Govt to sign development projects worth $2000m in 2007 -Dy
The govenment expects to sign development
projects worth US $ 2000 million this year, said Deputy Minister
Ranjith Siyambalapitiya addressing journalists at the Finance
Ministry on Friday.
ADB subsidy program to benefit 600 tea factories
The Asian Development Bank has provided a grant
of US$1.5 million to the ministry of Plantation Industries to launch
a subsidy program for food safety certification based on HACCP. Six
hundred tea factories will benefit from this scheme as up to 60% of
the cost incurred in obtaining quality certification from agencies
approved by the Ministry will be reimbursed.
Pent up demand to boost tea prices by end January
Pent up demand for Ceylon tea is expected to
push Colombo auction prices way up by end-January. Then, the now
poor quality manufactured teas, the repercussion of the go-slow of
December will be exhausted.