Rupee depreciation not unusual - Central Bank
Sri Lanka's rupee depreciation against the US
dollar continues and the dollar exchange rate hit the Rs. 110 mark
on Monday. During the first half of the month the rupee depreciated
by 0.62% against the US dollar.
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Lanka's tea prices perched artificially high
Sri Lanka has lost some of its Middle Eastern
tea markets to Vietnam for the low grown type of teas which these
Arab countries favour, consequent to a drop in supply, the aftermath
of the island's 36-day strike, ended December last.
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Intel Corp invests $ 1 b to increase PC ownership, literacy rate
Intel Corporation has invested US$ one billion
in emerging markets including Sri Lanka to increase PC ownership and
IT literacy rate. The company partners with the national government
of the respective country and up to now the Government Assisted PC
Purchase Program has been launched in more than 75 countries.
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