International Culinary Challenge 2024 in the Maldives from 13th – 15th May 2024
The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka High Commission in Male, Maldives and Sri Lanka – Maldives Business Council (SLMBC) will be organizing a group of 19 exporters including 15 SME entrepreneurs to participate at “Hotel Asia Exhibition & International Culinary Challenge 2024”. It is the Maldives’ biggest and best annual food and hospitality event, which brings together all those who are involved in the tourism sector in one location. The event will be held from 13th to 15th May 2023 at Dharubaaruge Exhibition Hall, Male, Maldives.

Maldives is a potential market for many of Sri Lankan products due to their high dependency on imports to meet most of their requirements. Maldives imports various products to meet its domestic needs, such as refined petroleum, food preparations, rice, wheat, and machinery. In 2023, goods worth around US $ 3.47 billion have been imported to the Maldives from Oman, China, India, Malaysia, UAE, Singapore, USA, Sri Lanka, Thailand, and France. This value is more than doubled compared to the import value a decade ago. About 95% of the Maldives' food consumption, including tourism sector consumption is met by imports and a substantial amount of food and beverages, accounting to around US $ 60 million had been imported, primarily from India, Sri Lanka, and the UAE in year 2023.

Maldives is the 23rd export destination for Sri Lanka. Total export value from Sri Lanka to Maldives was US $ 112.54 Mn in 2023 and total imports from Maldives to Sri Lanka for the same period were US $ 2.99 Mn. Sri Lanka’s main export products to Maldives in 2023 were insulated wires and cables, sugars, sugar confectionery & bakery products, cereals and products, meat, preparations of meat/fish & dairy produce, fruits and vegetables. Also, potential products from Sri Lanka to Maldives are wheat flour, fresh or chilled vegetables, prepared or preserved nuts & other seeds, black tea, fresh fruits, electric conductors, fresh or dried pineapples, sweet biscuits, bars & rods of iron or non-alloy steel.

The exhibition attracts visitors from resorts, hotels, guest houses, safari boat operators and owners, restaurants and cafeterias to explore the products and services offered by international and local exhibitors. The event will create a platform for Sri Lankan exporters to gain insights into the latest trends, innovations, and developments in the industry, as well as take advantage of the networking opportunities. It covers a wide range of products and services, including food and beverage, catering equipment & services, furniture, furnishing & tableware, and health leisure & equipment, construction of water & wastewater systems, all kinds of cleaning chemicals for hotels & resorts, and design, supply & installation of ventilation system etc.

The expected benefits from the programme are to expand market share for value-added products and identify opportunities for new products and services, find new buyers and strengthen existing contacts, provide opportunities for SME companies to enter the Maldives market, promote Sri Lankan products’ brands and secure more opportunities from Maldives buyers.

In general, the programme create a platform for discussion and exchange of knowledge between the participants, Maldivian professionals of the industry and Trade Associations. Sri Lankan companies will also get the opportunity to interact with exhibitors participating from various countries at the exhibition.

A networking event will also be organized by the High Commission of Sri Lanka in Maldives for the Sri Lankan delegation giving opportunities for further networking.

SAMPATH BANK LAUNCHES A WEARABLE DEVICE FOR SEAMLESS PAYMENTS

Lankapuvath | Colombo | 08-05-2024 |
By Anusha Maureen

Sampath Bank Introduces Revolutionary Payment Method, Sampath PayBand, a Wearable Device for Seamless Payments First Time In Sri Lanka.

As the global trend towards contactless payments continues to surge, Sampath Bank proudly unveils its latest innovation: Sampath PayBand, the versatile Wearable Payment Device. This groundbreaking solution promises to redefine the transaction landscape in Sri Lanka, catering to the evolving preferences of the younger generation and tech-savvy consumers. Representing a significant milestone as the country's first of its kind, Sampath PayBand, heralds a new era in convenient and secure transactions.

Designed with a meticulous focus on enhancing the customer experience and streamlining payment processes, Sampath PayBand features a sleek Silicon Wristband embedded with a payment chip. Seamlessly integrated with Sampath Bank Savings accounts, this cutting-edge device empowers users to effortlessly make transactions with a simple tap or wave at any NFC-enabled POS terminal. Gone are the days of cumbersome wallets, forgotten cards, and misplaced phones – Sampath PayBand offers unparalleled convenience at every touchpoint.

"At Sampath Bank, we are dedicated to driving innovation and embracing emerging technologies to meet the evolving needs of our customers," said Mr. Shiran Kossinna - Assistant General Manager Card Centre at Sampath Bank. "With the introduction of Sampath PayBand, a Wearable Payment Device, we aim to provide a seamless and hassle-free shopping experience, empowering our customers with the freedom to make cashless payments effortlessly."

Sampath PayBand offers a plethora of benefits to users such as Convenient : Seamlessly make payments with a simple tap or wave, Innovative : Embrace cutting-edge payment technology for seamless transactions, Swift : Complete transactions swiftly, outpacing traditional methods, Productive : Leverage wearable technology to boost engagement and productivity, Lifestyle oriented : Enjoy compatibility with modern payment methods that align seamlessly with customer preferences.

