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Sunday, 31 May 2015

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Unilever last week launched its Lux Star Collection, a limited-edition created with Bollywood star Deepika Padukone and a new fragrance by perfumer Alessandra Vinksnaitis. Pic: Vipula Amerasinghe

Business community demands:

'Go for polls without delay'

The business community has expressed serious concern over the political stalemate in the country which is not conducive for investments and launch of new projects. The Chambers and industry stakeholders have underscored the importance of going for General Elections soon and breaking the stalemate to ensure stability and the confidence needed to attract foreign direct investments, which is vital for the country at this crucial juncture.

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'CEPAs, the way forward'

Sri Lanka should go for comprehensive economic partnership agreements to be in line with modern global business trends else we would be isolated from the rest of the world which is going for comprehensive economic partnerships, Director General of Commerce R.D.S. Kumararatne said. He said if Sri Lanka is to survive in the modern business world we need to go beyond trade in commodities and focus on services, investments and cooperation in technology.

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Market capitalisation: Targets should be realistic

Sri Lanka has an ambitious plan to increase market capitalisation. However, the target should be realistic and reachable within the time frame, a capital market expert and CFA Candor Group CEO and Director Ravi Abeysuriya said.

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Gem and jewellery exports to surge

Sri Lanka's gem and jewellery export revenue will surge this year following the enormous exposure the country received at the International Coloured Gemstone Association (ICA) Congress held recently in Sri Lanka, Chairman, Facets Sri Lanka, Juzar Adamaly said on the sidelines of the 16th Congress at the Cinnamon Grand recently.

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'Cuba, ideal investment destination'

Today, Cuba is an ideal destination for investments due to the reorganising of policies, political stability backed by a strong regulatory framework, Ambassador for Cuba Florentino Batista told a workshop on 'Bilateral trade between Sri Lanka and Cuba' organised by the National Chamber of Commerce of Sri Lanka last week.

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