Fiscal consolidation - focal point of Budget
The government has taken steps on fiscal
management with specific targets for a three-year period to spur
economic development in the country, Deputy Finance Minister Dr.
Sarath Amunugama told a panel discussion on Budget 2014 conducted by
the Ceylon Chamber of Commerce last week.
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Drop in some essential commodity prices
Amidst comments and criticism on the tax burden
and resulting price increases in consumer goods, price movements of
some essential commodities in the Pettah wholesale market shows
increases and sharp declines. With the surge of imports, prices of
big onion, red onion and potatoes have declined sharply and the
wholesale price of big onions has declined to between Rs. 80-85 per
kg from around Rs. 200 per kg a few weeks ago.
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Eastern development:
More foreign investments in the pipeline
Steps will be taken to fast track foreign and
local investment in the business, tourism and fisheries sectors
considering the investment potential for these sectors in the
Eastern Province, said Eastern PC Minister Naseer Ahamed who
completed one year in office as Minister of Agriculture, Animal
Production, Small Industries Development, Fisheries and Tourism.
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APITR focuses on inclusive trade in Asia Pacific
The ‘Asia-Pacific Trade and Investment Report
2013’ (APITR) was launched on Tuesday at a conference organised by
the Institute of Policy Studies of Sri Lanka (IPS) and Asia Pacific
Research and Training Network on Trade (ARTNeT).
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DFCC Group ventures overseas:
Selected as consultant to Fiji’s Home Finance Company
The DFCC Group has been selected as consultants
in the transformation of the Home Finance Company (HFC) of Fiji, a
state-owned financial institution with a limited offering of
products and services. DFCC with its subsidiaries Vardhana Bank and
Synapsys has entered into a management contract with HFC, and will
provide technical and advisory services in the areas of IT,
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Access Projects completes Taj refurbishment
Access Projects (Pvt) Ltd recently completed the
refurbishment of three floors of Hotel Taj Samudra in less than six
months, in time for the recently-concluded Commonwealth Heads of
Government Meeting. Access Projects renovated three floors, the
lobbies on each floor and 86 rooms, including one presidential
suite, an executive lounge and 14 suites.
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