France to invest $ 300m in Lanka
Sri Lanka will receive between US$ 300 to 400
million in investments from France. This follows the recent visit of
Deputy Investment Promotion Minister Faizer Mustapha to France to
participate in the Mouvment des entreprise de France (MEDEF) in
France. MEDEF is a front line French institution
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Master plan for Colombo metro transport launched
The master plan of the Colombo urban transport
system was launched last week by the Ministry of Transport with
extensive development proposed in transport infrastructure and
services to match the rapid economic development in the country.
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Apparel exports income to hit US$ 4 b this year
The Sri Lanka Apparel Exporters Association
(SLAEA) targets an export income of US$ 4 billion by the end of this
year, SLAEA Chairman Yohan Lawrence told a seminar on ‘Port
development in Sri Lanka’ organised by the Shippers’ Academy and the
Sri Lanka Apparel Exporters Association last week.
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'Seventy percent of world growth from emerging markets'
Over the past few decades, the global economy
has changed rapidly. It changed with the power shift from
traditional developed countries to emerging markets in Asia.
According to estimates, 70% of world growth over the next few years
will come from emerging markets, Japanese Ambassador Nobuhito Hobo
told the members of the National Chamber of Exporters at its Annual
General Meeting last week.
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Mobitel teams up with Huawei
Sri Lanka Telecom Mobitel has teamed up with
Huawei to offer a contract plan along with the Huawei Ascend Y220
smartphone. The contract will require Mobitel customers to sign up
for an 18-month period. This contract comes along with a Mobitel
post-paid package. This package includes free 2GB data, 100 M2M
minutes, and 500 M2M SMSs on a monthly basis.
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