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Tuesday, 12 May 2009

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Penal interest on bank borrowings:

CNCI calls for SME respite

The Ceylon National Chamber of Industries (CNCI) has called upon the Government to provide a respite to the SME sector on the penal interest for bank borrowings, which is running more than 30 percent to sustain the sector.

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Investor friendly policies lead to phenomenal FDI inflows - BOI Deputy Chief

Investor friendly policies, simplified systems and procedures and business-like attitudes adopted by the BOI Sri Lanka over the past few years led to phenomenal growth of FDI inflows.

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Construction Chamber produces 893 NVQ Level III craftsmen

The Chamber of Construction Industry (CCI) in collaboration with the Bioforce Development Institute of France under a post tsunami livelihood development program funded by the French Red Cross operated four construction craftsmen training centres in the districts of Kalutara, Galle, Matara and Hambatota.

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The BOI achieved the highest FDI inflow in 2008, which reached US$ 889 Mn. This was achieved in a year when worldwide FDI inflows were down by 15 percent. FDI contributes heavily to employment generation in the country. Here a group of workers busy at work in a factory in the Biyagama Export Processing Zone. Picture by Sumanachandra Ariyawansa.



 
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