CSH has potential to attract transshipment business
The Colombo South Harbour (CSH) will bring in a
large revenue if it attracts transshipment business, said Asian
Development Bank, Country Head, Rita O’Sullivan at the inauguration
of the Business Leaders Forum at the Postgraduate Institute of
Management (PIM) on Thursday.
Lanka's apparel exports back on track
Sri Lanka’s non-BOI apparel exporters have been
integrated into the global network, Asycuda World (of UNCTAD).
Apparel exports are now back on track having overcome global
recession, a Ministry of Industry and Commerce spokesman said. He
said that Sri Lanka’s apparel sector has entered a new phase.
Inflation declines further in July
Inflation, as measured by the Colombo Consumers’
Price Index (CCPI) (2006/07=100) computed by the Department of
Census and Statistics decreased to 6.1 percent on a year-on-year (YoY)
basis in July from 6.8 percent in the previous month.
June exports record commendable growth
The country’s exports earnings for June recorded
commendable growth. However, it is necessary to have the right
balance between commodity and cost. According to provisional Customs
data, Sri Lanka is heading in the right direction despite
challenges. Exports to our key markets the USA and EU, especially to
USA have shown a satisfactory increase in June 2013,