Daily News Online

Friday, 2 March 2012


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Sampath Bank records Rs 3.82 b PAT

Sampath Bank will consider tier two funding to broad-base its capital structure and boost up the reserves by issuing rupee and dollar bonds and debentures. We are already in discussions with three to four interested parties on dollar bonds and still the options are open.

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Laugfs, SLINTEC tie up for natural mineral sand processing

Laugfs Holdings Limited entered into a strategic agreement with Sri Lanka Institute of Nanotechnology (SLINTEC) to process natural mineral sands for value addition. The landmark agreement was signed yesterday creating a PPP venture to set up country’s first ever plant to produce titanium dioxide from mineral sand.

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Project to empower entrepreneurs

Blue Ocean Ventures and the Indian Angel Network in collaboration with Dialog Axiata and ExpoLanka yesterday launched a special project ‘Venture Engine’ with a view to empowering Sri Lankan budding entrepreneurs.

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The three day Textech Sri Lanka 2012 International Expo along with 10th Dye+Chem Sri Lanka 2012 International Expo and third Colombo International Yarn and Fabric Show 2012 organized by CEMS Global local arm CEMS Lanka were opened yesterday at Sri Lanka Exhibition and Convention Bureau Colombo. The exhibitions showcase assembling worldwide technology, machinery and material manufacturers under one roof for the benefit of the garment and textile sector. A keen participant at the exhibition. Picture by Nissanka Wijeratne

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