Growing rubber in non-traditional areas need effective institutional support
Strategic initiatives identified to reach the national targets in rubber production are, increasing productivity and extent under rubber cultivation.
John Keells Holdings (JKH) is reported to have selected a consortium led by South Korea’s Hyundai Engineering and Construction, for a contract worth US $ 522 million to build its integrated resort in Colombo, South Korean media reports said.
Mauritius, which is positioning itself to become an ocean economy, has expressed interest in signing an Air Services Agreement with Sri Lanka to boost bilateral trade between the two countries, a communiqué by Sri Lanka’s Industry and Commerce Ministry quoting Mauritius Foreign Minister Avin Boolell said.
A ballast train reached Pallai, in Sri Lanka’s war-torn Northern Province achieving yet another milestone of the steadily progressing Northern Railway restoration project.
Sri Lanka will find it very difficult to borrow from abroad in the future due to the Fed’s stimulus tapering that is likely to happen sooner or later, which will pull back the excess liquidity in the global economy, according to a senior economist in the country.
International Lease Finance Corporation (ILFC) signed a 12-year lease agreement with SriLankan Airlines for three A350-900 aircraft yesterday.
Life expectancy has reached 74.9 years in Sri Lanka today. This reflects the considerable successes the country has achieved in its social development during the post – independence era.
Japan will continue to help Sri Lanka’s economic progress by developing her infrastructure and human resources.
The International Monetary Fund (IMF) last week warned against the populist policy of import substitution as it has often proved ineffective in accomplishing economic prosperity.
Amana Bank is planning to list shares on the Colombo Stock Exchange (CSE) before the end of this year.
Migrant worker remittances received by Sri Lanka are almost entirely spent on consumption and are not mobilized in to investment generating activities, raising concerns over its ability to provide economic value addition in the long run.
Governance reforms cannot be delayed if Asian nations are to promote higher growth, investment and poverty reduction, according to an update to the Asian Development Bank’s (ADB) flagship Asian Development Outlook report released yesterday.
Various sources have come out with plantation crops viz Tea and Rubber production/ productivity figures over the last several years. However, more recently the accuracy of such figures has been disputed, mainly by the plantation companies. Whatever it may be, the plantation industry needs a national plantation crop policy to boost its production/ productivity by about 25 – 30 percent over a 5- year period and remain competitive in the global scenario.
The dynamics of the Sri Lankan economy have changed enormously in the last decade. Particularly after ending the prolonged terrorism conflict, the growth outlook in Sri Lanka has been impressive with massive reconstruction and rehabilitation efforts being carried out.
As emerging economies endure another episode of financial-market stress and volatility, it is appropriate to consider whether and how they might foster more stable conditions.
External factors such as global growth and Fed policy matter and are beyond developing countries’ control; but this is not new. The interesting question is, are emerging economies now unusually vulnerable to global forces because their structural resilience has weakened?
The Treasury bill yields remained more or less flat at yesterday’s auction with bids for three months and six months being rejected.
Ceylon Theatres (Pvt) Ltd (Ceylon Theatres), the oldest theatre operator in the country and a subsidiary of C T Holdings PLC is now planning to expand its footprint taking their new generation film theatres to Jaffna.
Hemas Holdings PLC yesterday announced the appointment of two top professionals, Dr. Anura Ekanayake and Dinesh Weerakkody, as independent directors to its board.
Singapore’s Ex-Prime Minister Lee Kuan Yu is a controversial figure. He is praised for having guided the grand economic transition of Singapore, and is still questioned for undemocratic practices in safeguarding his vote bank over a long period.
Central Finance Company PLC (CF) has introduced to its “CF Lamaa” children savings accounts yet another value addition.
The Board of Investment of Sri Lanka (BoI) signed an agreement with Singapore Dialysis Medical Group (Private) Limited to develop and operate a specialized hospital for kidney dialysis.
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