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Sunday, 7 August 2011

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Plummeting veggie prices hit farmers

Vegetable prices have plummeted causing losses to farmers. The wholesale price of vegetables at Dambulla Special Economic Centre (DSEC) recorded a very low level with most of the items priced between Rs.10-30/kg. Farmers said that prices of some items were below the cost of production.

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‘Central Bank should regulate debt market’

The corporate debt market should be regulated by the Central Bank, rated and given to primary dealers, which will help develop it, said CEO RAM Ratings Lanka Adrian Perera. The debt market is 3-4 times bigger than the Colombo Stock Exchange (CSE), but the Central Bank is not aware of who is raising the funds. All debt instruments, therefore, should be rated so that the Central Bank is aware of who is raising money.

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We must promote brands constantly

Although there was a slight dip in the number of tourist arrivals in May and in the early part of June there will be a substantial growth this month due to the Perahera season, said Immediate Past President of the Hotels Association of Sri Lanka, Srilal Miththapala.

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