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Sunday, 11 November 2012

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A hawker is seen peddling his wares in Battaramulla, an outskirt of Colombo. This time around the SME sector, the backbone of the economy received concessions in the Budget Pic: Saman Sri Wedage

‘Proposals in the right direction’:

SL to reach poverty-free middle income status soon - Dr P. B. Jayasundera

 

Budget 2013 maintains consistency, continuity and clarity in Sri Lanka reaching poverty-free middle income country status. The proposals are in the right direction and Sri Lanka will go beyond the millennium development goals, Treasury Secretary, Dr. P.B. Jayasundera said. Economic development will be equitable in terms of opportunities, livelihood and poverty reduction.

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Budget builds business and investor confidence - NCCSL

The National Chamber of Commerce of Sri Lanka (NCCSL) said that the Budget has built business and investor confidence as the direction and the policy framework of the Budget was consistent with previous Budgets. The chairman of the Banking and Finance committee of the NCCSL, H.A. Ariyaratne said that at a time when the economy is facing some difficulty,

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‘Regulations on RPT vital’

The stock market regulator should not only implement regulations but also penalise those who violate them, said John Keels Holdings, Director Finance and Nation Trust Bank, Chairman, Ronnie Peiris. He was speaking at a panel discussion during a seminar on ‘Related Party Transactions’ organised by the SEC recently.

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SLSEA’s energy management program will save Rs. 135 b

The Sri Lanka Sustainable Energy Authority (SLSEA) will save Rs. 135 b during the next five years through its National Energy Management Program, said SLSEA, Director General Dr. Thusitha Sugathapala at a ceremony to award the ISO 50001:2011 Energy Management certification to Macbertan, a subsidiary of McLarens Holdings Limited.

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