Sri Lanka High Commission in Ottawa
Time for SAARC to move towards result-oriented action plans - President Rajapaksa
Thursday, 27 November 2014 20:24
President Mahinda Rajapaksa emphasized the imperative need for SAARC to move towards implementing result-oriented, actionable plans, which impact directly on the lives of the people.
He said that having evolved in structure, form and content, through almost three decades, SAARC is at a crucial juncture and now there is a need to shift from the present traditional approach and move towards implementing result-oriented, actionable plans, which impact directly on the lives of our peoples.
Addressing the 18th SAARC summit in Kathmandu today (November 26), he urged South Asian leaders to morally in keeping with the SAARC spirit to join forces against external threats on Member States. “While SAARC practice has been to abstain from involvement in bilateral issues of a political nature, we must resist external manipulations,” he said.
Read more: Time for SAARC to move towards result-oriented action plans - President Rajapaksa
External Sector Performance – September 2014
Thursday, 27 November 2014 19:51
Press Release
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External Sector Performance – September 2014
Overview
External sector sustained its growth momentum with expanding external trade activities in September 2014. Since July 2014, the expenditure on imports continued to rise reflecting the rebound of investment goods imports in particular. As the cumulative earnings on exports outweighed the cumulative expenditure on imports, the trade deficit during the first nine months of 2014 narrowed, while tourist earnings and workers’ remittances continued to be stable sources of inflows improving the current account of the Balance of Payments (BOP). Inflows to the financial account in the form of project loans to the government and inflows to the banking sector continued to strengthen the BOP resulting in a healthy surplus in the overall BOP during the first nine months of 2014, despite some volatility in the government securities and equity markets.
Export PerformanceMinister Peiris voices concerns of GOSL over OHCHR Investigation
Tuesday, 18 November 2014 21:40
The Minister of External Affairs, Prof. G.L. Peiris met the Resident Coordinator of the United Nations, Mr. Subinay Nandy today and conveyed to him, the Government’s extreme discontent regarding the unprofessional manner in which the investigation on Sri Lanka is being conducted by the Office of the UN High Commissioner for Human Rights (OHCHR).
The Minister’s protest to the UN Resident Coordinator focused on the unacceptable way in which the deadline for submission of evidence to the investigation, 30 October, that had been originally set by the OHCHR had been changed unofficially and re-set once again.
Read more: Minister Peiris voices concerns of GOSL over OHCHR Investigation
Monetary Policy Review – November 2014
Tuesday, 18 November 2014 21:36
Reflecting the recent downward adjustments to domestic energy prices, headline inflation on a year-on-year (y-o-y) basis declined to its lowest level since November 2009 to record 1.6 per cent in October 2014, compared to 3.5 per cent in the previous month. Annual average headline inflation also declined to 3.8 per cent from 4.2 per cent. Core inflation (y-o-y) meanwhile, was at 3.6 per cent in October 2014 compared to 3.7 per cent in the previous month indicating well contained demand pressures on inflation. It is expected that subdued commodity prices in the international market, recent budget proposals such as reducing the Value Added Tax (VAT) to 11 per cent and stable inflation expectations would keep inflation at benign levels in the period ahead.
Invitation for Bids for the Disposal of "Gyrinops Walla" ("Walla Patta")
Thursday, 13 November 2014 23:11
‘Gyrinops Walla’, commonly known as ‘Wall Patta’ in Sinhala and Sri Lankan Agar Wood in English, is an endemic fragrance producing resinous plant grown in wet and intermediate zones in Sri Lanka. Resin extracted from ‘Gyrinops’ species has its unique fragrance and therefore, it is widely used as an,
Ingredient in traditional medicine, world class perfume, incenses, aroma therapy, cosmetic and preservatives of accessories. Moreover, agar wood is used as cultural and religious purposes across the Asia.
Due to the high economic value in perfumery and other industries excessive exploitation of
‘Gyrinops’ and Aquilaria species from natural habitats have been reported from many countries. Therefore, they are classified as endangered species in the international trade. Properties of Sri Lankan Agar Wood is unique, therefore high demand has been created from other countries. ‘Gyrinops Walla’ species possess pleasant fragrance which has lucrative in Middle Eastern market where it is used as a component to manufacturing of expensive perfumes, large scale smuggling of ‘Gyrinops Walla’ from Sri Lanka has been practiced for recent time.
Invitation for Bids for the Disposal of "Gyrinops Walla" ("Walla Patta")....
Sri Lanka ready to share its experience in comprehensive demining as a 'best practice' with other countries
Friday, 14 November 2014 21:50
Sri Lanka's Ambassador to the UN in Geneva Ravinatha Aryasinha has said Sri Lanka stands ready to share its experience in comprehensive demining as a 'best practice' with countries which are facing similar challenges. Noting that "Sri Lanka’s continuing progress in demining has been achieved by telescoping what according to some estimates was to take 15 – 20 years, into one of 5 – 7 years duration, he said this was not only a rewarding experience for our people as they now move about freely across the country, but also a positive lesson for other conflict affected countries, where nationally owned and nationally driven programmes could achieve their intended purposes, if the necessary political commitment, resolve and pragmatic vision is put in place".
“Meet in Sri Lanka” – MICE Tourism Promotion in Dubai
Friday, 14 November 2014 21:33
The Sri Lanka Convention Bureau and SriLankan Airlines in coordination with the Sri Lanka Consulate General in Dubai organized a Road Show “Meet in Sri Lanka” on Tuesday, 21st October 2014 at the Crown Plaza Hotel in Dubai to promote the country as a Meetings, Incentives, Conferences and Exhibitions (MICE) destination. More than 80 tour operators in UAE attended the promotion event.
Read more: “Meet in Sri Lanka” – MICE Tourism Promotion in Dubai
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