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Sunday, 12 July 2015

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LG Electronics launched the G4 smartphone at The Kingsbury in Colombo last week. Here Deputy Director, Abans PLC, Dinesh Perera
and two models display the smartphones. Pic: Vipula Amarasinghe

Export income drops 7.4 percent

Ban on seafood exports to EU the main cause:

The external sector, which is backed by strong export earnings, was hit by poor export performance in the first quarter of this year. Cumulative export earnings decelerated 0.3 percent to US$ 3,569 million from January to April this year compared to last year, a report on ‘Recent Economic Developments’ released by the Central Bank last week revealed.

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Go-slow causes extensive losses to tea companies

The ‘go slow’ campaign launched last Monday by tea estate workers demanding a reasonable wage hike has caused extensive loss to tea companies which have shut down operations. Estate workers launched trade union action demanding a daily wage of Rs. 1,000 which plantation companies have so far refused to agree to owing to the losses they incur due to the rise in cost of production and the drastic drop in tea and rubber prices.

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Over 10,000 visitors expected for FACETS 2015

Having started in 1991 with just 50 booths at the Hilton, to filling up the BMICH exhibition centre with over 150 booths, the international gem and jewellery exhibition has made a long and successful journey, Chairman, FACETS Sri Lanka 2015, Juzar Adamaly told the launch of the flagship event of the Sri Lanka Gem and Jewellery Association.

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IT, BPM, a billion dollar sector soon

The IT and BPM (Business Process Management) sector though often downplayed by policy makers has enormous potential to be a billion dollar industry. The export revenue from the sector is expected to be around US$ 850 this year and US$ 1 billion by end next year, Chairman, Sri Lanka Association of Software and Services Companies (SLASSCOM), Jayantha de Silva said.

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Cyber crime, a growing phenomenon

Cyber security is about building confidence and security in the use of ICT. The need of the hour is the awareness of possible threat and speed of response, Vice President, Certis Integrated Solutions Group, Singapore, Edwin Lim told a presentation in Colombo last week. Cyber space is the domain generated by the interconnection between computers and telecommunication networks to store, modify and exchange data via networked systems and associated physical infrastructures without regard to physical geography.

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Dialog up investments in Sri Lanka

The setting up of a stable government, will see a revival of foreign investments in the country, Chief Executive Officer, Dialog, Hans Wijayasuriya told guests following the ‘ringing of the opening bell’ ceremony at the Colombo Stock Exchange to mark 10 years of the opening of its share issue on the CSE.

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