Launched in partnership with VISA, a global payment card services corporation facilitating electronic funds transfers throughout the world, the Sampath PayBand underscores the Bank’s dedication to providing cutting-edge banking solutions that meet the evolving needs of today's consumers, offering convenience, security, and peace of mind.

Being the first of its kind in Sri Lanka, Sampath PayBand stands as a unique and compelling offering for consumers. Unaffected by rain or shine, work or party, the product is the ideal choice of the Gen Z and tech-savvy generation who look for convenience, versatility and fashion when selecting products for their use.

Sampath PayBand, will be available to all existing and new account holders at select Sampath bank branches from mid-June onwards where interested customers will receive personalized assistance and guidance on setup and usage upon acquiring a device.

Sampath Bank is one of Sri Lanka's leading private sector commercial banks, renowned for offering a wide range of innovative financial products and services to its customers. With an unwavering commitment to excellence and customer satisfaction, Sampath Bank continues to drive growth and innovation in the banking industry.

Lankan Agri Products for Singapore.

Lankapuvath | Colombo | 14-04-2024 |
Claude Gunasekera

Singapore’s Food Safety Agency officials explore local food processing firms
A delegation from the Singapore Food Agency (SFA), the competent authority responsible for food safety and security in Singapore, visited Sri Lanka from the 25th to the 28th of March. The delegation was headed by Dr. Abdul Jalil Abdul Karder, Assistant Chief Executive Officer (Operations), along with two other officers from the Joint Operation Division of the SFA.

The purpose of the visit was to conduct pre-inspections of slaughterhouses in Sri Lanka that have applied for licenses from the SFA in Singapore, with the objective of assessing the potential of Sri Lankan companies to be approved as sources of poultry products for Singapore.

For Sri Lanka to export poultry products to Singapore, it is imperative for the country to meet the stringent requirements set out by the SFA. In this regard, facilitating this process, the Sri Lanka Export Development Board (EDB) organized additional visits for the SFA delegation to a rice processing mill, a fruit and vegetable processing center, as well as a seafood export company.

In collaboration with the SFA, the Sri Lanka High Commission in Singapore, the Department of Animal Production & Health (DAPH), and the EDB undertook efforts aimed at promoting Sri Lankan products, particularly poultry and rice, in the Singaporean market.

Applications for licenses from Sri Lankan poultry processing and export companies, facilitated by the DAPH, are currently under evaluation by the SFA. Additionally, samples from various rice processing mills were submitted to the SFA for further assessment by potential clients. During their visit, the Singaporean team also held discussions with the EDB Chairman Dr. Kingsley Bernard, and other officials of the Board. These discussions revolved around existing export opportunities and enhancing trade relations between the two nations. Representatives from the Sri Lanka Food Processors Association and the Sri Lanka Fruit & Vegetable Association also joined the deliberations.

The visit of this delegation marks a significant step towards strengthening trade ties between Singapore and Sri Lanka, understanding the international quality and safety requirements for exports while considering opening doors for Sri Lankan poultry products to enter the Singaporean market and expanding market for other Fisheries/ Agriculture products in Singaporean market.

Informative Webinar on available renewable energy projects in Kwazulu-Natal Province in South Africa

Lankapuvath | Colombo | 03-04-2024 |
The Sri Lanka High Commission in Pretoria, South Africa, in collaboration with the Sri Lanka
Export Development Board (EDB) and the Gauteng office of Trade and Investment Kwazulu-Natal, organized an informative webinar on “Available renewable energy projects in Kwazulu-Natal” for the Sri Lankan renewable energy companies on 26th March 2024.

Mr. Suminda Mendis, the Acting High Commissioner of Sri Lanka in Pretoria and Ms. Anoma Premathilake, Actg. Additional Director General of Sri Lanka Export Development Board welcomed all the participant and introduced the objective of this webinar to the audience.

Ms. Donnee Kruger, Manager of Gauteng office of Trade and Investment Kwazulu-Natal explained the current energy crisis in South Africa and solutions. With that she introduced “Energy one stop shop” which provides a single window facilitation process for energy projects in South Africa. She further explained the current energy environment and opportunities in South Africa.

The High Commission of Sri Lanka in Pretoria invited two guest speakers who are in the field of renewable energy in South Africa. Mr. Deoline Subramany and Ms. Michelle Visser of ART Solar company and Mr. Leo Williams from Photon Energy South Africa presented their engagements and their capacities for producing renewable energy in South Africa. They mentioned that they would like to collaborate with Sri Lankan companies.

The Sri Lankan companies who were part of the webinar engaged on the discussion and requested information on the tariff, concessions and approval process for the South African projects.

Ms. Thiloka Perera, Second Secretary – Commercial of the Sri Lanka High Commission in Pretoria, and Ms. Indumini Kodikara, Director – Export Services, EDB thanked all the speakers and participants for joining for the webinar. Ms. Kumudini Irugalbandara, Assistant Director, EDB attended to all the background work to implement this successful webinar in collaboration with the Sri Lanka High Commission in Pretoria.