Invest on Gold, a better security
Gold merchants say there is more to the current boom of gold than
just withdrawing from the weakening dollar. Unlike in the past today
there is less correlation between the two assets.
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Onyx buys CHICO
Nandana Lokuwithana a Sri Lankan businessman
based in Sharjah, UAE the chairman of the Onyx Group is the new
owner of Steel Corporation. Lokuwithana plans to invest US$ 60 mn on
the venture and has already invested US$ 33 mn including the working
capital.
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Lanka Hospitals a public quoted company
In the wake of the former Apollo Hospital coming under State control
following a Court order, the hospital was officially renamed as
Lanka Hospitals when its licensing and support services agreement
with Apollo Hospitals Enterprises expired on November 16.
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