Eurozone crisis to hit trade and shipping
The sovereign debt crisis in the Eurozone will
affect trade and shipping in 2012 and 2013 said Aitken Spence
Shipping Maritime Sri Lanka Chairman and CEO, Dr. Parakrama
Dissanayake. He was addressing the seventh Southern Asia Ports,
Logistics and Shipping 2012 Sri Lanka forum.
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Sri Lanka ranked 22 in Change Readiness Index
Sri Lanka was ranked 22 in the recently
published Change Readiness index based on research by KPMG and the
Overseas Development Institute which offers a new and unique
perspective on the ‘change readiness’ of 60 developing and emerging
economies.
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Tax on foreign milk powder will boost local dairy industry
The tax imposed on imported milk powder by a
further 15 percent or Rs 92 per kilogram, will increase prices
further and as a result consumers will go for liquid milk produced
by domestic dairy farmers, analysts said. The Government took this
decision after dairy farmers staged a protest by throwing fresh milk
as they failed to sell it.
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Abans to set up shopping and entertainment malls
The Abans Group will setup shopping and
entertainment malls in Colombo to provide a one-stop shop for
customers said Abans Group Chairperson Aban Pestonjee. She said that
Abans had decided to diversify its business due to the vast
opportunities and prospects for growth in the country.
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Katgully ventures into Sri Lanka
The company Agxintl is renowned for specialising
in International Trade and Global Offshore Services, Logistics,
Finance, Rish management and Market Intelligence. Having branches in
India and Australia, the company has diversified its scope from an
international trade specialist to a total software solutions
provider.
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Interest rates up
Sri Lanka's overnight interest rate hovered
nearer to a recently hiked policy rates Friday amid tighter
liquidity, supporting its exchange rate and bond yields spiked, a
day earlier, dealers said. Gilt-backed repos were quoted at 9.25/50
percent,
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