Essayer OR - Gratuit

BOC makes commendable contribution to nation's export growth

Daily FT

|

June 17, 2025

In conversation with EDB Chairman Mangala Wijesinghe

BOC makes commendable contribution to nation's export growth

Sri Lanka's export economy is entering a period of adjustment. For decades, tea and apparel have done the heavy lifting. But with changing markets, new trade regulations, and a wider push for economic recovery, the country is now being asked to think differently about how it earns foreign income.

The Export Development Board plays a central role in this. Led by Mangala Wijesinghe, the EDB is working across agencies and sectors to expand the reach of Sri Lankan products and services. That includes tackling long-standing issues around market access, improving support for small exporters, and finding ways to bring younger business owners into global trade. In this interview, EDB Chairman Mangala Wijesinghe explains the Board's current focus, the importance of financial and institutional partnerships such as those with Bank of Ceylon, and what it will take to create lasting opportunities for Sri Lankan exporters in a changing world.

Q: How would you describe the EDB's current role in driving Sri Lanka's export competitiveness and economic diversification? Could you share some key focus areas the Board is prioritising this year?

A: The EDB plays a pivotal role in driving the country's export growth via its mandate as the policy adviser, monitor, promoter, facilitator, and knowledge provider in developing and promoting Sri Lanka's exports. The goal of the EDB is to provide assistance and create opportunities for Sri Lankan exporters and industries to expand their business internationally, thereby increasing export sales and employment prospects in the region.

Being the premier export promotion agency in the country, we assist export-ready entrepreneurs to enter the international marketplace by providing guidance and advice to fulfil key market entry requirements such as obtaining the vital internationally recognised quality standard certifications as well as ensuring compliance with the necessary legal requirements.

PLUS D'HISTOIRES DE Daily FT

Daily FT

UN warns "world is not prepared” for escalating climate disasters

THE United Nations yesterday issued a stark warning that the world is increasingly vulnerable to extreme weather events, with current systems, financing and infrastructure far from adequate to handle the accelerating pace and scale of dimate-related disasters.

time to read

2 mins

December 12, 2025

Daily FT

Daily FT

Sajith launches Disaster Information Centre

Located at Office of the Opposition Leader Aims to collect disaster- related information at Grama Niladhari level

time to read

1 min

December 12, 2025

Daily FT

Assetline Finance's landmark Rs. 5 b listed debt issue oversubscribed

Subscription list closes on opening day as investors grab initial offer and option

time to read

1 min

December 12, 2025

Daily FT

Daily FT

US Fed delivers third rate cut of the year

THE US Federal Reserve lowered its benchmark federal funds rate by 25 basis points on Wednesday to a range of 3.5%-3.75%, marking the third cut this year.

time to read

1 min

December 12, 2025

Daily FT

Positive momentum in primary auctions continue

Secondary Bond market rates decrease Rupee depreciates

time to read

1 mins

December 12, 2025

Daily FT

ADB grants $ 200 m loan for water, food security in North Central Province

THE Asian Development Bank (ADB) yesterday said it has approved a $ 200 million loan to support the ongoing Mahaweli Development Program, Sri Lanka's largest multi-use water resources development initiative.

time to read

2 mins

December 12, 2025

Daily FT

Daily FT

Banking assets up 16% YoY to Rs. 24.5 t in 9M

THE banking industry expanded its balance sheet in the nine months to end-September 2025, with total assets increasing to Rs. 24.5 trillion and Profit After Tax (PAT) rising to Rs. 279 billion, according to Central Bank data.

time to read

1 min

December 12, 2025

Daily FT

Daily FT

Cabinet green lights procuring range of vehicles and equipment to boost primary health care system

THE Cabinet of Ministers on Wednesday approved the procurement of a wide range of vehicles and equipment to improve the country's primary health care system.

time to read

1 mins

December 12, 2025

Daily FT

Daily FT

Cabraal discharged on condition he compensates Central Bank in three months

Lawyer argues his client had no intention of causing financial loss to GoSL

time to read

2 mins

December 12, 2025

Daily FT

Daily FT

New 3% concessionary loan scheme to support 130,000 MSMEs from next year

IN a bid to revitalise micro, small, and medium enterprises (MSMEs) affected by recent disasters, the Government has decided to launch the RE-MSME PLUS and RE-MSME Disaster Relief loan schemes from 2026.

time to read

1 min

December 12, 2025

Listen

Translate

Share

-
+

Change font size