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Tuesday, 6 November 2012


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SL targets increase in tourist arrivals

Sri Lanka is targeting an increase of over 5 % arrivals from the United Kingdom this year. Already the market has shown a 3.5 % increase up to September 2012 with arrivals to Sri Lanka followed by India. ‘This is an important market for Sri Lanka and the WTM would be a launching pad to increase arrivals from this market,’ said Deputy Minister of Economic Development Lakshman Yapa Abeywardane.

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Serendib Horticulture Technologies consolidates trade overseas

Serendib Horticulture Technologies, has now consolidated its operations in Rwanda. Over the past 10 months, the company has exported over 500,000 fruit plants to Rwanda. These are mainly local varieties of fruits, Serendib Horticulture Technologies Chairman Dilip de Silva said.

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ADB to finance Lanka’s trade facilitation upgrade

ADB is to finance Sri Lanka’s trade facilitation upgrade by committing almost 20 % of its global trade facilitation budget solely to Sri Lanka. “As of end of 2011, ADB assisted Sri Lanka’s Industry with more than $ 243 million and for trade, $ 555 million from Y2008. Also, ADB’s assistance scheme using our banking sector is a model to be adopted in our industries.

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Islamic banking assets to reach $ 1.5 billion

Sri Lankan Islamic banking assets would reach $ 1.5 billion from the present $ 250 million in coming years, says Amana Bank Chief Executive officer Faizal Salieh. Of the country’s 21.5 million people, about 8 % are Muslim and there is a strong demand for Islamic financial products from the Muslim population as well as from non-Muslims.

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Deputy Minister of Economic Affairs, Lakshman Yapa Abeywardane, Sri Lankan High Commissioner to the UK Dr Chris Nonis, Chairman, SriLankan Airlines, Nishantha Wickramasinghe, Nalin Perera, Customer Relations Officer, Sri Lanka Tourism UK along with other stakeholders at the WTM opening ceremony yesterday in London. Picture by Shirajiv Sirimane

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