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Wednesday, 20 April 2011

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Record growth in vehicle imports in 2010

The value of vehicle imports recorded an unprecedented growth of 215 percent increasing from Rs 37 billion in 2009 to Rs 117 billion in 2010, the Ceylon Chamber of Commerce said.

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Colombo Engineering sold for Rs 275 m

Kiran Atapattu remains in senior post:

MTD Walkers PLC acquired 100 percent equity of Colombo Engineering Services Private Limited. The company making an announcement to the Colombo Stock Exchange said the total purchase price of Colombo Engineering was Rs 275 million.

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NITF gets new business opportunities

New business ventures to be set up in the Magampura port premises will bring more business opportunities to the National Insurance Trust Fund (NITF). Two foreign companies engaged in manufacturing sports utility vehicles in Europe have sought Sri Lankan Government,

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Vehicle imports and registrations have seen a marked rise in 2010 due to the reduction in import taxes. A park full of vehicles in Colombo. Picture by Sumanachandra Ariyawansa



 
 
 
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