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Sunday, 12 May 2013

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The Government introduced strict laws in 2011 for vegetable and fruits to be transported in plastic crates to prevent waste. According to government sources over 40 percent of fruits and vegetable go waste during transportation and the country was losing over Rs 15 to 20 billion annually. This picture at the Dambulla Dedicated Economic Centre shows that despite all these regulations, transport of perishable commodities such as fruits and vegetables still takes place in the traditional way. Pic: Susantha Wijegunasekara

flydubai to operate MRIA flights

flydubai, Dubaiís innovative airline, will operate flights to the new Mattala Rajapaksa International Airport (MRIA) from May 21. It will operate flights thrice a week on Tuesdays, Thursdays and Sundays. The airline has also decided to operate a daily frequency from MRIA from June making it the first airline to launch daily flights at the new airport.

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CB cuts policy rates

The Central Bank (CB) cut the Repurchase rate and the Reverse Repurchase rate by 50 basis points to 7.0 and 9.0 percent and the monthly monetory policy review said that the policy decision aims at boosting credit and private investments. In addition,

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Tea production up this year

Sri Lanka's tea production this year has increased compared to last year, according to reports. Plantation company sources said that favourable weather conditions boosted tea production this year. Watawala Plantation PLC, General Manager J.W.Y.K. de Silva said that good weather helped to notch up tea production this year and added that the upward trend could continue during the next couple of months.

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Automation, the key to effective trading

Minimising human intervention is vital to create an effective trading environment at the Customs, said Director General of Customs, Jagath P. Wijeweera at the launch of an electronic export clearance system based on ASYCUDA World (AW) software for the Customs.He said that automation of the Customs clearance system is an important trade facilitation initiative.

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GM, Railways inspects new track

Sri Lanka Railways, General Manager B. Aiyaratne made an inspection tour of the newly completed rail track between Medawachchiya and the Madhu road recently. He was accompanied by the Project Director, Sri Lanka Railways, M P L N Peiris and General Manager, Ircon International Limited, India, S L Gupta.

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