Asia’s share of global output will hit 53 percent by 2050

President Mahinda Rajapaksa said that Asian and Pacific economies, that are universally accepted, are playing a key role in global economic growth and stability. Delivering the keynote address at the Commonwealth Business Forum (CBF) in Perth on Thursday, the President said that it is not surprising that the much talked of BRIC nations, consisting of three countries from the Asian region, India, Russia and China are growing in importance in the region.

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ADB and Sri Lanka partner new CPS strategy

Sri Lanka and the Asian Development Bank (ADB) have agreed on a new Country Partnership Strategy (CPS) for 2012 to 2016 to reduce regional disparities, catalyse private sector participation in development, and remove human resource constraints. The CPS builds on the priorities of government’s Development Policy Framework and the ADB’s Strategy 2020,

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IT/BPO industry will surpass $ 1 b by 2015

The IT/ BPO industry will surpass the $ one b income mark by 2015 said Virtusa General Manager/Vice President, Madu Ratnayake. He was addressing the launch of Virtusa EDEX careers portal recently. He said the IT/BPO industry will reach great heights due to innovation and the vast diversity of services offered by the industry.

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7m Euro fund to promote civil aviation between EU and SAARC countries

The European Union (EU) has set up a seven million Euro fund to promote civil aviation between EU member States and the SAARC countries, said Head of Delegation of the European Union to Sri Lanka and Maldives, Ambassador Bernard Savage.

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2011 - best year for tourism

Sri Lanka ‘s tourist arrivals will reach unprecedented growth this year with the number of visitors expected to touch the 800,000 mark according to Sri Lanka Tourism data. The number of arrivals rose 27.2 percent in September from a year earlier and continuing to rise every month on a year-on-year basis since May 2009.

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