Tuesday, 7th September 2010
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Economists visiting Sri shocked by Wimal’s actions Print
Written by CNS   
Thursday, 08 July 2010 08:31
Finance Minister and Economic Development Ministry Secretary Dr. P.B. Jayasundera has informed Economic Development Minister Basil Rajapaksa that economists representing international organizations who have arrived in the country to explore the possibilities of granting aid to the country, have been shocked a petrified by NFF Leader and Wimal Weerawansa’s protest outside the UN launched on the 6th, sources from the Finance Ministry said.
 
Trade As A Weapon Of Mass Destruction Print
Written by CNS   
Tuesday, 06 July 2010 17:03

While it is laudable of the EU to show a concrete commitment to human rights outside its borders one cannot help thinking that the decision to remove Sri Lanka’s preferential trade agreement over the government’s refusal to implement human rights conventions will merely worsen the situation of those the EU is attempting to protect.
 
EU takes official decision to cut GSP concessions to Sri Lanka Print
Written by CNS   
Monday, 05 July 2010 14:26


The European Union decided Monday to withdraw trade concessions in August granted to Sri Lanka after the government failed to make a written commitment to improve its human rights record, an AFP report quoting a EU statement from Brussels said. 
 
The US GSP also at stake Print
Written by CNS   
Sunday, 04 July 2010 15:01

The US government has decided to review the GSP facility extended to 3,400 Sri Lanka exports to the country.
 
Jet awaits govt nod to launch more flights to Colombo Print
Written by CNS   
Sunday, 04 July 2010 15:00

Jet Airways has so far not got official permission to launch additional flights to Colombo, four months after it applied, an airline official said.
 
Fitch Downgrades Sinhaputhra Finance PLC to 'B(lka)' Print
Written by CNS   
Thursday, 01 July 2010 06:44
Fitch Ratings Lanka has today downgraded Sinhaputhra Finance PLC's (SFL) National Long-term rating to 'B(lka)' from 'BB-(lka)'. The Outlook is Negative. Although liquidity pressure faced by the company has waned, Fitch notes the significant increase in the regulatory six-month NPLs and consequent deterioration in the net NPL/equity ratio, and depressed profitability.
 
New BOI projects reflect growing importance of tourism sector in economic development of Sri Lanka. Print
Written by CNS   
Thursday, 01 July 2010 06:43

The Board of Investment promotional strategy will focus mainly on 5 areas during the next five years, which include dairies, tourism and leisure, education, IT/BPO and urban infrastructure development. 
 
FITIS offers ICT Partnership Opportunities Print
Written by CNS   
Wednesday, 30 June 2010 09:00


The Federation of IT Industry Sri Lanka popularly known as FITIS offers its members a unique opportunity to create ICT partnerships. In finding new regional partners ICT companies can now join the business exchange and multilateral trade visit programs they offer through their regional body ASSOCIO. 
 
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