DCSL buys into Pelwatte
*Major stake under Melstacorp
*Total investment tops Rs 880m
Distilleries Company of Sri Lanka (DCSL) headed
by business tycoon Harry Jayawardena has brought over a substantial
stake in Pelwatte Sugar Industries. Distilleries Company of Sri
Lanka subsidiary Melstacorp (Private) Limited purchased 31,966,000
shares of Pelwatte Sugar Industries Limited for Rs 27.50 per share,
Full Story
Laugfs Bharat metal cutting gas launched
Laugfs together with the Bharat Petroleum
Corporation launched ‘Laugfs Bharat Metal Cutting Gas’ (LBMCG)
yesterday. Laugfs announced its signing of a joint venture agreement
with the Bharat Petroleum Corporation of India to bring innovative
metal cutting gas ‘Laugfs Bharat Metal Cutting Gas’ to the local
market.
Full Story
Lanka moots quality, skilled labour
Investment fund account to be created:
Sri Lanka is looking for a high wage labour
economy in the future where productivity will be the key factor.
Treasury Secretary Dr P B Jayasundera said quality labour will be
provided in a professional manner to the international labour market
in the future with value addition.
Full Story
|