Business Today Sri Lanka - October 1996

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The Sri Lankan Government recently ratified the Optional Protocol on Civil and Political Rights, whereby individuals can appeal to the Geneva-based Human Rights Committee, a major United Nations (UN) mechanism set up to protect fundamental rights.
Good fiscal management, improvement of the money supply with easier credit, especially for small and medium scale Industries, better infrastructure facilities, with no overall cuts in welfare expenditure will be the highlights of the forthcoming Budget, says Minister Prof G L Peiris.
Lanka Bell, a subsidiary of Singapore-based Transasia Telecom is all set to provide a parallel but a more speedy and economical telephone service to Sri Lanka from early next year.
Euro-Scan Exports, a leading manufacturer and exporter of gourmet tea products bagged the Gold Export Award for 1995 in the Agriculture Sector Large Category.
The National Development Bank of Sri Lanka (NDB) and the British based Commonwealth Development Corporation teamed up to form a new fund management company called Ayojana Fund Management.