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Deputy Minister of Finance Ranjith Siyambalapitiya addressing the gathering. Treasury Secretary Dr P.B. Jayasundera looks on.
Pic by Chinthaka Kumarasinghe

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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