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Thursday May 23rd, 2024

Visiting China Garment Association members meet Sri Lanka firms

ECONOMYNEXT – A delegation of China National Garment Association has met 12 Sri Lanka firms in a bid to explore potential synergies, the Export Development Board said.

The 30 member CNGA delegation participated in business-to-business (B2B) meetings, factory visits, and dialogues with key governmental institutions.

“The primary objective of this high-level delegation was to bolster existing trade relations and explore fresh avenues of collaboration and invest in the Sri Lankan apparel industry,” the EDB said in a statement.

“The B2B meetings provided a conducive environment for fostering direct dialogue and exploring potential synergies between the Chinese representatives and their Sri Lankan counterparts.

The interactions enhanced mutual understanding, facilitated knowledge sharing, and lay the groundwork for investment opportunities and mutually advantageous partnerships, EDB said.

The CNGA is a leading industry association with over 1,400 major members and covers most of the original apparel brands in China. (Colombo/May15/2024)

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Japan to provide HR scholarships to Sri Lanka public officials

ECONOMYNEXT – The Government of Japan will provide scholarships to study Master’s Degrees and Doctorate Degrees in HR to executive level officials in Sri Lanka’s public sector, cabinet spokesman minister Bandula Gunawardena said.

“Japan has agreed to grant scholarships worth 304 million Japanese yen (approximately 578 million rupees),” Gunawardena told reporters on Thursday.

“Accordingly. the Cabinet approved the proposal to sign letters of exchange with the Government of Japan and to enter into an agreement with the Japan International Cooperation Agency (JICA) in order to receive the grant.

The Japanese Grant Aid for Human Resources Development Scholarship (JDS) Programme was introduced in 2010 to enable Sri Lankan officials to study in prominent universities in Japan.

Under the scheme, 225 scholarships have been provided previously for public officials to pursue postgraduate courses, and 17 scholarships for doctoral courses, the minister said.

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Sri Lanka to receive Japanese aid for human resource development scholarship

“The Government of Sri Lanka expects that the public officers who will be benefited under this programme will contribute to the social and economic development of the country in a productive manner with self–confidence and also contribute to strengthening the existing bilateral relationship between two countries,” the JDS website says. (Colombo/May23/2024)

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Sri Lanka plans to expand Bingiriya export zone to 1,100 acres

ECONOMYNEXT – Sri Lanka is expanding an export processing zone in Bingiriya in Kurunegala and plans to link the area with Puttalam with roads and other infrastructure, Minister Bandula Gunawardana said.

A task force of ministerial secretaries will be appointed to carry out the tasks speedily, following a cabinet paper submitted by President Ranil Wickremesinghe said.

The Bingiriya zone already has 157 acres and another 282 acres is being developed by the Board of Investment, he said.

Steps would also be taken to acquire 666 acres.

There was no information whose lands would be acquired. (Colombo/May23/2024)

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Sri Lanka has power breakdowns amidst extreme weather

ECONOMYNEXT – The state-owned power utility, the Ceylon Electricity Board has reported over 36,900 breakdowns resulting in power interruptions to more than 300,000 consumers in the last three days due to inclement weather in the island, the power minister said.

“Additional service staff has been assigned to attend the breakdowns and the CEB management & service staff are working 24 hours to restore power to the affected consumers,” Minister of Power and Energy, Kanchana Wijesekera said on social media platform X (twitter).

Wijesekera said consumers could report power interruptions through the CEB hotline 1987, via SMS to 1987 with BD and the electricity consumer number to follow, or use the CEB Care app, or through

The South-East monsoon has seen floods, landslides and strong winds do damage to the utility provider’s infrastructure in the last week. (Colombo/May23?2024)

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