The government is focused on improving exports and increasing the foreign direct investments (FDIs) as they don't believe in borrowing every year, International Trade Minister Malik Samarawickrama told a media briefing on Tuesday.
He pointed out that with most Asian nations moving rapidly the government is focused on increasing its exports and FDI and moving into modern technology.
Mr. Samarawickrama said that Sri Lanka had performed better compared to the first half of last year in terms of exports achieving US$8.4 billion in revenue with a growth rate of 11.4 per cent.
However, he pointed out that Sri Lanka was faced with a number of issues like natural disasters, a constitutional coup and the Easter Sunday tragedy that impacted investor confidence.
The minister was confident of some substantial investment coming into the country and noted that they expect exports to reach 20 per cent of GDP and $20 billion revenue by the end of the year.
The ultimate objective is to increase the country's exports to $28 billion by the year 2022. (SD)
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
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Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
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