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FUNDING

The fisheries sector is expecting $ one billion from exports this year. In a bid to promote fisheries sector and give a better living standard to local fishermen and increase exports Hellenic Aid, would be funding three projects in the fishing sector in cooperation with the Ministry of Fisheries and Aquatic Resources. A Memorandum of Understanding was signed between the Minister of Fisheries and the Head of Hellenic Aid Special Mission to Colombo of the Embassy of Greece in New Delhi, Minister Counsellor- Development Cooperation George Filippeos. The Minister of Fisheries and Aquatic Resources Felix Perera, and the Head of Hellenic Aid Special Mission to Colombo of the Embassy of Greece in New Delhi, Minister Counsellor- Development Cooperation, George Filippeos and the Chairman of the Greek INGO HUMANET Nikolaos Raptis signing the agreement.

Payment system modernization - an urgent need - Deputy Governor, CBSL

‘We need not wait till the SAARC region’s trade and investment flows rise significantly to modernize our payment systems, said Deputy Governor of Central bank of Sri Lanka Dr. Ranee Jayamaha at the inaugural session of the SAARC Financial Conference held last week in Colombo.

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Reforestation plan for tea plantations

With a volume of 6.45 Mkg arriving at the Colombo Auction this week, a continuous pattern of quantities of between six and seven million kilos has been evident since the latter part of May. This weeks Ex-estate quantities totalled 1.07 Mkgs.

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SLT-People’s Bank tie up for telecom solution

Sri Lanka Telecom, the nation’s premier telecommunications provider, signed an agreement with People’s Bank, to provide a total telecommunications solution for the Bank’s Head Office and island wide branch network.

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