Huge investments in power generation avert crisis
The huge investments in the power sector and
increased generation capacity of the Ceylon Electricity Board (CEB)
in the recent past has averted a power crisis that would been
inevitable due to the severe drought now prevailing, said CEB
General Manager Shavindranath Fernando.
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Ornamental fish exports to rise
The National Aquaculture Development Authority (NAQDA)
hopes to export ornamental fish worth Rs. 1,600 million this year to
the United States of America, European countries, Japan and Arabic
countries, NAQDA Chairman Jayantha Chandrasoma told the Sunday
Observer.
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Sanctions on Russia may hit exports
The US and Western sanctions on Russia will have
a trickle down effect on Russia's relations with other countries and
its trading partners according to international relations experts.
Russia, an oil and gas rich country, is a major trading partner
between the East and the West.
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Trade deficit contracts
The external sector strengthened further with
the trade deficit contracting in January 2014. Earnings from exports
increased, reflecting the ongoing recovery in the global economy
while expenditure on imports also increased, albeit at a lower rate,
driven mainly by the increase in intermediate goods imports.
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EGB refreshes Indian beauties
Elephant House Ginger Beer (EGB) partnered with
Femina Miss India 2014 as the beverage sponsor of the week-long
pre-pageant tour of Sri Lanka. Hosted by Cinnamon Hotels and
Resorts, the hospitality partner for the tour,
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