Business
Common man doesn’t want to see country jumping from the frying pan into the fire, says EDB chief
By Sanath Nanayakkare
The common man doesn’t want to see the country jumping from the frying pan into the fire, so whatever we do, it needs wider consensus among the public, normalized behavior and intelligent thinking, Suresh Dayanath de Mel, chairman and Chief Executive, Sri Lanka Export Development Board said during an exclusive interview with The Island Financial Review yesterday.
Excerpts from the interview with the EDB chief:
“Despite the ongoing crisis, Sri Lankan exporters have been very resilient. The export market is very good. The orders are steady. However, we are concerned that the persistent negative publicity about Sri Lanka in the foreign media could tarnish our international image. Our buyers overseas are getting anxious whether Sri Lankan exporters will be able to deliver their orders with the same firmness as they did before. This is a great concern for the EDB and all businesses that bring in foreign exchange to the country.
“We have been able to sort out the fuel shortage faced by the exporters because they pay in US dollars. The Ceylon Petroleum Corporation (CPC) and Lanka IOC both deliver fuel to exporters. The challenge here is, these institutions issue fuel to us in browser loads. So it’s difficult for small and medium enterprises (SMEs) to store fuel due to lack of storage facilities. They are getting fuel in the normal way by waiting in queues with other vehicles at filling stations across the country. So, a number of SMEs are going to be affected by this situation because they don’t have storage facilities, therefore, we are encouraging SMEs to come together, buy a bowser load of fuel and then share it among them. That’s happening now. Up to now, many exporters have managed the fuel crisis well. But honestly, some of them are struggling to find fuel for their operations. Last week was a bit of a mess. The logistics sector also experienced the shortage of fuel which was also sorted out. With all that said, the good news is; Sri Lanka’s export trade remains resilient with US$ 6 billion of export earnings in the first-half of the year.”
When asked about the current social unrest, he said,” Anything we do, shouldn’t be radical in a negative way. Most importantly, a peaceful transition of administration needs to happen in a non-violent manner and it needs to happen as quickly as possible because exporters need a government which has the capacity to solve the economic crisis. Shortage of fuel, LP gas, food, medicine etc. occurred with the depletion of our foreign exchange reserves. So we have to restore political stability to address the economic crisis. Exporters earn foreign exchange for the country and the right conditions need to be created soon to facilitate their operations.”
When asked about the IMF programme, he said, “An extended fund facility programme from the IMF will be favourable for Sri Lanka to regain confidence of the international financial markets and that will be a boon to the export sector as well. There are some citizens who think that we can do without the IMF. I think we should be able convince them that we need assistance from the IMF, increased export earnings and other fiscal consolidation moves, to put the economy back on track and shift it to a growth path subsequently. The thing is, if the country continues to project a negative outlook in the foreign media, our buyers will lose confidence in our ability to deliver in time and it could have repercussions on our export trade.”
He went on to mention that there have been some export order cancellations.
“However, in most cases, our overseas buyers have been watching the situation in Sri Lanka with patience. They follow each and every news alert on Sri Lanka hoping that we will get over the crisis as a collective nation and get back to normalcy rather quickly. So we need to project the image and perception to the world that we are stabilizing. If the current situation persists, they may run out of patience and decide that they can no longer depend on Sri Lanka as a reliable supplier and exporter. We all know that Sri Lanka has successfully emerged from its previous crises such as its protracted war in the North, tsunami, Easter Sunday attack and Covid-19 pandemic, during which our exporters showed great resilience and their ability to deliver the goods. We need to keep in mind that our exporters are operating in a highly competitive global business environment today. Buyers have access to alternative exporters in other countries. This is true for all sectors in the export trade. For example, the apparel sector is receiving new orders around this time of the year and we shouldn’t let that business go elsewhere. That’s a concern for us. Not only apparel, all other sectors in the export trade may face a similar situation. Another example is; agri products portfolio in our export basket is growing and we have to ensure that it accelerates its expansion momentum”.
Responding to a question on political stability, the EDB chief said, “Whatever we do, we need consensus from the wider public. Protestors also now have to normalize and be seen as intelligent. If they become violent, then people won’t tolerate that because at the end of the day the common man is watching. They want to see that the country doesn’t jump from the frying pan into the fire.”
Business
David Pieris Automobiles opens Sri Lanka’s first GWM Flagship Experience Centre
David Pieris Automobiles (Private) Limited (DPA), the four-wheeler sales arm of the David Pieris Group, announced the opening of its state-of-the-art GWM Flagship Experience Centre at 250, Access Tower 03, Union Place, Colombo 02, marking a significant milestone in the evolution of Sri Lanka’s automotive retail landscape.
The newly opened flagship facility is designed to deliver a truly world-class automotive experience, showcasing the latest innovations and technologies from GWM, one of the world’s leading automobile manufacturers. As the first and only vehicle experience centre of its kind in Sri Lanka, it offers customers an immersive journey that goes beyond the traditional showroom concept. Visitors can explore GWM’s premium range of SUVs and electric vehicles, including the HAVAL H6 HEV, HAVAL H6 PHEV, HAVAL H6 GT PHEV, TANK 300 HEV and TANK 500 HEV, while enjoying dedicated vehicle demonstration zones, test-drive opportunities, and a host of innovative customer engagement experiences designed to redefine the vehicle purchasing journey. GWM’s product portfolio in Sri Lanka will be further expanded in the coming months with the introduction of several new models, including a range of fully electric vehicles.
