New economic model in the making
Focus on economic and political liberalization:
White paper to be presented soon:
Sri Lanka will reach the next level of economic
development through a new economic model that would focus on
economic and political liberalisation. It will address issues
related to efficiency and competitiveness while political
liberalisation will focus on justice and equality with a balance of
the two factors leading to overall socio-economic development,
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Pakistan-Sri Lanka trade:
Full potential not exploited
The full potential of Pakistan and Sri Lanka
trade has not been exploited and creating awareness regarding the
economic and political climate in both countries are necessary to
improve trade volumes and values, Commercial Attaché, High
Commission of Pakistan, Hasan Zaigham said. Building business
contacts and setting up a trade relationship will fuel the growth of
trade between the two countries.
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Kosher certification helps increase market share
The Jewish population is growing all over the
world and the demand for Kosher certified products is increasing
fast, Head, India and South East Asia Operations of Star-K Kosher
Certification organisation, Joel Weinberger, told a seminar on
Kosher Certification for food and beverage export industries.
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Former regime left bankrupt economy
Former President Mahinda Rajapaksa and his
cohorts in the Central Bank and the Finance Ministry plundered the
wealth of the country during the tenure of the previous Government,
putting the economy in the doldrums and leaving peanuts for senior
citizens,
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Absence of national policies, an obstacle to growth - Aviation
Minister
Sri Lanka hasn’t a national policy for any
sector which is a hindrance to consistency and growth of sectors,
Ports and Aviation Minister Arjuna Ranatunga told the media at the
inauguration of the first Colombo International Maritime Conference
(CIMA) 2015 from September 24-26. Ranatunga said that Sri Lanka
should learn from India which has a policy for all sectors which
continues even though governments change.
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Lanka branch remains mum:
HSBC to shed 50,000 jobs
HSBC, the global bank said last week that it
would shed around 50,000 jobs of its nearly 250,000 workforce as it
sells several under-performing businesses and cuts billions of
dollars in costs. The move is part of bank’s major strategic
revamping program announced by the bank’s chief executive Stuart T.
Gulliver. As part of its latest changes, the bank said it would
increase its investment in Asia,
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