Invest in Lanka, Malaysians say
"We are looking for new business opportunities
and we are not too worried about the Tigers," Soong said. Among
those in the delegation is Michael Shak, a director at Bluecros, one
of Malaysia's largest manufacturers of energy-saving systems, a
company that has invested in many countries where others are
reluctant to go like Iran, Cambodia, Nepal, Bangladesh or parts of
Africa. But he is also disappointed with his Sri Lankan experience.
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Govt to combat C-O-L with free market policy
The government will not go for price control to
curb the rising cost of living, Secretary to the Ministry of Trade
Dr. R. M. K. Ratnayake assured. The government strongly believes
that the free market would bring the price level to the minimum
equilibrium, he said in response to some media reports that the
government will introduce price control for essential goods.
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Airforce targets main LTTE Eastern base
Airforce bombing on a key LTTE base in
Karadiyanaru, 24 Km from Batticaloa has killed nearly twenty LTTE
cadres, defence sources said as unconfirmed reports from the
uncleared areas said LTTE Batticaloa Amparai commander Banu was in
the camp when it was hit by air.
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