Central Bank takes precautions

The Central Bank (CB) has taken precautions mindful of the adverse impact of the sharp devaluation of the Indian rupee. According to the CB, the Sri Lankan rupee appreciated by 20 percent against the Indian rupee from January to August 30. Appreciation during this month alone was 10.75 percent.

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'Lanka on unprecedented growth path'

Central Bank Governor Ajith Nivard Cabraal said Sri Lanka has become one of the fastest growing economies in the world during the past five years. The country has invested $ 3 billion in the North, re-building the province which was way behind. The country strives to maintain sustainable growth and is open for business on a continuous basis.

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Loans for dairy farmers

Amidst the extensive debate on the safety of powdered milk and ambitious plans of the government to achieve self-sufficiency in milk, the Central Bank of Sri Lanka (CBSL) last week launched a loan scheme for commercial scale dairy producers.

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Call to reduce duty on vehicle imports

The Ceylon Motor Traders Association (CMTA) in its 2014 Budget proposals has called upon the government to bring down the age limit to import used cars from two to one year and commercial vehicles from three and half to two years, CMTA, President, Tilak Gunasekera said.

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Biz - Talk

An effective leader is a versatile actor

Leadership can take many forms, but my focus is on those who manage people. It means coordinating and motivating the actions of others to achieve a common goal – it sounds easy but - one of the most difficult of all tasks. Most leaders have a natural leadership style.

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