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.
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.
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.
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.