| Business Editor:0094 11 2429221
| Fax:
0094 11 2343694 | E mail:
[email protected] |
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.
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.
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.
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.
Full Story
