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Sunday, 28 September 2014

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Tourists flock to see the catch of fish being brought to the shore by fishermen in Pottuvil, a popular tourist destination

CCCC to invest US $ 2.5b to develop land:

Reclamation work on Port City project to begin soon

The reclamation work of the Colombo Port City project which was launched on September 17 during the visit of Chinese President Xi Jinping, is expected to begin soon. The area to move machinery and equipment has been reclaimed so far. China Communications Construction Company (CCCC) is the investor in the project.

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Disaster preparedness:

Lanka makes significant progress

The Ministry of Disaster Management with the World Bank launched a Climate Resilience Program on Friday at the Disaster Management Conference at the BMICH, titled 'The Future we want – a Safer Sri Lanka'. Since the catastrophic tsunami, Sri Lanka has achieved significant progress by strengthening preparedness to safeguard lives.

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Trade deficit declines in first seven months

The Sri Lankan economy performed strongly during the second quarter of 2014 with a real GDP growth of 7.8 percent compared to the 7.6 percent in the first quarter of 2014. The growth in the second quarter was led by robust performance in the Industry sector,

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Lanka to achieve US $ 1.5b FDI target

FDI inflow had exceeded $ 1 billion by September 15 and therefore, Sri Lanka will achieve this year's FDI target of US $ 1.5 billion, said Minister of Investment Promotion Lakshman Yapa Abeywardena at the signing of the agreement to launch Royal Asian Cruses (RAC) in Colombo last week.

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Chamber of Commerce to enrich SME sector

The National Forum on Small and Medium Enterprise Employment (NFSMEE) to be organised by the Ceylon Chamber of Commerce (CCC) next month will boost the SME sector which makes a salient contribution to the economy, said CCC Solution, Managing Director and CEO Chandula Abeywickrema.

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Exports up14% to US $ 7.34 b

Over 110 exporters and Chamber representatives were present at the fifth National Exporters’ Forum in Colombo last week. “According to the latest provisional EDB data, exports from January to August 2014 have increased by 14.03% to US $ 7.34 billion. As committed exporters, it is your valuable efforts that can help us,

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