Move to identify active companies:
Re-registration of companies vital
The re-registration of companies under the new
Act No. 7 of 2007 has become vital to identify the active companies
in Sri Lanka. The company registration started in 1861 under the
Joint Stock Companies Ordinance and until the implementation of the
new Act in 2007, there were 66,496 registered companies with the
Department of Registrar General of Companies.
APCAC/AmCham delegation in Sri Lanka
Investment by US companies to grow
The investment by the US corporations in Sri
Lanka is expected to touch US$ one billion in the next five years.
Currently, over 90 US corporations operating in Sri Lanka have made
a cumulative investment of US$ 200 million, said APCAC Asia Pacific
Vice President, Immediate Past President of AmCham India and head of
a 16-member visiting delegation of the Asia-Pacific Council of
American Chambers of Commerce (APCAC); and American Chamber of
Commerce in (AmCham)India Atul Singh to media.
Demand for land likely to go up:
Gradual decrease in land transactions
There has been a gradual decrease in land market
transactions in the past two years. Purchasing land was considered
an investment. However, with the drop in interest rates there is a
likelihood that the demand for lands will go up, a spokesman for the
Department of Valuation told Daily News Business.
NGJA provides incentives to the trade:
Bigger demand for gem and jewellery exports
Due to the global economic downturn during the
past year, gem and jewellery exports have not shown rapid growth,
but with some of the main gem and jewellery importing economies
recovering gradually, the demand for gem and jewellery has increased
this year compared to last year, National Gem and Jewellery
Authority, Manager-Exports, Rohan Pitigala told Daily News Business.
He said there is a great demand for gem stones of over five karats
as it includes the investment values.