Protest against closure of two factories

  • 28 Jun 2007 22:18:41 GMT

    SL economy is in Critical state. That is why this war has to stop and the economy managed properly. If not we are all Capothi...

    http://news.yahoo.com/s/afp/20070628/wl_sthasia_afp/srilankaunresteconomyport_070628035955 _ylt=Ak9Cyjx78y9o6NRlKiIgWZctM8oA

    COLOMBO (AFP) - Sri Lankan exporters are being squeezed as fewer container ships heading west call into Colombo, with global shipping lines moving more business to India and its booming economy.

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    Shipping costs have soared nearly 600 dollars for a standard 20-foot container (TEU) over the past six months as a result, compounding problems for Sri Lankan exporters who compete on price, innovation and time with their large northern neighbour.

    `Some of the bigger shipping lines have changed their schedules over the past six months and the crisis is affecting exports of garments, tea, rubber and coir (coconut fibre),` said Sri Lanka Shipper`s Council chairman Jayanath Perera.