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Indian and Chinese traders cross the China-India border at the 15,000-feet (4,545-metre) Nathula Pass, in India’s northeastern state of Sikkim. India and China reopened a famed Silk Road pass in the Himalayas, allowing the first direct border trade between the Asian giants since their brutal frontier war 44 years ago. Merchants were greeted on each side with silk scarves, music and folk dancing after crossing the border through a stone-walled passageway that has replaced the barbed wire that had kept them apart since 1962. (AFP)

BPO - Lanka has potential to cater to high end niche market

In Business Process Out-sourcing Sri Lanka has the potential to cater to the high end niche market which requires more educated personnel said Mangala Karunaratne, CEO of Calcey Technologies, a successful Sri Lankan technology company providing its services to leading US companies.

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Rs. 490 m investment - EDB approves 24 projects

The Export Development Board has approved 24 Integrated Agriculture Model Projects with an investment of Rs. 490 million. The export earnings anticipated from the projects for 2006 are Rs. 627 million and by 2009 Rs. 1,630 million, according to the Progress Report of the 'Mahinda Chintana' Action Plan.

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Govt aims to increase revenue without curtailing development

The government plans to economise to the maximum and prioritise spending without curtailing development as the government wants to increase the revenue and go ahead with development activities, said Treasury Secretary Dr. P. B. Jayasundera at a discussion held after presenting the mid-year fiscal position report.

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