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In Asia-Pacific region:
Red tape amounts to $ 350 bn annually
The hidden cost of red tape amounts to as much as
15 % of the value of goods being exported or over $ 350 billion in
monetary terms, a year, in the developing Asia-Pacific region, said
Ravi Ratnayake, Director, Trade and Investment Division, The
Economic and Social Commission for Asia and the Pacific (ESCAP).
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President Rajapaksa meets Sri Lankan Business Council in Dubai
President Mahinda Rajapaksa on a state visit to
attend the World Energy Forum in Dubai was invited for a banquet
organized by the Sri Lankan Consulate General in Dubai & Northern
Emirates to meet the senior members of the Sri Lankan Community
living in the United Arab Emirates.
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Brandix Casualwear Giritale reaches ‘Green’ milestone
Brandix Casualwear Ltd, Giritalé, has been
accorded an ‘Eco Factory Attribute’ by Marks & Spencer (M&S), in
recognition of its achievements in environmental sustainability and
preservation. Strategically making use of its natural surroundings,
Brandix’s Giritalé plant secured the M&S Eco Factory Attribute
awarded under the latter’s ‘Plan A’ initiative,
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Kramski invests Rs 160 mn in factory expansion
Kramski Lanka (Private) Limited, a premier
German venture in Katunayake Export Promotion Zone has launched the
construction work on a new factory building estimated to cost Rs.160
million to increase its production capacity in Sri Lanka.
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