Commercial agriculture enhances farmers’ lives
The Department of Agriculture celebrates its
golden jubilee this year. To mark the occasion the Department
organised the ‘National Agriculture Exhibition and Farmers Week’
from July 20 to 25 at the Gannoruwa Agro technology park.
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Structural reforms vital for economic growth
Sri Lanka is in need of urgent structural
reforms to avoid economic stagnation and to achieve high economic
growth, said renowned economist Dr. Indrajith Kumaraswamy. He was
addressing a Stakeholder forum organised by the Consortium of
Humanitarian Agencies (CHA) in Colombo last week.
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Browns to build Rs. 1.75b hotel
Browns Investments PLC, an entity owned by Brown
and Company will expand its leisure sector by constructing a
star-class,150-room hotel in Kosgoda at a cost of Rs. 1.75b. Work on
the project commenced in May this year. It has provision to increase
the number of rooms to 172.
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EFC to train visually impaired
The Employers’ Federation of Ceylon (EFC) will
launch a six-month IT training program for eight visually impaired
persons in Vavuniya on August 2. The course funded by the ILO-LEED
program, will be conducted at the recently refurbished ORHAN
Training Centre by Ms. Manique Guneratne, an EFC employee, who is
also visually impaired.
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Boon for house builders
Kelsey Homes Ltd launched ‘Kelsey Build Plus’ to
offer customers to build homes on their own land. A spokesman for
the Company said ”today, most people experience problems when
building houses. These include the difficulty of obtaining reliable
contractors and professional advice,
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$40m equity investment for Abans
Abans (Pvt) Ltd, a family-owned business entity,
is to get a $40m equity investment from a leading global private
equity fund to expand the business and strengthen its position.
According to recent rating agency reports, Abans has adequate
liquidity and has achieved a compounded annual revenue growth of
over 25 percent in the past three years,
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Orient Wealth signs trust deeds
Orient Wealth Limited signed three trust deeds
with Deutsche Bank Sri Lanka recently. Deutsche Bank will play the
role of trustee and custodian for the three newly licensed funds to
be managed by Orient Wealth, under the provisions of the trust
deeds.
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Asia Leisure, Japan Capital invests $ 1.8m
Asia Leisure a subsidiary of the Asia Capital
Group Ltd and Japan Capital(Pvt) Ltd will invest $ 1.8m in a
33-suite hotel in Wadduwa. Japan Capital will hold 22 percent of the
shares, while the balance will be held by Asia Leisure Ltd.
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