Exports to SAARC region to hit $ 1,000 m by 2015
Exports to the SAARC region will top $ 1005.95
million in 2015, trade experts said. Intra-SAARC exports would cross
$ 17,500 million by 2015, they said. Exports under South Asian Free
Trade Area (SAFTA) preferential tariff schemes last year stood at $
1.5 billion. According to an Asian Development Bank (ADB) study,
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LAUGFS invests in leisure sector
Laugfs Leisure Limited, a fully-owned subsidiary
of Laugfs GAS PLC acquired Mag Consultants and Agents Private
Limited (MCAPL) and its assets, comprising 15 acres of prime sea
front beach property at Waskaduwa, Kalutara with an investment of Rs.
500 million. Chairman of the Laugfs Gas PLC, W.K.H Wegapitiya said
that Laugfs Leisure is aggressively investing in the leisure sector.
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Milk production to meet 60% domestic demand
The National Livestock Development Board (NLDB)
will increase dairy production by 10 percent of the domestic demand
by 2013, said the deputy Chairman Laksman Hulugalle. NLDB was a
loss-making state-owned institution in 2005.
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Expo Aviation goes for $2.8m aircraft
Expo Aviation will buy another aircraft from the
United States at a cost of US$ 2.8 million to boost air passenger
transportation to the North, said In-flights and Passenger Services
Director Expo Aviation, Seraj Mohamed. Expo Aviation, a subsidiary
of Expolanka Plc is the only domestic scheduled flight operator in
Sri Lanka.
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