SL’s economy grows 6.7% in 2Q
Sri Lanka’s economy grew 6.7% in the second
quarter of the year, compared to 4.4% in the first quarter, and the
Gross Domestic Product (GDP) during the April-June quarter (2Q15)
grew by 6.7 percent compared to the corresponding quarter last year
with the three pillars of the economy — agriculture, industry and
services — performing better,
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GSP Plus facility:
‘Sub-Committee to finalise application soon’
The Sub-Committee formed by the Department of
Commerce, to have the GSP Plus benefit restored, is preparing the
draft application which includes a comprehensive report on the
issues raised by the European Union, Director General, Department of
Commerce, Sonali Wijeratne told the Sunday Observer.
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‘Country pushed into crippling debt’:
Drastic policy reforms vital
Sri Lanka is enjoying the most propitious
circumstances for development, unprecedented when taking into
account the past 50 years and the best use of this period could only
be brought about by drastic policy reforms. “The welfare State was
no longer affordable. However, many people would refer to the
welfare State as ‘the Sri Lankan way’ of looking after its people by
giving them the financial support they needed and were not willing
to give it up just yet,”
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Defeated elements trying to revive ‘defamed
political image’:
No CEPA talks with India - Samarawickrema
The Sri Lankan government clarified that the
CEPA with India was not on the agenda during Prime Minister Ranil
Wickremesinghe’s visit to New Delhi last week. Minister of
Development Strategy and International Trade, Malik Samarawickrema
said that there was no discussion or signing of any agreements on
the controversial trade agreement with India during the PM’s visit.
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Orion Towers to position Lanka as IT/BPO destination
The Orion Towers will be constructed with an
investment of US $ 70 million to add 1 million square feet to the
Orion IT Park in Dematagoda. It is due to be completed within three
years. The first phase is expected to be completed in 2017. Having
introduced Sri Lanka’s first IT Park in 2009,
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