CBF, a boon for Lanka
The local and international business community
hailed the success of the Commonwealth Business Forum (CBF) held on
the sidelines of the Commonwealth Heads Of Government Meeting
(CHOGM) as a big opportunity to position the country as hub for
trade and investments.
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2014 Budget: TEA wants more recognition
Tea export revenue this year will surpass last
year's figures with an income of around US$ 1.7 billion by the end
of the year, Tea Exporters Association (TEA), President Rohan
Fernando said. He said that tea export performance has been good
this year despite many global challenges especially the crisis in
the Middle East which is a big market for Ceylon Tea.
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Exports regain in first nine months
Sri Lanka’s external sector recorded
satisfactory progress in September 2013. The trade deficit continued
to narrow during the first nine months this year as a result of a
strong growth in exports, a Central Bank report stated. The current
account deficit declined, primarily due to the shrinking of the
deficit in the trade account,
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Lanka’s turn to shine on world stage
Sri Lanka is becoming a destination for trade,
commerce and tourism and the Sri Lankan authorities are working hard
to achieve this goal, said Crown Resorts, Chairman, James Packer at
the Commonwealth Business Forum (CBF).
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7.8% economic growth in 3Q
The Department of Census and Statistics said
that the GDP growth rate in the third quarter of 2013 was 7.8
percent, according to the latest report of the quarterly national
accounts. The economic output of Sri Lanka as measured by Gross
Domestic Product (GDP) for the third quarter (3Q) (July--September)
of 2013 at constant (2002 = 100) prices is estimated at Rs. 845,269
million against Rs. 784,422 million in the 3Q of 2012. It was a 7.8
percent growth,
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