Daily News Online

Monday, 13 February 2012


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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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Scientists at the CIC lab in Pelwehera. Pictures by Saliya Rupasinghe

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