Daily News Online

Tuesday, 7 February 2012


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Lankan economy strong - IMF

The IMF staff mission to Sri Lanka said that the country's economy will grow rapidly despite the slow global growth. While commending the policy decisions taken by the government to address economic fundamentals in going forward, the IMF is moving towards completion of the next review of the Standby Agreement.

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Chemcel invests Rs 750 m to open plant

Chemcel Pvt Ltd, a subsidiary of Chemanex Plc opened a Carboxy Methyl Starch extrusion plant at BOI Export Processing Zone at Mirigama with an investment of Rs 350 million and constitute the first phase of the production.

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The Colombo South Harbour is undergoing a major development process to upgrade facilities and increase efficiency levels. This is a picturesque view of the work at the water break of the harbour. Picture by Saliya Rupasinghe

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