Raigam to invest Rs 150 m on PVD salt plant

The import of salt has dropped from around 45,000 metric tonnes to around 7,500 mt during the past six years due to investments in local table salt production by Raigam Wayamba Salterns, said Raigam Group Chairman Dr. Ravi Liyanage.

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Satisfactory progress on consolidation - Central Bank

Satisfactory progress was made in the consolidation process during April 2014. All banks and finance and leasing companies (NBFIs) submitted their broad plans on consolidation and greater participation in economic activities.

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Inflation drops to 5.6 percent in April

Inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI) (2006/07=100), which is computed by the Department of Census and Statistics, decelerated further to 5.6 percent in April 2014, on an annual average basis, from 5.7 percent in March 2014.

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International trade exhibition in South

The Southern International Trade Exhibition (SITE 2014) at the Sanath Jayasuriya Stadium, Matara, one of the first of its kind to be held in the South, concludes tomorrow. Organised by CDC Events with the Matara District Chamber of Commerce and Industry,

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ADB invests $60m on healthcare in Asia

The Asian Development Bank (ADB) is investing up to $60 million in a new healthcare private equity fund focused exclusively on Asia. ADB’s Board of Directors approved an equity investment in OrbiMed Asia Partners II, L.P, which aims at raising $300 million in capital to be invested in health care companies across Asia.

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