Newsletter from Sweden-Sri Lanka Business Council
Video: Sri Lanka, an emerging trade hub in South Asia
We also encourage you to view the latest edition of ITC’s video news programme, TradeCompass, which puts Sri Lanka in the spotlight. Sri Lanka, an emerging trade hub in South Asia
Visit Sri Lanka with SSLBC in February 2017
Join us for a visit to Sri Lanka. In February 2017 Open Trade Gate/Kommerskollegium with Sri Lankan Embassy in Sweden and Department of Commerce will arrange a seminar about "Sustainabile export to Sweden". This seminar is for the Sri Lanka companies. SSLBC will lead a small delegation of Swedish companies who will have a tailor made program.
13-17 February 2017
Govt to build 100 Mw Solar Park
A feasibility study will be carried out for the construction of a 100 MW Solar Park in Siyambalanduwa, Monaragala, the government said.
South Asia: Regional Integration and Greater Economic Freedom Will Boost Growth and Prosperity
South Asia, one of the fastest-growing regions in the world, is home to 1.7 billion people and has the world’s largest working-age population. The region’s average annual GDP growth is projected to be well above 8 percent by 2020.
Sri Lanka earmarks areas for tourism development
Sri Lanka recently announced plans to develop between five and eight themed tourism development zones. The plan, which will be completed in approximately five years, has the dual objective of encouraging international tourism to Sri Lanka, as well as bringing in foreign investment. Sri Lanka hopes the initiative will bring 5 million additional tourists to the country by 2020.
EU-Sri Lanka launch EUR 8mn project for SME trade competitiveness
Nov 16, 2016 (LBO) – The European Union has launched a 8 million euro project that will help Sri Lanka increase its small and medium enterprise trade competitiveness in regional and European markets.
“This project has been jointly designed with the Government of Sri Lanka, and brings together policymakers, government agencies, business leaders, chambers of commerce and apex organisations with the aim of improving competitiveness gaps and expanding international trade,” Tung-Lai Margue, ambassador of the European Union to Sri Lanka, said.
Revamp for Western Province
- Immediate infrastructure and utility service improvements for Western Province on the cards
- Construction of multimodal transport hubs in Battaramulla, Katunayake, Kadawatha, Moratuwa, and Panadura and regularising the bus service reaching the town
- Extending the proposed elevated road from Kelani Bridge to Rajagiriya via Orugodawatta to outer circular highway covering Battaramulla administrative city
- Construction of new flyovers in Kohuwala junction and railway crossing near Castle hospital
- Extension of baseline road to Galle road.
- Three new solid waste management plants
- Two new reservoirs in Seethawaka Ganga and Wee Oya for drinking water
- See more at
Trade is not just for big businesses: Role of Sri Lankan SMEs in trade
Small and Medium Enterprises (SMEs) play an important role in economies in terms of their contribution to national output, employment and share of firms operating in countries. In Sri Lanka, they form the backbone of the economy and can be found in all sectors of the economy. The SME sector in Sri Lanka accounts for 52 percent of the GDP, and 45 percent of the total employment, whilst making up more than 75 percent of the total number of enterprises in the country. - See more
Sri Lanka powers ahead with desalination plans
The Sri Lankan government is moving ahead with its plans to produce desalinated water, issuing a request for qualifications on one project, and an invitation for bids on another.
ADB grants USD 115 million financial assistance to fully electrify Sri Lanka
Dec 19, Colombo: The Asian Development Bank (ADB) has granted Sri Lanka USD 115 million of financial assistance for the implementation of Supporting Electricity Supply Reliability Improvement Project to fully electrify the island including its small isolated islands.
Another Singapore: 6 questions for Sri Lanka’s economic future
Sri Lanka’s dream of being an Asian trading hub on a par with Singapore may yet be a reality, writes Kieran Arasaratnam, but success will depend on an ability to answer some difficult questions and confront a bloody past -
Sri Lanka approves 2017 budget, aims to raise revenue through taxes.
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THE FAIRWAY GALLE LITERARY FESTIVAL
Newsletter with previous articles
Sweden-Sri Lanka Business Council
The purpose of Sweden Sri Lanka Business Council (SSLBC) is to promote business, friendship, goodwill and understanding between Sweden and Sri Lanka through personal networks and contacts.
SSLBC shall create contacts with relevant trade associations, business intermediaries and companies in both countries in order to encourage business and trade between Sweden and Sri Lanka.