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“BOC’s role towards expanding export business in Sri Lanka is commendable”
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.
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?
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.
SME Development is another one of our key focus areas. In collaboration with the International Finance Corporation (IFC) and the European Union (EU), the Board initiated the Sri Lanka Export Excellence Initiative (SLEEI) in 2025, which supports Sri Lankan SMEs from across the country to establish a sustainable export presence in international markets. The programme focuses on key export sectors, such as processed food and beverages, coconut-based products, spices and concentrates, herbal cosmetics, ICT/BPO services, handicrafts and lifestyle products.
The Bank of Ceylon (BOC) and The EDB recently entered into a partnership aimed at supporting exporters. How does this collaboration enhance the support available to Sri Lankan exporters, particularly SMEs and first-time exporters?
In 2023, the Bank of Ceylon signed a MoU with the EDB, marking a strategic partnership to foster export-related indigenous SMEs. The strategic partnership is focused on empowering SMEs through a series of programmes to upscale their financial literacy and business intelligence, enabling them to meet the demands of international trade markets and, eventually, to elevate the country’s export sector. The BOC’s extensive geographical and digital reach to approach the SMEs nationwide is highly beneficial to achieve the intended objectives of the programme.
The BOC Youth Entrepreneurship Loan Programme has received attention for encouraging young individuals to step into business. From the EDB’s perspective, how do you view the programme’s potential in nurturing the next generation of exporters?
The BOC in a highly praiseworthy move had initiated the Youth Loan Scheme to fuel the dreams of young innovators and business leaders. Lack of access to finance is one of the biggest obstacles faced by the budding entrepreneurs in the country and the loan scheme of the BOC addresses this fundamental problem.
As loans are provided to individuals who are under the age of 30, it serves as a catalyst in propelling the spirit of entrepreneurship among the youth. It also helps to nurture the next generation of exporters in the country by providing the required seed capital to establish export-oriented businesses. The current generation of exporters in the country is aging and we need to develop a new generation of exporters to drive the growth of exports in Sri Lanka.
A younger brigade of exporters would be better positioned to lead the much required transformation in the island’s export landscape with a considerable focus on sectors driven by innovation and technology. Today’s youth are quite smart and they are highly adept at embracing new technologies unlike the older generations. I hope the BOC could increase the size of financial assistance through the loan scheme which would greatly contribute towards giving birth to a new generation of youthful exporters, which is a pressing national economic priority.
The BOC Export Circle aims to support and empower existing and aspiring exporters through targeted banking and advisory services. In what ways do you think initiatives like these complement the EDB’s broader national export development strategy?
I have been informed that BOC Export Circle serves as a fully-fledged unit which offers export facilities with end-to-end financial and non-financial services for start-ups and SME export businesses throughout the supply chain. Pre-shipment and post-shipment finance solutions satisfy the critical working capital needs of exporters. Further non-advisory services like providing due diligence on overseas buyers via credit reports obtained from international credit rating agencies offer valuable assistance towards exporters in terms of managing credit risks.
The EDB is mainly focused on developing markets for Sri Lankan exporters as well as capacity development. Catering to the financial needs of exporters is the responsibility of the commercial banks in the country. The availability of both long-term and short-term financial facilities allow exporters to take their businesses to greater heights, which is what the EDB’s broader national export development strategy envisages. Actually, the development of exports should not be confined to the EDB alone, rather it is a nationwide obligation. We need a strong ecosystem to develop and promote Sri Lanka’s exports and, as the EDB Chairman, I am quite happy to observe that the BOC has emerged as a premier provider of financial solutions to the nation’s exporter community.
Looking at 2025, what are the EDB’s export growth targets or milestones, and how aligned are they with Sri Lanka’s overall economic recovery and national development goals?
Our target in terms of the total export income for 2025 is $ 18.2 billion (Goods – $ 14.1 billion and Services $ 4.1 billion). We see strong potential for growth in gem and jewellery, fisheries, and construction. The Board is working with other agencies to clear regulatory barriers that hinder the progress of those sectors. As our economy is currently experiencing a strong recovery, the growth in both merchandise and service exports would tremendously help to maintain economic stability, particularly in the external sector. Our 2025 export target is aligned with the government’s ambition of earning a total export income of $ 36.5 billion in 2030.
As a national body, the EDB has long played a role in building capacity and market access for exporters. Could you elaborate on the recent initiatives introduced by the Board to support exporters in adapting to the changing dynamics in global trade?
The current international trade regime evolves at a rapid pace, hence, it is imperative that exporters remain abreast of the ever changing international business environment characterised by frequent disruptions in terms of technological innovations and changes in laws and regulations.
In this day and age, digital technology plays a highly critical role in the way we live. The EDB is currently undertaking a series of awareness sessions to educate export-oriented businesses social media marketing, content creation, e-commerce and AI-driven digital marketing tools. We also continuously brief exporters in respect of changes in market-entry requirements of key export destinations of Sri Lanka such as the EU, the UK, and the US through seminars, webinars and training programmes.
