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Friday, 23 December 2011

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Shipping industry sees growth

US $ 273.1 m invested in last five years:

The country’s shipping industry will continue its growth momentum as several mega port development projects were launched during the last five years. A sum of US $ 237.1 million has been invested. This year surpasses the previous figure and of which port related investment records an increase including a US $ 500 million for the third terminal to be constructed at the Colombo Port.

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Selacine doubles revenue, makes Rs 17 m profit

The revenue at the Selacine Television Institute has more than doubled, from Rs 149 million to over Rs 350 million in 2010 and 2011. The vision of the company is to double the revenue in two years and meet total market needs in five years.

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Sabaragamuwa gets four star hotel

Grand Udawalawa Safari Resort has invested Rs 500 million to construct a four star hotel in the Sabaragamuwa province that will open in March 2012 with 55 rooms. The target market for the Udawalawa Safari Resort will be mainly business community, both local and foreigners.

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The Colombo Port in full throttle. Picture by Saliya Rupasinghe



 
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