Connect with us

Business

Sri Lanka all set for Expo 2020 Dubai

Published

on

EXPO 2020 DUBAI is the latest edition of World Expos held around the world since 1851 and will be the first ever to be held in the Middle East, Africa, and South Asia. Sri Lanka will participate in the mega-event which commences in October (01st October 2021 – 31st March 2022) and is expected to attract over 25 million visitors to Dubai during its six-month run. One of the key facets of the Sri Lankan contingent will be the specially designed Pavilion which was officially handed over by the Dubai Expo team to Mr.Nalinda Wijerathna, Deputy Commissioner General Sri Lanka for Expo and Consul General of Sri Lanka to Dubai and the Northern Emirates on the 14th of September, 2021. Accompanying Mr.Nalinda Wijerathna at the handover was Mrs. Subashini De Silva, Second Secretary at the Sri Lankan Consulate in Dubai.

The pavilion with its water-based theme was designed by a team from the University of Moratuwa and has been recognized as one of the best designs at Expo 2020 Dubai. The pavilion showcases the hydraulic civilization in a touristic perspective bringing out the 3 positioning pillars of Authenticity, Compactness and Diversity while taking visitors on a journey through history, culture, nature, people, and many facets of the destination through storytelling to inspire and showcase Sri Lanka to the world. Silent display screens at the pavilion will feature the unique facets of the island in all its wonder and awe.

The Pavilion will be segmented into zones to represent the many diverse facets of Sri Lanka. Zone 1 will display a cross-section of Sri Lanka’s multiple dimensions, zone 2 will focus on the island’s unique Ecology, Biodiversity, and Ecosystems, while zone 3 will give participants an insight into the island’s awe-inspiring history with a display based on the Islands ancient kingdoms. Zone 4 is dedicated to Economy and Trade Development and zone 5 will showcase local craftsmen and artisans with a masked wall and retail area. The specially designed Pavillion is a breathtaking mix of heritage, history, local style, and the latest technology. This will give participants a glimpse of island life in all its splendor, helping create interest that will attract both visitors and investors. The entire experience is designed to be personal, immersive, and memorable, conveying the island’s warm, sunny personality and exotic character.

Speaking about this landmark event Ms. Kimarli Fernando – Chairperson SL Tourism and the Commissioner General Sri Lanka for Expo, had this to say. ‘Expo 2020 Dubai was an event that came to Sri Lanka Tourism at the eleventh hour!! Despite all constraints and barriers, we made it this far and created a global platform for Sri Lanka to be showcased at this international event. We have created tourism, trade and investment opportunities at Expo which we are sure will generate great growth avenues for Sri Lanka. We are also blessed with amazing partners and great support extended from Expo Dubai team. Sri Lanka Tourism is looking forward for a successful event in Dubai’.

Sri Lanka Tourism has built a collision in presenting Sri Lanka strong and vibrant at Expo 2020 Dubai in partnership with the Sri Lanka Embassy in UAE and the Consulate in Dubai, Gem & Jewelry Authority, Export Development Board, Sri Lanka Tea Board, Laksala, Board of Investment, Port City, Sri Lankan Airlines, and the National Chamber of Exporters. The event will provide an extraordinary opportunity for many organisations that make up the local contingent, including commercial opportunities that will enable a more robust and strengthened local economy. With over 190 countries participating in the event, there will be a wealth of interest in Sri Lanka’s unique arts, crafts, cuisine, and culture. Destination Sri Lanka will be telling its story through the creative use of song, dance, cultural events, and a host of strategically targeted programmes.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

‘Dollar reserves in SL plummet drastically, putting the economy in jeopardy‘

Published

on

Key personnel at CNCI forum

By Steve A. Morrell

Sri Lanka’s dollar reserves have declined from $ 7.15 billion in 2019 to $ 2.8 billion currently. The President conceded economic failures although reasons for such failure were not explained, chairman, National Chamber of Industries (CNCI) Canisius Fernando said.

Fernando added recently at a forum: “Forex reserves are insufficient to expedite payment of import bills. More so that cost incurred on container traffic for imports and or exports was on a rising spiral. In comparison to cost of container shipping recorded at $ 2,800 earlier, it is now $ 12,000, indicating a rise in multiples of 250.

