Adverse weather hits salterns
Prices to increase after New Year:
The price of salt will increase by 100 per cent
after the Sinhala and Tamil New Year due to the severe shortage in
the market following adverse weather conditions that affected the
salterns in the country, salt manufacturers said.
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CGR goes for 20 new Indian power sets
The Ceylon Government Railway (CGR) will
purchase another 20 new power sets from India, Transport Ministry
sources said. The new power sets will be used for long distance
travel and this is the first time the CGR purchased power sets for
long distance travel.
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International banks take blame for credit crisis
The world’s leading banks on Wednesday publicly
accepted much of the blame for the credit crisis, as the
International Monetary Fund slashed its estimates for global growth
and warned that the US downturn will last longer than most people
expect.
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