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Tuesday, 18 October 2011

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Jaffna BOI projects top US $ 10 m

With permanent peace and in the wake of investor friendly backdrop the Northern Province is turning out to be an investment paradise. Both small and high end entrepreneurs are investing in the fields of apparel, tourism, health, power sector, fishery and others.

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Port sector targets US $ 5 b

The Colombo and the Magam Ruhunupura Mahinda Rajapaksa Port in Hambantota will attract over US $ five billion investments through the private sector by 2015. Over US $ three billion has been invested in the port sector through funds from Asian Development Bank, People’s Republic of China, India, Denmark and Japan. “Other than this, private sector organizations from various countries has committed to invest total of US$ 2.2 billion in areas of manufacturing, assembling, warehousing, handling and many more sectors,” said Sri Lanka Ports Authority Chairman Dr Priyath B Wickrama.

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Market negative

Market opened for the week on negative note yesterday with both benchmark indices recording substantial losses. ASI lost 92.40 index points (-1.41%) to close at 6,557.51 while more sensitive MPI lost 66.94 index points (-1.14%) to close at 5,811.39.

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Sonakshi Sinha in Sri Lanka : The sizzling, upcoming Bollywood beauty, Sonakshi Sinha came to Sri Lanka yesterday to make a special appearance on the L’ Officiel magazine. Sonakshi will be doing this special photo shoot for L’ Officiel magazine at the world’s eighth wonder, ancient Sigiriya. “This is my second visit to Sri Lanka and I think I have a deep connection with this beautiful country, it feels like being at home since Sri Lankan people are so friendly and beautiful,” Sinha said speaking at a press conference held yesterday at Taj Samudra Hotel. L’ Officiel, India, Editor Ami Patel said that the main reason for the L’ Officiel magazine to choose Sigiriya as the photo shoot location is its fame and ancient value and they want to create an international photo shoot with the beautiful background in Sigiriya.
Picture by Saliya Rupasinghe

Minister Basil opens Madhu housing scheme : People’s Bank Golden Jubilee housing scheme was opened last week in Madhu with Economic Development Minister Basil Rajapaksa participating as chief guest. This new housing scheme has been built in Madhu for the benefit of civilians and fifty families were provided houses with all basic facilities including furniture as well. The housing scheme includes water facilities, electricity and internal road network. The cost for this project including potable water and other infrastructure facilities is Rs 55 million. The total cost of the project was borne by the People’s Bank. Senior Minister Milroy Fernando, Resettlement Minister Gunarathna Weerakoon, Industries and Commerce Minister Rishad Badhiudeen, Northern Province Governor G.A. Chandrasiri and People’s Bank Chairman W. Karunajeewa also participated at this occasion. Picture by Chaminda Hittatiya



 
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