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Wednesday, 17 November 2010

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External trade sees recovery

CB holds policy interest rates steady:

The Monetary Board has decided to maintain policy interest rates of the Central Bank unchanged at their current levels due to the improved economic activities in the country. Accordingly, the Repurchase rate and the Reverse Repurchase rate of the Central Bank would remain at 7.25 percent and 9.00 percent, respectively.

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CIC Agri Businesses ventures North

Two agri centres in Jaffna:

CIC Agri Businesses has invested Rs 40 million in developing two agri service centres in Kilinochchi and Jaffna. They have formed a separate company named CIC North and East Agri Development, under CIC Agri Businesses.

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Climate change adaptation to cost Rs 47.7 billion

Action plan from 2011 to 2016:

An estimated Rs 47.7 billion will be required to implement the National Climate Change Adaptation Strategy (NCCAS) of the country over its six year duration. NCCAS Team Leader Nayana Mawilmada said the majority of these financial resources will be channelled directly to the agencies and stakeholders to finance and implement climate change adaptation interventions of varied scale.

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There is brisk import and export activities in the Colombo Harbour with more shipping lines and vessels calling over at this busy Port. Picture by Saliya Rupasinghe



 
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