CGR increases revenue

The Ceylon Government Railway (CGR) is ready to initiate public private partnerships to utilise spare capacity in the Railway and increase revenue, said the Commercial Superintendent of CGR, G.W.S.Sisira Kumara. “Today we use only around 25 percent of the capacity of the track and there is a huge potential to use this spare capacity to bring in more revenue to the CGR.

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In partnership with Abans:

Mobitel launches world’s first 3D Smartphone

Mobitel, the National Mobile Service Provider launched the first 3D smartphone in association with Abans Lanka, sole distributor for LG mobile phones in Sri Lanka. LG Optimus 3D is an innovative smartphone with second-generation dual core technology and an advanced ‘Tri-Dual’ architecture.

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Insurance GWP up 24% to Rs. 38b

The overall Gross Written Premium (GWP) in insurance increased by around 24 percent to Rs. 38b and assets of companies rose to around Rs. 240b for the first six months this year, said Insurance Board of Sri Lanka (IBSL), Director General, Chandri Gunawardhana.

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Financial experts vital for sustainable agriculture - Dr. Harsha De Silva

Agricultural transactions should be undertaken by financial experts creating a stable and vibrant market for farmers, said LIRNEasia Consultant Lead Economist Dr. Harsha De Silva. He was addressing a seminar on more money for agriculture-value chain studies for agri business organised by the Vegetable Producers, Processors and Exporters Association in collaboration with LIRNEasia on Thursday.

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Hameedia launches first-ever complete wardrobe

Sri Lanka’s menswear specialist Hameedia launched its complete wardrobe with veteran cricketer Angelo Mathews in recognition of his excellence at the crease. Mathews was the first to be gifted with this complete wardrobe makeover by Hameedia.

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PLCL to issue 390m public voting shares

People’s Leasing Company Limited (PLCL), launched its Initial Public Offering (IPO). The Company will issue 390 m Ordinary Voting Shares at Rs 18 per share to raise Rs. 7,020,000,720. The new shares will amount to 25 percent of the issued and paid ordinary shares of the Company subsequent to the issue. The IPO will open on November,3.

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Netcom launches Antivirus Pro 2012

Antivirus Pro 2012, the 2012 versions of Panda Cloud products, for companies and home users was launched by Network Communications (Pvt) Ltd, Netcom. The products are designed to provide internet users with protection and convenience.

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Fish Production to be increased by 125 tons a day:

Dikkowita Fisheries Harbour a fillip to the industry

The fisheries industry is one of the key beneficiaries of the peace dividends enabling them to cast their nets freely within the territorial waters. The commissioning of the fisheries harbour in Dikkowita early next year will be a fillip to the industry which is a major contributor to the economy of the country.

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