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Sunday, 23 August 2009

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Focus on local sugar cane cultivation

The price of sugar globally has shot up due to the use of large quantities of sugarcane to manufacture ethanol, a cheap bio fuel, said Chairman, Sugar Research Institute (SRI), Dr. C.S. Weeraratne. He said many countries have increased the acreage of sugarcane cultivation to produce biofuel which is a viable alternative to the costly thermal energy.

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Coconut fibre joins band of steady exports

The coconut fibre industry, one of the oldest cottage industries has joined the band of exporters, bringing in the much needed foreign exchange. The industry provides a plenty of employment opportunities and at the same time supports the growth of the rural economy.

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High penetration of financial services

The outreach of financial services is high in Sri Lanka with 82.55% of households having use the services offered by financial institutions, revealed the Microfinance Report 2009. The report said that customer preference is strong for state owned institutions with 47% and 36% of the households saving in People’s Bank and the Bank of Ceylon.

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