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Ethanol to drive Lankan cars

Leading entrepreneur suggests sugarcane cultivation:

Chairman Pelwatte Sugar Industries Ltd Ariyaseela Wickramanayake has submitted a proposal where the country's full requirement of fuel can be produced by cultivating 65,000 hectares of sugarcane while fulfilling the total requirement of sugar for the country and producing more than 150 megawatts of electricity.

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'Women's Wing' to uplift women entrepreneurs

The National Chamber of Commerce in Sri Lanka inaugurated the 'Women's Wing' project to recognise the hidden talents of women and assist them in business enterprises.

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Unit Trust industry collects Rs 1.8 billion

The member firms of the Unit Trust Association of Sri Lanka had a successful financial year in 2007/08 having launched three new closed end funds. The overall collection by member companies from 585 unit holders exceeded Rs 1.8 billion, the Association said.

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A sugar cane plantation

The savings-investment gap as a per cent of GDP, improved during 2007. The government managed to reduce its dis-savings, thus helping to raise overall domestic savings. However, the still high domestic savings-investment gap of around 10 per cent highlights the important role played by foreign capital and worker remittance inflows in filling the required gap in investment in order to achieve the desired rate of economic growth. The gross domestic investments at 28 per cent of GDP remained at a level almost similar to 2006, while the domestic savings ratio improved to 17.6 per cent in 2007 from 17.0 per cent in 2006. Source: Central Bank Annual Report 2008

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