Mitchell Consortium invests US $ 700 m
Terminal development in Trincomalee Bay:
The Mitchell Consortium, an international group
led by Australian company Mitchell Group Holdings, has signed an
exclusive agreement with the Sri Lankan Government to head up Sri
Lanka’s largest ever foreign direct investment for an industrial
development project.
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Cabraal calls for more Gulf investments
Central Bank Governor, Ajith Nivard Cabraal has
called for an increase in investments from the Gulf countries in
various developments sectors of the country. The Governor told the
Kuwait news agency, Kuna, that many companies from the Gulf are
making use of investment opportunities in Sri Lanka particularly in
the building and construction activities, banking and tourism.
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EPF invests Rs 32 b in equity market
The Employees’ Provident Fund (EPF) recorded
another year of noteworthy performance in 2010. During the year, the
member contributions rose by 12.5 percent and the number of active
members of the Fund increased by 9.5 percent reflecting the
increased new employment opportunities in the economy press release
said.
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