CIC introduces high yield paddy variety
For the first time a private company, CIC Agri
after many years of research, has produced a high yielding paddy
seed (white) at their Pelwehera tissue culture laboratory. CIC Crops
and Livestock Director/CEO Waruna Madawanaachchi told 'Daily News
Business' that this has been named as CIC 301 and now available in
the market. "The CIC 301 would yield around 120 bushels per acre
which is very high," he said. The country average is around 70
bushels per acre.
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Sri Lanka Ukraine Business Council signs MoU
The Sri Lanka Ukraine Business Council (SLUBC)
and Donetsk Chamber of Commerce and Industry (DCCI) of Ukraine
signed a Memorandum of Understanding (MoU) on January 13, 2012, at
DCCI in Donetsk, Ukraine, starting a new stage of business relations
between Sri Lanka and Ukraine.
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Ceylinco Insurance records growth in 2011
Sri Lanka’s insurance giant, Ceylinco Insurance
announced unprecedented results for the year ended December 31,
2011. Managing Director / Chief Executive Officer of Ceylinco
Insurance - General, Ajith Gunawardena said “during 2011, Ceylinco
Insurance recorded a premium income of Rs 19.8 billion, to which the
General division contributed Rs 10 billion, with the Life division
contributing the balance Rs 9.8 billion. This signifies an increase
of Rs 1.8 billion over the previous year, with the overall growth
standing at 10%. Thus, the General Division has recorded a growth of
9%, whilst the Life Division had registered a 12% growth.”
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