Thursday, 31st July 2014

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Business Editor: 0094 11 242 9221 / E mail: business@dailynews.lk

Business

President Mahinda Rajapaksa presented special mementos to the member companies who have been members for over 100 years with the Ceylon Chamber of Commerce when it celebrated its 175th anniversary at the Cinnamon Grand held on Tuesday. Ceylon Chamber of Commerce Chairman Suresh Shah lookson. Picture by Nalin Hewapathirana
The government has now drawn up plans to take the country’s economic development into the next level by 2020 and has already laid the foundation for it by investing heavily on infrastructure projects in the country, President Mahinda Rajapaksa said. “We always took long-term decisions to develop the country and never looked at short term gains or the next election. As a result of this Sri Lanka was able to develop to a greater extent and is now going through a rapid transformation to increase the standard of living of the people in the country,” President Rajapaksa said speaking at the Ceylon...
Sri Lanka's economic growth has been one of the fastest among Asia's developing economies in recent years. Real GDP growth has accelerated to 7.3 percent in 2013 driven primarily by a pickup in services activity and supported by manufacturing and construction, but also benefiting from an increase in net exports, the International Monetary Fund (IMF)said yesterday. The Executive Board of the International Monetary Fund (IMF)has therefore concluded its Article IV consultation and second Post-Program Monitoring discussion with Sri Lanka and considered and endorsed the staff appraisal without a...