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Tuesday, 24 July 2012

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Lanka successful in meeting growth targets -IMF

Sri Lankan authorities have been successful in meeting the guidelines laid out by the International Monetary Fund (IMF) in reaching the growth targets with decrease in inflation, building up reserves, meeting fiscal and debt ratios. However, the relaxed fiscal policy in the early period was back inline with original goals, IMF Resident Representative Dr. Koshy Mathai said announcing the completion of the IMF Stand –By Agreement programme.

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Lanka to complete awarding of more oil blocks

Sri Lanka says, it is planning to complete the awarding of more oil blocks to potential explorers by June 2013, while the licensing round towards this is expected to start in November or December this year.

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Janashakthi Insurance bags international awards

Janashakthi Insurance, one of Sri Lanka's largest listed insurers, continues its winning streak to emerge the triumphant winner of two prestigious awards for Corporate Social Responsibility and Exceptional Branding and Marketing at the recently concluded CMO (Chief Marketing Officer Council) Asia Awards held in Singapore.

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With permanent peace and the free movement of goods, red onion growers in Jaffna are now finding markets in the South and are getting better returns for their harvest. The growers are awaiting more quality hybrid varieties from the Agrarian Reserve Institute to increase their produce. Here some farmers with their bumper harvest. Picture by Shirajiv Sirimane



 
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