in brief
SMED - EDB workshop for jewellers
WORKSHOP: The Small and Medium Entrepreneur Developers had provided
technical support at a technology transfer workshop for the jewellery
manufacturers at Mawaramandiya, Gampaha district recently.
The workshop was organised by the Export Development Board.
Consultant of SMED, Mihindu Gunasena provided technical knowledge on
silver, gold and rhodium plating on jewellery items and also carried out
a demonstration at the workshop.
SMED which was established in 1989 by Friendrich Naumann Stiftung (FNSt)
as an arm of the Federation of Chambers of Commerce and Industry of Sri
Lanka (FCCISL), has been providing many services to SMEs and in general
business and industry of Sri Lanka.
Reserve money targets achieved - Central Bank
ACHIEVEMENT: The reserve money target as at 31 of May 2007 was Rs.
250.4 billion, whereas the realised reserve money as at that date was Rs.
246.2 billion, a Central Bank Press release states.
This is an outcome of the maintenance of a tight monetary policy
stance. Furthermore, it is now clear that the target of Rs. 250.4
billion set for June 2007 can be achieved comfortably. The achievement
of reserve money targets will lead to the continuous deceleration of the
growth in broad money and inflation.
The Central Bank has published its quarterly reserve money targets
for 2007. In addition, the Central Bank maintains a monthly indicative
targeted path for reserve money to guide the monetary policy, the press
release states.
ISF AGM on 8th
AGM: The Industrial Security Foundation (ISF), body corporate for
commercial and industrial security trade will hold its 15th Annual
General Meeting on 8 June. This will be followed by enrolment of new
members.
The ISF offers Associate, Ordinary, Life and Corporate Membership.
Those who are eligible for membership are, persons employed or who had
been employed in the field of commercial and industrial security at an
executive level, defence services including police or those who have
passed examinations recognized by the Executive Committee.
China outbound investment to rise
INVESTMENT: China’s overseas investment is expected to grow at least
30 percent in 2007, as the government continues to encourage local
companies to expand abroad, State media said Tuesday.
This year overseas investment made by Chinese enterprises is likely
to exceed 20.9 billion dollars, said Chen Jian, assistant minister of
commerce, according to the Shanghai Securities News.
The ministry’s 11th five-year plan, starting from 2006, also forecast
the aggregate direct overseas investment by Chinese companies will top
60 billion dollars by 2010, he added. China’s direct overseas investment
started to boom from 2005, when the figure jumped 123 percent from 2004
to 12.3 billion dollars.
(A.F.P.) |
