Competitive private sector vital for growth -World Bank Managing
Director
The private sector should play a bigger role in
Sri Lanka’s development, while ensuring sustainable growth through
reform, World Bank, Managing Director, Sri Mulyani Indrawati
said.Emphasising the importance of increasing the role of the
private sector in taking up the growth challenge and helping to make
Sri Lanka the Wonder of Asia,
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Apparel sector aims at $5b target
The apparel sector will aggressively pursue the
target of $ 5 b set to be achieved by 2015.“We have studied the
Turkey model which we believe is a good system to benchmark given
the level of trade they enjoy inspite of costs thrice as high as
prevalent here,”
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Mobitel reports strong profitability in Q3 2012
Mobitel continued its revenue growth despite
heavy competition in the industry. Revenue for the first nine months
of 2012 grew by 14 percent from Rs. 15.9 b to Rs. 18.2 b compared to
the corresponding period of the previous year.
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SupremeSAT launch delayed
Sri Lanka’s first privately owned satellite
SupremeSAT 1 will be launched within the next few days from the Xi
Chang launch centre in China. The original launch date was put off
due to bad weather. It was rescheduled to be launched within five
days.
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Virtusa records 30% growth in employment
Virtusa recorded a 30 percent growth in
employment this year in its global business, said an official of
Virtusa Corporation at a photographic exhibition held at the company
premises. He said that global business had grown many fold this year
and added that the company hopes to expand its operations.
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