Wayamba Salterns in expansion drive

Wayamba Salterns will complete construction work on the Pure Vacuum Dried (PVD) plant and salterns in the country this year, said Chairman/CEO, Wayamba Salterns, Dr. Ravi Liyanage. He said work on these projects are progressing and added that the operation of the new salterns and the PVD plant will contribute immensely to salt production in the country.

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Further duty reduction will stimulate vehicle market - Merchants

Though the reduction in the duty on vehicles has paid rich dividends to the private vehicle market the balance is still high compared to many countries in the region. Chairman Ceylon Motor Traders Association (CMTA) Tilak Gunasekera said, the vehicle market has benefited from the duty reduction but still the current structure for new vehicles is high compared to many countries in the region.

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Price band on stocks will check manipulation, insider trading

The Securities and Exchange Commission (SEC) imposed a price band on some stocks a few months ago after observing over a considerable period of time, the wild fluctuations of prices as a result of some investors pushing them. Self styled independent, analysts, advisors and other parties, have criticised the move and said this intervention is unwarranted and will have negative impacts.

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