“Additionally, the Generalized System of Preferences (GSP +) affecting our trade with EU countries, placed Sri Lanka’s reputation at a risk, meaning that countries could veer away from Sri Lanka prompted by a possible inability to honor our trade commitments. The clear example being trade with the US. Rather than await goods and services transactions with Sri Lanka, that could invariably take three months, US economists and their trade sector opted to transact trade with countries in close proximity to US shores.

“Dearth of container traffic and rising cost for on- loading and off- loading of cargo seriously affect trade imbalances. Consequently, the credit worthiness of the Sri Lankan economy is affected, which in turn seriously affects the GDP.

“Worker wages which were static because of trade shut- downs caused demands for increased wages. Wage demands of Rs 1,500 from employees became a major phenomenon in most sectors. The question at issue was the hypothetical position of business establishments of about 4000 employees demanding increased wages. This would cause closure of those companies resulting in unemployment.

“The proverbial domino effect of such repercussions would cause further chaos in the economy.

“There was no proper policy in most sectors. Suspension of the import of fertilizer and consequent confusion would, in the short run, result in famine and food shortages. Already this was evident in the public panic caused by having to stand in line to purchase essentials. That the crisis is upon us and the question of a quick solution is not feasible in the current context of the economy.

“Foreign investors are lured by the possibility of cheap labour in Sri Lanka to establish their businesses here, but in this instance too, this is only a hypothetical situation but not the reality.”

Continue Reading

Business

Supuni Products gives back by way of welfare initiative, helps to uplift the needy patients with chronic illnesses

Published

on

Supuni Products first started in 2016 when the business proprietor, Supuni Lakmalie along with her husband only had Rs. 150 as investment. With that small amount, they purchased kollu (lentils) and kurakkan and ground them using a grindstone. This was the beginning for them and today, Supuni Products is a booming enterprise that specializes in ground spices and cereal, operating from the town of Nildandahinna, Walapane. Their products are of very high quality and 100% natural and consists of 15 different spice and cereal products including chilli, coriander, turmeric, pepper, curry powder, kurakkan, lentil (kollu) etc.

In 2018, Supuni Products received the opportunity to supply kurakkan flour and cereal to be included into the Poshana Malla, which is a nutrition package prepared for pregnant women, instigated by the government. The success of their business was such that they were able to gain an equity of over Rs. Four million during the past three years.

As part of a welfare initiative, they have also pledged to allocate one rupee for every kilogram of product sold, towards supporting patients with financial difficulties and require emergency surgery and for those with chronic diseases. While having had to run a business in the confines of their own home, the grant offering they received from the enterprise project allowed them to complete construction work of their new factory. She now hopes to expand the business, improve their supply chain, and create new employment opportunities.

Continue Reading

Business

Dialog Enterprise offers Dell Technologies Cloud IaaS in Sri Lanka

Published

on

Dialog Enterprise, the corporate solutions arm of Dialog Axiata PLC, is working with Dell Technologies Cloud Solution Provider (CSP) in Sri Lanka to offer Dell Technologies Cloud Infrastructure-as-a-Service (IaaS) solutions to customers to innovate and scale rapidly, reduce costs and increase performance of business-critical infrastructure.

“Together, with our combined forces, we bring the only hybrid multi-cloud partnership in the country, giving access to private clouds as well as to our existing public cloud, and for on-premises infrastructure, robustly powered by Dell Technologies and VMWare. Envisioning a one-stop multiservice solution for all enterprise requirements, we strive continuously to keep to the changing landscape strengthening the cloud play in the arena,” said Navin Pieris, the Vice President – Enterprise Business and Large Enterprise Sales, Dialog Axiata PLC.

Rather than making capital investments in hardware, storage and servers to maintain them, enterprises can harness and scale IaaS resources when needed, paying only for infrastructure services they consume. Mitigating and allowing for any threat of data loss, the cloud partnership also offers cyber recovery as a service with a guaranteed uptime of 99.95%, end-to-end management of data centers and 24×7 support with zero operational burden on the customer. Ensuring the same standardization, self-service, automation and analytics capabilities that exist in the public cloud, the partnership facilitates secure private clouds for customers along with servers, storage and customized enterprise, private and/or public cloud solutions as required by enterprises.

Continue Reading

Trending