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Monday, 19 November 2012


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SL stock market on positive path

The Colombo stock market is now growing in a positive direction due to the coordinated effort of all stakeholders including Securities and Exchange Commission (SEC), Colombo Stock Exchange (CSE) and Colombo Stock Brokers Association (SBA). To enhance the market from a medium to long term perspective, it needs to be broad-based with new listing and encourage foreign investment in to the market, Asha Philips Securities Vice President, Thakshila Hulangamuwa said.

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ASOCIO 2012 ends successfully in Colombo

The biggest ICT events of the year, which represent Sri Lanka’s continual progress and the importance of information communications and technology, were hosted by the Federation of Information Technology Industry Sri Lanka (FITIS)recently. Accordingly, ASOCIO 2012 the regional ICT Summit, was held in Sri Lanka from November 15 to 17 in Colombo alongside the INFOTEL 2012, the National ICT Exhibition at the BMICH from November 16 -18 ,2012.

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Rubber industry targets US $ 5 bn mark by 2023

Plastic and Rubber Institute of Sri Lanka (PRISL) together with Enterprising Fairs (India) Pvt. Ltd, plan on having a rubber related exhibition on September 12, 13, 14, 2013 in Colombo. After the success of PLASTEXPO in August this year Enterprising Fairs had come forward to hold RUBEXPO providing a platform for local rubber related companies to participate and experience the new technologies and talent available in local and foreign market.

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LOLC Micro Credit Ltd. (LOMC), the micro-finance company of the LOLC Group, successfully concluded its Isuru Diriya Sisu Upahara Scholarship Awards Ceremony in Colombo last Friday with Ajith Nivard Cabraal, Governor
Central Bank , attending the ceremony as the chief guest. Here the governor is seen presenting scholarships to a recipient. Kapila Jayawardena, Group Managing Director/CEO and Chairperson LOLC, Rohini Nanayakkara looks on. Picture by Sumanachandra Ariyawansa

Infrastructure development was one of the key areas that lacked much focus in Sri Lanka
for several decades. This was a key point that kept investors away even during the post war
period. In a bid to provide solutions for this the government had launched series of development
projects such as the Southern Highway, second international harbour and airport and
a series of similar projects to add the much needed boost to power, irrigation and other key
sectors. One of the biggest projects to be under taken in recent times is the Moragahakanda
project which would usher economic prosperity to several provinces including Central,
North and East by proving 25 MV of hydro power, assisting irrigation projects and also
providing drinking water to residents of the area. The US $ 252 million project has been
entrusted to the world’s largest hydro-electric company, Sinohydro Corporation of China.
Here some workers blasting a rock at the project site.

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