Value added products will capture niche markets
The high GDP growth rate, low inflation and
interest rates in the country is an impetus for accelerated economic
growth which the corporate community should make full use of to
reach the next level of business, said Chevron Lubricants, Managing
Director and CEO and top corporate personality Kishu Gomes,
Building a sustainable future:
Engineers have a key role to play
Engineers have a key role in building a
sustainable future in the backdrop of emerging issues related to
unbalanced development taking place today, ignoring the social and
environment aspects of development, Prof. Mohan Munasinghe told the
108th annual sessions of the Institute of Engineers of Sri Lanka (IESL)
in Colombo last week.
'Knowledge Economy concept gains momentum'
This conference is taking place at a crucial
time. The President will present his 10th consecutive National
Budget soon, spelling out the policy direction of the past 10
consecutive years of transformation of the economic landscape of our
country, in terms of the outlined direction.
Tourist arrivals up 16.8%
Sri Lanka's tourist arrivals rose 16.8 percent
to 105,535 in September 2014 compared to the corresponding period
last year, according to official statistics. The growth was driven
by India and China. In the nine months of 2014, arrivals were up
22.4 percent to 1,107,178. Visitors from South Asian countries were
up 9.7 percent to 28,561 compared to the same month last year with
arrivals from India,
FDI inflow hits US $ 1b mark
Direct Foreign Investment inflow has past the
US$ 1 billion mark by the third quarter of 2014. BOI enterprises
exported goods and services worth US$ 4.844 billion and imported raw
materials and project-related items worth US$ 3.184 billion,
Investment Promotion Minister Lakshman Yapa Abeywardena told the
media in Colombo last week.
'Launching global marketing campaign vital'
Research shows that a majority of successful Sri
Lankan business houses have been launched by local visionaries who
had the courage to take calculated risks and most importantly a
majority of those start-ups had plantations and tea as the