‘Rationalise expenditure for higher economic growth’
Managing the fiscal deficit is a critical issue
for Sri Lanka to sustain a high economic growth rate, said Asian
Development Bank (ADB), Resident Mission Head, Richard Vokes at the
launch of the Asian Development Outlook (ADO) 2010 in Colombo on
Tuesday.
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$ 100m for mega project:
Indian engineering giant to invest in North
The largest engineering company in India, L&T
Infrastructure Development Projects, is keen to invest in major
infrastructure projects in Jaffna. Chief Operating Officer, L&T
Infrastructure in Sri Lanka, Vishal Mathur told the Sunday Observer
that the investment for the projects is over US $ 100 million.
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UPFA victory boosts investor confidence
Political stability in the country ensured by
the overwhelming victory of the UPFA at the general election boosted
investor confidence and it was reflected in the boom in the Colombo
Stock Exchange last week.
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