With a legacy spanning over four decades, the David Pieris Group has earned a reputation as one of Sri Lanka’s most trusted automotive organisations, particularly for its comprehensive after-sales support and customer service excellence. Strengthening its commitment to GWM customers, DPA has already established a dedicated, state-of-the-art GWM service centre at No. 75, Hyde Park Corner, Colombo 02, supported by an expanding network of authorised service dealers across the island to ensure convenient and reliable customer care.
Commenting on the opening, Mahesh Gunathilake, Director, David Pieris Automobiles, stated: “The opening of the GWM Flagship Experience Centre represents a significant milestone in our journey with the GWM brand in Sri Lanka. This is the country’s first dedicated state-of-the-art experience centre for GWM vehicles, offering customers the opportunity to experience world-class automotive technology, premium comfort and advanced safety features. GWM has successfully redefined modern mobility by delivering high-end luxury and innovation at an affordable price point, and we are proud to bring this exceptional experience to Sri Lankan motorists.”
The opening of the flagship facility further reinforces David Pieris Automobiles’ commitment to expanding GWM’s presence in Sri Lanka while providing customers with an unmatched ownership experience backed by the Group’s renowned sales and after-sales expertise.(DPA)
Business
Sri Lanka’s culinary strengths engagingly explored
Issue no.1 of a ground-breaking journal on Sri Lankan food and culture has just been launched and it’s such an engaging ‘read’ that it just cannot be put down by the reader until s/he reaches the last word in the publication. Titled ‘ROOTED’ it is a publication of Rooted Publications Pvt. Ltd. Colombo (www.rootedsrilanka.com).
This is no run-of-the-mill journal on local ‘culinary delights’. It is a profoundly empathetic, sensitive exploration of the uniqueness of Sri Lankan food and the cultures of the country. In other words, it’s a close, appreciative examination of what makes the native food of Sri Lanka and its cultures special and hard to replicate and replace.
Writers of the arrestingly illustrated articles in ‘ROOTED’ have apparently spared no pains to travel the length and breadth of Sri Lanka to unravel, with mesmeric pleasure, the food and drink offers at the heart of Sri Lankan cuisine. The food connoisseur has all his curiosities satisfied in the journal and cannot prevent his taste buds from being stimulated on reading the contents of the journal.
Regardless of geographical or physical location what Sri Lanka has to offer its own people or the visitor to the country by way of particularly indigenous dishes and meal spreads are made to come alive in these pages. The connoisseurs and food experts are taken on an entrancing journey into homes transformed into family restaurants, aromatic eateries and bustling market places with sizzling catch along the sea coast of the island to its interior in this appetizing survey of Sri Lankan food.
What is distinct in terms of food and drink to the different ethnicities and cultures of the land are rendered in larger-than-life eye-catching portrayals via the pen and the lens. Consequently the journal not only celebrates food but also its distinctive cultural roots and identities. That is, people are serenaded alongside food.
In the process, the ‘ambul thials’, the ‘ala thel and brinjal badums’, the ‘thilapia curries’, the multifarious, ‘mouth-burning sambols’ and heady ‘Arrack shots’ experimentally mixed, to name just a few such offers of food and drink with a uniquely Sri Lankan stamp on them, are made to come alive in ‘ROOTED’.
The magazine has been put together by an editorial team headed by editors Chadini Fernando, Vidya Balachander and they need to be commended on a job well done.
By Lynn Ockersz
Business
MO Marketplace App: A space for women to sell in Sri Lanka
In Sri Lanka, selling something has always carried an unspoken risk for women. Share your number with a stranger. Arrange a meeting. Handle cash. Hope for the best.
MO Marketplace, live since June 2024, has removed every one of those friction points. Buyers and sellers on the platform never need to exchange personal contact details. Payments are held in escrow until delivery is confirmed. Pickup and drop-off is managed entirely by MO. Two people can complete a transaction from start to finish without ever speaking directly to each other.
For women running home-based businesses or women simply have too many clothes and things, that architecture is not a convenience. It is a fundamental shift in what is possible.
The evidence is in the listings. Clothing, fashion, and home goods dominate the platform, categories overwhelmingly driven by female sellers and buyers. From home-based clothing traders to small lifestyle businesses operating out of living rooms across Colombo, women are using MO to participate in commerce on their own terms, without compromising safety or privacy.
The platform has recorded 45,000 downloads and 14,000 registered users in 18 months, with peak monthly active users of 15,000. Commissions are capped at a flat 10%, significantly below the 15% to 30% charged by dominant platforms, making it accessible for small and micro sellers.
Coming mid-2026, AI tools will automatically generate listing descriptions and enhance product images, removing two of the most common barriers to getting started as a seller. Video selling is also on its way.
Sri Lanka has no shortage of entrepreneurial women. Until now it lacked a platform designed around how they actually need to trade.
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