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Monday, 16 August 2010

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Construction field gets Rs 40 b

One million houses in next six years:

The Government will invest Rs 40 billion for the development of construction in the country next year, Construction, Engineering Services, Housing and Common Amenities Ministry Secretary Nissanka Wijeratne said.

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Loss of GSP+ facility:

‘Not a problem related to the way of doing business’

The loss of GSP+ facility is not a problem related to the way of doing business in the country, the Italian Ambassador said. “We understand that certain businesses will be affected by the withdrawal of GSP+ facility. We are concerned of the problem. However, we had to follow the majority in arriving at this decision.

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Mobitel makes Rs 336 m profit in Q2

Mobitel has recorded a profit before tax (PBT) of Rs 440 million, compared to the loss of Rs 34 million in the second quarter of the previous year in the second quarter. Profit after tax for the second quarter 2010 is Rs 336 million as against Rs 36 million loss in the second quarter of 2009, making an impressive turnaround.

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Experts say that there would not be much impact on Sri Lanka’s economy with the withdrawal of the GSP+ facility due to Government preparations on facing these type of challenges. Garments and Ceramics were some of the industries that enjoyed GSP+ facility for their products to EU countries. Here, apparel workers busy at work. ANCL file photo



 
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