Category: Economics
High demand for bottled Palmyrah Cream
The Production unit of the Palmyrah Development Board, said that the palmyrah cream produced during last year’s season had been bottled safely and is being issued to consumers now. Board extracted...
Facebook’s value dropped £41 billion last week
Subash Shangary, Managing Director, Berkeley Private Wealth, 23, Berkeley Square, Mayfair, London, W1J 6HE Facebook as we all know is one of the most popular social media platforms to date....
Project for modernizing Grapes cultivation in Jaffna
The Secretary to the NPC Ministry of Agriculture, S.Sathiyaseelan has said that projects for modernizing the grapes cultivation and the Palmyra based products will be undertaken stage by stage. He...
Palmyrah Jaggery ( Panai Vellam) produced in Jaffna, sold out on the day of the production itself
High demand exists among Foreigners and Southerners in recent times. All Vellam (sugar) produced are being sold out on the day of the production itself, it is learnt. Seasonal production of Palmyrah...
Annasi harvest at Arasapuram
Pineapple (Annasi) which had been cultivated at Arasapuram, Poonakary, Kilinochchi have been harvested on a commercial basis. A ¼ acre plot which was cultivated with Annasi, in Arasapuram,...
New variety mango trees given to 5,500 persons
The Agriculture Department of Jaffna District has introduced the cultivation of a new variety of “ Tommy EJC” Mango trees. So far 5,500 trees have been given to the people and the recipients...
Local consumers in Jaffna deprived of Sea Food
Sea Foods like Crabs, Cuttle Fish and Prawns have become rare species in the local fish markets. In the local markets of Jaffna, Crabs, Prawns and Cuttle fish are being sold at Rs.700, 1,400 and...
Abundant! 70,000 Kgs. of Palmyrah cream up to now, Manager Kopalakrishnan
The amount Palmyrah cream obtained from Palmyrah fruits collected by the Palmyrah Development Board this year had reached 70,000 Kgs. mark, up to now, this year, said the Palmyrah Development Board...
Special zone in Uduvil to harvest, ripen and sell mangoes safely: says Provincial Agricultural Research Officer
A special project is to be undertaken soon to harvest, ripen and sell mangoes in Jaffna. As a step stage, a special Zone is to be set up in Uduvil, it was announced in the Agricultural Coordinating...
5 Billion barrel crude oil and 9 Trillion natural gas in the sea beds of Mannar, says the Public Accounts Report
The Chairman of the Sri Lankan Public Accounts Committee , MP, Lasantha Alagiyawanna has announced that, it had been found out that there are 5 Billion (5x 10 9 ) barrels of crude oil and 9...
Diaspora Tamils eager to purchase Palmyrah Jaggery: says S.Thuraisingam, GM
The General Manager of the Kilinochchi Palm Development Cooperative Societies Union, S.Thuraisingam said that, now our migrated people are showing much interest in buying Palmyrah Jaggery . As the...
“London Tamil Market 2017” Ends on a High Note
Introduced for the first time in 2015, the “London Tamil Market 2017” was successfully held recently. Thousands of people thronged to the Harrow Leisure Centre to witness this crowning event on...
Interest on enterprises should be generated among women, Wigneswaran in the Anniversary of NORO Solutions
While saying that, motivation and interest should be generated amongst women of the Northern Province regarding Research and Outsourcing enterprises, the CM, NPC, C.V.Wigneswaran, also said that he...
Potatoes cultivated in 130 Hectares in Jaffna, says Director of Agriculture, Jaffna
Jaffna District Director of Agriculture, A.Selvarasa said that Potatoes cultivation has been undertaken in 130 hectares in Jaffna this time and 50% subsidy was granted to the Potatoes farmers. The...
Incentives for Murungai Export in North: Hayley’s Limited issues 1Million plants
Action has been taken to encourage Murunkai Cultivation through issuing 1 million Murunkai plants in the North. Haley’s Multi National company is inaugurating this project in the North by issuing...
