Financial Times

Local exporters looking for clarity on GSP+

Sri Lankan exporters are looking for clarity on the state of the GSP+, to be able to adjust business strategies. The GSP+ scheme allows duty free export of about 6,000 items to the EU from Sri Lanka. However, the continuation of the GSP+ is now uncertain, as a preliminary report points to an adverse outcome of an EU investigation. At this point, it is the uncertainty that is worrying local exporters.

 
Loss in tax revenues hurt CMC - Kamil
The Colombo Municipality is grappling with issues like falling tax revenue and a crisis pertaining to a sick workforce, according to Omar Kamil, CMC’s Special City Administrator, Colombo Municipal Council (CMC). “Our people are working among the sewage, garbage and traffic and 90 % are sick with such illnesses like eye problems, tuberculosis, etc,” said the former Mayor speaking at the monthly meeting of the Sunday Times Business Club at the Cinnamon Grand Hotel last week, where he outlined elaborate plans to tackle many issues including the garbage menace.
 
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The popular 19th Sri Lanka International Gem and Jewellery Show known as ‘Facets’, which has attracted buyers from all over the world, opened at the BMICH in Colombo on Thursday. It ends today. One of the exhibitors examines a miniature car studded with gems and precious stones. Pic by Sanka Vidanagama.

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