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Sunday, 18 March 2012

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Export of ceramics is on the decline due to recession and the only alternative is to sell to local market


Sri Lanka heralds nanotechnology

Sri Lanka will be a destination for nanotechnology research and development, said Chairman (SLINTEC) Dr. Mahesh Amalean, at a ceremony to launch the partnership between SLINTEC and Nagarjuna Fertilisers and Chemicals Ltd,(NFCL), India to develop the next generation nanotechnology-based plant nutrition solutions.

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Tourist arrivals up 21 percent

The number of tourists arrivals during the first two months of this year recorded a 21 percent growth with 169,423 visitors compared to 139,994 recorded in the corresponding months last year. Latin America and the Caribbean market dominated arrivals with a 83.8 percent growth notching 430 visitors compared to 234 recorded in the corresponding period last year.

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Standard Chartered Bank goes for SME Banking

Standard Chartered Bank introduced SME banking to Sri Lanka last week. It offers facilities and tailor made solutions that are commonly accessible by large corporate and (MNCs), to the Sri Lankan SME sector covering four the areas of ; working capital management, business protection, yield enhancement and business expansion.

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Joint strategic planning will boost regional tourism

A single visa system is important, to achieve the objectives of the South Asian Subregion Tourism Forum (SASTF) said the director of Shangri la Tours and the President of Nepal Tours Association, Ashok Polkharel told SASTF in Colombo last week.

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SLT launches Technology Experience Centre

Sri Lanka Telecom (SLT), launched a Technology Experience Centre – a platform where enterprise and SME customers can experience first-hand, the company’s enhanced services provided through state-of-the-art technology. The one-of-a-kind SLT Technology Experience Centre is at the Company’s head office premises at Fort, Colombo.

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Re-impose cess, say local ceramic manufacturers

Local ceramic manufacturers are calling upon the Government to re-impose the cess of Rs 100 per kg of imported ceramics to stop inferior imports and save the industry. Royal Fernwood Porcelain Ltd Managing Director, Dr Jagath Peiris said that a cess of Rs 100 per kilogram of imported ceramics was imposed in the last Budget and within a few weeks it was reduced to Rs 50 per kilogram.

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