Inflation to remain at single digit
CB to adopt new policy:
The inflation level in the country was contained
at mid single digit levels in 2011 and it is expected to be 5 to 6
percent for 2012, Central Bank Governor Ajith Nivard Cabraal said.
Elaborating CB plans for the forthcoming period in Colombo on
CIC bananas to Europe
CIC Agri Businesses commenced the export of
banana to Europe recently with the first consignment being shipped
to Italy and Albania last week. The cavendish type banana is
cultivated in their farms in Hingurakgoda and Pelwehera. According
to a company spokesman CIC Agri Businesses will be exporting between
25 to 50 metric tonnes of banana every month to European countries.
Nestle to open Rs 600 m noodles plant in Pannala
Nestle Lanka PLC plans to invest Rs 600 million
to setup a new noodles plant in Pannala. The company sources told
Daily News Business that the new noodle plant in Kurunegala is
scheduled to start full scale operations on January 11. This new
facility will enable Nestle Lanka PLC to further expand its business
throughout the country’s fast growing noodles market.