CBC targets $ 2 b in FDIs
The Commonwealth Business Council (CBC) will
target Foreign Direct Investments to the tune of $ 2 billion, said
CBC Chairman Dr. Mohan Kaul at the briefing on the Commonwealth
Business Council forum to be held in Sri Lanka from November 12-14.
He said the forum will create huge business and investment
opportunities for Sri Lanka and other Commonwealth countries.
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New international airport will create multiple opportunities
The Mattala International Airport is a
commercially and economically viable project and the $ 210 million
it cost, can be recovered in 10 years, said Senior Lecturer,
Department of Economics of the University of Colombo, Dr. Ranjith
Bandara responding to negative arguments about the second
international airport in Sri Lanka.
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Turnaround in inflation
Year-on-year inflation remained unchanged at 9.8
percent in February 2013 reflecting the remaining impact of the
substantial changes to administratively determined prices and
disruptions to domestic food supplies. However, inflation is
expected to turnaround from March 2013 and reach a more favourable
level by the end of the year.
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Cartel manipulates egg prices
An internal crisis in the All Island Poultry
Association (AIPA) has created issues in the poultry industry and
due to this small-scale farmers and consumers will have to suffer,
Chairman, AIPA, Dr. D.D. Wanasinghe said. He said that large-scale
poultry farmers in the North Western province has set up two
separate organisations,
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Bosch launches security solution
Bosch Security Systems launched a one dish
security solution system, ‘Advantage Line’ in partnership with
Hayleys Industrial Solutions (Pvt) Ltd, Kay Jay Electronics (Pvt)
Ltd and M3 Force (Pvt) Ltd. The launch showcased five different
products under ‘Advantage Line’. Video systems, which will be
distributed by Kay Jay,
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