Archives

Business in brief

ASPI up, turnover Rs.156m

The Colombo Bou- rse's ASPI increased to 1,026.4 points yesterday from 1,024.5 and the Milanka index to 1,981.4 points from 1,977.1. The turnover was Rs. 155.76 million.

Among the most traded stocks were Asian Hotels, Caltex, Commercial Bank, Distilleries, JKH, Nations Trust and Telecom. The top five gainers were Vanik Incorp Ltd, Samuels, Connaissance, e-Channelling and Three Acre Farms.

Malaysian road builder fails to meet criteria

The Sri Lanka government is looking for another road builder to undertake construction of a key highway after the Malaysian company picked for the project failed to meet laid-down rules, the Board of Investment (BOI) said.

According to the Chairman BOI - Arjunna Mahendran, negotiations for the Colombo-Katunayake (airport) expressway are ongoing as Road Builder (Malaysia) Holdings Bhd, the firm originally chosen, had not met the eligibility criteria.

The proposed highway is expected to cost some US$200 million while preliminary work costs US$35 million had already been done before the government said it was looking for a new partner to build the road.

www.crescat.com

News | Business | Features | Editorial | Security
Politics | World | Letters | Sports | Obituaries

Produced by Lake House
Copyright © 2003 The Associated Newspapers of Ceylon Ltd.
Comments and suggestions to :Web Manager