Regional development vital to keep up balanced economy
The GDP domination of the Western Province should
be dispersed equitably among other provinces as well. This will
eliminate the crisis of inequity in poverty level and the
development, Governor of Central Bank, Ajith Nivard Cabraal said at
a session organised by the Sri Lanka Economic Association at the
BMICH, on the theme of inequity, poverty and development.
Battered jeans earn big bucks for Sri Lanka
The denims look ta- ttered and frayed, but
shoppers in Europe and the United States are prepared to pay good
money for “distressed” jeans and Sri Lanka is cashing in. In the
industrial town of Avissawella it takes workers around 13 minutes to
cut and sew basic five-pocket denims.
Hayleys hits with pre-tax profit of Rs.185m
Hayleys PLC, the di- versified Sri Lankan
multinational has reported a turnover of Rs. 6,650 million and a
pre-tax profit of Rs. 185 million for the first quarter of 2007-08,
in a measured start to the current financial year.