Sri Lanka has potential for International arbitration hub
Sri Lanka has huge potential to be an
international hub for arbitration which is a multi-million dollar
industry, arbitration experts, said. They said that the potential of
the industry has not been fully tapped due to lack of awareness of
its benefits to the legal profession and the economy of the country.
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Budget 2012 will help maintain growth momentum - Analysts
The economic implications of Budget 2012 are
positive and will help maintain the growth momentum, keep the
economic growth rate above eight percent and improve export
competitiveness, economic analysts said. The Government plans to
reduce the budget deficit from eight percent of GDP to 6.4 percent
and the estimated budget deficit is Rs. 468.9 billion.
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North Ireland eyes Lanka for investments
Eight percent economic growth has seen Sri Lanka
growing in economic terms which has opened doors to international
investment opportunities. One such country optimistic about
investing in Sri Lanka is Northern Ireland. “We came first in April
2011 and until today, we have seen tangible business partnerships
formed between the two countries,
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Budget 2012 Development-friendly – Business Chambers
The business chambers hailed the 2012 Budget as
a development - friendly budget focused on sustaining economic
growth and enhancing benefits for small and medium sector
enterprises which are the backbone of the country’s economy.
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New re-cycling plant for CFL bulbs
Orange Electric in collaboration with the Nordic
Recycling Institute set up Sri Lanka’s first CFL recycling plant
“Asia Recycling”, said, Managing Director, Orange Electric Kushan
Kodituwakku. He said that this plant has been set up using the
latest technology. Kodituwakku said that even-though CFL and
fluorescent bulbs are a productive means to save energy, disposing
used bulbs in a negligent manner will cause severe environment
hazards as it consists of mercury.
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Insurance scheme for Notebook customers
The World's largest Technology Company and a
leader in innovative technology and service Hewlett-Packard (HP)
joined hands with Sri Lanka’s largest state insurer Sri Lanka
Insurance Corporation (SLIC) to launch an insurance plan HP
Advantage Plus for Notebook customers.
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