ISSN: 1391 - 0531
Sunday, June 24, 2007
Vol. 42 - No 04
 
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Wijeya Pariganaka
Financial Times

Hirdaramani going ‘green’  

The Hirdaramani Group’s first ‘green’ factory, which is an investment of around US$ 5 million, will be called C K T Apparel Pvt Ltd and will be located in Agalawatte, in the Kalutara district. “We will start construction of the factory towards the end of June. The factory will be ready for commercial operations by April 2008,” said Arjuna Kuruppu, the CEO of the Hirdaramani Group’s Knit Cluster.

 
Services sector to increase growth

The services sector will show good profits this year, especially in segments such as telecommunications, transportation and banking and will contribute significantly to the GDP growth, according to stock market analysts. Vajira Premawardhana, Executive Director, Lanka Securities Company (Pvt) Ltd noted that the telecommunication firms will rule the roost this year in the services sector.

 
NTT-Maxis on hold till September

After a Supreme Court decision last week barred any further action on the proposed purchase of Sri Lanka Telecom (SLT) shares by Malaysian company Maxis Communications, the Court will only hear the case again on 17 September 2007. This means that no new developments will take place for at least three months or perhaps even longer, telecom industry analysts said.

 
From Good to Great

Moving away from the recent cluster of editorials which focused on the crisis facing the country, we shift gear today to a more positive development taking root in the country’s industrial sector.That’s not saying we are unconcerned about the state of play in the country which is suitably illustrated by the article below from JBIZ, the once-powerful group of chamber organizations that speaks for the entire chamber movement AND HAS SUDDENLY WOKEN UP FROM A DEEP SLUMBER, and the meeting this week in Colombo by Sri Lanka First, the business-peace grouping, to evaluate the APRC (All Party Representatives Committee) peace proposals.

 

Interest margins under pressure in banks
   
Inflation: Who knows what it is?
   
Major reasons for Lanka’s debacle
   
80% of the energy needed to make this product was from Renewable Energy
   
Mystery of fifth company in SLIC deal
 
Yaddehige sells RPC firms despite vehement denials - Right of Reply
 
Bridging, synergizing and delivering the need of the hour
   
Durdans Hospital to capitalise on health care boom
   
Doubts over new insurance fund
   
Chile, Sri Lanka to expand trade
   
Amaya Reef concerned over security situation
 
Taj GM confident of tourism future
 
JKH to tailor hotel investments to suit Sri Lanka
 
Triad launches “CAN” Awards
 
Chevron CEO urges students to think out of the box
 
Professional advisory service on visa procedures
 
Hemas focuses on inorganic growth
 
Govt. controls management but NTT runs the show
 
CCS seeking ‘correct’ locations for Keells Super
 
Private security personnel get pay hike
   
z
CIMA elects first Sri Lankan VP
   
z
Moscow ranks as world's priciest city
   
z
LOLC to expand outside Sri Lanka
   
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Good Food: The ‘Health’ Dimension
   
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Fire and Business – Taming the deadly flames
   
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“One must be frank to be relevant”
   
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Domestic tourism promotion likely to fail-experts
   
z
Ceylinco Life declares Rs 955 mln in annual bonuses
   
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Logistics International adjudged 'Area Depot of the Year' by Textainer
   
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Sri Lankan participants clinch export orders at Chinese fair
   
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Stockmarket doings and the CSE
   
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Share splits may replace bonus issues
   
z
Workshop on Islamic Banking and Finance
   
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Indeed a New Companies Act simplified
   
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Tea Board suspends rubbish tea consignment
   
z
Seminar on Global Warming
   
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100 free air tickets from Singer
   
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Sino-Lankan JV on high quality refrigeration equipment
   
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National Chamber seminar on “Understanding Labour Laws”
   
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No water for Tea (RI)
   
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Customers more a nuisance than reason for firms to survive
   
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Fitch assigns 'AA(lka)' rating to DFCC Bank's senior debt
   
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E-WIS brings Callatay and Wouters software to Sri Lanka
   
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Peace through camaraderie in business

Copyright 2007 Wijeya Newspapers Ltd.Colombo. Sri Lanka.