Nestle plans to grow in tea, frozen food
Reuters: Nestle SA, the world’s biggest food company, plans to expand in the bottled tea and frozen foods markets in the United States, where the business climate is expected to remain difficult in the near future.
Chinese firm plans 10,000-hectare rubber plantation in Sarawak
Kuching (Bernama): China’s Guangdong Guangken Rubber has expressed interest to plant 10,000 hectares of rubber in Sarawak, Deputy Chief Minister Tan Sri Alfred Jabu Numpang said Thursday.
Accounting for development
By Uditha Jayasinghe
Professionals, especially accountants should take a more active part in engaging with the government and create a transparent environment conducive for development and even become whistleblowers to consolidate the confidence of investors in a changing future scenario noted two top government officials last night.
High powered team for $ 4000 per capita goal
Govt. steps up private public partnerships and technology infusions with special Cabinet appointed committee to evaluate projects by ministries
By Uditha Jayasinghe
Cabinet on Wednesday gave approval for the appointment of a high powered committee to formulate strategic plans with assistance from the private sector to achieve the goal of doubling the per capita income to $ 4,000 by 2015.
Govt. to build a new community of ‘eLeaders’ to spearhead Sri Lanka
By Cheranka Mendis
Sri Lanka is committed to build e-leaders in the country; a new breed that will take the lead in the future economic development of the country. Moving away from the conventional Chief Information Officer to embrace a new ‘Chief Innovation Officer’ in the future, Sri Lanka is now on the lookout for new and innovative personnel.
Distilleries’ stake in Spence crosses 25% mark
Business tycoon Harry Jayawardena yesterday extended his control in Aitken Spence to over 25% when Distilleries Company of Sri Lanka (DCSL) picked up a 2.4% stake amounting to 10 million shares for Rs. 1.8 billion.
Risks persist but Cabraal says CB is not a guarantor of deposits
By Deepal V. Perera
Governor Nivard Cabraal yesterday emphasised that the Central Bank was not a guarantor of public deposits but a regulator of financial system and admitted there was an element of risk which is however minimised via stringent supervision.
LOLC, Browns buy 20% stake in Sierra for Rs. 1.6 b
Lanka Orix Leasing Company Plc (LOLC) together with Browns Investments has acquired 20% stake each in Sierra Holdings and Sierra Constructions for Rs. 1.6 billion.
Upbeat JKH kicks off its biggest property development venture
The proposed “OnThree20” luxury residential apartment complex
Premier blue chip John Keells Holdings (JKH) further signalled it is also upbeat on post-war Sri Lanka’s property sector by kicking off its biggest venture in the segment – building a 475 luxury apartment units complex in Union Place with an investment of US$ 65 million.
Today’s Front Page 29-10-2010
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