Commercial hub status will boost apparel industry
2014 will be a landmark year for the apparel
industry of Sri Lanka, in its decades-long evolution of policies,
due to the introduction of commercial hub operations, said the
Secretary General of the Joint Association Forum (JAAF) Tuli Cooray.
He said that the apparel industry would receive huge benefits from
commercial hub operations.
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SLPA to triple revenue by 2020
The Sri Lanka Ports Authority (SLPA) will triple
revenue by 2020, SLPA Chairman Dr. Priyath Bandu Wickrama told a
seminar on ‘Vision 2020 Logistic Excellence in the Silk Route’
organised by the Sri Lanka Apparel Exporters Association and the
Shippers’ Academy last week.
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No immediate price hike in milk powder
There will be no immediate hike in milk powder
prices, said Consumer Affairs Authority (CAA) Director General J.M.
A. Douglas. He said that the CAA has not decided to approve a price
increase of milk powder brands imported or manufactured locally.
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Tremendous potential for tourism
Chairman of the Lanka Auto Gas Fuel System
(Laugfs), Business magnate W.K.H. Wegapitiya is stepping into the
hospitality industry, with three major hotel projects in the offing.
He told Sunday Observer Business that his decision to enter the
hospitality industry was prompted by the emerging economic growth
and the tremendous potential for tourism,
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