IDB to set up three regional industrial estates
The Industrial Development Board (IDB) will set
up three industrial estates within the next three years in the
North, North Central and Southern provinces, said IDB Chairman Nawaz
Rajabdeen. The IDB comprising around 19 industrial estates across
the country is a public institution supporting the development of
small and medium scale industries which form the backbone of the
country's economy.
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Unsubstantiated shipping surcharges:
GSF calls for Govt intervention
At its recent annual meeting in Los Angeles, the
Global Shippers’ Forum (GSF) agreed to organise a new global
campaign to confront the imposition of unsubstantiated shipping
surcharges, terminal charges and more than 20 other non-negotiable
local charges on shippers worldwide.
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CICT to attract TEUs from Chittagong
Construction work on the third stage of the
Colombo International Container Terminal (CICT) of the Colombo port,
the first and only deep water terminal in the South Asia region, has
been completed and a ceremony will be held next week to mark the
occasion.
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Falling prices hit rubber industry
Despite rubber being one of the key productive
assets there is growing concern on the continuous decline in prices
since 2012. Although there had been a boom for nearly a decade, Sri
Lanka’s rubber prices have declined drastically in recent times.
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Global commitment to support urban resilience
Nine institutions including the World Bank and
the Global Facility for Disaster Reduction and Recovery (GFDRR)
recorded a new global collaboration at the World Urban Forum in
Medellin, Colombia, expressing their collective commitment to help
cities improve resilience to disaster and climate risks, and to
economic and other systemic shocks.
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