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Sunday, 15 January 2012

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Models display Canon’s new digital compact camera “G1 X” during a launch event in Seoul, South Korea, recently. The new camera features a newly developed 14.3-million-pixel CMOS imaging sensor and Digic 5 image processor and will go on sale in February in South Korea.(Xinhua/Park Jin Hee)

Indo-Lanka trade talks in March

India and Sri Lanka are keen to resume talks on the Indo- Sri Lanka Free Trade Agreement (ISFTA) and Comprehensive Economic Partnership Agreement (CEPA) in March, said Ministry of Trade and Commerce sources. Indian Trade and CommerceMinister Anand Sharma said,

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Real estate shows significant growth -KPMG

The market for real estate assets in Sri Lanka has shown significant growth since 2009 with a marked increase in price levels of real estate including bare lands, residential housing, commercial premises and condominium apartments, a KPMG report stated.

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Micro Cars wins Global Excellence Award

Micro Cars received the Global Commerce Excellence Award recently at a glittering event at the Ceylon Continental Hotel attended by many heads of reputed corporate companies. This was initiated by the Central Bank to award companies that have made a positive contribution to the economy.

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India opens retail sector to foreign stores

The Indian government has allowed single-brand foreign retailers to open stores, clearing the way for companies such as Starbucks and Ikea. Retailers can now invest beyond the previous limit of 51 percent ownership. However, they are required to buy 30 percent of their goods from domestic small industries.

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Nestlé Lanka to invest Rs 250m

Nestle Lanka PLC will invest Rs. 250 million on the expansion of the Ultra Heat Treated milk line within the next two months, said Nestle Lanka PLC Managing Director Alois Hofbauer. Nestle Lanka committed Rs. 10b last year for a period of five years to expand the dairy,

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