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NCE Highlights women to the fore in exports: Pioneering the next wave of economic growth in Sri Lanka

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Although gender equality and women empowerment are not novel concepts in the modern world, as there have been many changes occurring in the thinking patterns of the minds of people, achieving gender equality is an important part of the Sustainable Development Goals of Sri Lanka. Females play a significant role in the global economy, as they invest more on the socioeconomic life of their families more than males do.

Female participation to the economy is considered a vital factor for a middle income country like Sri Lanka to be at the forefront of the next wave of economic growth. Currently, female participation in the labor force is at 40% which is significantly lower than 75% of men’s contribution. It is a known fact that, female entrepreneurs will reinvest in their business, families and education, assisting a sustainable economic growth. Therefore, empowering women is the key to achieve more entrepreneurs in the country and thereby increasing the contribution to the country’s economy.

The National Chamber of Exporters of Sri Lanka established a special setting for women entrepreneurs “NCE Women’s Wing” who are already involved in exports to encourage and motivate them with a long term vision to achieve sustainable economic growth and the achievement of development goals through active participation of women in business. This special section is dedicated to women owned/women led businesses with the intention of contributing to the National Economy through empowerment of women entrepreneurs and exporters. The Chamber has taken this initiative to achieve the following objectives:-

To facilitate women exporters and entrepreneurs in Sri Lanka to enter international markets such as the EU.

To highlight women exporters as a career and encourage women to take on employment in export-oriented companies.

To diversify the export product base through women participation.

To find out opportunities available in foreign markets for women exporter or entrepreneur.

Contribute towards the government’s initiative to increase the women participation in business and legislative framework.

Achieve sustainable economic growth through women participation in business/exports

Contribute towards improving the socio-economic life of society.

In line with the stated objectives, NCE has already initiated connecting local banks with multi-national companies for export related projects such as loan schemes for small and medium enterprises owned by females, whilst seeking foreign funding for projects related to women empowerment in international trade. Also the Chamber has facilitated advice and knowledge sharing forums from top NCE members on their export related issues. We are also representing issues faced by women owned enterprises at various forums related to international trade.

In furtherance, in its business plans for the next year, the NCE is also planning to conduct training programs, seminars and webinars and also identify regional talents of women entrepreneurs for entry into international trade through links with regional chambers. Moreover, we will also create networking opportunities with other women led enterprises both local and international.

In highlighting and recognizing the performance of Sri Lankan women led businesses in the international markets, the NCE confers a special award for “Best Woman Exporter of the Year at the Annual Export Awards, the flagship event of the Chamber. We are proud to mention that the following women entrepreneurs have been able to win this prestigious award during past years.

The Chamber believing in the importance of empowering women to be involved in International Trade has formulated the concept of a Women’s Wing in the chamber dedicated to support women owned and women led enterprises. The Women’s Wing will provide specialized services with the firm belief that this initiative will enable more female entrepreneurs to choose exports as a career and in the long run will contribute as chamber towards the sustainable economic development of the country whilst promoting gender balance in local and international trade.

The National Chamber of Exporter of Sri Lanka is the leading chamber exclusively responsible for serving the export sector with variety of services. The Membership of the Chamber represents leading exporters across all product and service sectors in Sri Lanka, ranging from Large to Small export-oriented enterprises.



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‘Transformative roadmap for SL’s energy sector’’

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Towards a future of energy sustainability; dignitaries at the roadmap launch.

By Ifham Nizam

In a landmark move towards a sustainable energy future, Sri Lanka launched the Green Energy Acceleration Plan 2025-2030 at the Cinnamon Life Hotel in Colombo. The five-year initiative, spearheaded by the Ministry of Energy, aims to transform the nation into a renewable energy powerhouse through strategic investments in solar, wind and hydropower.

The event, held under the patronage of Prime Minister Dr. Harini Amarasuriya, brought together key stakeholders, including Energy Minister Kumara Jayakody, Deputy Ministers Eranga Weeraratne and Janith Ruwan Kodithuwakku, Secretary to the Ministry of Energy Professor Udayanga Hemapala and CEB chairman Dr. Tilak Siyabalapitiya.

Addressing the gathering, Prime Minister Dr. Amarasuriya emphasized that the initiative is not merely a policy document but a transformative roadmap for Sri Lanka’s energy sector.

“We are not just here to launch this project; we are here to transform our country into an energy powerhouse for the future. The Green Energy Acceleration Plan will expand renewable energy production and provide affordable electricity to all Sri Lankans, she stated.

The plan prioritizes reducing electricity demand, lowering costs and modernizing the energy sector through digital innovations and advanced energy storage technologies. A key aspect of the initiative is reforming energy regulations to promote efficiency and sustainability.

The government has outlined three critical focus areas for the energy sector overhaul:

Affordable & Reliable Renewable Energy – Expanding solar, wind and hydropower while minimizing carbon emissions.

Public Awareness & Digital Transformation – Educating citizens on the importance of renewable energy and modern technologies.

Advanced Energy Conversion Methods – Modernizing the sector with innovative energy solutions aligned with global advancement.

The Prime Minister stressed the importance of local and international partnerships to successfully implement the plan. She urged all stakeholders—including policymakers, investors and industry experts—to collaborate in achieving energy security and economic resilience.

With the Green Energy Acceleration Plan 2025-2030, Sri Lanka takes a decisive step towards energy independence, reducing reliance on fossil fuels and positioning itself as a regional leader in clean energy innovation.

