Budget thrust on development, welfare, local industry

SRI LANLKA-President Mahinda Rajapaksa yesterday presented the fourth budget of his Government introducing a wide range of people’s friendly proposals aiming to bring down the cost of living burden and achieving long term economic benefits to the country including the development of local industries-dailynews-pix-Sudath Silva

Economy records 7 per cent growth

SRI LANKA-Sri Lanka’s economy has expanded recording a 7.0 per cent growth in the second quarter of 2008 against 6.4 per cent in the second quarter of last year and 6.2 per cent in the first quarter of this year with rains boosting farming and hydro power. dailynews