CAA reviews plans for Mattala Airport
The former regime defying the views of aviation
experts went ahead stubbornly with the construction of the second
international airport in the South, which has failed to produce any
results except being a burden to the economy. Experts said the need
was only to construct an alternative runway with a small terminal.
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Increase in import of zero-emission vehicles
The global trend is shifting towards green
technology, be it industry, agriculture or technical. The automobile
industry has also turned towards green technology such as zero
emission, Defence Ministry Secretary, B.M.U.D. Basnayake told the
Vehicle Importers Association of Lanka (VIAL) Business Conference
2015 in Colombo recently.
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Inward remitances via mobiles
The annual inflow of foreign remittances to Sri
Lanka is US $ 7.2 billion through formal channels. This is 10
percent of the national GDP and a 10 percent growth compared to last
year. However, it is not possible to quantify remittances through
informal channels which is considered to be a significant percentage
of total remittances, Hatton National Bank Managing Director and CEO
Jonathan Alles said.
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Potential to double tea exports to Iran
The easing of sanctions on Iran will deliver the
much needed pick-me-up to Sri Lanka’s troubled tea industry by
allowing the resumption of direct exports to one of its main
markets, a government official said last week. Although tea was not
on the list of products banned from being exported to Iran over its
nuclear program,
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Total mismanagement by former regime:
CEB, CPC worst loss-making State institutions
The Ceylon Electricity Board (CEB) and the
Ceylon Petroleum Corporation (CPC) which have been white elephants
were in a worse predicament during the former regime which carried
out unsolicited bids and ran into its earnings by total
mismanagement making them among the worst loss-making State entities
in the country.
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