GDP records 7.1 percent growth in Q1
The economic output of Sri Lanka as measured by
Gross Domestic Product (GDP) for the first quarter (Q1)
(January-March), of 2010 at constant (2002) prices is estimated at
Rs. 643,539 million as against Rs. 601,084 million in the first
quarter of 2009, registering a 7.1 percent growth, the Census and
Statistics Department said.
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Fruit, vegetable exports see marked increase
NCE targets Rs 10 b revenue by 2020:
Vegetable and fruit exports have recorded an
eight percent growth compared to last year during the first five
months in this year. National Chamber of Exporters of Sri Lanka (NCE)
president Sarath de Silva said Lanka’s vegetable and fruit industry
has been earning Rs 3,000 million annually. The National Chamber of
Exporters targets a revenue of Rs 10 billion by 2020. In 2010, there
is eight percent growth in vegetable and fruit industry when
compared to last year.
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flydubai inaugurates flights to Dubai
Low cost budget airlines to stimulate market:
Low cost budget airlines will stimulate the
market and it has a positive impact on the growth of the aviation
industry. The political stability of Sri Lanka will fuel growth in
the travel sector where low cost budget airlines can play a dominant
role. flydubai, Dubai’s first low cost airline inaugurated its
flight to Colombo last week to facilitate the heavy migrant traffic,
flydubai CEO Ghaith Al Ghaith said.
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