5,436 Million expended in 2016 for 6,190 projects in Mullaitheevu District
The Government Agent of Mullaitheevu, Mrs. Rupawathy Ketheeswaran said yesterday that Out of the total 5,953.677 billion allocated for Mulaitheevu District,5,436.848 Million has been spent for...
Crops in 42, 000 acre has gone dry in Trincomalee
Paddy and other subsidiary crops cultivated on 42,000 acre in Trincomalee have gone dry due to the Monsoon rains have failed, said the Deputy Director of District Department Agriculture and...
Economic Center for North to be located in 2 places , suggests Ranil
The Prime Minister has suggested that to eliminate the uncertainty in deciding the location of the Economical Centre for North, the centre could be located in 2 places. It is also learnt from...
India and China to get special economic zones in Sri Lanka
India and China will be allotted Special Economic Zones in Sri Lanka for them to set up industries, the Minister International Trade and Strategic Development, Malik Samarawickrama told media on...
Singapore, Sri Lanka aim for trade deal
Singapore and Sri Lanka have started talks for a free trade pact, including measures to free up trade in goods and services as well as investments, the city-state’s trade minister says. Sri...
U.S.-Led Trade Pact Will Fail Without China: Sri Lanka PM
A U.S.-led trade pact that would cover about 40 percent of the global economy won’t be successful unless it includes China and India, Sri Lankan Prime Minister Ranil Wickremesinghe said. Speaking...
2nd Coconut triangle encompassing Jaffna-Mannar- Mullaitheevu declared yesterday
Minister of Plantations, Naveen Dissanayake yesterday declared Jaffna – Mannar – Mullaitheevu as the 2nd Coconut Triangle Region yesterday. The Minister who was a visit to Jaffna yesterday,...
EU Referendum: The Changes to your Finances
Subash Shangary (Managing Director, Berkeley Private Wealth, High Net Worth Wealth Management, Email: subash.shangary@berkeleypw.com) There will be an immediate impact on some but not all of our...
India’s engineering export to Sri Lanka decline by 90%
India’s engineering shipments to key markets like Sri Lanka, UAE and China plummeted in April amid a 19 per cent decline in the sector which slipped in terms of its contribution to the...
Sri Lanka to update bankruptcy law
Sri Lanka is to modernise its bankruptcy law to meet present day needs and improve conditions to do business in the island, a spokesman said. Media Minister Gayantha Karunathilake said provisions of...
Share Transaction Levy re-imposed
The Share Transaction Levy will be re-imposed from every buyer and seller on the turnover of every share trading transaction, Chief Operating Officer of the Colombo Stock Exchange Renuka...
Thousands of people participate in the “ London Tamil Market 2016”
Introduced for the first time successfully last year, the “London Tamil Market 2016” of the London Tamil Chamber of Commerce, had been held this year too, and concluded with a resounding success....
NPC CM Calls for institutionalised commercial ventures of the Tamil Diaspora
Chief Minister of Northern Province C.V. Wigneswaran yesterday called upon the Tamil people living all over the world to be institutionalised in their commercial ventures to win over the Tamil...
Sri Lanka seeks investment from Bangladeshi firms
The Sri Lankan government has invited Bangladeshi companies to invest in their country to boost ties between the two Saarc nations. The two countries have identified several areas of cooperation,...
Sri Lanka’s tax system is ‘pathetic’ and ‘regressive’: slams CB Governor Arjuna Mahendran
Sri Lanka’s Central Bank Governor Arjuna Mahendran on Thursday slammed Sri Lanka’s tax system as ‘pathetic’ and ‘regressive’ and said government revenue is still only 10% of GDP despite...
Why desalinization is inappropriate for Sri Lanka?
Eng. M. Sooriyasegaram We have plenty of water in Sri Lanka. In fact we have more water in Sri Lanka than we need for drinking, domestic uses, industrial uses and for agriculture. We have sufficient...
Bumper harvest of green gram in Mannar
A bumper harvest of green gram is reported from Mannar. Northern Provicne Agriculture Minister Aynkaranesan participated in a special event held in Nanatan in Mannar. The yield is estimated as 400...
