Sri Lanka Plast and Rubexpo launch in August

Daily FT - 21/07/2014

Enterprising Fairs India Limited, a B2B exhibition company from India, has collaborated with the Plastics and Rubber Institute of Sri Lanka (PRISL), to conduct their second edition of Sri Lanka Plast – a Plastics Expo and the first edition of Rubexpo – a Rubber Expo on 14, 15 and 16 August 2014 at BMICH, Colombo. The Ministry of Industry and Commerce (MOIC), Export Development Board (EDB), Industrial Development Board (IDB), Rubber Research Institute of Sri Lanka (RRISL) and Central Institute of Plastics and Engineering Technology, a government body of India (CIPET) have also extended their support to these B2B exhibitions.

The plastics and rubber expos are B2B exhibitions bringing over 150 exhibitors from 10 different countries, including Sri Lanka, India, China, Taiwan, Japan, Italy, Philippines etc. showcasing their, machinery and technology available.
There will also be a guidance booth for young and aspiring entrepreneurs who can get direction on how to start a business in the plastics and rubber industry. This expo is set to attract over 20,000 visitors over the three days according to the organisers.

On behalf of the organisers Enterprising Fairs India Ltd. Managing Director B. Swaminathan said, “As a catalyst that encourages trade, we are happy to launch two significant expos focussing on plastics and rubber, which play an integral part on local export earnings. As a developing nation Sri Lanka is opening up with its economy and infrastructural advantages, there is no better time than this to open up the country and inviting international businesses to experience its riches.”

As a prelude to these exhibitions, PRISL together with Enterprising Fairs has planned an International Seminar on Trends and Advancements in the fields of plastics and rubber on 5 August and an exclusive CEO Forum on 1 August at The Kingsbury Hotel, Colombo to encourage the plastics and rubber industries to take ‘exports’ as growth strategy. Experts from the Government, EDB and few from India are expected to address this elite forum, powered by Sri Lanka Plast and Rubexpo. People who want to visit these expos are encouraged to pre-register to the seminars through www.enterprisingfairs.in or call 0114545687 for more information.

Lankan boats get international exposure

Ceylon Today - 20/07/02014
By Ravi Ladduwahetty

Sri Lanka's boatbuilding capability for international markets will be further showcased when the Boat Show and Fisheries Exhibition 2014 will be held at the Dickowita Fisheries Harbour from 10-12 October.


Also coinciding with this event will be the International Council of Marine Industry Associations (ICOMIA) regional parley, which will be held at the Pegasus Reef Hotel, also from 10-12 October. Both events will be hosted by the Sri Lanka Export Development Board (SLEDB) in collaboration with the Boat Building Technology Improvement Institute (BTI) and the Building A Future (BAF) Foundation.

Strengthening the boat industry
In addition to the regional meeting, an industry conference will be organized with eminent speakers from ICOMIA for the benefit of the local industry in Sri Lanka, where over 25 resource personnel will also address the parley.

Boat building is a lucrative and thriving industry which was capitalized by the western world during the previous decade. The centre for manufacturing boats is now moving toward developing countries from developed countries mainly due to the competitive labour costs and the skilled and trainable workforce offered by these countries. The increased demand for boats worldwide for fishing, industrial, commercial and leisure purposes open up huge opportunities and new markets for boatbuilding in Sri Lanka, due to its strategic location, highly trainable workforce and labour cost advantage.
The EDB has identified the boatbuilding industry as a key product sector which contributes markedly in achieving the export target of US$20 billion in 2020.

The wide range of products and services offered from this sector includes yachts, pleasure and leisure boats, fishing boats, fast attack craft, passenger, sports, rescue, coast guard and patrol boats and boatbuilding accessories.
There are around 20-25 active boat yards around the country out of which 10 boat yards have medium- to large-scale manufacturing facilities and others are small scale manufactures. Sri Lanka's main export markets for ships and boats are Seychelles, Singapore, India, the Netherlands, Norway and Mauritius.

Some of the potential buyers of Sri Lankan boats internationally are hotels and resorts, private fish importers and exporters, boat builders, tourism authorities, adventure clubs and water sports enthusiasts, Navy and Coastal Guards, underwater diving and salvage operators, yachting and sailing clubs among a host of others.

Building a potent network

Founded in 1967 and officially located in the United Kingdom (UK), ICOMIA is an international trade association that brings together national recreational marine industries. ICOMIA has currently 34 full members representing virtually all countries with an active recreational marine industry in Europe, North America, Asia and Australia.
The ICOMIA organizes the biannual World Marine Conference and biennial regional meetings in various countries around the world with the objective of improving the quality of the recreational boating experience through the development of marinas, yacht harbours, boatyards and small boat launching ramps.

