Controversial Treasury Bond issue:
Credibility of market at stake
The controversial Treasury Bond issued by Central
Bank Governor Arjuna Mahendran has caused a major scandal and
tarnished the image of the Government which came into power to bring
about good governance, according to public opinion.
'Mega projects suspension may impact FDI inflow'
The business community has raised concern over
the government’s decision to delay on-going foreign-funded mega
investment projects, as it may have an adverse impact on investor
confidence and FDI inflow.
ICT industry targets US$ 1b in exports this year
Sri Lanka’s ICT industry is expected to reach US
$ 1 billion in exports this year. The sector’s contribution has
significantly increased recording a 123 percent growth over the past
five years. The country has launched an ICT value survey to find out
the national hi-tech exports it achieved in 2013-14.
C. W. Mackie introduces new flavour to market
C. W. Mackie PLC, the local bottling,
distributing and marketing partner of the international Danish brand
‘Sunquick’ added a new flavour - Sunquick Gold, to the local market
recently. “Our company will be exploring the possibility of
increasing local value addition.
Lapses in law implementation worsen women's plight
Added to the magnitude of problems women face,
lapses in implementing laws to penalise perpetrators of rape have
raised eyebrows in civil society and women's rights organisations.
Limitations and loopholes in the law have enabled sex offenders to
get away and continue to commit the crime.
Japan-Lanka trade growth to continue
Sri Lanka's trade with Japan has grown during
the past two years from over a decade of fluctuation. Trade between
the two countries rose from around US$ 894 million in 2013 to US
$1,167 million last year. Trade between the two countries stood at
US$ 770 million in 2012.
'Port City should not undermine environment’
The Port City project is good for the economy
but its implications on the environment must be looked into, said
Central Environment Authority (CEA) Chairman Prof. Lal Mervin
Dharmasiri at the launch of the Ceylon National Chamber of
Industries (CNCI) Achiever Awards which will be held on September 3