Business
Sri Lanka needs CEPA more than India: Outgoing Indian HC
* Negative perceptions about FTA must be buried deep, apprehensions about CEPA baseless, says Kantha
May 22, 2013, 12:00 pm
Outgoing Indian High Commissioner Ashok K. Kantha says Sri Lanka needed to enter into a comprehensive economic partnership agreement (CEPA) between the two countries, more so than India did, because economic growth prospects are linked with that of Asia and the ASEAN grouping.
"The rest of the world does not wait for us. India has signed Comprehensive Economic Partnership Agreements (CEPAs) with many other countries. I myself was involved in launching CEPA talks with Japan, Korea and Malaysia and all three came to fruition. Therefore I feel little uncomfortable that there are so many completely baseless apprehensions about a more comprehensive framework in forming business relations with other countries. Sri Lanka perhaps needs that framework (CEPA) more than India does," Kantha said recently at a function in Colombo to unveil a handbook on the ISFTA.
Read More...Govt. gets US$580mn loan from China
May 22, 2013, 8:29 pm
The government has signed a deal with China Development Bank to borrow 580 million US dollars in 2013 for projects in 2013, the state information office said.
UK based Volume invests Rs. 200mn to shift development arm to Colombo
May 22, 2013, 8:31 pm
Satisfied with Sri Lanka’s progress and after a test run UK based Volume expands its business in the country investing more than Rs. 200 million, providing employment to 25 producers.
SLT’s 100Mbps super-fast broadband internet goes live
May 22, 2013, 8:33 pm
Celebrating ‘World Telecommunication and Information Society Day (WTISD) last week, the National Telecommunication Service Provider – Sri Lanka Telecom (SLT) announced the soft launch of its VDSL2 (Very-High-Bit-Rate Digital Subsc...
Kingslake iTea Forum 2013 brings together tea professionals
May 22, 2013, 12:00 pm
Kingslake, in partnership with Infor USA hosted The Kingslake iTea Forum recently in Colombo. Over 75 tea professionals, representing the cream of the local tea industry including tea exporters and brokers, participated.
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Decision Making in the Public Service
May 22, 2013, 8:42 pm
"Before you give birth to a child you make a decision; before you name the child you make a decision; before you admit the child into a school you make a decision; before the child sits for an exam you make a decision; before you start court...
Smallholders abandon tea for cinnamon
May 22, 2013, 8:30 pm
Tea smallholders, who account for nearly 70 percent of Sri Lanka’s tea production, said they wanted to shift to planting cinnamon as they were incurring huge losses due to the non-availability of fertilizer and the recent wage hike.
Sunil Wijesinha Chairman at Watawala
May 22, 2013, 8:32 pm
Sunil Wijesinha has been appointed Chairman of Watawala Plantations PLC with effect from May 20 after Govindasamy Sathasivam who had been the Chairman of Watawala Plantations PLC since 1996 retired from the post.
Bourse down 0.31%
May 22, 2013, 8:33 pm
The All Share Price Index (ASPI) gained 0.31 percent on Wednesday amidst a drop in activity levels with trades in Com Bank, Cargills and Sampath Bank accounting for over 44 percent of the day’s turnover.
Oil falls below $96
May 22, 2013, 8:34 pm
BANGKOK (AP) — The price of oil fell Wednesday as investors waited for a report on U.S. crude stocks and the Federal Reserve’s latest views on the U.S. economy.
Registered political parties’ accounts audited
May 22, 2013, 8:45 pm
I am happy to note that it has been suggested that all registered / approved political parties should have their accounts audited annually by professional auditors. Any organization even Club Association, Charitable Organisation should main...
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