Sri Lanka, Korea to expand economic ties
Korea will expand economic cooperation with Sri
Lanka and remain as a partner Ambassador to the Republic of Korea
Jongmoon Choi said. The year-end get-together of the Korean
Businessmen’s Association (KBA) was held at Hotel Galadari, Colombo.
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Communication breakdown leads to confusion:
Plastic crates to be used gradually
The Ministry of Internal Trade’s attempts to
reduce massive post-harvest losses in the perishable agro products
market ended in failure, market analysts said. The approach was
wrong, Speaker Chamal Rajapaksa told Parliament. It should have been
initiated after an awareness campaign at grassroot level was
conducted, they said.
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Macroeconomic objectives:
Stock Market to fall in line
The Sri Lanka stock brokers association issued a
statement regarding proposals made after the meeting with President
Mahinda Rajapaksa. We carry below the statement. ”In the wake of
recent media reports, which have led to adverse publicity about the
Colombo Stock Market, the Colombo Stock Brokers’ Association (CSBA)
would like to clear some of the misconceptions, which have arisen.
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CIC inks ties with Dubai-based S.S. Lootah
CIC Agri Businesses, has tied-up with
Dubai-based S.S. Lootah International to address agri market
requirements in the UAE and explore opportunities in Africa.The two
Companies signed an MOU to this effect in Dubai last week.
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Fed - no new policies but hints at future action
WASHINGTON (Xinhua):The U.S. Federal Reserve
said Tuesday that it has decided to keep its existing monetary
policies to boost recovery but is prepared to take further steps in
the future in case of worsened economic conditions.
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Outlook for insurance sector stable - Fitch Ratings
Fitch Ratings Lanka in a new report has said
that its Outlook for Sri Lanka’s insurance sector is stable. Fitch
considers the credit fundamentals of agency-rated issuers to be
underpinned by their healthy capitalisation and good profitability,
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