New Act will woo foreign investors - Siyambalapitiya
The Under-performing Enterprises and
Under-utilised Act will not discourage foreign investors, because
this is relevant only to the 37 ventures listed in the Act. Other
countries too take similar decisions to make better use of economic
assets. This is a good signal for foreign investors and Sri Lanka
today needs responsible foreign investors.
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Reduce tax on LPG gas, says SLCC chief:
Staggering energy and labour costs hit ceramics industry
The ceramics industry, a major foreign exchange
earner faces a daunting task to stay afloat due to staggering energy
and labour costs, an official of the Sri Lanka Ceramics Council
(SLCC) said. He said Sri Lanka has to compete with low cost markets
such as Bangladesh, India and Vietnam which have gained an edge over
Sri Lanka in the global market.
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Tremendous opportunity to market men’s clothing in Sri Lanka
Shimalka Bodaragama had a dream of becoming a
fashion designer while she was an air stewardess flying for
SriLankan Airlines soon after completing her Advanced Level
Examination in 2006. She was a student at Sirimavo Bandaranaike
Balika Vidyalaya in Colombo 7. She drew inspiration from her mother
to become a fashion designer.
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China seeks greater role in SAARC
China is seeking an active role in the
eight-member South Asian Association for Regional Cooperation, an
official said Friday, in a move likely to be resisted by India. The
eight-member grouping wraps up a summit Friday in the Maldives
marked by talks between arch-rivals India and Pakistan, whose
leaders spoke of a “new chapter” in relations.
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VIA urged to extend year of import, reduce VAT
Sri Lankans prefer to buy a Japanese
re-conditioned vehicle as opposed to a brand new one because of the
economical price and safety standards. According to the Vehicle
Importers’ Association (VIA), Sri Lanka’s reliability in purchasing
Japanese re-conditioned cars has a 40 year history.
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Edex Expo - 2012 from Jan 20-22
Sri Lanka’s largest higher education and careers
exhibition, Edex Expo 2012 ‘ will be opened for school leavers at
the BMICH from January 20-22, 2011. The exhibition will help them
find suitable vocational, technical and skills development training
institutes, across the world.
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UAE's Foreign Trade Minister due here on Nov 23
Sheikha Lubna bint Khalid bin Sultan Al Qasimi,
Minister of Foreign Trade of United Arab Emirates will be arriving
in Colombo on November 23 on a three-day official visit amidst
renewed bilateral trade efforts between the two countries, said
Minister of Industry and Commerce Rishad Bathiudeen,.
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