FDI to exceed US $ 2b by year end
Foreign Direct Investment (FDI) worth US$ 2.5
billion is expected by the end of this year. The FDI inflow is
expected to increase to US$ 5,000 million by 2016, Investment
Promotion Minister Lakshman Yapa Abeywardena told the media in
Colombo last week.
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Textile and apparel exports boost external sector earnings
Textiles and apparel export earnings recorded a
steady growth in June this year, a Central Bank report revealed last
week. The increase in apparel export income had contributed to the
growth in industrial export earnings during the month. Industrial
income increased by 18.7 percent year-on-year,
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'External debt: Long-term outlook stable'
The Sri Lankan economy is on a strong,
sustainable growth path and external debt of the country as a
percentage of the GDP is declining gradually and is at a healthy
position, said Private Transport Service Minister C.B. Rathnayake.
He said that allegations against government policies and the state
of the economy based on the debt ratio is irrational and misleading.
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Boost for Lanka-Vietnam trade
A trade agreement between Sri Lanka and Vietnam
was signed in Hanoi last week. Today's beginning will open
opportunities for both countries. Setting up of a Joint Working
Group (JWG) or Joint Trade Sub Committee, will help strengthen
bilateral trade and economic relations and my Ministry will closely
monitor progress,
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