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Business in brief

System returns to normalcy, trading on favourable note

The Colombo Bourse's trading system returned to normalcy and trading continued without any interruption yesterday after three days of troubled trading.

The indices fell as the ASPI declined to 774.93 by 8 points and Milanka to 1307.62 by 16 points. However, the turnover was an impressive Rs. 99.62. Foreign purchases were encouraging to record Rs. 50.57 which is more than a 50 percent of the total turnover.

JKH was the main contributor to the turnover with Rs. 19.2 million worth transactions. NDB and Seylan Bank also contributed Rs. 11 million and Rs. 3.2 million. All blue chip companies performed well to increase their share prices.

SEA industry pavilion, road show to mark Imexpro 2003

The Sri Lanka Software Exporters Association (SEA) will host a software industry pavilion at the Impexpro 2003 International Trade Fair followed by a Software Industry Road Show to coincide with the same event.

The trade fair is being organised by the Ceylon Chamber of Commerce from March 30 to April 1 at the Sri Lanka Exhibition and Convention Centre where over 25 countries are expected to participate.

SEA hopes that the plan to project Sri Lanka's Software Industry through a country pavilion would better expose the potential of the local software industry. The road show will be in the form of an evening event where the products and services offered by the local software industry would be presented through a social and interactive gathering, SEA said in a press release.

These initiatives are part of SEA's commitment to aligning the industry to the eSri Lanka initiative of the Government. These activities will also expose the talents and skills available in the industry.

The SEA's country pavilion will be open to all organisations that are members of SEA or the Sri Lanka Association of Software Industry.

Norway, Lanka annual consultation

The annual consultation between Sri Lanka and Norway with the participation of the Norwegian delegation will be held from February 17 to 18 at the Ministry of Economic Reforms, Science and Technology.

The deliberations focus on Economic Development for employment generation, industrial development, investment policies, trade and other related issues.

Among the delegates will be Minister Milanda Moragoda, Norwegian Ambassador, Jon Westborg and Secretary to the Finance Ministry, Charitha Ratwatta.

AmCham Indian delegation here

For the first time, the American Chamber of Commerce (AmCham) in Sri Lanka will host a delegation from AmCham India next week.

The objective of the delegation is to explore business and investment opportunities in Sri Lanka. The team is scheduled to meet various Ministers, Government officials and the members of the business community.

Emegency meeting in Tea sector

The National Chamber of Exporters (NCE) has organised an emergency meeting to discuss current issues prevailing in the tee industry at the NCE office at 5.30pm today.

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