Demand will offset tea yield drop, say planters
The drop in tea production could be offset by
demand for quality tea and high prices in the global market, said
tea producers. Planters said that they were optimistic that yields
would increase with the improvement in weather and production would
scale up.
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'ADB's dedication commendable'
The dedication of the Asian Development Bank (ADB)
to reduce the level of poverty by improving the living standard of
1.7 billion poor people in the region, unable to access basic needs
is commendable, said Senior Minister of International Monetary
Cooperation and ADB, Temporary Alternative Governor Dr. Sarath
Amunugama, at the 47th Annual meeting of the Board of Governors of
the ADB.
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Railway go slow:
Lost working hours will hit economy
CGR engine drivers have launched a go slow
campaign opposing the strict action taken against those responsible
for the recent train accidents. The trade union action has caused a
slowing down of train services and most of the trains were late from
the middle of last week.
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World Bank supports urban services improvement
The World Bank approved a credit line of $147
million to help rehabilitate basic urban services and improve
liveability in two major cities Kandy and Galle. The project seeks
to produce a more spatially balanced distribution of economic
opportunities, while reducing congestion in the capital and
improving overall liveability.
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