Hosting of an ICOMIA Regional Meeting in Sri Lanka will create awareness amongst all concerned, competence in the boat building sector and the massive potential for marine tourism in the country. Interaction with members with international expertise in marinas, recreational boating facilities, boat storage development, management and education will not only benefit Sri Lanka in exchanging relevant technical, environmental, and marketing information but in attracting much-needed investment opportunities for the boat building and marine tourism sectors by improving the profile of the country in the international arena.

With all our competencies and skills, Sri Lanka can project a more positive and favourable image if we pay particular emphasis on product and market diversification. We have already proven our expertise in the manufacture of boats with internationally accepted standards and quality.

"The increasing demand for boats worldwide for fishing, industrial, commercial and leisure purposes has opened up huge opportunities and new markets for the boat building industry of Sri Lanka, due to its strategic location, highly trainable workforce and the labour cost advantage," says Chairman of the EDB, Bandula Egodage.
He also noted that a promising competitive domestic industry always compliments the development of a successful export-oriented industry.

There is a growing interest in the boating activities in Sri Lanka which will create additional domestic market opportunities for the industry. The fishing industry in Sri Lanka, too, is moving towards deep sea fishing using multiday boats creating opportunities in the fishing boat sector.
Several improvements in the tourism industry; the influx of fairly high-spending tourists, more international hotel chains investing in Sri Lanka; will definitely pave a way for a boat building industry to thrive.

The EDB Chief also feels it was high time for the boat and ship building industry to develop a new strategy to make use of the full potential of these developing trends in the international and domestic markets.
The first-ever Boat Show in 2008 opened up a new frontier of fishing leisure, industrial and commercial vessels and marine tourism where 44 stalls displayed Sri Lankan capabilities.

Following the success of the 2008 show, Sri Lanka continued this momentum by making Boat Show a biannual event and organized its second and third editions in 2010 and 2012, respectively.
The Boat Show Sri Lanka, which is considered South Asia's most focused and largest international boat exhibition, continues to build up a strong network for the Sri Lankan boat industry.

The Boat Show Sri Lanka 2014 will be once again organized with the objective of providing a single platform for all related business sectors involved directly and indirectly in the boat industry to display and promote their respective sectors for potential clients.

EDB enters WTO global benchmark

Daily News - 17-07-2014

For the first time, the Export Development Board has entered WTO, UNCTAD, ITCs benchmark of global export agencies and finished among the top ten. EDB has come to the sixth spot among 30 national trade promotion organisations across the world, benchmarked by the International Trade Centre under WTO and UNCTAD. EDB's score in 2012 study is above average and the next level to move is 80% "High level TPO Performance" category and then, finally to 100% -what we call "world class".

"EDB has done quite well in International Trade Centre's 2012 Lanka EDB benchmarking test. EDB has come to sixth spot among 30 national trade promotion organisations across the world, benchmarked by us-the International Trade Centre under WTO and UNCTAD" said Geneva based Martin Labbe (Senior Officer, Trade Support Institutions Strengthening, International Trade Centre, Switzerland) in Colombo addressing the inaugural session of the four day "Performance Improvement Roadmap for Sri Lanka's EDB by ITC" at the EDB Auditorium, Colombo.

"The identities of the 30 countries of the benchmarked index are kept confidential by ITC. However, let me say that among the top ten, where Sri Lanka too is now placed, are countries with high economic development and social rankings -such as from the influential global grouping of Organization for Economic Cooperation and Development (OECD)," said ITC Senior Officer Labbe.

EDB Chairman and CEO Bandula Egodage said: "Despite export success with record exports, government continues to closely focus on exports and achievement of $20 b exports goal by 2020." "As a result, EDB enhanced its effort towards this goal. Performance Improvement and Key Performance Indicators (KPIs) are key factors for the sustainability of any organisation, including EDB." 

‘France’s economic power to weld with Sri Lanka’s rapid growth’

The Island - 15/07/2014
By Steve A. Morrell

‘Preparations for CHOGM. Colombo was a busy hive of activity. We were wondering if infrastructure for that event could be completed. It was done. No problem. It was a substantial undertaking of deft organization; of things falling into place. Of every little detail being

observed and the main event worked off with clinical attention to detail, said Ambassador of France to Sri Lanka Jean-Paul Monchau recently, talking to the business community and the press at the National Chamber of Commerce auditorium.

The National Chamber convened the conference to disclose benefits for Lanka through interaction with French business interests. Additionally, interest zones for French involvement in commercial activity and broadening the sphere to promote and enhance closer French business ties with Sri Lanka featured in the event. However,the more important aspect was that economic activity witnessed rapid growth here.

Commercial activity prevailing in Sri Lanka was impressive, Monchau said. Within that climate of on-going infrastructure so essential for any commercial undertaking, French businesses would be encouraged to extend their business undertakings for joint projects.

