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Sunday, 5 May 2013

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A model displays during the Camouflage Fashion Show in Colombo on April 29. The fashion show was organised by Viru Daru in partnership with LIFT in aid of children of fallen war heroes. - AFP

Sri Lanka's economy shows much progress - Koshi Mathai

Sri Lanka's economy has shown much progress and growth is satisfactory when taken in the global context, said IMF, resident reperesentative, Koshi Mathai.Explaining the IMF view of the Sri Lankan economy after the completion of the Article IV consultative meeting, he said that the 6.4 percent economic growth rate last year was positive in the global context.

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TSHDA launches e-services

The Tea Small Holdings Development Authority (TSHDA) last week launched e-services to improve efficiency and reduce administrative costs of the services provided by the Authority. The general manager of the TSHDA, G. B. Obeysekera said that this initiative under e-Sri Lanka program was launched with the support of the ICTA.

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Pakistan eases tariff on three Lankan commodities

Boosting Lanka-Pakistan bilateral trade levels and cooperation ahead of the next JEC meet, Pakistan has eased tariffs on three Lankan commodities it directly imports from Sri Lanka, Ministry of Industry and Commerce sources said. According to the Department of Commerce, Pakistan imports 5,000-6,000 mt of betel leaves annually.

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Millennium Airlines to strengthen wings

Millennium Airlines will invest $ 2-3 million on a Bell 407, six-seater helicopter this year, said Millennium Airlines, Vice Chairman, Suren R. Mirchandani. He said that the helicopter will carry six passengers in VIP ‘club seating’ configuration and added that it will be the most advanced civilian helicopter in the country.

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Trade deficit declined in February

Earnings from exports declined by 2.9 percent, year-on-year, to $ 798 million in February 2013, as earnings from agricultural exports and industrial exports declined. Earnings from exports of agricultural commodities declined mainly as a result of lower earnings from rubber and coconut exports.

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