‘Climate change and impact on ports’- theme at UNCTAD meeting
Ports are likely to be affected directly and
indirectly by climate changes, such as rising sea levels, extreme
weather conditions and rising temperatures. Climate change and its
impact on ports will be the theme of the upcoming United Nations
Conference on Trade and Development,
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Business Chambers call upon Govt to support SME sector
Business chambers have reiterated the need to
support the SME sector which is the backbone of the country’s
economy. The chambers have called upon the government to focus more
on SME development in the 2012 Budget.
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Economy on an upward trend
The Sri Lankan economy grew at 8.2 percent in
the second quarter 2011 compared to the same period of the last year
and the value of the GDP was recorded at Rs.686,928 m at constant
(2002) prices, the National Accounts division of the Department of
Census and Statistics said.
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KIA Motors (Lanka) to invest Rs 1 b on service facilities
KIA Motors (Lanka) Limited plans to invest an
estimated Rs 1 b over the next three years to expand service
infrastructure in Sri Lanka, following phenomenal sales and the
growing demand for vehicles. Sales of KIA SUVs ‘Sorento’ and
‘Sportage’ exceeded 1,500 units in the first six months of the year.
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Sri Lanka to set up technology incubator
Sri Lanka will set-up the first technology
incubator for the electrical and electronic industry. “Sri Lanka’s
Electrical and Electronic industry (E&E) has been identified as a
thrust industry.
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Despite ME crisis:
NCE chief commends export performance
Despite the Middle East crisis, which has
affected some of our traditional markets, the financial crisis in
Europe, our major markets, and the US debt crisis, we the exporters
have performed extremely well recording a 30 percent growth in the
first few months of this year.”
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