Fixed Income Funds to attract foreign investment
The removal of restrictions on foreign investment
into fixed income Unit Trusts, has opened a new avenue for overseas
investment into Sri Lanka due to the prevailing global economic
environment, Ceylon Asset Management Managing Director Dulindra
Fernando told Daily News Business.
Brisk sales for Nano, hybrid cars
There is a growing demand for both hybrid and
Nano cars in the local market. More than 3500 hybrid cars and 1000
Nano cars have been sold in Sri Lanka this year. According to the
Motor vehicle registration statistics, 3855 hybrid cars have been
registered from March this year.
ODEL to open three more
ODEL is to open three stores by the end of the
year in Kandy and Dutch Hospital Colombo 1, and will also refurbish
their main store at Alexandra Place. ODEL founder and CEO Otara
Gunewardene said with the economy growing ‘business was good’ and
tourist arrivals are also picking up bringing them more customers.