Minister of Mass Media and Communication Keheliya Rambukwella has said, that the Comprehensive Economic Partnership Agreement (CEPA) will take centre stage of discussions during the visit of President Mahinda Rajapaksa to India during this month.
According to a news.lk report, the “CEPA” agreement between Sri Lanka and India will be signed during the end of this [...]
June 3, 2010 2:59 PM | Posted in
Economy |
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June 3, 2010 10:52 AM | Posted in
Photo Gallery |
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Sri Lanka will make a statement under the title of “Counter-Insurgency and Strengthening governance – Sri Lanka perspective on the challenges of reasserting control and governance in formerly LTTE held areas” at the upcoming IISS Asia Security Summit, The Shangri-La Dialogue in Singapore.
Minister of External Affairs, who will lead the Sri Lankan delegation is expected [...]
June 3, 2010 10:44 AM | Posted in
Other,
Diplomacy |
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A major transaction of shares between DFCC Bank and an undisclosed buyer saw Colombo Stock Exchange’s turnover reaching a 2 year high of Rs. 9.55 billion.
DFCC sold the 9.99% out of its Commercial Bank shares it owns to a buyer, which brokers say, is a “foreign party”.
The turnover of Rs. 9.55 billion saw Rs. 6.2 [...]
June 2, 2010 6:34 PM | Posted in
Markets,
Stock Market |
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Ministry of Finance says, the latest reduction in import duties on motor vehicles will help the Government to earn Rs. 15 billion as revenues by the end of this year.
A senior official said, apart from giving a boost to the economy, one of the other aims of the latest reduction was to increase the Government’s [...]
June 2, 2010 3:23 PM | Posted in
Economy |
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Former Chairman of the Sri Lanka Tea Board Lalith Hettiarachchi cautions that the productivity of the local tea industry is in danger as replanting is not taking place in the tea Plantations.
He said the productivity drop will be experienced in the not to distant future if the overall norms of replanting is not met.
The Former [...]
June 1, 2010 10:53 PM | Posted in
Economy,
In Depth |
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The Government today slashed import duties of motor vehicles by a massive 50% along with several other tax reductions, which it said, is aimed at providing a boost to the recovering post conflict economy.
It also removed a 15% surcharge on import duties and brought down the import duties charged on raw materials, Plants and Machinery [...]
June 1, 2010 4:53 PM | Posted in
Economy |
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A super fast train service linking the Bandaranaike International Airport and the city of Colombo commenced this morning.
It was inaugurated by the Minister of Transport Kumar Welgama and the Member of Parliament Namal Rajapaksa.
The new service is expected to facilitate the distinguished visitors arriving to attend the Indian mega film awards ceremony during this weekend.
According [...]
June 1, 2010 3:16 PM | Posted in
Economy,
Politics |
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The Ministry of Finance projects Sri Lanka’s economy to grow over 7% in the medium term.
Accordingly the Ministry of Finance projects the economic growth of the country to be at 7.5% in 2011 and 8% in 2012.
This year the targeted growth level stands at 6.5%
Releasing its 2009 annual report, the Ministry of Finance says, the [...]
June 1, 2010 2:50 PM | Posted in
Economy |
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A Chinese Delegation currently in Sri Lanka is looking at the possibility of starting an assembly plant for 2-wheel and 4-wheel tractors.
The delegation from the China’s Sichuan province which is famous for manufacturing tractors revealed this fact when they made a visit to the Board of Investment this morning.
The BOI says the annual demand for [...]
June 1, 2010 12:12 PM | Posted in
Economy |
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