New Policies helped rebalance external sector - Dr. Saman
Kelegama
Policy measures already adopted by the Government
to address the imbalance in the external sector and the other issues
in the economy are sufficient at present and the Government has gone
quite a distance, said Executive Director of Institute of Policy
Studies (IPS), Dr. Saman Kelegama.
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Country on strong growth with single digit inflation
The country has recorded strong growth, mid and
single digit inflation, with foreign reserves at a comfortable level
and a steady Banking and Finance Sector with Sovereign Credit
Ratings, Doing Business Index, and FDI, on the rise said Governor of
the Central Bank Ajith Nivard Cabraal at the AmCham Luncheon meeting
on Wednesday.
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World economy in a depressed condition:
Greater integration vital to face external shocks - Prof.
Abeyratne
The world economy is in a depressed condition in
the current year mainly due to the Sovereign Debt crisis in the Euro
Zone, but emerging conditions show a slow recovery next year said
Senior Lecturer, Economics, University of Colombo Prof. Sirimal
Abeyratne. He said that the world economy made a strong recovery
from the US financial crisis recording 5.3 percent economic growth
in 2010,
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Local BPO industry, fastest growing recruitment sector
Sri Lanka has been recognised as a niche centre
of excellence for Finance and Accounting Outsourcing with the
world's second largest pool of UK qualified accounting
professionals, second only to the UK. This was revealed at an
executive briefing breakfast session organised by SLASSCOM (Sri
Lanka Association of Software and Services Companies),
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Lubricant industry growth flat or marginal
The growth of the lubricant industry for the
past 15 years has been four percent said Chevron Lubricants Lanka
PLC Managing Director/ CEO, Kishu Gomes. He said since mid 2009 the
lubricant market recorded a fast phase of recovery with
approximately a 12 percent year- on- year growth in 2010 over 2009.
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BAM GREEN selects REC solar modules
REC solar modules have been selected by BAM
GREEN. REC will supply REC Peak Energy Series modules to BAM GREEN.
REC solar modules were ranked first with the highest performance
ratio of 90.8% in the year long independent field test conducted by
Photon Laboratory in 2011 which measures energy yield.
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