TFAB Cricket Sixes

Union Bank led by Kushan Lewke emerged as the new winner when they comprehensively beat HNB 'A' in the final at the fourth annual Trade Finance Association of Bankers Softball Cricket Sixes, concluded at the NCC grounds on 17th November 2012. 24 teams pooled into eight groups and participated in two stages, comprising 32 matches on three pitches. Kathiravelupillai and Mr. Gayan Manamperi, gave away the awards at the post tournament presentation.Parama Dharmawardene - Consultant, Sampath Bank plc. Tanuj Edward - Assistant General Manager - AVIVA NDB Insurance Sabry Ibrahim - Senior Deputy General Manager- Peoples Bank Nilam U Jumat - Assistant General Manager-Trade Services - Hatton National Bank plc. A Kathiravelupillai, Senior Banking Consultant, Former Deputy General Manager - Bank of Ceylon handled the difficult task of Moderator. In a new development from this year, members of the Institute of Bankers of Sri Lanka (IBSL) are eligible to earn Continuous Professional Development (CPD) points by participating in Seminars organized by the Trade Finance Association of Bankers. From the feedback received the participants had benefited very much from the presentations made especially as the topics co-related to the work they are involved in. The panel discussions which followed the presentation was very interactive and included Jegan Durairatnam Deputy General Manager, International Commercial Bank of Ceylon who added much value to the discussion. The participants were able to clarify many technical issues relating to International Trade practices. The President of the Association Nilam Jumat said that the Trade Finance Association of Bankers, which was inaugurated in 1997 has from inception been actively engaged in imparting knowledge and the necessary skills to its members by conducting seminars, lectures discussions, workshops etc. on a wide range of topics relating to International Trade. The seminar concluded with the delivery of the vote of thanks by the Secretary General of TFAB, Manjula Gunawardana.

-: :-

WTO halves trade growth forecast for 2023

The World Trade Organization (WTO) has halved its growth forecast for global goods trade this year, dropping it to 0.8% from 1.7%. "The trade slowdown appears to be broad-based, involving a large number of countries and a wide array of goods, specifically certain categories of manufactures such as iron and steel, office and telecom equipment, textiles, and clothing," the WTO says in its updated Global Trade Outlook for October 2023.

World's first carbon border tax enters into force in EU

The EU brought its Carbon Border Adjustment Mechanism (CBAM) into force on 1 October. It’s designed to equalize carbon costs for producers whether inside or outside of the EU. The CBAM will at first apply to imports of goods with particularly carbon-intensive production processes, such as cement, iron and steel, aluminium, fertilizers, electricity and hydrogen. For now, importers only have to collect and report data on the emissions generated in producing the products they buy. But from the start of 2026, they will need to declare annual imports and their "embedded greenhouse gases", then submit sufficient CBAM certificates to cover the emissions.

World Trade Report 2023 makes case for “re-globalization” amid early signs of fragmentation

The 2023 edition of the WTO’s World Trade Report presents new evidence of the benefits of broader, more inclusive economic integration as early indications of trade fragmentation threaten to unwind growth and development. The flagship publication, launched on 12 September, features findings on how re-globalization — or increased international cooperation and broader integration — can support security, inclusiveness, and environmental sustainability.

Recent Events

Multi Religious Event - 2022

25th Annual General Meeting - 2022

Cricket Sixes Championship 2022