Business and economics news
FACETS 2017 set to showcase the best of Sri Lanka’s Gem & Jewelry Industry

The Sri Lanka Gem & Jewelry Association announced the launch of the 27th edition of the FACETS International Gem & Jewelry Exhibition, on the 19th of July at a press conference held at the OZO in Colombo.

To be held from the 31st of August to the 3rd of September at the BMICH, FACETS is the premier event of the Gem & Jewelry Industry of Sri Lanka. Following its inception in 1991, FACETS has gradually grown in scale and size to become one of the most popular exhibitions of its kind in the world. The purpose of the exhibition lies in the need to show off the very best of one of Sri Lanka’s most valuable resources.

FACETS 2016 saw the introduction of the Premier Jewelry Pavilion and the Gem & Jewelry Mart, both of which received much admiration and interest from visitors, including His Excellency President Maithripala Sirisena himself. FACETS boasts something for everyone and every budget, from precious gems and priceless jewelry to costume jewelry and exquisite branded watches

Proposed FTA between Sri Lanka and Singapore to be finalized this year

The proposed Free Trade Agreement (FTA) between Sri Lanka and Singapore will be finalized this year, Foreign Minister Ravi Karunanayake said.

The Minister pointed out the pre-requisites for the proposed trade agreement will be completed before the end of this year.

Minister Karunanayake made these remarks addressing media after the bilateral discussions with visiting Singaporean Foreign Minister Dr. Vivian Balakrishnan yesterday (18th July) at the Foreign Ministry.

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Direct air links with China boosting Sri Lanka’s tourism

COLOMBO, July 18 (Xinhua) -- Sri Lanka's Tourism Minister John Amaratunga Tuesday said direct air links with China have boosted the country's tourism market as more Chinese tourists are now choosing Sri Lanka as a holiday destination.

Amaratunga said there are direct air links between Colombo and Chinese cities without transit and the country is expecting the tourism market from China to grow further.

Due to the rapid growth of Chinese tourist arrivals, Sri Lanka's national airline carrier SriLankan Airlines has recently enhanced its services for customers in China with the launch of a local direct-dial number for the airline's customers throughout China.

China is now one of Sri Lanka's strongest tourist markets. A total of 271,577 Chinese tourists visited Sri Lanka in 2016, according to Sri Lanka Tourism Development Authority statistics, making China the second-largest country of origin.

Chinese arrivals have continued to grow by over 4 percent during the first five months of 2017, with 117,539 arrivals, according to the statistics

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