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Sunday, 29 July 2012

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Dragon fruit plants at the Gannoruwa agro technology park  Pic: Gamini Ranasinghe, Kandy branch

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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