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Wednesday, 18 July 2018 05:51

SL-Singapore FTA need of the hour: Malik

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The Free Trade Agreement (FTA) signed between Sri Lanka and Singapore to liberalise and facilitate trade and investments between the two countries was identified as the need of the hour and driving force to reach development targets, Strategic Development and International Trade Minister Malik Samarawickrama told Parliament yesterday, rejecting any downsides from the agreement which received Cabinet approval on 16 January 2018.

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Sri Lanka has won the first ever revocation of countervailing duty imposed in the US for a Lankan export, under a case filed by the Department of Commerce to assist its tyre exports.The US Court of International Trade on 11 July ruled that the 0.95% countervailing duty attributed to the guaranteed price scheme on the import of off-road OTR tyres from Sri Lanka be removed.

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Diversified blue chip Hayleys Plc will be raising Rs. 4 billion via the issuance of a listed debenture, the subscriptions for which are open from today.

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Business leader and logistics industry veteran Mohan Pandithage, Chairman and Chief Executive of Hayleys Plc, last night was bestowed with the first-ever Chartered Institute of Logistics and Transport (CILT) Sri Lanka Pinnacle Award.

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Giant hotelier Jetwing is embarking on a pioneering journey to the luxury resort condominium market with a Rs. 4.5 billion investment to build a 122-unit project in Thalahena, Negombo.

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Japanese Sri Lanka Friendship (JSF) Corporation, a Board of Investment Company, will commence operations at its production facility in Katunayake next week, becoming Sri Lanka’s first and sole manufacturer of solar panels.

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Early Childhood Development (ECD) is of great importance to Sri Lanka as it has the potential to improve school learning outcomes, which can have long lasting effects on the well-being of the population, Minister of Finance and Media Hon. Mangala Samaraweera said yesterday.

Tuesday, 17 July 2018 05:55

I express my sincere apologies - Mangala

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In response to a question on the restoration of Capital Punishment for drug dealers at a press conference last week, while reiterating my opposition to Capital Punishment, I said that certain individuals connected to the drug trade try to cover their sins by being benefactors of society, holding high positions in various organizations or as philanthropists in religious organizations. Inadvertently, I also mentioned Rotarians and Lions Clubs, which I deeply regret.

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Sri Lanka is gearing to reap the benefits of the Free Trade Agreement with Singapore, with four mega projects being discussed by the Board of Investment (BOI).

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Exporters last week said that their plea to usher in a new era had failed to move the Government into action, as the country seems to be stuck in political limbo with a wait-and-see mindset.

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