Risk-return aspect vital for sound investments
The crisis in certain financial institutions has
snowballed into a larger issue with many banks and lending
institutions unable to maintain liquidity levels. The crisis has
again triggered panic among depositors. The crisis in some financial
institutions surfaced again with the problem at Central Investments
and Finance Company PLC (CIFL), which is now under a new management
appointed by the Central Bank.
Exporters hail China-SL FTA
Sri Lankan exporters have hailed the proposed
China-Sri Lanka Free Trade Agreement (FTA) and expect big
opportunities to expand and diversify their export markets. Selected
Sri Lankan items could be exported to China at zero duty with the
implementation of the FTA in November.
Lanka has much potential in souvenir market
Sri Lanka is ready to cater to the anticipated
influx of tourists and sees huge potential in the gifts and souvenir
market. “Our country is ready to welcome the increased number of
tourists which is expected to drive rural economic growth
substantially. In the backdrop of the influx,
WB ranks Sri Lanka in second slot
There is a conducive environment for foreign
investments in Sri Lanka. The World Bank (WB) has ranked Sri Lanka
at second place out of 144 countries which are suitable for
investment.Compared to last year, the flow of investments to the
country from January to June has increased by 20 percent.
Fruit and vegetable export revenue up 20%
The fruit and vegetable processing and export
industry earned US$ 32.5 million in 2012 due to the untiring efforts
of the members of the Association, said Export Development Board,
Chairman, Bandula Egodage.. Egodage was speaking at the 32nd AGM of
the Lanka Fruit and Vegetable Producers, Processors and Exporters
Association on Wednesday.
Ceylinco Life to award 160 schols
Ceylinco Life will award 160 scholarships to
young Sri Lankans under the 13th Ceylinco Life Pranama scholarship
program in February next year. A company official last week said
that its 247 branches islandwide have begun accepting applications
from those eligible to be rewarded under the four-tiered scholarship
scheme which recognises academic and extra-curricular achievement.
Milcris eyes local projects
Milcris, the Sri Lankan construction management
consultancy company based in Oman is now eyeing major local projects
as the construction sector in the country is booming with mega
infrastructure, hotels and casino projects in the pipeline.