Commercial hub policies provide framework:
Sri Lanka, a one-stop shop for tea
The commercial hub policies adopted by the
Government recently will help Sri Lanka to become a one-stop shop
for tea with the tag 'Tea Nation of the World', said Tea Exporters
Association (TEA), Chairman Rohan Fernando. The Finance Act -
Commercial Hub Regulation No. 1 of 20 gazetted by the Government in
July 2013 gives the policy framework for commercial hub operations.
Medical tourism too woo more tourists
Medical tourism in Sri Lanka is emerging with a
large influx of tourists into the country each year for medication,
Industry and Commerce Minister Rishad Bathiudeen told the media at
the launch of INTRAD Expo 2014 and Arogya 2014, healthcare
exhibition at the BMICH from May 16-18.
Increase in export earnings
Sri Lanka’s external sector strengthened further
with continued inflows to the Current Account and the Financial
Account of the Balance of Payments (BOP). These inflows resulted in
a significant increase in the overall balance as at end December
Bank consolidation beneficial - Fitch
Sri Lanka's plan to consolidate banks would
boost economic development and raise systemic stability in the
long-term, a spokesman for Fitch Ratings, the global rating agency
said. The Central Bank has initiated action on consolidation in the
financial sector as proposed in the 2014 Budget by President Mahinda
Rajapaksa and presented in the Bank's Road Map for 2014.
Whale-watchers flock to Mirissa
Among the many tourist attractions in our
country, whale-watching has become increasingly popular during a
short time span. Now ranked as the best destination in the world to
see Blue Whales, the Mirissa whale watching business has grown into
a popular tourist attraction.