Overloading vehicles a drain on economy
Excessive loading of vehicles with the resultant
deterioration of road surface in almost every developing country is
the primary reason for higher cost of transport. Since airline costs
and shipping services are becoming increasingly more competitive,
roads have to compete to ensure that local economies do not to lose
long haulages by air or ship, said Prof. Amal S. Kumarage.
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Lanka among Big Four to export 80% of world tea in 2005
The Big Four tea exporters, Kenya, Sri Lanka,
China and India accounted for 80 percent of world exports during
2005. Sri Lanka conceded its top slot as the leading exporter of tea
to Kenya, for the second year in 2005, having held the top spot from
year 2000.
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Fresh hope for Pramuka Bank depositors
The Bill to establish the Nava Lanka
Ithurukirime Bankuwa or New Lanka Savings Bank will be presented to
parliament on July 7. The funds lying to the credit of the now
defunct Pramuka Bank will be transferred to this bank and its
Chairman will be Prof Jagath Wickremasinghe.
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