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Sunday, 1 November 2009

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Improving productivity vital for garment industry:

No GSP+: not end of world - Cabraal

The non-availability of GSP+ concession from the European Union (EU) is not going to be the end of the world as Sri Lanka can face the situation, the Governor of the Central Bank Ajith Nivard Cabraal said in Colombo last week, while delivering a lecture to journalists on the GSP+ issue.

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Low interest rates a welcome move

The Business community welcomed the move made by the government to slash interest rates on loans from State Banks in a bid to stimulate the economy and encourage more private sector investments.

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Rubber prices improve

Rubber sector is recovering and auction prices are picking up, said Director Rubber Research Institute (RRI) Dr. Ashoka Nugawela. At the September auctions CR-1 grade fetched over Rs. 300/PerKg he said.

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