Daily News Online

Tuesday, 10 July 2012


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Economic summit begins today

The 13th Sri Lanka Economic Summit 2012 will be held from today to the 13th of July, 2012 at the Cinnamon Grand Colombo. Organized by the Ceylon Chamber of Commerce, the premier business Chamber in the country, the event will bring together a large number of business leaders, government officials, ambassadors and policy makers on to one platform to discuss issues related to Sri Lanka's economy.

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Tea production at Waltrim up 66% in 2012

The annual tea production at Waltrim Estate, a flagship estate owned by listed RPC Watawala Plantations, has shot up by 66 percent to one million kilos of made tea per year after the construction of the new state-of-the-art factory two years ago, while the energy costs have slumped significantly and productivity improved, company officials said.

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MASkargo commences freighter flight to Colombo

MASkargo marked another historical milestone by launching its first A330-200 freighter flight to Colombo, Sri Lanka, in a development that augurs well for the country's economy. The newly acquired A330-200 freighter flew into Bandaranaike International Airport on 6th July 2012 and is scheduled to fly in from Kuala Lumpur every Friday and back the following day. The flight routing for this weekly flight will be from Kuala Lumpur (KUL) – Chennai (MAA) – Colombo (CMB) – Kuala Lumpur (KUL).

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MPI gains

ASI lost 3.58 (0.07%) points to close at 4,925.06, MPI gained 0.98(0.02%) points to close at 4,360.66 and the S&P index lost 0.05 points to close at 2,796.46 points. Turnover for today was Rs. 125 million.

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Harin Malwatte, Secretary General/CEO at the Ceylon Chamber of Commerce (CCC) exchanging sponsorship agreement with Jeremy Huxtable, Chief Officer, Dialog Enterprise.

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