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Tuesday, 28 July 2009

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IMF loan will boost economy

The USD 2.6 billion Stand-By Arrangement (SBA) Facility will strengthen future economic activities in the country said Governor Central Bank of Sri Lanka Ajith Cabraal.

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Compared to countries in the region:

Fewer women participate in Stock Exchange activities

The participation of women in the Stock Market is at a low level compared to countries in the region such as Thailand, Taiwan and Hong Kong, said the Director General of the Securities and Exchange Commission (SEC), Channa De Silva.

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Focus on new ventures in North and East:

Japan to strengthen trade with Sri Lanka

A Japanese trade delegation recently met Prime Minister Ratnasiri Wickramanayake, BOI and RDA officials and also visited the Agro-Tourism project in Hambantota recently with the newly appointed Consul General for Sri Lanka in Osaka, Japan, D.W. Aluthgamage.

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CSC main benchmark index reaches high

The Colombo Stock Exchange’s CSC main benchmark index reached another 12-month high as investors continued to be positive on the nation’s economy.

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The Ministry of Plantation Industries held discussions with ambassadors of tea importing countries to obtain higher prices for good quality teas produced by Sri Lanka reaching the world market. Compared to the prices of tea in January this year, Sri Lanka’s teas have fetched higher prices in the world market. Teas fetched around Rs. 280 per kg in January, while it has now increased to around Rs. 320 per kg. During the past six months Sri Lanka has produced over 130 million kgs of tea. According to a report of the Sri Lanka Tea Board, tea production last month alone was 23.6 million kgs while the total production in the first six months last year was 171.8 million Kgs. Here a kangani weighs the tea leaves handed over by tea pluckers at the Kelani Valley Plantation in Nuwara Eliya. Picture by Sumanachandra Ariyawansa



 
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