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Confidence among local and foreign investors
grow:
Chambers hail Sri Lanka’s stable rating
Sri Lanka’s rating outlook has been lifted from
negative to stable by Standard and Poor. This will enable Sri Lanka
to attract foreign direct investments and increase the confidence of
local and foreign investors.
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More land under rubber
Rubber will be planted on 1,800 hectares in
traditional rubber growing areas such as Kalutara, Ratnapura,
Kegalle, Galle, Matara, Kurunegala, Matale, Gampaha and Colombo and
500 hectares will be planted in non-traditional areas such as
Badulla, Ampara, Hambantota and Moneragala, said the Director
Development, Rubber Development Department of Sri Lanka, R.B.
Premadasa.
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Alumex Group to invest Rs. 250 m on expansion
The Alumex Group, a leading manufacturer of
aluminium extrusions in Sri Lanka, will invest Rs. 250 million on
expansion this year, Group General Manager Alumex, Pramuk K.
Dediwela told Daily News Business.
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