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Sunday, 10 March 2013


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CBC targets $ 2 b in FDIs

The Commonwealth Business Council (CBC) will target Foreign Direct Investments to the tune of $ 2 billion, said CBC Chairman Dr. Mohan Kaul at the briefing on the Commonwealth Business Council forum to be held in Sri Lanka from November 12-14. He said the forum will create huge business and investment opportunities for Sri Lanka and other Commonwealth countries.

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New international airport will create multiple opportunities

The Mattala International Airport is a commercially and economically viable project and the $ 210 million it cost, can be recovered in 10 years, said Senior Lecturer, Department of Economics of the University of Colombo, Dr. Ranjith Bandara responding to negative arguments about the second international airport in Sri Lanka.

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Turnaround in inflation

Year-on-year inflation remained unchanged at 9.8 percent in February 2013 reflecting the remaining impact of the substantial changes to administratively determined prices and disruptions to domestic food supplies. However, inflation is expected to turnaround from March 2013 and reach a more favourable level by the end of the year.

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Cartel manipulates egg prices

An internal crisis in the All Island Poultry Association (AIPA) has created issues in the poultry industry and due to this small-scale farmers and consumers will have to suffer, Chairman, AIPA, Dr. D.D. Wanasinghe said. He said that large-scale poultry farmers in the North Western province has set up two separate organisations,

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Bosch launches security solution

Bosch Security Systems launched a one dish security solution system, ‘Advantage Line’ in partnership with Hayleys Industrial Solutions (Pvt) Ltd, Kay Jay Electronics (Pvt) Ltd and M3 Force (Pvt) Ltd. The launch showcased five different products under ‘Advantage Line’. Video systems, which will be distributed by Kay Jay,

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