August 20, 2019
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    The Central Bank said economic growth in the fourth quarter this year will be in the range of around 4.6 percent supported by a fruitful Yala season and improvement in the overall agricultural sector performance in the second half of the year.

    The Puttalam mineral sands deposit, if developed, has the potential to deliver considerable economic and social benefits to Sri Lanka by way of mineral royalties, employment, terms of trade, and skills and technical development, Iluka’s Head of Resource Development, Simon Hay said.

    With the recent announcement that the much-anticipated Colombo Light Rail Transit (LRT) project is all set to proceed with Phase 1 following the green light from government ministries, there has been widespread speculation on its effect on the price of property within close proximity to the line.

    A multimodal transport hub is to be set up in Pettah and the contract to design it has been given to a French company, a top official said.Megapolis and Western Development Ministry Secretary Nihal Rupasinghe said a French-Government-funded feasibility study would be carried out to identify more than 20 acres of land to set up the project.

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