Summarising Impacts and Recommendation on Lagoon Schemes in Jaffna Peninsula
Professor. R. Sivachanthiran (Rtd) – Director, Chithanaikoodam, Centre of Research & Development Jaffna Fresh water of lagoon schemes in Ariyalai and Thondamanaru were completed in 1955 and...
Footwear manufacturing Cooperative for the first time in Jaffna
A cooperative Society to produce footwear from rubber was inaugurated yesterday in Jaffna. UNDP had provided 3.45 million rupees for the inauguration of this cooperative. Earlier, the Anthran...
Northern Entrepreneur P.Nadaraja, owner of ‘Anna Coffee’ fame, no more
A role model entrepreneur, P.Nadarajah passed away yesterday in his 69th year. He rose from scrapes to be an industrialist, providing employment to hundreds of people. He was the founder of the Anna...
Promoting seaweed farming in the North
The United Nations Development Programme [UNDP] in Sri Lanka partnered with Hayleys Aquagri Pvt. Ltd., a subsidiary of Hayleys Group to expand Seaweed Farming in select islands in the Jaffna...
Sri Lanka needs foreign capitals: WB
In 2015 Srilanka expects an economic decrease by 6.9% due to building construction is expected to drop down. As reported by World Bank, when compared the national investment with government and...
Indian tourists doing business in Jaffna
Indians who arrive in the country on tourist visas are known to be engaged in peddling textiles in the Jaffna district and this impacting adversely on the business of local traders, Jaffna Mayor...
“London Tamil Market”-Trade Show, exhibition and variety show weekend
British Tamil Chamber of Commerce in collaboration with Narchyar Events is holding “London Tamil Market 2015”, an exhibition of British Tamil Businesses combined with variety of...
New method to increase Onion production in Jaffna
The current yield rates of onion per hectare is around 14 -15 Metric tons. A new method with seeds produced from onion flowers and activated Carbon fertiliser are to be introduced shortly in order...
Prawn season on in Battiacloa Lagoon: Income fishermen soar
The prawn season in Batticaloa lagoon had commenced and the income of the fishermen has increased said the area people. The daily catch level had reached 1500 kgs., and the prawns purchased by...
Dramatic fall of onion prices in Jaffna
Onion prices have fallen dramatically during the last days in Jaffna. Farmers say that onion production is at its peak in Jaffna and currently it has reached the point of complacency. This excess...
Get permission before you display advert banners: New Municipal Officer
‘Permission should be attained before displaying any advertisement banners in Jaffna’, said the new income tax officer of Jaffna Municipal council. Banners that are displayed without any...
London Tamil Market
The countdown has started to the mega “London Tamil Market” shopping festival for the first time in Harrow. Date: 11th April 2015 – 12th April 2015 Time: 10:00 – 20:00 Price:...
11,325,753 Eggs and 9,215,816 Litres of Milk produced in the North
The Northern Provincial has put out the activity reports for 2013 October to 2014 September, of the five districts under it. As per this report the production is as follows: Milk (Litres) ...
‘Holographic’ Headset and Cortana on its Windows 10 to PCs
Microsoft’s new revelation of windows 10 comes with new wireless holographic headset the HoloLens and voice-controlled assistant Cortana alongside new operating system Windows 10. It has been...
Anna Nadarajah – the symbol of perseverance
Inuvil is a typical Hindu Village that lies 5 km from Jaffna on the Kankesanthurai Road. It is inhabited by a humble people engaged in cultivating vegetables, tobacco and subsidiary food crops....
North beats Western Province in banking density
The Northern Province has beaten the Western Province in the latest banking density rankings. According to the Central Bank, the Northern Province’s bank branch density (bank branches per 100,000...
British Tamil Chamber to organise a tradeshow in London
The British Tamil Chamber of Commerce (BTCC) has scheduled a trade-show in April 2015 in London. The BTCC has been serving Tamil Businesses in the UK since 2010. ‘Our Tradeshow aims to create an...
Develop our products from home and take them global -a perspective to internationalize unique products of North & East
Things have changed drastically in the commercial world over the past years. Customers’ attitudes, values, and perceptions tend to reflect a new perspective of evolution. Hence, business...
