Daily News Online

Saturday, 15 October 2011


| Business Editor: 0094 11 2429221 | Fax: 0094 11 2343694 | E mail: business@dailynews.lk |

Poor focus for Lanka’s R&D

Professors idling says top entrepreneur :

Sri Lanka’s research and development sector (R&D) is one of the lowest in the world, Nature’s Secrets Managing Director Samantha Kumarasinghe said. Speaking at the seminar on ‘Truth untold by war heroes’ at the Hilton yesterday he said that R&D in Sri Lanka is 01.7% of the GDP.

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Korean to build novel hotel in Dambulla

For the first time a Korean entrepreneur will invest in a novel star class hotel project in Dambulla. MD ASK Trading Company Chairman Doo Won Wee speaking to Daily News Business said they are initially hoping to invest Rs 20 million for this project. He said they will build five family homes initially.

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Commercial Credit bags ‘Best Finance Company in Asia’

Cementing its reputation as a premier financial institution benchmarking the highest international standards of service and operation, Commercial Credit was adjudged the ‘Best Finance Company in Asia’ at the recently concluded international UDC Business Awards in Malaysia.

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Dialog Telekom Group CEO Dr Hans Wijayasuriya, Laugfs Gas Chairman W.K.Wegapitiya,Access Chairman Sumal Perera and
Nature’s Secrets Managing Director Samantha Kumarasinghe at the Forum. Picture by Sumanachandra Ariyawansa

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