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CCC launches online marketplace to promote export amid growing demand

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The Ceylon Chamber of Commerce in a bid to support companies to promote exports from Sri Lanka, entered into a partnership agreement to integrate an “Online Market Place”, developed by Epic Lanka Technologies (Pvt) Ltd. The platform will be integrated to Chamber’s e-commerce portal https://bizinfosrilanka.lk

During the signing ceremony, Manjula de Silva, Chief Executive Officer of the Ceylon Chamber of Commerce, emphasized that with the introduction of this initiative, priority will be given to promote organizations manufacturing sustainable products that would in return provide environmental, social and economic benefits.

“As our global economy grows, it is critical that local businesses can compete in this marketplace. The Ceylon Chamber of Commerce is looking forward to bring solutions forward that expand opportunities for businesses to participate in the global economy,” said Manjula De Silva, CCC/CEO.

“By choosing Doxpro Shopex online marketplace model, the Ceylon Chamber of Commerce is truly distinguishing itself and Epic Lanka Technologies is honoured to be working alongside them on this journey,” said Thareendra Kalpage, CEO, Epic Lanka Technologies. “By fully utilizing the capabilities of the Doxpro Shopex Marketplace Platform, CCC is set up for marketplace success.” According to figures collected by the International Trade Centre (ITC) – Geneva from EU countries such as France, Germany, Italy, Netherlands and Spain, it was found that sustainable product sourcing has become a top priority for retailers in these key European Union markets. The emphasis on environmentally-friendly products, fair and ethical trade, and decent jobs in supplier companies have strong consumer support and it is expected that such businesses will increase significantly in the next five years.

In addition, Small and Medium Enterprises (SMEs) and women entrepreneurs in Sri Lanka will also be encouraged to register with the Online Market Place to promote their products to Exporters as partners of the value chain. The Ceylon Chamber of Commerce recently established a Centre for SMEs in a bid to play a more active role in building this dynamic sector of the economy.

Local exporters will be able to source products required through the proposed online system and the Chamber will work closely with the Regional Chambers of Commerce and Product Trade Associations to attract suppliers from various parts of the country. The platform is expected to be launched in October 2020.

Product details uploaded to the Online Market Place will be promoted via social media in addition to the Sri Lankan Diplomatic Missions based overseas, Foreign Diplomatic Missions in Sri Lanka and across 130 Overseas Trade Promotion Organisations.



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Chinese contractor obtaining Port City sand for Colombo harbour projects unlawfully: FSP

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Front-line Socialist Party (FSP) spokesperson Pubudu Jagoda yesterday (25) alleged that the Wickremesinghe-Rajapaksa government had allowed China Harbour Engineering Company (CHEC) to obtain sand unlawfully from the Port City project for the construction of the East and Jaya Container in the Colombo Port.

Addressing the media at the FSP office in Colombo, Jagoda claimed that though in terms of the agreement the sand was to be brought from the Muthurajawela area, the contractors for both projects, CHEC, obtained sand from the Port City project.

Jagoda said that on a monthly basis approximately 4,000 cubes of sand, worth Rs 80 mn, were transported illegally with the government looking the other way.

The breakaway JVP faction said that the government owed an explanation regarding the suitability of sea sand for such large-scale construction and whether the Chinese met the required standards as regards concrete work.

Jagoda also asked whether taxes were paid for the massive loads of sea sand procured by the Chinese. The former JVPer alleged the way CHEC conducted its operations here indicated that it didn’t respect Sri Lanka’s law. (SF)

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CBSL denies 70% pay hike

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… seeks opportunity to tell Parliament its side of story

 No salary increases for Central Bank workers until 2027

Trade unions, etc., agreed to pay hikes

by Shamindra Ferdinando

The Governing Board of the Central Bank of Sri Lanka (CBSL), embroiled in an ongoing controversy over recent salary hikes granted to its employees, has sought an opportunity to explain to Parliament what a senior official called the rationale behind the pay hike.

Authoritative CBSL sources told The Island that the request had been made through the Finance Ministry to Parliament seeking an early meeting with the relevant committees.

The Governing Board consists of Dr. P Nandalal Weerasinghe (Chairman), A N Fonseka, Dr. Ravi Ratnayake, Anushka S Wijesinha, Vish Govindasamy, Rajeev Amarasuriya and Manil Jayesinghe.

Responding to queries, sources denied accusations that the CBSL employees had been granted over 70 percent salary increase with effect from January this year. When The Island pointed out that several lawmakers had openly accused the CBSL of doing so and State Finance Minister Ranjith Siyambalapitiya declaring that the government couldn’t intervene due to the enactment of new CBSL Act, sources said that the Parliament could address the issues at hand by giving the CBSL an opportunity to give its side of the story.

Sources said that following the latest salary revision, the monthly salary bill increased by 50 percent. However, those who had been attacking the CBSL, over the salary increase, had conveniently forgotten 24 percent of that amount had been deducted and sent directly to the Inland Revenue Department as PAYE (Pay As you Earn) tax.

Sources pointed out that CBSL staff would not be entitled to salary increase until 2027 whereas the government usually granted pay hikes to workers in the state sector.

Sources denied claims that the latest salary increase has been granted under the new CBSL law. Referring to the relevant legal provision in the law, sources said: “The CBSL followed the same procedure it has been following during the last few decades. This has nothing to do with the new CBSL law. These provisions were there even in the previous law.”

Sources said that those who had received higher salaries paid taxes amounting to 36% to the government, and the latest salary increase had been determined, following consultations between the top management and recognized trade unions of the CBSL. According to sources, the management and trade unions commenced signing of three-year collective agreements, beginning in 2000. The latest agreement covers the 2024-2026 period.

Sources said that instead of asking the CBSL for an explanation, a section of the media had gone on the offensive on the basis of unsubstantiated claims and accusations. “They politicized the issue and sought to direct public anger at the bank at a time it was working overtime to bring about economic recovery,” a senior CBSL official said.

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Wijeyadasa: Presidential election will be held in 2024

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Dr. Wijeyadasa Rajapakse

Justice Minister Dr. Wijeyadasa Rajapakse, PC, over the weekend assured that presidential election scheduled for later this year would be held.This assurance was given at a meeting held at the Batticaloa Divisional Secretariat on Saturday (24).

Referring to his role and that of several unnamed others during the unprecedented 2022 crisis, Minister Rajapakse said that contrary to speculation, claims and reports, presidential poll would be followed by parliamentary polls and other elections.In terms of the Constitution and the presidential election law, election should be held in October 2024.

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