The MAS Apparel Group is currently negotiating
with three more international manufacturers to set up three
factories within its Thulhiriya Fabric Park. Negotiations are going
on for the setting up of a dyeing and finishing plant and the other
two will be fabric plants, MAS Fabric Park (Pvt) Ltd Chief Executive
Officer Dulindra Fernando told Daily News Business yesterday.
Three frontline Primary Dealers, in individual
interviews with Daily News Business yesterday, hailed the Government
decision to liberalise the Treasury bill market to foreign
investors, claiming that it was a move in the right direction.
Changing marketing strategies to connect customers
Consumer behavior is changing rapidly and
therefore marketers have to change strategies to connect the
consumers, said Lecturer, the Faculty Department of Marketing,
Monash University in Australia, Michael Morrison.
Morrison presenting
the keynote speech. Picture by Saliya Rupasinghe.
GDP at current
market prices is estimated at Rs. 3.578 billion in 2007,
an increase of 21.8 per cent, reflecting the expansion
in real economic activity and an increase in the general
price level. The overall inflation as measured by the
GDP deflator was 14.0 per cent in comparison to 11.3 per
cent recorded in 2006. Accordingly, given the mid year
population of 20,010 thousand, GDP per capita for 2007
is estimated at Rs. 178,830, an increase of 21.0 per
cent which is well above the increase in the general
price level, indicating an overall improvement in living
standards, on average. In US dollar terms, per capita
GDP increased by 13.7 per cent, from US dollars 1,421 to
US dollars 1,617 in 2007. Accordingly, Sri Lanka moved
further up as a country of lower middle income category
bound by per capita income of US dollars 756 and 2,995
as per World Bank classification. (Central Bank Annual
Report 2008)
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