Floating of Rupee, the need of the hour
The exchange rate of the Dollar will stabilise
somewhere below Rs.125 assured Treasury Secretary, Dr. P.B.
Jayasundara last week. He defended the exchange rate policy of the
Central Bank and said that it reflected the economic situation in
the country and macro economic management policies of the
Government.
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CIC Agri expands overseas business
CIC Agri Businesses has commenced business with
Bangladesh and has signed two agreements with Dubai and Qatar- based
companies to expand agricultural production in African countries
said CIC Agri business CEO and Managing Director, Keerthi B.
Kotagama.
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Nation Lanka Finance moves
Nation Lanka Finance PLC, a full-fledged finance
company moved to Colombo 5. The company turned a new chapter
recently by obtaining a licence to operate as a finance company. The
company is a profitable business entity today under a new board of
directors headed by Chairman, Jayantha Dharmadasa a reputed
entrepreneur Asanga Seniviratne, director of Nawaloka Group H.
Dharmadasa and Jayaprakash Rudra. With over 15 branches across the
country the company is poised for steady growth. Nation Lanka
Finance PLC is a diversified company which owns a majority stake in
Millennium Housing and Nation Lanka Equities Stock Brokers.
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Speed train from Katunayake to Colombo
Sri Lanka's railway transportation and tourism
industry received a turbo boost with the signing of a landmark
agreement between K.P.M.G. Mumbai India and Airport Express Air and
Rail Company (Pvt) Ltd. to commence feasibility studies for a speed
train system from Katunayake to Colombo.
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