Daily News Online

Friday, 6 April 2012


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‘Mini hydros’ could save Rs 50 b annually

Sri Lanka could save over Rs 50 billion thermal power generating cost annually if authorities minimise red tape and allow mini hydro power plants get off the ground. Currently there are several mini hydro power plants pending approval and they could generate over 500 MW power in three years time.

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Lanka gaining momentum as a reputed garment supplier -Rankin

Sri Lanka’s apparel industry is on an upward movement and the country is gaining momentum as a reputed garment supplier, British High Commissioner John Rankin said. “It was impressive to learn that for the Athens Olympics, the fast skin swimwear by UK owned Speedo was manufactured in Sri Lanka.

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Mackwoods Energy announces IPO allotments

Mackwoods Energy Limited announced the basis of allotment of its Rs. 350 million IPO, which was oversubscribed on the first day of its opening on March 22. With a view to maximize investor participation, all the retail investors and the investors who applied upto 3,571,400 shares (approx Rs 50 m),

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Noritake Lanka Porcelain opened a new branch in Colombo 03   yesterday offering opportunities to high end clients with exclusive bone china designs. Here Managing Director Noritake, Motoyasu Nakanishi, Malaysian Airlines General Manager Manmohan Singh and the chief guest at the event Pakistan High Commissioner, Seema Ilahi Baloch examining new product designs at the opening. Picture by Sumanachandra Ariyawansa

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