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Sunday, 12 April 2015

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Eclectic blend: Laksala, set up in 1962, is the only State-owned gift and souvenir boutique in the country. Over the years, Laksala witnessed numerous changes with an ever-growing list of products for sale. Today, Laksala operates 13 branches islandwide and offers the widest variety of Sri Lankan products at reasonable prices. Most importantly, Laksala enables the numerous industries that supply goods to it to stay profitable. There is an eclectic blend of items ranging from selections of beautifully packaged tea, spices and colourful batikware to an elaborate collection of art and craft and a collection of traditional Sri Lankan gems and jewellery. Pakistan High Commissioner Maj. Gen. (Rtd) Qasim Qureshi and his wife visited Laksala recently. Here the High Commissioner takes a close look at a bag shown to him by New Product Development Consultant Indira Malwatte. Laksala Chairman Hasitha Tillekeratna, and Director Sales Kelum Jayawardene look on. Pic: Vipula Amarasinghe

We need more entrepreneurs!

Less than 4 percent of Lankans own businesses - Econ. expert:

Sri Lanka's woefully inadequate entrepreneurship is a barrier to economic growth, said a senior lecturer on business economics at the University of Colombo. He said that entrepreneurship building in Sri Lanka is astonishingly low compared to many developing countries in the region which have accelerated economic growth over the years.

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'Lanka should exploit niche markets'

Sri Lanka's exporters eagerly await the regaining of GSP+ to boost volumes and revenue, capitalising on available opportunities. "What we need today is not only GSP plus, but other trade concessions from USA, Japan and other countries as well," Chairman, Sri Lanka Apparel Sourcing Association, Anil Wettewa told the annual general meeting of the Sri Lanka Apparel Sourcing Association in Colombo recently.

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GSP Plus reinstatement:

Commitment to conventions, a key factor- Experts

Sri Lanka will regain access to the European Union (EU) markets with zero duty concession under the Generalised System of Preferences (GSP) Plus trade scheme according to trade sector experts who expressed positive sentiments last week at a trade discussion on the reinstatement of the benefit to Sri Lanka by the EU.

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BoC to conduct special audits

The General Manager of the Bank of Ceylon (BoC), D. M. Gunasekara has been sent on leave pending investigations in several functional areas, a media release from the BoC signed by Chairman Ronald C. Perera said.

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'Sustainability vital for business development'

Sustainability is very important in today's context of business. Perhaps more important than running the government. The need of the hour is to minimise environmental degradation which we hear of from the Port City and Highway projects, Managing Director and CEO, N'able (Pvt) Ltd, Peter de Almeida told the Business and Technology Conference 2015.

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