Colombo’s tea industry is watching developments in West Asia (Middle East) closely amidst rising oil prices, erratic weather at home and crucial wage negotiations between workers and plantation management later this month.
Nation Lanka Finance Company (NLF)’s private placement action aimed at infusing capital worth Rs.500 million through a consortium of investors is now hanging in the balance owing to undue interference of a former director of the collapsed Golden Key Credit Card Company (GKCC), NLF sources said.
