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Five hubs and tourism sector, the main thrust:
Lanka to reach $4,000 per capita income
The economic drive will be centred around the
five hubs and the tourism sector as the main thrust to increase the
per capita income to reach the target by 2016.Sri Lanka has set an
ambitious target of achieving a $ 4,000 per capita income by 2016
and are many initiatives have been taken in this regard.
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IFS, a leading player in IT BPO sector soon
The IFS will be a $ 1 b company earning the
largest amount of foreign exchange in the country by 2020, said IFS
Sri Lanka and South Asia, Managing Director Jayantha de Silva at
ceremony to mark the 15th anniversary of IFS in Sri Lanka.He said
the company will be a leading player in the IT BPO (Business Process
Outsourcing) sector in the country by 2015 providing a large number
of jobs.
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Global wage structure vital - Dr. P.B. Jayasundera
“Structural shifts in the Sri Lankan economy
have contributed to a rise in remittance income and changed labour
market dynamics. The decline in the unemployment rate and
non-availability of a skilled workforce for emerging industries and
services in the domestic economy have brought the Sri Lankan
economy,
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‘Labour market reforms, the need of the hour’
“The apparel industry needs to be transformed to
generate $5 b and this commitment should be translated into policy
and legal reforms. Productivity improvement and labour market
reforms is the need of the hour. We have customers adopting a more
conservative purchasing strategy, requiring shorter lead times,
quicker response and greater flexibility from the manufacturing
base,”
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NSB’s performance improves in Q3
“The National Saving Bank (NSB) results for the
third quarter bear testimony to our commitment towards sustainable
business growth, increased efficiency and overall operational
improvement despite the challenging circumstances that prevailed in
the first half of the year,” said NSB Chairman Sunil Sirisena.
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Laugfs Gas group pre tax profit up
Laugfs Gas PLC and its subsidiaries recorded a
strong performance for the six months ended September 30, 2012. The
group consists of four subsidiaries,Vehicle Emission Testing,
Leisure, Property Development and Power. Laugfs Gas PLC and its
subsidiaries,
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