These initiatives are often carried out in collaboration with institutions, such as Bank of Ceylon, which play a key role in providing exporters with financial literacy, trade financing options, and access to export credit facilities.
Finally, what message would you like to share with Sri Lankan youth, particularly those who are looking to pursue careers in entrepreneurship or consider entering export markets?
The modern day youth are smart thinkers and they are quite capable of identifying market opportunities. Unlike, in the past, universities and higher educational institutes offer numerous courses and study programmes that sharpen the skills of entrepreneurship. I view those developments positively.
My message to the youth, who wish to become entrepreneurs, is whether they do business locally or internationally, the key to successful entrepreneurship is the ability to understand the requirements of the market correctly. Becoming market-oriented and adapting to the requirements of the market are essential in terms of succeeding in entrepreneurship.We also encourage young entrepreneurs to leverage the services of institutions, like Bank of Ceylon, which offers financial tools, advisory services, and export financing that are critical for scaling up businesses and entering global markets.
In conversation with Mangala Wijesinghe, EDB Chairman
News
The Government is taking steps to regulate early childhood education to ensure quality education while enhancing the professionalism of preschool teachers. — PM
Prime Minister Dr. Harini Amarasuriya stated that the Government is taking steps to maintain early childhood education within an appropriate regulatory framework, while ensuring quality education by enhancing the professionalism of preschool teachers.
The Prime Minister made these remarks while participating in the awareness programme for preschool teachers of the Puttalam District on the National Early Childhood Education Curriculum Framework, held under the theme “A Safe World for Children, A Creative Future Generation” on Friday [16th of January] at the Sudasuna Hall in Chilaw.
The Prime Minister stated,
“The main objective of our government in 2024 was to bring about a transformative change in this country. We bear a major responsibility in achieving that transformation. When we assumed office, one of our primary responsibilities was to build a stable and resilient economy. However, I believe that with equal responsibility and commitment, our government has prioritized creating a transformative change in the education system of the country. We assumed office with that objective in mind. The discussions within our party and political movement on the necessary changes in education did not begin recently. They are the result of a long-standing process.
This transformation cannot be achieved overnight or within a single year. It is a step-by-step process. When implementing this decisive and qualitative change within the education system, it is essential to consider the system as a whole. We made this intervention by examining every stage of a child’s educational journey. Therefore, we have recognized early childhood education, from age one to age five, as an integral part of education and development.
Thereby, Early childhood development is viewed as the very first step of our education structure. At present, early childhood education exists in an unregulated manner. Our aim is to develop this early childhood education in an organized and systematic way, while enhancing the professionalism of teachers and ensuring quality education within an appropriate regulatory framework.
Accordingly, the Ministry of Women and Child Affairs and the Ministry of Education have jointly appointed a committee and initiated discussions to formulate a policy and curriculum framework for early childhood education. During the past year, we developed the preschool curriculum framework. We are working towards implementing a unified curriculum across all preschools in a structured manner. It is essential to integrate early childhood development with primary, secondary, and university education. Early childhood development is one of the most critical stages of an individual’s life. The responsibility of socializing the child, introducing them to society in a structured manner, and nurturing a disciplined, empathetic individual lies with you. This is not something that can be achieved at the primary level or beyond.
There is a common criticism that children are not taught letters and numbers at preschool. However, early childhood development is not about formal schooling. It is about helping children to develop their social skills.
It is also an objective of our government to ensure that both preschools and schools become places where parents can confidently leave their children, knowing they are safe.
We are aware of the issues relating to your allowances and pensions. Discussions have been held in this regard between the Ministry of Education and the Ministry of Women and Child Affairs. Granting due recognition to preschool certificates during school admissions is also very important, and the government’s attention has been drawn to all these matters”.
The event was attended by Minister of Public Administration, Provincial Councils and Local Government prof. Chandan Abayarathna; Members of Parliament Gayan Janaka, Hiruni Wijesinghe, and Mohamed Faisal; officials of the North Western Province Early Childhood Education Development Authority; and a large number of preschool teachers from the Puttalam District.


[Prime Minister’s Media Division]
News
Police step up crackdown on organised crime after securing 95 Interpol Red Notices
Police have stepped up their crackdown on organised crime, after securing Interpol Red Notices for 95 suspects believed to be hiding overseas.
Police Spokesman SSP F. U. Wootler told a media briefing yesterday that the move marked a major escalation in efforts to track down and extradite high-profile figures linked to organised crime syndicates and online fraud networks.
He said the strategy was already producing results. In 2024, Sri Lanka secured the return of 10 suspects through Interpol channels, while a further 11 were extradited in 2025 to face legal proceedings.
In addition to Red Notices, authorities have relied on formal legal mechanisms to overcome jurisdictional barriers. “During the 2024–2025 period, 21 suspects were extradited under the Extradition Act,” SSP Wootler said.
The briefing coincided with three more fugitives being escorted back to Sri Lanka yesterday following the issuance of Interpol Red Notices.
SSP Wootler said many of the fugitives had continued to coordinate criminal activities here from abroad, including sophisticated online scams, underscoring the importance of international cooperation.