This ambitious initiative marks a turning point in Sri Lanka’s energy landscape, setting the stage for a greener, more sustainable future for all.

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Stock Markets sink as Trump confirms tariffs on Canada, Mexico and China

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[pic BBC]

President Donald Trump is moving forward with 25% tariffs on goods imported from Canada and Mexico into the US, saying that time had run out to reach a deal.

US stock markets sank in response to the measures, which have been threatened since earlier this year and are due to go into effect on Tuesday.

An additional 10% tariff on Chinese imports is also expected to come into force, leaving all three of America’s top three trade partners facing significantly higher trade barriers than just a few weeks ago.

“No room left for Mexico or for Canada,” Trump said at the White House on Monday. “The tariffs, you know, they’re all set. They go into effect tomorrow.”

Trump threatened to impose the tariffs – which is a tax that is added to a product when it enters a country – on Canada, Mexico and China in response to what he says is the unacceptable flow of illegal drugs and undocumented migrants into the US.

He had already imposed a 10% tariff on Chinese exports to the US last month, meaning goods from the country now face a levy of at least 20%.

All three countries have said they will retaliate against the US in response to the tariffs, raising the prospect of a widening trade war.

Canada’s Foreign Minister Melanie Joly said the tariffs are “an existential threat to us” with “thousands of jobs in Canada at stake”.

She said Canadian officials have had “constructive conversations” with the Trump administration to try to avert the 25% levies but warned “we are ready with counter tariffs”.

Trump has long maintained that tariffs are a useful tool to correct trade imbalances and protect US manufacturing.

He has largely dismissed concerns that the measures risk economic damage in the US, despite the close ties, especially in North America, where businesses have enjoyed decades of free trade.

“What they’ll have to do is build their car plants, frankly, and other things, in the United States, in which case they have no tariffs,” he added.

The three major indexes in the US sank after Trump’s comments. The Dow Jones Industrial Average ended the day down 1.4%, the S&P 500 sank 1.75% and the Nasdaq fell 2.6%.

Officials from Canada and Mexico had been in Washington in recent days, trying to avoid the tariffs.

Mexico’s president, Claudia Sheinbaum, appeared to send a message to Trump earlier on Monday when she said at a public event in the city of Colima that “Mexico has to be respected”.  “Co-operation and co-ordination, yes, subordination, never.”

Canadian Prime Minister Justin Trudeau said on Sunday, from a summit on Ukraine in London, that Canada was “not an issue” as a source of illegal fentanyl in the US.

Only 1% of fentanyl seized in the US is thought to come from Canada, according to US data.

The Canada Border Services Agency (CBSA) says it has been “surging” its efforts to tackle fentanyl crossing into the US.

Canada has repeatedly said tariffs will harm both economies but added that it will defend itself if they happen.

Last month, it prepared a list of $30bn (£23.6bn) worth of American goods it said it would levy in response to US tariffs. Items on that list included everyday goods like pasta, clothing and perfume.

Canadian Internal Trade Minister Anita Anand met officials in Washington in recent days and said over the weekend there will be a response.

“We are steady at the wheel. We are prepared for any eventuality, but we will at every turn defend our country’s economy,” she told CBC News.

China’s state-run Global Times newspaper said that Beijing had prepared countermeasures, which would probably target US agricultural and food products.

President Trump has also announced a 25% charge on all steel and aluminium imports, which is meant to come into effect on 12 March.

In addition, he has threatened to impose custom “reciprocal” tariffs on individual countries, as well as 25% tariffs on the European Union.

[BBC]

 

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CEO of WHITE Milano, Brenda Bellei Bizzi, in Colombo for Italian Design Day

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Damiano Francovigh, Italian Ambassador to Sri Lanka (L) / CEO of WHITE Milano Brenda Bellei Bizzi (R)

The Italian embassy in Colombo celebrated Italian Design Day and The Days of Italian Fashion in the World by hosting Brenda Bellei Bizzi, the CEO of WHITE Milano, a renowned fashion tradeshow held during Milan Fashion Week. She collaborated with Colombo Fashion Week Summer 2025 in its 22nd edition presenting Sicilian designer Cettina Bucca’s Spring/Summer 2025 collection at CFW. Brenda Bellei Bizzi was appointed Ambassador for Italian Design in Sri Lanka in the 2025 edition of Italian Design Day.

Focusing on contemporary women’s wear design, WHITE became a significant platform for promoting emerging designers and sustainable fashion practices at CFW this year. Brenda’s discussions integrate well with the ethos of circularity in fashion, creating a fashion ecosystem that provides support for designers to enter the global fashion industry. Additionally, her discussions with fashion and design students at the College of Fashion & Design and fashion designers about opportunities at WHITE added momentum to their journey into the world of fashion on the global ramp.

Delighted to bring the unparalleled expertise of Brenda Bellei Bizzi to Sri Lanka, Ambassador for Italy in Sri Lanka Damiano Francovigh said, “Fashion and Italy are inextricably linked and having Brenda Bellei Bizzi with us to celebrate Italian Design Day and the launch of The Days of Italian Fashion in the World in Sri Lanka augments that premise. As the ambassador for Sri Lanka in the 2025 edition of the Italian Design Day, Brenda Bellei Bizzi’s collaboration with Colombo Fashion Week allowed us to showcase Italian fashion in this beautiful country.”

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