SMEs and local industries to spur growth
Sri Lanka is set to unleash its potential for
growth in 2013, despite challenges in economic and environmental
problems. “We are positive about the prospects for 2013. However, it
is important to be mindful of the challenges as most parts of the
world are facing difficulties,” National Chamber of Commerce Sri
Lanka, President,
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CA Sri Lanka strengthens ties with IFAC and IIRC
The Institute of Chartered Accountants of Sri
Lanka (CA Sri Lanka) strengthened ties with the International
Federation of Accountants (IFAC) and International Integrated
Reporting Council (IIRC). CA Sri Lanka President, Sujeewa Rajapakse
and Vice President Arjuna Herath met the President of the
International Federation of Accountants (IFAC) Warren Allen and
Chief Executive Officer,
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Significant improvement in quality of life - Dr Sarath Amunugama
The economy of Sri Lanka has shown progress in
many areas in the recent past. We have been recording 7–8 percent
growth in GDP reaching a per capita income of $ 2,836 as at end 2011
which is projected to reach $ 4,000 by 2016. Inflation has reduced
to single digits and is currently around seven percent.
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Healthy growth in services and construction sector expected
Two thousand and twelve commenced with a
positive outlook on economic growth, based on a continuation of the
growth momentum in post-terrorism development on the domestic front
and a recovery of the global economy. However, the situation on the
domestic and global fronts changed adversely and as a result the Sri
Lankan economy did not perform as expected.
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Tata gets new boss
Indian industrialist Ratan Tata retires on his
75th birthday this week, handing over the reins of his sprawling
business empire after decades at the top of the country's turbulent
corporate world. Ratan Tata has been credited with transforming the
Tata group into a streamlined conglomerate of more than 100
companies and earning a global reputation for eye-catching purchases
of Western firms.
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