‘Per capita income of $ 4,000 an achievable target’
The country’s economic growth will take a
three-fold approach - increasing productivity, exporting more and
import substitution. The 2013 Budget has provided an ideal platform
to reach the next level of growth. The measures taken to prioritise
agricultural development augurs well and could lead to the reduction
of the food import bill.
 Full Story
‘Lanka’s growth rate commendable’
There is a lot more for Sri Lanka to do, if it
is to achieve a better economic growth rate, IMF Resident Mission
Head, Dr. Koshy Mathai said at the Golbal Commerce Excellence
Awards. He said that Sri Lanka's Foreign Direct Investments are yet
low, at around one percent of the GDP when it could be around five
to six percent of the GDP as Vietnam.
Full Story
$ 40 m luxury high rise
Platinum 1, a high-rise for residential and
commercial purposes, will be ready by the end of 2013. The $ 40 m
investment is a joint venture between Platinum Realty Investment
(Pvt) Ltd and Indian-based Paharpur Cooling Towers Group and
Mauritius-based private equity fund Pragnya Fund. Located in
Bagatale Road, Colombo, it is 140,000 square feet and will comprise
four luxury penthouses and 66 aesthetically appointed residential
apartments.
Full Story
SLSI to launch certification programs
The Sri Lanka Standards Institution (SLSI) will
launch several certification programs to enhance service standards
and quality of products in the public and private sector
organisations, SLSI Director General Dr. Lalith Senaweera said. He
said that the Institution will pay special attention on implementing
the ISO 9001 certificate to improve service standards in public
sector institutions.
Full Story
Softlogic opens department store
Softlogic Holdings launched a Rs. 200 m
multi-brand mini-department store ‘Galleria’ at Havelock Road
recently.Targeting the entire family, the product range features
style, quality and the latest international trends of world brands.
The 8,000 sq.ft store comprises apparel, consumer electronics,
Full Story
HP expands notebook portfolio
HP expanded its notebook portfolio with thin and
light Ultrabook systems and Sleekbooks to meet consumer and business
demands. SpectreXT, Sleekbooks and Ultrabook systems that provide
14-inch and 15.6-inch diagonal display options have been introduced.
“Building on the success of the HP Folio13 and HP ENVY14 Spectre,
Full Story |
