November 19, 2021 - Lanka Focus

Confectionery exporters look to relocate overseas

November 19, 2021November 19, 2021 admin

Confectionery exporters look to relocate overseas Exploring locations favourable and competitive for production Claim export orders in jeopardy as local manufacturing becomes expensive Looking at opportunities to outsource manufacturing or set up plants in Malaysia, Thailand, Indonesia, Vietnam, Bangladesh $ 200 m industry warns shift will result over 550,000 people losing jobs and livelihood Say doing business not conducive to investors; if no proactive measures taken to protect remaining exports, economy will suffer Companies likely to stop most production lines due to supply constraints of raw materials By Charumini de…

Some observations on Budget 2022

November 19, 2021August 6, 2022 admin

Some observations on Budget 2022 Dissecting the mixed opinions on Budget 2022 By Sumudu Chamara – The Morning On 12 November, the Government presented what, in economic terms, can be referred to as a recovery Budget, in a context where the country has just started paying attention to and supporting the revival of sectors that did not receive adequate attention last year. In other words, unlike in the pre-Covid-19 pandemic era, this Budget is expected to ease the economic burden on almost all segments of the society, not only a…