Govt to sign development projects worth $2000m in 2007 -Dy
Finance Minister
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.
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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.
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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.
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