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Sunday, 8 April 2012

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Chambers welcome tax on vehicles

The Business Chambers commended the move by the Government to increase the vehicle import tax which will help bridge the widening trade deficit and address environmental pollution due to vehicle congestion in cities. The National Chamber of Commerce of Sri Lanka (NCCSL) hailed the recent increase in vehicle import taxes as a move that will save foreign exchange,

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New fiscal policy will boost economy - Koshi Mathai

The new policy regimen introduced in February with the tightening of the monetory policy and the devaluation of the rupee and the resulting volatility will affect the people en masse. But the underlying strength of the economy has been boosted and it is important to maintain sustainable growth, said IMF residential representative in Sri Lanka Koshi Mathai.

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National Chamber, Sri Lanka's first 'Green Chamber'

The National Chamber of Commerce (NCCSL) was recently awarded the certificate for Carbon Neutral by becoming the first ‘green Chamber’ in the country to offset it's carbon footprint. “In today's business context the role of sustainability has risen to a pre-eminent position” said President NCCSL Asoka Hettigoda.

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Sri Lanka to sustain stronger growth throughout 2011-2015

Sri Lanka is expected to sustain a slightly stronger growth momentum of 6.6 percent on average throughout 2011-2015, states a RAM Ratings report titled “Economic Outlook Sri Lanka.”

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Sanquhar produces Red Tea, Oolong Tea

Ceylon Red Tea is produced out of the leaves of the tea plant, Camellia Sinensis. In Sri Lanka, although excellent raw material in the form of green tea leaves with high levels of antioxidants is available, Red Tea was not produced before due to lack of know-how.

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