New chapter in Indo-Lanka ties :
Bilateral trade surpasses $ 4b
As bilateral trade between Sri Lanka and India
surpassed $ 4 billion, a new chapter was opened in Indo-Lanka trade
ties with the first Joint Task Force (JTF) coming into being.
Greater Indian market access for Lankan exporters and prompt
resolution of trade obstacles are the other developments.
Mega projects will boost economic growth
There are two aspects of mega investment
projects that the country should be mindful of; economic growth and
its sustainability. This should be supplemented by long-term
economic policies, former Industrial Development Board Chairman,
Udayasri Kariyawasam told Sunday Observer Business.
ADB grants $ 200 m loan for secondary schools
The Asian Development Bank (ADB) has approved $
200 million in loans to help the Government revamp its secondary
school system to check youth unemployment and meet the country’s
urgent need for a skilled workforce. “The current system needs a
major overhaul so that young people will have the skills to enter
the labour market,
'Urban infrastructure development essential'
Sri Lanka will be among the fastest growing
countries in the region due to its strategic location and educated
workforce, said Chief Economist for India and ASEAN, HSBC Global
Research, Singapore, Leif Eskesen at the 174th Annual General
Meeting of the Ceylon Chamber of Commerce last week.
Gold price falls
Gold has continued its drop, falling to its
lowest level in almost three years, after the US Federal Reserve
said it may wind down its stimulus program. Gold fell to $1,191.21
an ounce in Asian trade, after breaching the $1,200 mark in New York
on Thursday for the first time since August 2010.
Promoting SMEs, NBEA's aim
Promoting small and medium scale enterprises
(SMEs) is the primary objective of the National Business Excellence
Awards (NBEA), said National Chamber of Commerce of Sri Lanka
(NCCSL), President, Sunil Wijesinghe at the launch of NBEA.