Daily News Online

Tuesday, 1 February 2011



Boost for SMI sector industries

The Government aims at upgrading 5000 small industries to medium level and 200 medium level industries to large scale industries on an annual basis. Traditional Industries and Small Enterprise Development Ministry Secretary V Sivagnanasothy said the SME sector is a prime force of value creation in the economic development of the country and the sector will be stimulated by improving marketing opportunities through promoting backward and forward linkages with large scale and foreign enterprises.

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Remarkable progress for business now

Sri Lanka has shown remarkable progress in the past one and a half years. Businesses have been performing outstandingly with increased inflows of foreign investments, Hilton Colombo Residence General Manager Manesh Fernando told Daily News Business.

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Softlogic IPO in March

The banking sector in Sri Lanka needs to consolidate to support the rapid economic development in the country, Softlogic Holdings Chairman and Managing Director Ashok Pathirage told Daily News Business.

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Regional associations to help small scale industrialists

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