CIC invests Rs. 500m in dairy venture
Leases two 3600 acre farms in Eastern Province:
Buoyed by the investment opportunities in the
Eastern Province, Agriculture rich blue chip Chemical Industries
Colombo PLC, through its subsidiary CIC Agribusiness (Pvt) Ltd, has
embarked on two ambitious Rs. 500 million milk processing facilities
at Welikanda and Punani.
Central Finance elevates deposit base to Rs. 13.2 b
Central Finance Company PLC has reached Rs 13.2
billion deposit base during this year.
Inflation drops in Nov.
The rate of inflation, as measured by the
year-on-year change in the Colombo Consumers’ Price Index (CCPI)
(2002=100), decelerated further to 16.3 per cent in November, 2008
for the fifth consecutive month.
Ceylon Chamber wins SAFA awards
The Ceylon Chamber of Commerce created history
once again by being the only Chamber of Commerce to win a much
coveted award for best presented accounts at the South Asian
Federation of Accountants (SAFA) Awards held in New Delhi recently.