Yunnan biz delegation visits Lanka
A delegation from the China's Yunnan Province visited Sri Lanka last
week to boost commercial ties between the Chinese province and Sri
The delegation from Yunnan, a province in the Southwestern China, is
focusing on doing more trade with Sri Lanka and building partnerships
with companies here.
Deputy Director General, Yunnan Province's Department of Commerce,
Sun Yun said, "There is a huge space for developing ties between the two
Vice President, Sri Lanka-China Business Council of the Ceylon
Chamber of Commerce, Yasantha Abeykoon said that Sri Lankan businesses
are keen on focusing on the Chinese market and the potential for two way
growth is huge.
IFA seminar on taxation
The International Fiscal Association (IFA), Sri Lanka Branch will
hold a seminar on Taxation at the Hotel Ramada on November 4 from 8.45
a.m to 1.15 p.m.
The seminar will impart information about the amendments to the
Inland Revenue Act,Value Added Tax Act and other Acts arising from the
January 2015 Interim Budget and Budget 2015.
The speakers and the panelists will analyse and discuss the most
recent fiscal amendments and the effects on taxpayers.
Job and Career Fair in Polonnaruwa
The National Human Resources Development Council of Sri Lanka with
the National Chamber of Commerce of Sri Lanka and the Vocational
Training Authority will conduct a Job and Career Fair on Wednesday
November 4 from 9.30 a.m to 4.30 p.m at Pulathisi Budhi Mandapaya hall
The event will be an opportunity for employers to find employees to
fill vacancies and school leavers and job seekers to find suitable
Skilled labour is available in the following fields - automobile,
painting, plumbing, air-conditioning, agriculture, information
technology, welding, electrical, tailoring, carpentry and computer
ME hit by oil price collapse
Growth rates have slumped alongside the near 60% fall in oil prices
since June 2014, inflicting huge damage on government finances.
The International Monetary Fund warned on Wednesday that it will take
years for countries in the region to recover, particularly those in the
Gulf that remain overly dependent on crude oil exports.Director, Middle
East and Central Asia at the IMF, Masood Ahmed said, "If you add up for
all the six countries over the next five years it is a (budget) deficit
of $700 billion."
"Look at the past five years when oil prices were going up and the
same group of countries were together running a budget surplus of over
$600 billion. So it is a huge fiscal swing."