He said, currently tea and garments were their main business dealings. Tea amounts to barely 4 % imports to France. The press suggested that rather than the French people drink wine, they should drink more tea and improve trade relations with Sri Lanka. ( Ceylon Tea was synonymous with a quality product from Sri Lanka). The room erupted in laughter.

The press also questioned Ambassador Monchau on travel restrictions enforced by the French government which stifled business possibilities for Sri Lankan businesses. He said there were some restrictions in place but such areas of concern could always be ironed out.

He said population in France would grow and by 2050,France would be the most populated country in Europe.

Currently France is the 5th most powerful economic power in the world. This would improve. For instance, America grew because of its contributory human resources factor and they placed high importance on that resource. Conversely, the German economy would slow down because that country is faced with dwindling population figures.

France now has 65 million people and there was every possibility that the French population would grow.

The student population too was growing. Language was no problem because there were about 700 English colleges and institutions that had their instructions in English. Students were taught in that language as well.

French exposure to the world was progressively expanding in commerce and trade.

France was looking for business partners in rubber based products, gems and jewellery, ceramics, spices, coconut fibre and similar areas of exports.

Chairman Export Development Board ( EDB) and Director General EDB clarified areas for French interaction. Also Director, BOI, Dilip S. Samarasinghe commenting said the BOI encouraged partnerships and added that further clarification could be gleaned from their web sites. He said they were also available online for further information.

Ambassador Monchau said infrastructure growth in Sri Lanka and allied commercial advancement were significant. Such advances could be plus factors that would promote closer business activity for mutual benefit.

Influx of tourists to Sri Lanka from France, he said, was also increasing. Last year some 65,000 tourists visited Sri Lanka.

At the press conference, the head table included, Deputy President, National Chamber of Commerce Sujeewa Samarasekera, Deputy President NC, Tilak Godamaana, Jean- Paul Monchau, President NC, Sunil G. Wijesinghe, Economist, French Embassy, Jean-Louis Poli, Sec General, NC, Bandula Dissanayake.

Boat Show 2014 to attract major buyers to Dickowita

Daily News - 16-07-2014
By Indunil Hewage

Fisheries and Aquatic Resources Minister Rajitha Senaratne, Boat Building Technology Improvement Institute Lanka Chairman Neil Fernando. and officials at the official launch of Boat Show 2014. Picture by Sumanachandra Ariyawansa

South Asia’s premier boat show and fisheries exhibition, ‘Boat Show 2014’ organized by Boat Building Technology Improvement Institute (BTI), Sri Lanka Export Development Board and Lanka Exhibition and Conference Services will take centre stage from October10 to12 at the Dickowita Fishery Harbour.

The theme of the event is ‘Promotion of Leisure Boating in Sri Lanka’.

The main objective of the event is to attract buyers from all corners of the globe, while positioning Sri Lanka as the hub for the industry in South Asia and to develop a forum between buyers and sellers to facilitate industry growth. The main feature of this year’s event will be the meeting of the International Marina Group of the ICOMIA, concentrating on the promotion of marina development and the development of leisure boating tourism.

The event will see the participation of over 30 delegates and boating and marina business specialists who will share knowledge and expertise.

Boat Building Technology Improvement Institute Lanka Chairman Neil Fernando said the exhibition has been designed to provide an even larger and more diverse show for enthusiasts and industry professionals from India, Pakistan, Maldives, Bangladesh, Singapore, South Korea,China,Germany,Netherlands,UK and USA.

“The event is a platform for local builders to display their capabilities and a gateway to attract foreign investments and technology. The exposure of this event will continue to add value to individual builders, industry and nation as a whole,”he said.

Specific sections on exhibition will include segments for boat builders, life rafts, fishing boats and equipment,water sports equipment and accessories, outboard engine parts and services and boat interiors.

The total exhibition will cover over 44 wide facets of the industry in terms of both industrial and recreational fishery as well as boating and leisure.

Herath said they have taken another step forward by combing the fisheries industry with this event.

It is the fisheries industry that has been the driving force behind the local boat building industry. Our boats are more popular in overseas markets and more and more people are visiting Sri Lanka to purchase fishing vessels. Therefore we believe that combining the segments of the industry with the boat show will further add value to the event.

In order to achieve new heights, the industry requires to have infrastructure to cater to new requirements. Development of such infrastructure was not possible over the years, Since the end of war, this has now become a possibility.

The development of marinas in selected areas of the country will act as catalyst to drive new investment and create new opportunities in the sector.

It will open up possibilities in the leisure boating markets and also create much needed infrastructure for marine tourism sector. It will also open up opportunities in yacht charter sector which will further boost Sri Lanka as a tourism hub.”

