Pelwatte Dairy to begin work on second farm
Pelwatte Dairy Industries will commence work on
its second farm in Trincomalee this year with an investment of
around US $ 50 million, Pelwatte Dairy Industries, Chairman
Ariyaseela Wickramanayake said. He said details regarding the land
are being finalised.
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Norwegian GSP+ opens $100 b market for Lanka
Norway, the gateway to the Scandinavian market,
invited Sri Lanka to grab opportunities to increase trade with
Norway as bilateral trade soared 26 percent. “There are many niche
markets for Sri Lankan products and new opportunities are available
in Norway.
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Economy moves towards a higher growth trajectory - Central
Bank
The economy has moved towards a higher and
sustainable growth trajectory, said the Central Bank (CB) in its
monetory policy review of March released last week. The strong
growth potential of the economy is emphasised by broad-based GDP
growth in all three sectors of the economy in 2013.
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Fiscal policy measures needed to redistribute income
Inequality in income distribution in Sri Lanka
has increased continuously according to statistics published by the
Department of Census and Statistics (DCS) and analysts warn this
would lead to social issues unless appropriate fiscal policy
measures are taken to redistribute income.
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