Cess, a constraint to exports- Dr. Harsha
As Sri Lanka is vigorously focusing on an
export-led economy, the country must remove all export cess to
enhance competitiveness, parliamentarian Dr. Harsha de Silva told
the Annual General Meeting of the Spices and Allied Products
Producers’ and Traders’ Association (SAPPTA).
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Lanka, Pakistan Business Councils sign MoU:
Target US$ 1b in trade by 2017
Sri Lanka and Pakistan lost around US$100
million in trade due to the negative exchange rate in Pakistan and
trade diversification by Sri Lanka to other regions, Political
Counsellor for the High Commission of Pakistan, Hasan Zaigham told
the Sri Lanka-Pakistan Business Council (SLPBC) forum at the Ceylon
Chamber of Commerce last week.
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Vehicle registrations set to surpass 2011 record
Vehicle registrations across all sectors
increased 93 percent to 344,570 from January to July this year
compared to 178,439 registered in the corresponding period last
year, motor traders said. Past Chairman, Ceylon Motor Traders
Association (CMTA), Tilak Gunasekera said growth figures this year
will outdo 2011’s registration of 525,421 vehicles.
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Gem and jewellery exports stagnate at US$ 400m
Where has the lustre gone? - Experts
The gem and jewellery sector, a long standing
industry in Sri Lanka, has an appallingly low annual export turnover
of around US$ 400 million, when revenue should be at least US$ 1
billion by now, industry experts said at the 25th edition of Facets
2015, the flagship exhibition of the National Gem and Jewellery
Association.
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