49% contribution from total export earnings: Plea to consider
plight of apparel workers in 2007 Budget
It is time the Finance Minister considers the
plight of the workers in the apparel sector in the forthcoming
budget since they contribute close upon 49% of the total export
earnings. The budgets of 2005 and 2006 have provided assistance to
the employers in the apparel sector while proposals have been
forwarded to provide assistance in the forthcoming budget.
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Pre-entry criteria a drawback to lubricant industry
The lubricant industry, a government owned
business venture under the Ceylon Petroleum Corporation has to
follow practically an impossible entry criteria to the market,
though development of local industries has been the focus in the 'Mahinda
Chintana' Chairman, Laugfs Holdings Ltd. W. K. H. Wegapitiya said.
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Overseas Realty to venture into new city
Overseas Realty Ltd, the Echelon Square, Colombo
based twin-tower owning company from Singapore, will begin their
second project, here, a new city to be constructed on the property
of the elapsed Wellawatte Spinning and Weaving Mills, Colombo 6.
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