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Apparel industry initiative:
Jaffna gets four factories
MAS, Omega Lines, Orix and Timex keen:
The Traditional Industries and Small Enterprise
Development Ministry together with the Board of Investment (BOI) is
planning to support four major companies - MAS Holdings, Omega
Lines, Orix and Timex to set up factories in Jaffna.
 Full Story
MBSL Midcap Index on upward momentum
The MBSL Midcap Index is on an upward momentum,
indicating a widened range compared to ASPI and MPI indices. Market
earnings potential in the new era of positive momentum and the
increase in tourism were driving most of the medium market
capitalization companies while sector based favourable conditions
have been driving most of the equity counters in the Colombo Stock
Exchange.
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BoC to complete Shell due diligence this week
The Bank of Ceylon will complete the due
diligence process for the Shell Gas sell-out deal by the end of this
week. The Bank is in the process of completing the work related to
the due diligence and still no negotiations have commenced with
Shell Gas, Bank of Ceylon Chairman Dr. Gamini Wickramasinghe told
Daily News Business.
Full Story
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