IDB help to revive sick industries
The Industrial Development Board (IDB) has
launched a rehabilitation project titled Punarjeewa to assist the
SME sector industries in trouble islandwide. IDB Regional
Development Director, U.Wimalasuriya told the Daily News Business
that all SME sector industrialists who are running at a loss or with
difficulties have been informed to report to their respective IDB
district offices with the details and problems they are facing.
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Land sales booming now
The land sale industry is booming as commercial
banks have reduced interest rates. Many are now interested in buying
lands as an investment. The average land prices in Colombo city
limit are Rs 2.5 million per perch and they are mostly used for
commercial purposes.
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Lanka Tiles posts Rs 379 m profit for ’10
Lanka Tiles has recorded Rs 379 million profit
after tax for 2009/2010 financial year. This is an increase of 34
percent and the highest recorded in the company history its annual
report said. Export sales of the company have increased 20.55
percent to Rs 216 million for the year ended March 31, 2010. It was
Rs 179 million during the same period in 2009.
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