An Echelon Media Company
Wednesday February 1st, 2023

Sri Lanka begins seafood exports to Ukraine from Mattala

ECONOMYNEXT – Sri Lanka has begun exporting seafood to Ukraine on a new route from Mattala Rajapaksa International Airport to Kiev operated by SkyUp Airlines.

SkyUp is flying to Sri Lanka via Sharjah carrying tourists and is now taking back those who have completed their stay.

The outward bound SkyUp flght PQ-0556 to Ukraine had carried the first seafood shipment of 685 kilogram made up of tuna, prawn and mullet.

“MRIA is positioned to utilizing its strategic geographical location to boost passenger movements, and is now aggressively marketing its capability to attract cargo exports..,” Shehan Sumanasekara, Director of Operations, Airport and Aviation Services (Sri Lanka) (Private) Limited said.

“Sri Lanka has emerged as a quality fish and seafood exporter, addressing such opportunities, MRIA is ready and equipped to handle increased volumes of seafood air freight cargo in the future.”

Sumanasekara said Mattala is supporting local producers to market fresh vegetables, fisheries, fresh fruits and ornamental fish bringing in foreign earnings.

Sumanasekera said plans are underway to make Mattala Airport a cargo transhipment hub in the future linking the airport and seaport via bonded trucking and rail.

In addition to SkyUp, Ukraine International Airlines is also flying to Mattala, extending its regular flight to Oman. (Colombo/Jan08/2021)

Comments (2)

Your email address will not be published. Required fields are marked *

  1. Sam Panditha says:

    This is a one time story driven by unusual circumstances
    We had a Ukrainian special aircraft bringing tourists with no landing fees and no parking fees. Return flight no CARGO load. We also have a depressed fish market in the country and very low fish prices
    This is an EXCEPTIONAL case
    We challenge MATTALA to export same next month

  2. Adwani says:

    Business has become a great monopolistic concept, those who are closer to politicians will have a better chance of doing business, while the genuine businessmen are languishing in a weak economical environment.

View all comments (2)

Comments (2)

Cancel reply

Your email address will not be published. Required fields are marked *

  1. Sam Panditha says:

    This is a one time story driven by unusual circumstances
    We had a Ukrainian special aircraft bringing tourists with no landing fees and no parking fees. Return flight no CARGO load. We also have a depressed fish market in the country and very low fish prices
    This is an EXCEPTIONAL case
    We challenge MATTALA to export same next month

  2. Adwani says:

    Business has become a great monopolistic concept, those who are closer to politicians will have a better chance of doing business, while the genuine businessmen are languishing in a weak economical environment.

Sri Lanka bond yields down at close

ECONOMYNEXT – Sri Lanka’s bond yields were down at close following a bond auction on Wednesday, dealers said while a guidance peg for interbank transactions remained unchanged.

“The rates were steady at the auction,” a dealer said.

“This can be a signal to the market saying the rates will go down in the future.”

A bond maturing on 01.07.2025 closed at 32.40/60 percent, down from yesterday’s 32.60/85 percent.

A bond maturing on 01.05.2027 closed at 29.10/35 marginally down from yesterday’s 29.20/75 percent.

The Central Bank’s guidance peg for interbank US dollar transactions remained unchanged at 362.14 rupees against the US dollar.

Commercial banks offered dollars for telegraphic transfers at 371.38 rupees on Friday, data showed. (Colombo/Feb 01/2022)

Continue Reading

Sri Lanka bill auction hits pothole after 2025 bond spike

ECONOMYNEXT – Sri Lanka sold only 45 billion rupees in Treasury bills at Wednesday’s auction after offering 120 billion rupees, data from the state debt office showed, amid market confusion over a spike in a two year bond at an earlier action.

30.1 billion rupees of 3-month bills were sold at 29.91 percent, unchanged from a week earlier after offering 60 billion rupees for auction.

5.1 billion rupees of 6-month bills were sold at 28.72 percent, flat after offering 30 billion.

10.3 billion rupees of 12-month bills were sold at 27.72 percent after offering 30 billion.

Phase II subscriptions have been opened.

The market was foxed after the 2025 bonds were accepted at sharply higher yield than market on January 30, dealer said.

There was further confusion as the there was an outright purchase of 2025 at around 29 percent earlier in January.

Some investors speculated that the authorities were trying to drive more buyers towards short end bonds as bill volumes were getting larger. (Colombo/Feb01/2023)

Continue Reading

Sri Lanka services exports down 5.9-pct in 2022

ECONOMYNEXT – Sri Lanka’s services exports were estimated to have fallen 5.9 percent to 1,876.3 million US dollars, the island’s Export Development Board said.

Services exports estimated is made up of ICT/BPM, construction, financial services, transport and logistics.

There are more than 500 ICT companies, the EDB said.

Sri Lanka’s merchandise exports were up 4.6 percent to US dollars 13.1 billion dollars in 2022 from 2021.

Sri Lanka’s goods exports are slowing amid lower growth in Western markets. (Colombo/ Feb 01/2023)

Continue Reading