North, a potential agricultural export hub
Fruit and vegetable cultivation in the North has
immense potential for a vibrant export market given the fertility of
the soil and the skilled workforce, Deputy Provincial Director
Department of Agriculture, Jegadees Jehanathan told a seminar on
creating awareness on the potential of agriculture for producers and
'Sri Lanka will achieve 8 percent growth'
The accelerated development at present has
enabled the private sector to contribute more towards the well-being
of society. The rapid progress in the country was possible due to
proper planning and execution in the backdrop of a stable political
and economic front,
Bank consolidation continues
Further progress was made by banks and finance
companies and leasing companies (NBFIs) on the financial sector
consolidation process last month, the Central Bank said in a media
release. The proposed amalgamation of the Merchant Bank of Sri Lanka
PLC, MCSL Financial Services Ltd and MBSL Savings Bank Ltd has
reached the final stage of completion.
SriLankan Airlines seals codeshare deal with JAL
The codeshare agreement with JAL will make it
the sixth codeshare to be entered into with a member airline of the
oneworld alliance, complementing previously concluded codeshares
with Malaysia Airlines, Siberia Airlines (S7), Royal Jordanian,
Finnair and Qantas.
Lanka envinces interest in Renminbi - CB Governor
Sri Lanka has an interest in the Chinese
Renminbi, Central Bank (CB) Governor Ajith Nivard Cabraal told
Jackie Horne of FinanceAsia. “We've been investing in the renminbi
for the past six years and the amount has been increasing.