New Sino-Lanka ties :
Boost for business confidence
The recent visit of the Chinese President opened
new chapter in Sino-Lanka relations giving a fresh boost to trade
and investment between the two countries. The business community
hailed the visit of Chinese President Xi Jingpin last week which
will boost business confidence and the growth momentum of the
Govt intervention stabilises onion prices
The prices of big onions at the Dambulla
Dedicated Economic Centre (DDEC) picked up on Thursday after the
Government intervened in purchasing stocks. The harvesting of big
onions is now underway and farmers have received a bumper harvest
this year but they are worried as prices have dropped.
Export earnings increase in first seven months
Continuing the upward momentum observed during
the first half of the year, export earnings improved further in July
2014. Expenditure on imports also recorded an increase in July 2014
compared to the decline recorded in the preceding three months.
Lanka to launch solar hydro integrated project
Sri Lanka has huge potential to generate solar
and hydro power as the country has enormous natural resources,
Hanergy Group China, Vice President Helen Zhang told a seminar on
‘Solar Energy- Integrating Solar and Hydro Power Sources for Sri
Lanka' in Colombo last week.