‘Political stability vital to achieve economic goals’
The business community is confident that the
prevailing economic and political stability will pave the way for
the fast developing nation to become the Wonder of Asia. ‘Momentum’,
a synchronised business and professional forum was held
simultaneously at the Cinnamon Lakeside, Cinnamon Grand, Hotel
Galadari and Hilton Colombo Residences recently.
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e-marketing gains popularity
Internet marketing or e-marketing has changed
the way business owners and consumers buy and sell goods and
services. Over the years, many brands and businesses have adopted
web marketing more extensively than the traditional mass media mode
of marketing.
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‘IT, a US $ 5b industry by 2020’
Sri Lanka’s IT literacy rate has risen over 55
percent and it is expected to reach 75 percent by 2016. As the
country has been recognised as the BPO destination of the year by
the National Outsourcing Association UK, for the second consecutive
year, it is necessary to upgrade skills and produce more IT
professionals,
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GDP 3Q growth rate 7.7 percent
Economic growth in the all three quarters of the
year recorded a growth rate of over 7.5 percent according to
statistics. GDP growth rate in the third quarter of 2014 recorded
7.7 percent according to quarterly national accounts released by the
Department of Census and Statistics.
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