Raigam Saltern in Trincomalee
To be the largest in country:
Raigam Wayamba Salterns PLC will construct the largest
saltern in the country on an extent of 1,850 acres in Trincomalee.
The company engages in massive development projects in Puttalam and
Hambantota and during 2010 and 11 financial year it has invested Rs
130 million. The Wayamba Salterns has already completed the
acquisition process to construct the Trincomalee saltern and is into
halfway of construction activities. “While concentrating on our core
business, we will also venture into the tourism sector,” Raigam
Wayamba Salterns PLC Chairman and CEO Ravindranath Liyanage told
Daily News Business.
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Emerging economies forging ahead
The global economic balance is shifting towards
emerging economies Munasinghe Institute for Development (MIND)
Director Prof Mohan Munasinghe said. Speaking at a seminar organized
by the Central Environment Authority to coincide with its 30th
anniversary recently, he said for the past decade, emerging and
developing economies have grown over five percent faster than
advanced economies and the global balance of economic momentum has
changed.
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Overpriced hotel prices affect MICE tourism - LECS
Promoting local Meeting Incentive Conference and
Exhibition (MICE) tourism has been a difficult task with the
overpriced Colombo hotels, insufficient money allocation for the
Convention Bureau for promotions and infrastructure yet to fall into
place in Sri Lanka. Lanka Exhibition and Conference Services (LECS)
CEO and Director and Lanka Association of Professional Conference
and Exhibition Organizers President Imran Hassan said even though
industry prospects are high in the coming years with the present
fast growth rate in exhibitions, they find it difficult to cope with
these impediments.
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