Diversification of exports, crucial to boost revenue
Investors seek an investor-friendly, clear and
simple facilitating process in the business environment, said Ceylon
Chamber of Commerce (CCC) Import Section, Past Chairman and
Director, Associated Motorways (Pvt) Ltd. Ranjan de Silva.
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Much potential in Eastern fishing industry
The business community in Batticaloa said that
investments in the fisheries industry are not sufficient to tap the
full potential in the East even though several years have lapsed
since the end of terrorism. “The government has invested heavily on
infrastructure development.
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Mlesna tea exports on steady rise
Mlesna tea exports have been growing steadily
despite the global economic downturn, said Mlesna Tea founder,
Anselm Perera. He said that the demand for quality tea will never
decline and will withstand all odds as a preferred beverage. Mlesna
exports tea to sophisticated markets such as Europe, USA, Canada,
Japan, Australia and New Zealand.
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Regulatory reforms welcome - Former SEC
“Regulatory reforms are welcome,” said former
Director General of the Securities and Exchange Commission of Sri
Lanka (SEC) and current Chairman of Venture Capital Lanka, Channa de
Silva commenting on the relaxation of credit rules for stock
brokering firms. He said that relaxing certain policy measures will
help expand the market and create positive sentiments in the stock
market.
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Canada to promote trade
Trade between Sri Lanka and Canada has grown and
currently is around $ 400 m, said Canadian High Commission Political
Counsellor Megan Foster at a ceremony to sign a MoU between the Sri
Lanka-Canada Business Council (SLCBC) and the World University
Service of Canada (WUSC) on Thursday.
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Finco Group to open Uga Bay resort in Pasikudah
Uga Resorts of the Finco Group is hoping to buy
a blocks of land to set up luxury resorts in the Southern coastal
belt, Kandy and Nuwara Eliya areas said Uga Resorts Managing
Director, Priyanjith Weerasooria at the re-launch of Uga Resorts on
Wednesday.
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