Laksiri to build Rs 500 m condominium in Kurunegala
Laksiri International Freight Forwarders (LIFF)
will be investing over Rs. 500 million to construct Sri Lanka's
first condominium outside Colombo in Kurunegala.
CSE needs to broadbase for vibrant market -Chairman
The Colombo Stock Exchange (CSE) needs to be
broadbased to increase the liquidity in the market by introducing
new instruments to create a vibrant market, Chairman Nihal Fonseka
said.
Elpitiya Plantations Ltd. (EPL), Aitken Spence's
plantation arm recorded its best year of profits during the
financial year ended 2007/08. Premium tea prices and returns from
diversification into multi crops, especially palm oil contributed
strongly to the bottom line.
Laksiri Customs
bonded warehouse in Peliyagoda. Pictures by Saman Mendis
When compared to the
annual reserve money growth rates since 2002, the growth
of 10.2 per cent in 2007 was the most restrictive,
despite relatively higher GDP growth and inflation. In
2006, reserve money grew by 21.2 per cent compared to
the target of 15.0 per cent. Also, the average growth
during the period 2002 - 2006 was 16.4 per cent.
Therefore, the achievement of a very low growth in
reserve money in 2007 is encouraging in the context of
the necessity for reducing the demand driven inflation
in the economy. Central Bank Annual Report 2008.
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