“Sri Lanka is a tourism hub. Activities such as diving, whale watching , sport fishing and sailing will add value to Sri Lanka’s nation as well as the livelihoods of local people in those areas by creating more job opportunities.

“We thank the Fisheries Minister for removing duties on the import of outboard engines and inboard marine engines, the removal of the value added tax on components for outboard engines which has greatly benefitted the fisheries industry. I also thank the government for imposing a duty on imports of boats to protect the local boating industry,” Herath said.

Cinnamon could fight Parkinson’s

Sunday Times - 13/07/2014

Cinnamon could be a secret weapon in the battle against Parkinson’s disease. Scientists have found that the spice is the source of a chemical that can protect the brain.

Our liver converts cinnamon into sodium benzoate, an approved drug used in the treatment for neural disorders.

In a study of mice at Rush University Medical Centre in Chicago, a team of researchers found that the chemical then enters the brain, stops the loss of proteins that help protect cells, protects neurons and improves motor functions.

Lead researcher Professor Kalipada Pahan told the Journal of Neuroimmune Pharmacology: ‘Cinnamon has been used widely as a spice throughout the world for centuries.

‘This could potentially be one of the safest approaches to halt disease progression in Parkinson’s patients.’

Professor Pahan said tests had shown that Ceylon cinnamon is better at halting Parkinson’s as it is more pure.

He said the next step is testing cinnamon on patients with the disease.

The study found that after being eaten, ground cinnamon is converted into the chemical sodium benzoate, which then enters the brain, stops the loss of Parkin and DJ-1, protects neurons, normalises neurotransmitter levels, and improves motor functions in mice with Parkinson’s disease.

Professor Pahan said: ‘Understanding how the disease works is important to developing effective drugs that protect the brain and stop the progression of Parkinson’s.’

Parkinson’s disease is a slowly progressive disease that affects a small area of cells within the mid-brain known as the substantia nigra.
Gradual degeneration of these cells causes a reduction in a vital chemical neurotransmitter, dopamine. The decrease in dopamine results in one or more of the classic signs of Parkinson’s disease that includes: resting tremor on one side of the body; slowness of movement; stiffness of limbs; and gait or balance problems.

The cause of the disease is unknown, but both environmental and genetic causes have been speculated by experts.
While one in six patients are diagnosed before age 50, it is generally considered a disease that targets older adults, affecting one of every 100 persons over the age of 60.

Rapid growth in IT/BPM revenue

nation.lk - 13/07/2014

SLASSCOM says untapped potential lies outside Fortune 500 firms Sri Lanka has witnessed a brisk growth in export revenue in the field of Information Technology and Business Process Management (IT/BPM) with revenue for 2013 estimated to have increased to US$ 720 million from US$ 605 million in 2012 and projected to rise to US $850 million by end this year. According to a recent industry report by the Sri Lanka Association of Software and Service Companies (SLASSCOM), the primary IT/BPO business association in Sri Lanka, the industry has shown an impressive revenue growth trend of about 238% since year 2007 whilst total employment grew from 33,700 in 2007 to an estimated 75,100 employees in 2013, and the number of companies in the industry grew from 170 in 2007 to over 220 in 2013.

“According to the ICT export survey 2010, large companies contributed to over 70% of the export earnings whilst medium and small scale companies contributed the balance. In the BPM sector, over 90% of the contribution was by the larger players,” the Sri Lankan IT/BPM Industry 2014 Review, a SLASSCOM publication, prepared by PricewaterhouseCoopers in Sri Lanka stated.

The report noted that out of the total revenue of US $720 million achieved in 2013, IT sector claimed 77.5% of the total and BPM accounted for 22.5% with the top three markets being Europe (UK and Ireland), US and South Asia.

“Moreover, the Asia-Pacific region has shown faster growth than mature markets whilst the industry makes significant market presence in Australia/New Zealand, Asia Mature Markets and the Middle East,” the report disclosed.

Meanwhile, the report noted that outside of the Fortune 500 companies, a massive opportunity lies in the huge untapped markets of SMEs, public sector and family run entities which will require a different and more innovative service model. The industry body said that as the traditional outsourcing model for BPM continues to evolve towards more value added services, cost arbitrage has become secondary to value creation and industry knowledge in the decision, making process of who and where to partner.

“With cloud solutions becoming increasingly more stable and cheaper, opportunity exists to leap frog into next generation services such as demand based and online big data services,” the report highlighted.
Sri Lanka’s IT/BPM industry has set its vision to achieve USD 5 billion in exports by 2022 while generating 200,000 jobs and creating 1,000 start-ups in this process. The country’s overall strategic vision is backed by its approach to differentiation and target markets with planned initiatives for skills development and talent management. The industry adopts a six pronged approach to drive strategy to reach the desired target by 2022.