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Sunday, 29 March 2015

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GLOBAL LEAP: Eves Information Technology, a leading provider of global technology innovation services, launched its Sri Lanka arm, Eves Information Technology Lanka (Pvt) Limited at the residence of the German Ambassador in Colombo last week. Ambassador Dr. Juergen Morhard said that this is the first time that a German company was launched at his residence. "The corporate sector provides job opportunities which lead to economic prosperity and social development. There are many top German brands in Sri Lanka and this will strengthen the relationship between our two countries," he said. Here Ambassador Dr. Juergen Morhard, Eves Information Technology AG, CEO Ralf Schmitt, Parliamentarians Dr. Harsha de Silva, Daya Gamage and Anoma Gamage at the launch. Pic: Vipula Amerasinghe

SL's economic growth 'projected to plunge'

The need for a deep robust financial sector for sustainable growth in Sri Lanka was highlighted by the Asian Development Bank (ADB) recently released report ‘Asian Development Outlook 2015’, the flagship annual economic publication.

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Non-prosecution of mega fraudsters:

Govt draws heavy flak

The Government has drawn heavy flak for undermining good governance by aiding and abetting mega scale fraudsters and not expediting the prosecution of culprits who continue to roam freely and even accuse the current Government of being corrupt.

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Unwarranted taxes and ambiguous policies:

Business community disheartened with Govt

The business community is displeased with the Government's business policies incorporated in the interim Budget and the negative image it has created about the country to foreign direct investors. The Super Gains Tax imposed on large companies with retrospective effect has stirred a hornet's nest among big corporates,

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Reinstating GSP Plus:

‘Lanka needs to improve human and labour rights record’

The European Union delegation which began discussions on reinstating the GSP Plus trade concessions to Sri Lanka has called upon the government to turn commitment to reality in adhering to the United Nations conventions.

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CIC Healthcare invests on new factory

The CIC Healthcare and Consumer Division, the healthcare arm of CIC Holdings PLC will explore the possibility of finding new export markets following its capacity upgrading and a new manufacturing plant to be commissioned shortly.

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Over 20 percent of population lack financial inclusion

The banking and finance industry has recorded sound growth due to the conducive business environment that prevails at present. However, the country’s financial inclusion is at a low ebb and 20 to 30 percent of the population do not have access to proper financial services.

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