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Monday, 10 September 2012

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Kelani Cables to increase exports by 15 %

Kelani Cables is looking at a record revenue in the excess of Rs. 5 billion at the end of the financial year. This would be an increase of more than 25 % from the last financial year. CEO Kelani Cables, Mahinda Saranapala said that they would increase foreign exports by over 15 % and this is the main reason for the increase of revenue.

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Ceylon Tea Brokers records growth

The improved performance of Ceylon Tea Brokers during the financial year under review compared with the corresponding period the previous year is encouraging as the volatility in the global market continued further. It is a positive sign given that the country produced less tea, which sold at lower auction prices, which has a direct correlation to the earnings of a Tea Broking Company, Ceylon Tea Brokers Executive Director Waruna de Silva told Daily News Business.

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Lanka Ashok Leyland introduces Double Decker buses

Lanka Ashok Leyland introduced Double Decker buses and air conditioned sleeper coaches at India Show. For over three decades Lanka Ashok Leyland buses have been moving millions of people to their destinations everyday across the island. Close to 26,000 LAL buses keep the wheels of economy turning by providing and creating more and more job opportunities in transport sector.

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Thailand to step up bilateral trade with Lanka

Thailand is ready to step up bilateral trade volumes with Sri Lanka in the coming years. In 2011, total trade between Sri Lanka and Thailand stood at $ 580 million and both way trade had increased considerably during the recent past. Addressing the seminar organized by the National Chamber of Commerce on “Bilateral Trade and Economic Relations between Sri Lanka and Thailand”, Thailand Ambassador to Sri Lanka Poldej Worachat said “there is a lot of scope to improve trade between two countries and our strong relationship with Sri Lanka will give us a ready access to this market.

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The Ceylon National Chamber of Industries held their Achiever Awards at Cinnamon Grand on Friday and the national level crystal award was won by Ceylon Biscuits Ltd. Here Sheamalee Wicramasingha, Group Managing Director and Chathura Wijesuriya, Head of HR receiving the award from Chief Guest Rita O Silivan, Country Director, Asian Development Bank and
Preethi Jayawardana, President CNCI, Kumara Kandalama Secretary CNCI was also present. Picture by Saliya Rupaisnghe



 
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