Two male suspects, for whom Red Notices had been issued and who were overseas, and a female suspect wanted in connection with defrauding state funds, were flown back.
Following their arrival yesterday morning at Katunayake Airport, they were taken into custody by a team of officers from the CID.
The arrested suspects are residents of Kandana and Uragasmanhandiya, aged 30 and 52, respectively. The female suspect is a 56-year-old resident of Mount Lavinia.
The suspect residing in Kandana is an individual wanted in connection with an attempted murder. It has been revealed that while overseas, he is connected to a range of crimes, including orchestrating a shooting incident that resulted in a homicide in the Kandana area on 2025.07.03. This suspect has been handed over to the Officer-in-Charge of the Kelaniya Division for further investigations.
The one hailing from Uragasmanhandiya is a suspect wanted in connection with carrying out homicides using sharp weapons and being involved in a series of organised crimes in the Uragasmanhandiya area. This suspect has been handed over to the Officer-in-Charge of the Elpitiya Division for further investigations.
The female suspect, residing in Mount Lavinia, who is reported to have worked at an Embassy in 2014, is an accused in a case where the Criminal Investigations Department is investigating the defrauding of state funds. She has been sentenced to imprisonment, fines, and also ordered to compensate victims by the Colombo High Court.
“These operations were carried out with the strong support of the Government of the United Arab Emirates, including Abu Dhabi International Police, Dubai Police, as well as Sri Lankan diplomatic missions,” he said.
Interpol Red Notices function as international alerts requesting law enforcement agencies worldwide to locate and provisionally arrest individuals pending extradition.
Wootler said efforts would continue to identify and pursue suspects operating from foreign jurisdictions, particularly those involved in organised and cyber-related crimes posing threats to national security.
By Norman Palihawadane and Hemantha Randunu
News
Julie’s exit gladdens Udaya’s heart
Leader of the Pivithuru Hela Urumaya (PHU), Udaya Gammanpila, yesterday launched a scathing attack on outgoing United States Ambassador to Sri Lanka Julie Chung, accusing her of interfering in Sri Lanka’s internal affairs and exerting undue influence over recent political developments.
Addressing a press conference in Colombo, Gammanpila said Chung’s departure, after a four-year tenure, marked a “day of national relief,” claiming her presence had been harmful to the country.
He said patriots marked the occasion by sharing kiribath (milk rice), which he described as a symbolic celebration.
Gammanpila alleged that Ambassador Chung had remained in Sri Lanka longer than the customary three-year diplomatic term because of, what he described as, her success in bringing the country under American influence. Drawing comparisons with past foreign diplomats, he claimed that Chung was the most influential envoy since Indian High Commissioner J.N. Dixit in the 1980s. He alleged that successive Sri Lankan governments had failed to challenge what he described as interference by the envoy.
The PHU leader accused Chung of playing a behind-the-scenes role in the 2022 protest movement, commonly known as the Aragalaya, claiming it was orchestrated to destabilise the country. He alleged that young protesters were unknowingly “acting out a foreign script” under the guise of patriotism.
Gammanpila also alleged that Chung played a key role in elevating the National People’s Power (NPP), which he referred to as the “Malimawa” movement, into a governing force in 2024. He claimed the movement had been transformed from its earlier ideological roots into, what he described as, a pro-Western political project, asserting that President Anura Kumara Dissanayake had come to power with foreign backing. He cited a photograph shared on Chung’s social media account of her visit to the NPP headquarters as evidence of what he termed political proximity.
According to Gammanpila, Ambassador Chung’s public criticism of governance issues sharply declined following the change of government. He alleged that while she had frequently commented on incidents under previous administrations, she had remained silent on alleged corruption and governance failures over the past 14 months.
Turning to the future, Gammanpila urged caution regarding the incoming US Ambassador, Eric Meyer, stating that any engagement on religious or cultural matters should be viewed carefully. He called on President Dissanayake to pursue an independent foreign policy, free of external influence.
Gammanpila also criticised the government over, what he described as, repeated “policy blunders,” particularly in relation to issues affecting children and social values. He cited several instances, including proposals to promote Sri Lanka as a destination for same-sex couples, educational material controversies, and a recent People’s Bank advertisement that he claimed subtly promoted same-sex symbolism. While stating that he held no animosity towards the LGBTQ community, Gammanpila said he opposed, what he described as, attempts to influence children through state institutions.
In addition, the PHU leader condemned legal action taken by the Coast Conservation Department against nine individuals, including four Buddhist monks, for installing a Buddha statue within a coastal conservation zone in Trincomalee. He described the arrests as discriminatory, alleging that similar structures belonging to other religions and commercial entities had been overlooked.
Calling the current administration “anti-Buddhist,” Gammanpila urged authorities to apply the law equally and not just in words, and “not to turn legal frameworks into instruments against Buddhism.” He also accused members of the government of ingratitude, alleging that many had once sought refuge in temples during periods of political violence.
By Anuradha Hiripitiyage
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